Equipment Industry

  Mechanical, Electrical, and Plumbing Services Category Overview The global mechanical, electrical, and plumbing services (MEP) category is anticipated to grow at a CAGR of 11.58% from 2023 to 2030. Key drivers that fuel the growth of global category include rise of construction sector due to rapid urbanization, increasing focus on energy efficiency and sustainability of buildings, need for developed economies to improve their current infrastructure and the growing infrastructure development in emerging economies, and stringent building regulations. However, growth of the category can be hindered by factors such as high costs, workforce shortages, complicated regulatory compliance, and a sluggish uptake of new technology. Implementation of services offered in the category can be expensive, which acts as a challenge for projects with tight budgets. In addition, lack of labor can raise expenses and cause project deadlines to slip. Furthermore, complying with intricate regulatory re...

  Positive Displacement Pumps Industry | Forecast 2030 The economic value generated by the positive displacement pump industry was estimated at approximately USD 18.35 billion in 2022. The demand from various industries such as oil & gas, chemicals, pharmaceuticals, and water treatment is driving this market’s growth. Positive displacement pumps, known for their precision and ability to handle a wide range of fluids, were increasingly adopted for critical applications where accuracy and reliability were paramount. Technological advancements, including the integration of smart and energy-efficient features, were enhancing the overall outlook of the sector. However, the specific outlook can be influenced by economic conditions, technological developments, and industry trends, so it is advisable to check more recent sources for the latest information. Positive displacement pumps transfer the fluid mechanically by repeatedly enclosing a fixed volume with the help of seals or valv...

Industrial Valves Category Overview The industrial valves category is anticipated to grow at a CAGR of 5.7% from 2023 to 2030. The growth in the category is mainly driven by the rising usage of valves in power, oil & gas, metalworking, and chemical industries. To keep up with the growing demand, valve producers must lower fabrication costs while keeping up with the industry’s trends and innovation. Innovations such as control valves, smart valves, automatic valves, and valves with integrated electronics are expected to drive the category demand. Automatic valves encompassing electric, hydraulic, pneumatic, solenoid, and digital mechanisms are increasingly favored by manufacturing facilities seeking unmanned operations with precise flow control. The primary benefit associated with automatic valves lies in their advanced preventive maintenance capability, effectively reducing the frequency of operational disruptions compared to traditional valves.   Order your copy of the Indust...