Industrial Static Equipment Market
PUBLISHED: 2022 ID: SMRC22068
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Industrial Static Equipment Market

Industrial Static Equipment Market Forecasts to 2028 - Global Analysis By Product Type (Valves, Furnaces, Boilers, Heat Exchangers, Pressure Vessels and Other Product Types), End User (Oil & Gas, Power Generation, Chemicals & Petrochemicals, Water & Wastewater, Process Industries, Discrete Industries and Other End Users) and By Geography

4.1 (61 reviews)
4.1 (61 reviews)
Published: 2022 ID: SMRC22068

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $32.61 BN

Projected Year Value (2028)

US $46.0 BN

CAGR (2022 - 2028)

5.9%

Regions Covered

North America, Europe, Asiap Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Fastest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Industrial Static Equipment Market is accounted for $32.61 billion in 2022 and is expected to reach $46.0 billion by 2028 growing at a CAGR of 5.9% during the forecast period. Static equipments are the fixed equipment generally used to describe non-moving equipment in the oil and gas and process industries. The oil and gas industry is one of the largest sectors in the world and a huge factor in the global economy. These oil and gas, process industries utilize various static equipments in their industries for the production purposes. Boilers, valves, heat exchangers, furnaces, and other types of static industrial equipment are crucial for helping industrial establishments reach their operational goals, thus it is projected that their growth would closely resemble that of the industrial sector as a whole.

According to the US Census Bureau, total sales for retail and food services from May 2022 through July 2022 were up by 9.2% from the same period last year.



Market Dynamics:

Driver:

Increasing demand for energy from various sectors

The increasing population and migration of people from rural to urban areas have resulted in, spike in the energy demand from every sector. At present, renewable energies being in an early stage of adoption, the major portion of power generation and energy are still fulfilled by oil and gas. This is set to increase the global demand for oil and gas to even higher levels in the upcoming years. This in turn, helps the static equipments market growth.

Restraint:

Drift towards renewable energy

The shift to renewable energy sources is the primary factor that can restrain market expansion. It is anticipated that the interest in and growth of the renewable energy sector would reduce the amount of money coming into the oil and gas energy sector. The capital expenditures for oil and gas production could be hampered by the rising share of electricity generation from renewable sources.

Opportunity:

Rapid Industrialization

The industrial sector has been an engine for the world’s economic prosperity since the onset of the industrial revolution, static industrial equipment such as boilers, valves, heat exchangers, furnaces, etc. plays a fundamental role within the industrial establishments to help them accomplish their operational targets, they are also likely to follow a similar growth pattern allowing for their direct relation with the industrial sector growth.

Threat:

High cost of equipments and their installation

The cost of the equipments used in the industries are very high and the maintenance cost as well as the installation cost of the equipments in the industries are also high, which also involves the labour cost for the installation of the equipments and training the staff for the working, and if the machine breaks down the repair cost would be even more high and the working process of the industries also delays.

Covid-19 Impact

The pandemic has a damaging impact on many industries all over the world especially the oil and gas industries, manufacturing industries etc, which in turn affected the other sectors which were depending on these large sectors such as suppliers. As the market is majorly dependent on oil and gas industry the biggest collapse faced by the global industry in a long time has impacted the investments in the market. The excess supply and low oil demand have forced leading oil and gas companies to temporarily stop onshore and offshore drilling activities, which ultimately led to a surge in oil prices.

The oil & gas segment is expected to be the largest during the forecast period

The oil & gas segment is estimated to have a lucrative growth, due to the key contributors to the growth of almost all industries. The majority of mechanical equipments found in oil and gas facilities belong to the static equipment. This was due to the fact that power is required to run any industrial establishment, and until the recent developments in renewable sources, power was used to be fulfilled primarily by oil and gas. The oil and gas industry is among the major consumers of static industrial equipment, such as boilers, furnaces, piping, and valves, as the entire oil exploration and production activity involves several processes that are carried out at different places.

The heat exchangers segment is expected to have the highest CAGR during the forecast period

The heat exchangers segment is anticipated to witness the fastest CAGR growth during the forecast period, because it plays major role in the various industries including the oil and gas industries, chemical and petroleum industries, power plants etc. Most processes in petrochemical facilities involve high pressure and temperature, thus, necessitating the need for controlling of heat transfer and the improvement of energy savings, which, in turn, is likely to boost the demand for energy-efficient heat exchangers.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to increasing excavation of new oil sands in countries such as Canada, coupled with construction of new facilities in the country is expected to further support growth of the market to certain extent in this region. In addition, increasing government expenditure on the oil & gas sector and increasing focus on drilling of shale wells across developed countries are other factors expected to support the growth of the global market to a certain extent.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to improved venture, increased government measures to improved infrastructures and encourage LNG exploration, and the survival of important firms operating in growing countries were as china is the pioneer in oil & gas production in Asia-Pacific because of its oil & gas exploration expenditure. The nation has the most oil rigs, followed by India, which has also made steady improvements. Moreover abundant institutes are conducting research and development initiatives in several nations to increase equipment performance and promote investment in the industry.



Key players in the market

Some of the key players profiled in the Industrial Static Equipment Market include Schlumberger Limited, AVK Group, AKO Armaturen& Separationstecchink GMBH, EG Valves LeserGMBH & CO, Pentair plc, Alfa Laval AB, FMC Technologies Inc., Atlas Copco AB, TechnipFMC, Siemens AG, Metso Oyj, Flowserve Corporation.

Key Developments:

In July 2022 Alfa Laval collaborated with SSAB, the global Swedish steel company, on developing and commercializing the world's first heat exchanger made of fossil-free steel. The goal is to have the first hydrogen-reduced steel unit ready by 2023. The collaboration is also a significant step toward Alfa Laval's goal of becoming carbon neutral by 2030.

In March 2022 AVK Group launched a new line of premium 100 gate valves. Premium 100 gate valves offer corrosion and wear resistance. They are ideal for installation in locations where excavation is not feasible and where long life and maximum safety are required. This could include busy roads, public and tourist attractions, coastal areas, or areas contaminated with oil or gasoline.

Product Types Covered:
• Valves
• Furnaces
• Boilers
• Heat Exchangers
• Pressure Vessels
• Others Products Types

End Users Covered:
• Oil & Gas
• Power Generation
• Chemicals & Petrochemicals
• Water & Wastewater
• Process Industries
• Discrete Industries
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Industrial Static Equipment Market, By Product Type
5.1 Introduction
5.2 Valves
5.2.1 Ball Valves
5.2.2 Plug
5.2.3 Butterfly
5.2.4 Gate, Globe, and Check
5.2.5 Pressure Relief
5.3 Furnaces
5.4 Boilers
5.5 Heat Exchangers
5.6 Pressure Vessels
5.7 Other Product Types

6 Global Industrial Static Equipment Market, By End User
6.1 Introduction
6.2 Oil & Gas
6.3 Power Generation
6.4 Chemicals & Petrochemicals
6.5 Water & Wastewater
6.6 Process Industries
6.7 Discrete Industries
6.8 Other End Users

7 Global Industrial Static Equipment Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 Schlumberger Limited
9.2 AVK Group
9.3 AKO Armaturen& Separationstecchink GMBH
9.4 EG Valves LeserGMBH & CO
9.5 Pentair plc
9.6 Alfa Laval AB
9.7 FMC Technologies Inc.
9.8 Atlas Copco AB
9.9 TechnipFMC
10.0 Siemens AG
10.1 Metso Oyj
10.2 Flowserve Corporation

List of Tables
1 Global Industrial Static Equipment Market Outlook, By Region (2020-2028) ($MN)
2 Global Industrial Static Equipment Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
4 Global Industrial Static Equipment Market Outlook, By Valves (2020-2028) ($MN)
5 Global Industrial Static Equipment Market Outlook, By Ball Valves (2020-2028) ($MN)
6 Global Industrial Static Equipment Market Outlook, By Plug (2020-2028) ($MN)
7 Global Industrial Static Equipment Market Outlook, By Butterfly (2020-2028) ($MN)
8 Global Industrial Static Equipment Market Outlook, By Gate, Globe, and Check (2020-2028) ($MN)
9 Global Industrial Static Equipment Market Outlook, By Pressure Relief (2020-2028) ($MN)
10 Global Industrial Static Equipment Market Outlook, By Furnaces (2020-2028) ($MN)
11 Global Industrial Static Equipment Market Outlook, By Boilers (2020-2028) ($MN)
12 Global Industrial Static Equipment Market Outlook, By Heat Exchangers (2020-2028) ($MN)
13 Global Industrial Static Equipment Market Outlook, By Pressure Vessels (2020-2028) ($MN)
14 Global Industrial Static Equipment Market Outlook, By Other Product Types (2020-2028) ($MN)
15 Global Industrial Static Equipment Market Outlook, By End User (2020-2028) ($MN)
16 Global Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
17 Global Industrial Static Equipment Market Outlook, By Oil & Gas (2020-2028) ($MN)
18 Global Industrial Static Equipment Market Outlook, By Power Generation (2020-2028) ($MN)
19 Global Industrial Static Equipment Market Outlook, By Chemicals & Petrochemicals (2020-2028) ($MN)
20 Global Industrial Static Equipment Market Outlook, By Water & Wastewater (2020-2028) ($MN)
21 Global Industrial Static Equipment Market Outlook, By Process Industries (2020-2028) ($MN)
22 Global Industrial Static Equipment Market Outlook, By Discrete Industries (2020-2028) ($MN)
23 Global Industrial Static Equipment Market Outlook, By Other End Users (2020-2028) ($MN)
24 North America Industrial Static Equipment Market Outlook, By Country (2020-2028) ($MN)
25 North America Industrial Static Equipment Market Outlook, By Product Type (2020-2028) ($MN)
26 North America Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
27 North America Industrial Static Equipment Market Outlook, By Valves (2020-2028) ($MN)
28 North America Industrial Static Equipment Market Outlook, By Ball Valves (2020-2028) ($MN)
29 North America Industrial Static Equipment Market Outlook, By Plug (2020-2028) ($MN)
30 North America Industrial Static Equipment Market Outlook, By Butterfly (2020-2028) ($MN)
31 North America Industrial Static Equipment Market Outlook, By Gate, Globe, and Check (2020-2028) ($MN)
32 North America Industrial Static Equipment Market Outlook, By Pressure Relief (2020-2028) ($MN)
33 North America Industrial Static Equipment Market Outlook, By Furnaces (2020-2028) ($MN)
34 North America Industrial Static Equipment Market Outlook, By Boilers (2020-2028) ($MN)
35 North America Industrial Static Equipment Market Outlook, By Heat Exchangers (2020-2028) ($MN)
36 North America Industrial Static Equipment Market Outlook, By Pressure Vessels (2020-2028) ($MN)
37 North America Industrial Static Equipment Market Outlook, By Other Product Types (2020-2028) ($MN)
38 North America Industrial Static Equipment Market Outlook, By End User (2020-2028) ($MN)
39 North America Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
40 North America Industrial Static Equipment Market Outlook, By Oil & Gas (2020-2028) ($MN)
41 North America Industrial Static Equipment Market Outlook, By Power Generation (2020-2028) ($MN)
42 North America Industrial Static Equipment Market Outlook, By Chemicals & Petrochemicals (2020-2028) ($MN)
43 North America Industrial Static Equipment Market Outlook, By Water & Wastewater (2020-2028) ($MN)
44 North America Industrial Static Equipment Market Outlook, By Process Industries (2020-2028) ($MN)
45 North America Industrial Static Equipment Market Outlook, By Discrete Industries (2020-2028) ($MN)
46 North America Industrial Static Equipment Market Outlook, By Other End Users (2020-2028) ($MN)
47 Europe Industrial Static Equipment Market Outlook, By Country (2020-2028) ($MN)
48 Europe Industrial Static Equipment Market Outlook, By Product Type (2020-2028) ($MN)
49 Europe Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
50 Europe Industrial Static Equipment Market Outlook, By Valves (2020-2028) ($MN)
51 Europe Industrial Static Equipment Market Outlook, By Ball Valves (2020-2028) ($MN)
52 Europe Industrial Static Equipment Market Outlook, By Plug (2020-2028) ($MN)
53 Europe Industrial Static Equipment Market Outlook, By Butterfly (2020-2028) ($MN)
54 Europe Industrial Static Equipment Market Outlook, By Gate, Globe, and Check (2020-2028) ($MN)
55 Europe Industrial Static Equipment Market Outlook, By Pressure Relief (2020-2028) ($MN)
56 Europe Industrial Static Equipment Market Outlook, By Furnaces (2020-2028) ($MN)
57 Europe Industrial Static Equipment Market Outlook, By Boilers (2020-2028) ($MN)
58 Europe Industrial Static Equipment Market Outlook, By Heat Exchangers (2020-2028) ($MN)
59 Europe Industrial Static Equipment Market Outlook, By Pressure Vessels (2020-2028) ($MN)
60 Europe Industrial Static Equipment Market Outlook, By Other Product Types (2020-2028) ($MN)
61 Europe Industrial Static Equipment Market Outlook, By End User (2020-2028) ($MN)
62 Europe Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
63 Europe Industrial Static Equipment Market Outlook, By Oil & Gas (2020-2028) ($MN)
64 Europe Industrial Static Equipment Market Outlook, By Power Generation (2020-2028) ($MN)
65 Europe Industrial Static Equipment Market Outlook, By Chemicals & Petrochemicals (2020-2028) ($MN)
66 Europe Industrial Static Equipment Market Outlook, By Water & Wastewater (2020-2028) ($MN)
67 Europe Industrial Static Equipment Market Outlook, By Process Industries (2020-2028) ($MN)
68 Europe Industrial Static Equipment Market Outlook, By Discrete Industries (2020-2028) ($MN)
69 Europe Industrial Static Equipment Market Outlook, By Other End Users (2020-2028) ($MN)
70 Asia Pacific Industrial Static Equipment Market Outlook, By Country (2020-2028) ($MN)
71 Asia Pacific Industrial Static Equipment Market Outlook, By Product Type (2020-2028) ($MN)
72 Asia Pacific Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
73 Asia Pacific Industrial Static Equipment Market Outlook, By Valves (2020-2028) ($MN)
74 Asia Pacific Industrial Static Equipment Market Outlook, By Ball Valves (2020-2028) ($MN)
75 Asia Pacific Industrial Static Equipment Market Outlook, By Plug (2020-2028) ($MN)
76 Asia Pacific Industrial Static Equipment Market Outlook, By Butterfly (2020-2028) ($MN)
77 Asia Pacific Industrial Static Equipment Market Outlook, By Gate, Globe, and Check (2020-2028) ($MN)
78 Asia Pacific Industrial Static Equipment Market Outlook, By Pressure Relief (2020-2028) ($MN)
79 Asia Pacific Industrial Static Equipment Market Outlook, By Furnaces (2020-2028) ($MN)
80 Asia Pacific Industrial Static Equipment Market Outlook, By Boilers (2020-2028) ($MN)
81 Asia Pacific Industrial Static Equipment Market Outlook, By Heat Exchangers (2020-2028) ($MN)
82 Asia Pacific Industrial Static Equipment Market Outlook, By Pressure Vessels (2020-2028) ($MN)
83 Asia Pacific Industrial Static Equipment Market Outlook, By Other Product Types (2020-2028) ($MN)
84 Asia Pacific Industrial Static Equipment Market Outlook, By End User (2020-2028) ($MN)
85 Asia Pacific Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
86 Asia Pacific Industrial Static Equipment Market Outlook, By Oil & Gas (2020-2028) ($MN)
87 Asia Pacific Industrial Static Equipment Market Outlook, By Power Generation (2020-2028) ($MN)
88 Asia Pacific Industrial Static Equipment Market Outlook, By Chemicals & Petrochemicals (2020-2028) ($MN)
89 Asia Pacific Industrial Static Equipment Market Outlook, By Water & Wastewater (2020-2028) ($MN)
90 Asia Pacific Industrial Static Equipment Market Outlook, By Process Industries (2020-2028) ($MN)
91 Asia Pacific Industrial Static Equipment Market Outlook, By Discrete Industries (2020-2028) ($MN)
92 Asia Pacific Industrial Static Equipment Market Outlook, By Other End Users (2020-2028) ($MN)
93 South America Industrial Static Equipment Market Outlook, By Country (2020-2028) ($MN)
94 South America Industrial Static Equipment Market Outlook, By Product Type (2020-2028) ($MN)
95 South America Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
96 South America Industrial Static Equipment Market Outlook, By Valves (2020-2028) ($MN)
97 South America Industrial Static Equipment Market Outlook, By Ball Valves (2020-2028) ($MN)
98 South America Industrial Static Equipment Market Outlook, By Plug (2020-2028) ($MN)
99 South America Industrial Static Equipment Market Outlook, By Butterfly (2020-2028) ($MN)
100 South America Industrial Static Equipment Market Outlook, By Gate, Globe, and Check (2020-2028) ($MN)
101 South America Industrial Static Equipment Market Outlook, By Pressure Relief (2020-2028) ($MN)
102 South America Industrial Static Equipment Market Outlook, By Furnaces (2020-2028) ($MN)
103 South America Industrial Static Equipment Market Outlook, By Boilers (2020-2028) ($MN)
104 South America Industrial Static Equipment Market Outlook, By Heat Exchangers (2020-2028) ($MN)
105 South America Industrial Static Equipment Market Outlook, By Pressure Vessels (2020-2028) ($MN)
106 South America Industrial Static Equipment Market Outlook, By Other Product Types (2020-2028) ($MN)
107 South America Industrial Static Equipment Market Outlook, By End User (2020-2028) ($MN)
108 South America Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
109 South America Industrial Static Equipment Market Outlook, By Oil & Gas (2020-2028) ($MN)
110 South America Industrial Static Equipment Market Outlook, By Power Generation (2020-2028) ($MN)
111 South America Industrial Static Equipment Market Outlook, By Chemicals & Petrochemicals (2020-2028) ($MN)
112 South America Industrial Static Equipment Market Outlook, By Water & Wastewater (2020-2028) ($MN)
113 South America Industrial Static Equipment Market Outlook, By Process Industries (2020-2028) ($MN)
114 South America Industrial Static Equipment Market Outlook, By Discrete Industries (2020-2028) ($MN)
115 South America Industrial Static Equipment Market Outlook, By Other End Users (2020-2028) ($MN)
116 Middle East & Asia Industrial Static Equipment Market Outlook, By Country (2020-2028) ($MN)
117 Middle East & Asia Industrial Static Equipment Market Outlook, By Product Type (2020-2028) ($MN)
118 Middle East & Asia Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
119 Middle East & Asia Industrial Static Equipment Market Outlook, By Valves (2020-2028) ($MN)
120 Middle East & Africa Industrial Static Equipment Market Outlook, By Ball Valves (2020-2028) ($MN)
121 Middle East & Africa Industrial Static Equipment Market Outlook, By Plug (2020-2028) ($MN)
122 Middle East & Africa Industrial Static Equipment Market Outlook, By Butterfly (2020-2028) ($MN)
123 Middle East & Africa Industrial Static Equipment Market Outlook, By Gate, Globe, and Check (2020-2028) ($MN)
124 Middle East & Africa Industrial Static Equipment Market Outlook, By Pressure Relief (2020-2028) ($MN)
125 Middle East & Asia Industrial Static Equipment Market Outlook, By Furnaces (2020-2028) ($MN)
126 Middle East & Asia Industrial Static Equipment Market Outlook, By Boilers (2020-2028) ($MN)
127 Middle East & Asia Industrial Static Equipment Market Outlook, By Heat Exchangers (2020-2028) ($MN)
128 Middle East & Asia Industrial Static Equipment Market Outlook, By Pressure Vessels (2020-2028) ($MN)
129 Middle East & Asia Industrial Static Equipment Market Outlook, By Other Product Types (2020-2028) ($MN)
130 Middle East & Asia Industrial Static Equipment Market Outlook, By End User (2020-2028) ($MN)
131 Middle East & Asia Industrial Static Equipment Market Outlook, By Introduction (2020-2028) ($MN)
132 Middle East & Asia Industrial Static Equipment Market Outlook, By Oil & Gas (2020-2028) ($MN)
133 Middle East & Asia Industrial Static Equipment Market Outlook, By Power Generation (2020-2028) ($MN)
134 Middle East & Asia Industrial Static Equipment Market Outlook, By Chemicals & Petrochemicals (2020-2028) ($MN)
135 Middle East & Asia Industrial Static Equipment Market Outlook, By Water & Wastewater (2020-2028) ($MN)
136 Middle East & Asia Industrial Static Equipment Market Outlook, By Process Industries (2020-2028) ($MN)
137 Middle East & Asia Industrial Static Equipment Market Outlook, By Discrete Industries (2020-2028) ($MN)
138 Middle East & Asia Industrial Static Equipment Market Outlook, By Other End Users (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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