Process Equipment Market Report 2026

Process Equipment Market Overview

• Process Equipment market size has reached to $77.38 billion in 2025 • Expected to grow to $116.47 billion in 2030 at a compound annual growth rate (CAGR) of 8.6% • Growth Driver: Growing Automation In Manufacturing Sector Is Fueling The Market Growth Due To Rising Demand For Efficient And Continuous Industrial Operations • Market Trend: Technological Advancements Driving Energy-Efficient And Sustainable Food Processing Systems • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Process Equipment Market?

Process equipment refers to the machinery, vessels, and devices used in industrial operations to carry out physical or chemical transformations on materials. It includes items such as reactors, heat exchangers, distillation columns, and storage tanks that are essential for production processes. These systems are designed to ensure efficiency, safety, and consistency in converting raw materials into desired products. The main equipment types of process equipment include conveyor systems, filtration systems, mixers, pumps, compressors, valves, heat exchangers, boilers, cooling towers, and reactors. Conveyor systems refer to mechanical handling equipment used to transport materials efficiently through various stages of industrial processing. These equipment are utilized in methods including mechanical, chemical, and biological processes and are manufactured using materials of construction such as stainless steel equipment, carbon steel equipment, alloy based equipment, and other materials of construction. They are available as continuous process equipment and batch process equipment and are utilized by end users including food and beverage, chemicals and petrochemicals, power generation, oil and gas, metal and mining, and automotive industries.

What Is The Process Equipment Market Growth Forecast?

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.

Global Process Equipment Market Segmentation

1) By Equipment Type: Conveyor Systems; Filtration Systems; Mixers; Pumps; Compressors; Valves; Heat Exchangers; Boilers; Cooling Towers; Reactors 2) By Method: Mechanical; Chemical; Biological 3) By Material Of Construction: Stainless Steel Equipment; Carbon Steel Equipment; Alloy Based Equipment; Other Materials Of Construction 4) By Operation Type: Continuous Process Equipment; Batch Process Equipment 5) By End User: Food And Beverage; Chemicals And Petrochemicals; Power Generation; Oil And Gas; Metal And Mining; Automotive Subsegments: 1) By Conveyor Systems: Belt Conveyor Systems; Roller Conveyor Systems; Chain Conveyor Systems; Screw Conveyor Systems 2) By Filtration Systems: Cartridge Filtration Systems; Bag Filtration Systems; Membrane Filtration Systems; Centrifugal Filtration Systems 3) By Mixers: Batch Mixers; Continuous Mixers; Static Mixers; High Shear Mixers 4) By Pumps: Centrifugal Pumps; Positive Displacement Pumps; Diaphragm Pumps; Gear Pumps 5) By Compressors: Reciprocating Compressors; Rotary Screw Compressors; Centrifugal Compressors; Axial Compressors 6) By Valves: Gate Valves; Ball Valves; Butterfly Valves; Check Valves 7) By Heat Exchangers: Shell And Tube Heat Exchangers; Plate Heat Exchangers; Air Cooled Heat Exchangers; Double Pipe Heat Exchangers 8) By Boilers: Fire Tube Boilers; Water Tube Boilers; Electric Boilers; Condensing Boilers 9) By Cooling Towers: Natural Draft Cooling Towers; Mechanical Draft Cooling Towers; Cross Flow Cooling Towers; Counter Flow Cooling Towers 10) By Reactors: Batch Reactors; Continuous Stirred Tank Reactors; Plug Flow Reactors; Fixed Bed Reactors

What Is The Driver Of The Process Equipment Market?

The growing automation in manufacturing sector is expected to propel the growth of the process equipment market going forward. Automation in the manufacturing sector refers to the use of advanced technologies such as robotics, control systems, and computer-based machinery to perform production processes with minimal human intervention. Automation in the manufacturing sector is rising due to the growing need for higher production efficiency as companies aim to produce more goods in less time while reducing errors, labor dependency, and overall operational costs. Process equipment supports automation in the manufacturing sector by enabling precise, continuous, and controlled production operations through integrated systems that improve 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 globally reached 4,281,585 units, representing a 10% increase compared to the previous year. Therefore, the growing automation in manufacturing sector is driving the growth of the process equipment industry.

Key Players In The Global Process Equipment Market

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; Bühler 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

Global Process Equipment Market Trends and Insights

Major 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 instance, 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.

What Are Latest Mergers And Acquisitions In The Process Equipment Market?

In March 2026, ITT Inc., a US-based industrial manufacturing company, acquired SPX Flow for $4.775 billion. With this acquisition, International Telephone And Telegraph Corporation aimed to strengthen its industrial process technologies portfolio and expand its capabilities in engineered flow, mixing, separation, and thermal processing equipment across global manufacturing industries. SPX Flow is a US-based process equipment manufacturing company that specializes in providing pumps, valves, mixers, heat exchangers, homogenizers, and other industrial processing solutions for food and beverage, pharmaceutical, chemical, and industrial applications.

Regional Outlook

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Process Equipment Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Process Equipment Market Report 2026?

The process equipment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the process equipment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.