PUBLISHER: The Business Research Company | PRODUCT CODE: 2112344
PUBLISHER: The Business Research Company | PRODUCT CODE: 2112344
Process equipment consists of industrial machinery, vessels, and systems utilized to perform physical or chemical processing operations on materials. It includes equipment such as reactors, heat exchangers, distillation units, and storage vessels that play a critical role in manufacturing and production activities. These systems are engineered to maintain efficiency, operational safety, and product consistency while transforming raw inputs into finished outputs.
The primary equipment types of process equipment include conveyor systems, filtration systems, mixers, pumps, compressors, valves, heat exchangers, boilers, cooling towers, and reactors. Conveyor systems are material-handling solutions used to move materials efficiently across different stages of industrial processing operations. These equipment types are employed in mechanical, chemical, and biological processing methods and are manufactured using construction materials such as stainless steel, carbon steel, alloy-based materials, and other material types. They are available as continuous process equipment and batch process equipment and are utilized by end users across food and beverage, chemicals and petrochemicals, power generation, oil and gas, metal and mining, and automotive industries.
Tariffs are influencing the process equipment market by increasing the cost of imported machinery, components, and precision-engineered systems such as reactors, heat exchangers, pumps, and compressors used in industrial operations. This is driving up project costs and causing delays in large-scale EPC projects, particularly in oil and gas, chemicals, and power generation sectors that depend heavily on global supply chains. Equipment-intensive segments like heat exchangers and high-end reactors are the most affected due to reliance on specialized international manufacturing hubs. However, tariffs are also encouraging manufacturing localization, strengthening regional supply chains, and driving investment in domestic fabrication capabilities, thereby enhancing long-term resilience and reducing import dependence.
The process equipment market size has grown strongly in recent years. It will grow from $77.38 billion in 2025 to $83.83 billion in 2026 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to industrialization and expansion of oil and gas refining capacity, growth of chemical and petrochemical manufacturing plants, rising capital investment in heavy industrial infrastructure, increasing adoption of batch and continuous process manufacturing systems, expansion of global EPC project execution activities.
The process equipment market size is expected to see strongly grown in the next few years. It will grow to $116.47 billion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to rising replacement of aging industrial process equipment, increasing investment in modular and prefabricated plant construction, growing demand for high reliability and operational uptime in industrial operations, expansion of manufacturing infrastructure in emerging economies, increasing need for cost optimized and scalable process equipment solutions. Major trends in the forecast period include modular skid mounted process equipment adoption, rising demand for high corrosion resistant alloy based equipment, expansion of brownfield plant refurbishment and replacement cycles, increasing deployment of high pressure high temperature process systems, growing standardization and customization balance in EPC driven process equipment design.
The increasing automation in the manufacturing sector is projected to drive the growth of the process equipment market in the forthcoming period. Automation in the manufacturing sector refers to the application of advanced technologies such as robotics, control systems, and computer-based machinery to carry out production processes with minimal human involvement. Automation in the manufacturing sector is increasing due to the rising demand for higher production efficiency as companies seek to manufacture more goods in less time while minimizing errors, reducing labor dependency, and lowering overall operational costs. Process equipment supports automation in the manufacturing sector by facilitating precise, continuous, and controlled production operations through integrated systems that enhance efficiency, consistency, and reliability in automated workflows. For instance, in September 2024, according to the International Federation of Robotics, a Germany-based professional non-profit organization, the number of industrial robots operating in factories worldwide reached 4,281,585 units, marking a 10% increase compared to the previous year. Therefore, the increasing automation in the manufacturing sector is driving the growth of the process equipment market.
Leading companies operating in the process equipment market are focusing on developing innovative products, such as integrated heat pump systems for pasteurizers to reduce energy consumption, lower operating costs, and improve overall process efficiency in food and beverage manufacturing. Integrated heat pump systems for pasteurizers are energy-efficient thermal technologies that recover waste heat from industrial processes and reuse it for pasteurization, helping reduce energy consumption, lower operating costs, and decrease carbon emissions compared to conventional steam- or fuel-based heating systems. For example, in November 2025, Tetra Pak International S.A., a Switzerland-based food processing and packaging solutions company, launched its Tetra Pak Integrated Heat Pump system for pasteurizers, expanding its Factory Sustainable Solutions portfolio. The solution is designed to help food and beverage producers reduce energy consumption and cut operational costs by electrifying and optimizing heat usage in pasteurization processes, marking a significant step beyond conventional thermal processing equipment.
In March 2026, ITT Inc., a US-based industrial manufacturing company, acquired SPX Flow for $4.775 billion. Through this acquisition, International Telephone And Telegraph Corporation sought to enhance its industrial process technologies portfolio and expand its expertise in engineered flow, mixing, separation, and thermal processing equipment across worldwide manufacturing sectors. SPX Flow is a US-based process equipment manufacturer specializing in pumps, valves, mixers, heat exchangers, homogenizers, and other industrial processing solutions for food and beverage, pharmaceutical, chemical, and industrial applications.
Major companies operating in the process equipment market are Siemens AG; Emerson Electric Co.; thyssenkrupp Industrial Solutions; Alfa Laval AB; GEA Group AG; Tetra Pak; Flowserve Corporation; ANDRITZ AG; JBT Marel Corporation; Sulzer Ltd.; Pentair Plc; Buhler AG; SPX Flow Inc.; SPX Technologies; Kovalus Separation Solutions; Isgec Heavy Engineering Ltd.; Godrej and Boyce; Ingersoll Rand Inc.; Ador Welding Ltd.; Artson Engineering; FEECO International Inc.; Process Equipment Corporation; Beepex Corporation Organization; Power Zone Equipment Incorporation; Sunrise Process Equipments
North America was the largest region in the process equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the process equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the process equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The process equipment market consists of sales of heat exchangers, agitators, filtration systems, distillation columns, evaporators, dryers, centrifuges, and storage tanks. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The process equipment market research report is one of a series of new reports from The Business Research Company that provides process equipment market statistics, including process equipment industry global market size, regional shares, competitors with a process equipment market share, detailed process equipment market segments, market trends and opportunities, and any further data you may need to thrive in the process equipment industry. This process equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Process Equipment Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses process equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for process equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The process equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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