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Process Equipment Market
Global Process Equipment Market include Syngenta, Bayer, KWS Group, The Dow Chemical Company, Agrosaw, Alvan Blanch Development Company
Growing demand for process equipment driven by industrialization, automation, and efficiency needs across various sectors.” - Exactitude Consultancy
LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 28, 2024 /EINPresswire / -- The Global Process Equipment Market report focuses on a comprehensive analysis of the recent and future prospects of the Process Equipment industry. An in-depth analysis of historical trends, future trends, industry advancements, and regulatory requirements of the Process Equipment has been conducted to analyze the growth rate of each segment and sub-segment. Highlighting the major drivers and restraints in this industry, the report also provides a complete study of future trends and improvements in the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. Exactitude Consultancy ensures qualified and verifiable features of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market dimensions in the current scenario.
The process equipment market is expected to grow at 10.2% CAGR from 2024 to 2030. It is expected to reach above USD 6.41 Billion by 2029 from USD 2.68 Billion in 2020.
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Process Equipment Market Trends
Food and Beverage Processing Segment Registering a Significant CAGR
Food & Beverage processing and handling, which involves three core subsectors, including processing, packaging, and commercial service equipment, is one of the significantly important sectors within Industrials. This industry is a mature sector experiencing a turbulent period owing to the rising global demands for food safety, growing food insecurity, and consumer demand for higher quality and sustainability.
In many countries, the food & beverage processing industry is a major contributor to the health of the national economy and gets impacted by both the local economy where it manufactures and the global economy in terms of food logistics and imports and exports. Therefore, shifts and changes in regional economies, population size, food consumption, and the food and drinks industry all have significant implications for food processing.
List of the Top key players Influencing this Market includes:
The research study includes the current trends that are being adopted by significant market players in the Process Equipment markets, including the use of cutting-edge technology, government funding of R&D, and an increasing focus on sustainability.
Syngenta, Bayer, KWS Group, The Dow Chemical Company, Agrosaw, Alvan Blanch Development Company, GroupCimbria, Lewis M. Carter Manufacturing, Spectrum Industries, Westrup, and others., Crane Engineering
Recent Developments:
Sartorius Stedim Biotech, a renowned company in the worldwide biopharmaceutical industry, announced about its agreement to purchase the chromatography process equipment division of Novasep. The proposed transaction is subject to antitrust approvals and the information and consultation of Novasep's works council and is expected to close in the first half of 2021.
Flow Control Holdings, LLC, a leading provider of highly engineered flow components for market-critical applications in the food, beverage and pharmaceutical industries, announced the acquisition of Top Line Process Equipment, a division of Allegheny Bradford Corporation.
Crane Engineering, a leading distributor of fluid technology solutions in the Midwest, announced that it has completed the acquisition of Rapids Process Equipment (RPE), a company that provides services and repairs primarily to the northern pulp and paper industry from Minnesota. The agreement adds the fourth location for Crane Engineering and further supports its expansion to Minnesota.
Plasma-Therm has announced the acquisition of the OEM Group's dry processing equipment business. Plasma-Therm is expected to continue offering its assistance to existing customers with components and upgrades, as well as with new and refurbished tools.
Segmentation Analysis of the market:
The market is segmented based on the type, product and application. The segmentation helps to deliver a precise explanation of the market.
Segments Covered in the Process Equipment Market Report:
Process Equipment Market By Type, 2020-2029, (USD Billion, Thousand Units)
Cleaners
Dryers
Coaters
Separators
Polishers
Others
Process Equipment Market By Crop, 2020-2029, (USD Billion, Thousand Units)
Cereals And Grains
Oilseeds And Pulses
Fruits And Vegetables
Others
Process Equipment Market By Region, 2020-2029, (USD Billion, Thousand Units)
North America
Asia Pacific
Europe
South America
Middle East And Africa
Important Countries In All Regions Are Covered.
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Regional Coverage:
Region Included: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Country level breakdown: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.
Asia-Pacific Holding a Significant Share
The United States and Europe have been at the forefront of the Industrial Revolution over the last two and a half centuries, and almost all Asian countries were latecomers to these revolutions. Nevertheless, most of them, including China, South Korea, Singapore, Hong Kong, Taiwan, India, Indonesia, and Malaysia, made notable progress by the end of the Third Industrial Revolution.
With industrialization catching motion in Asia and the Pacific, it has also been a driving force in the economic growth of scores of countries in the region and beyond. This shift has led to greater prosperity, urbanization, and population growth. According to ADB, growth in developing Asia is expected to reach 4.8% this year and in 2024, up from 4.2% last year. Moreover, the People's Republic of China's (PRC) recovery and healthy domestic demand in India will be the region's major growth supports for the current and upcoming years.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Process Equipment market.
Product Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Process Equipment market.
Quick Snapshot and Extracts from TOC of Latest Edition Overview of Process Equipment Market:
Process Equipment Size (Sales Volume) Comparison by Type
Process Equipment Size (Consumption) and Market Share Comparison by Application (2023-2029)
Process Equipment Size (Value) Comparison by Region (2023-2029)
Process Equipment Sales, Revenue and Growth Rate (2023-2029)
Market Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
Analyze competitors, including all important parameters of Market
Market Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
With this report you will learn:
Who the leading players are in Process Equipment Market?
What you should look for in a Process Equipment?
What trends are driving the Market?
About the changing market behavior over time with strategic view point to examine competition?
Who are the main players in the market, and what is their market share?
How do companies set their prices in the market, and what is the competitive landscape like?
We offer customization on the Process Equipment market report based on specific client requirements:
Customization 20%.
Five Countries can be added as per your choice.
Five Companies can add as per your choice.
Free customization for up to 40 hours.
After-sales support for One year from the date of delivery.
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