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Unlocking Success in the Brewery Industry: An In-Depth Analysis of Market Trends & Opportunities in the Global Brewery Equipment Market || Alfa Laval AB, Della Toffola S.p.A, Krones AG, Paul Mueller Company
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Brewery Equipment Global Market Report 2023 identifies the increasing consumption of beer and other alcoholic beverages is the major driver for the Brewery Equipment market's growth in the forecast period. Oil and gas refer to industries that are involved in discovering a resource, transporting to a refinery, and processing it into a finished product. The boom in oil and gas requires more Brewery Equipment, which would create demand for the market. For instance, according to the U.S. Energy Information Administration, a government agency of the U.S. Federal Statistical System, annual Natural gas plant liquids (NGPLs) production reached a record high of nearly 5.40 million barrels per day in 2021. Therefore, the increasing demand for oil and gas is driving the Brewery Equipment market.
The global brewery equipment market is expected to grow from $17.83 billion in 2022 to $18.98 billion in 2023 at a compound annual growth rate (CAGR) of 6.44%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The brewery equipment market is expected to reach $23.93 billion in 2027 at a CAGR of 5.97%.
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Major competitors in the brewery equipment market are Alfa Laval AB, Della Toffola S.p.A, Krones AG, Paul Mueller Company, GEA Brewery Systems GmbH, Meura, Ningbo Lehui International Engineering Equipment Co Ltd.
A key trend in the brewery equipment market includes technological advancement. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in February 2022, Siemens AG, a Germany-based industrial equipment manufacturing company, introduced BRAUMAT V8, an innovative process control system with storage location management and dosage management capabilities to leverage efficient and flexible mixing process automation in the brewing and beverage industries.
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The brewery equipment market is segmented -
• By Product Type: Fermentation Unit, BrewHouse Unit, Filtration System, Maturation Unit, Other Products
• By Material Type: Brass, Copper, Aluminium
• By Mode Of Operation: Automatic, Manual, Semi-Automatic
• By Application: Macro Brewery, Micro Brewery, Brewpub, Farm Brewery, Regional Breweries, Other Applications
• By End-Use Industry: Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the brewery equipment market.
The Business Research Company's "Global Brewery Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Brewery Equipment Market Include:
1. Executive Summary
2. Brewery Equipment Market Characteristics
3. Brewery Equipment Market Trends And Strategies
4. Brewery Equipment Market - Macro Economic Scenario
5. Brewery Equipment Market Size And Growth
……………
27. Brewery Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Brewery Equipment Market
29. Brewery Equipment Market Future Outlook And Potential Analysis
30. Appendix
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