Global Spray Drying Equipment Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)
Table of Contents
1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Stakeholders
2. Research & Forecasting
- 2.1. Research Methodology
- 2.1.1. Research Instruments
- 2.1.1.1. Secondary Instrument
- 2.1.1.2. Primary Instrument
- 2.1.2. Research Approaches
- 2.1.2.1. Bottom-up Approach
- 2.1.2.2. Top-down Approach
- 2.1.3. Research Reliability & Validity
- 2.1.4. Research Assumptions
- 2.1.5. Vendor Inclusion Criteria
- 2.1.1. Research Instruments
- 2.2. Forecasting Methodology
- 2.2.1. Methodology for Market Estimation & Forecasting
- 2.2.2. Significance and Importance of the Market Estimation & Forecasting
3. Executive Summary
4. Premium Insight
- 4.1. Market Connectivity
- 4.2. Market Data Feed
- 4.3. Market Vendor Ranking Analysis
- 4.4. Market Dynamics
- 4.4.1. Drivers
- 4.4.2. Restraints
- 4.4.3. Opportunities
- 4.4.4. Challenges
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Threat of New Entrants
- 4.5.2. Threat of Substitutes
- 4.5.3. Bargaining Power of Customers
- 4.5.4. Bargaining Power of Suppliers
- 4.5.5. Industry Rivalry
5. Global Spray Drying Equipment Market, by Cycle Type
- 5.1. Introduction
- 5.2. Closed Cycle
- 5.3. Open Cycle
6. Global Spray Drying Equipment Market, by Drying Stage
- 6.1. Introduction
- 6.2. Multistage
- 6.3. Single Stage
- 6.4. Two Stage
7. Global Spray Drying Equipment Market, by Flow Type
- 7.1. Introduction
- 7.2. Co-Current Flow Spray Dryers
- 7.3. Counter-Current Flow Spray Dryers
- 7.4. Mixed Flow Spray Dryers
8. Global Spray Drying Equipment Market, by Spray Dryer Type
- 8.1. Introduction
- 8.2. Centrifugal Spray Dryer
- 8.3. Closed Loop Spray Dryer
- 8.4. Fluidized Spray Dryer
- 8.5. Nozzle Atomizer Spray Dryer
- 8.6. Rotary Atomizer Spray Dryer
9. Global Spray Drying Equipment Market, by Application
- 9.1. Introduction
- 9.2. Chemicals
- 9.3. Food
- 9.4. Pharmaceuticals
10. Global Spray Drying Equipment Market, by Geography
- 10.1. Introduction
- 10.2. Americas Spray Drying Equipment Market
- 10.2.1. Americas Spray Drying Equipment Market, by Country
- 10.2.1.1. United States
- 10.2.1.2. Brazil
- 10.2.1.3. Canada
- 10.2.1.4. Mexico
- 10.2.1.5. Argentina
- 10.2.2. Americas Spray Drying Equipment Market, by Cycle Type
- 10.2.3. Americas Spray Drying Equipment Market, by Drying Stage
- 10.2.4. Americas Spray Drying Equipment Market, by Flow Type
- 10.2.5. Americas Spray Drying Equipment Market, by Spray Dryer Type
- 10.2.6. Americas Spray Drying Equipment Market, by Application
- 10.2.1. Americas Spray Drying Equipment Market, by Country
- 10.3. Europe, Middle East & Africa Spray Drying Equipment Market
- 10.3.1. Europe, Middle East & Africa Spray Drying Equipment Market, by Country
- 10.3.1.1. United Kingdom
- 10.3.1.2. Germany
- 10.3.1.3. France
- 10.3.1.4. Saudi Arabia
- 10.3.1.5. United Arab Emirates
- 10.3.1.6. Italy
- 10.3.1.7. Russia
- 10.3.2. Europe, Middle East & Africa Spray Drying Equipment Market, by Cycle Type
- 10.3.3. Europe, Middle East & Africa Spray Drying Equipment Market, by Drying Stage
- 10.3.4. Europe, Middle East & Africa Spray Drying Equipment Market, by Flow Type
- 10.3.5. Europe, Middle East & Africa Spray Drying Equipment Market, by Spray Dryer Type
- 10.3.6. Europe, Middle East & Africa Spray Drying Equipment Market, by Application
- 10.3.1. Europe, Middle East & Africa Spray Drying Equipment Market, by Country
- 10.4. Asia-Pacific Spray Drying Equipment Market
- 10.4.1. Asia-Pacific Spray Drying Equipment Market, by Country
- 10.4.1.1. China
- 10.4.1.2. Japan
- 10.4.1.3. India
- 10.4.1.4. Australia
- 10.4.2. Asia-Pacific Spray Drying Equipment Market, by Cycle Type
- 10.4.3. Asia-Pacific Spray Drying Equipment Market, by Drying Stage
- 10.4.4. Asia-Pacific Spray Drying Equipment Market, by Flow Type
- 10.4.5. Asia-Pacific Spray Drying Equipment Market, by Spray Dryer Type
- 10.4.6. Asia-Pacific Spray Drying Equipment Market, by Application
- 10.4.1. Asia-Pacific Spray Drying Equipment Market, by Country
11. Competitive Strategic Window
- 11.1. Introduction
- 11.1.1. Leverage Zone
- 11.1.2. Vantage Zone
- 11.1.3. Speculative Zone
- 11.1.4. Bottleneck Zone
12. FPNV Positioning Matrix
- 12.1. Introduction
- 12.2. Scores
- 12.2.1. Forefront
- 12.2.2. Pathfinders
- 12.2.3. Niche
- 12.2.4. Vital
- 12.3. Business Strategy
- 12.4. Product Satisfaction
13. Competitive News Feed Analysis
14. Company Usability Profiles
- 14.1. Acmefil
- 14.2. Advanced Drying Systems
- 14.3. Büchi Labortechnik
- 14.4. C.E. Rogers
- 14.5. Changzhou Lemar Drying Engineering
- 14.6. Dedert Corporation
- 14.7. European Spraydry Technologies
- 14.8. GEA
- 14.9. Labplant
- 14.10. New Avm Systech
- 14.11. SPX Flow
- 14.12. Shandong Tianli Drying Technology and Equipment
15. Appendix
- 15.1. Top Reports
- 15.2. Author Details
LIST OF TABLES (48 TABLES)
TABLE 1. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, 2016 - 2024 (USD MILLION)
TABLE 2. GLOBAL SPRAY DRYING EQUIPMENT MARKET RANKING, BY VENDORS, 2017
TABLE 3. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2016 - 2024 (USD MILLION)
TABLE 4. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CLOSED CYCLE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 5. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY OPEN CYCLE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 6. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016 - 2024 (USD MILLION)
TABLE 7. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY MULTISTAGE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 8. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY SINGLE STAGE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 9. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY TWO STAGE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 10. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016 - 2024 (USD MILLION)
TABLE 11. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CO-CURRENT FLOW SPRAY DRYERS, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 12. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTER-CURRENT FLOW SPRAY DRYERS, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 13. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY MIXED FLOW SPRAY DRYERS, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 14. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY SPRAY DRYER TYPE, 2016 - 2024 (USD MILLION)
TABLE 15. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CENTRIFUGAL SPRAY DRYER, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 16. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CLOSED LOOP SPRAY DRYER, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 17. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLUIDIZED SPRAY DRYER, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 18. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY NOZZLE ATOMIZER SPRAY DRYER, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 19. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY ROTARY ATOMIZER SPRAY DRYER, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 20. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016 - 2024 (USD MILLION)
TABLE 21. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CHEMICALS, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 22. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY FOOD, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 23. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY PHARMACEUTICALS, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 24. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 25. AMERICAS SPRAY DRYING EQUIPMENT MARKET SIZE, 2016 - 2024 (USD MILLION)
TABLE 26. AMERICAS SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2016 - 2024 (USD MILLION)
TABLE 27. AMERICAS SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016 - 2024 (USD MILLION)
TABLE 28. AMERICAS SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016 - 2024 (USD MILLION)
TABLE 29. AMERICAS SPRAY DRYING EQUIPMENT MARKET SIZE, BY SPRAY DRYER TYPE, 2016 - 2024 (USD MILLION)
TABLE 30. AMERICAS SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016 - 2024 (USD MILLION)
TABLE 31. EUROPE, MIDDLE EAST & AFRICA SPRAY DRYING EQUIPMENT MARKET SIZE, 2016 - 2024 (USD MILLION)
TABLE 32. EUROPE, MIDDLE EAST & AFRICA SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2016 - 2024 (USD MILLION)
TABLE 33. EUROPE, MIDDLE EAST & AFRICA SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016 - 2024 (USD MILLION)
TABLE 34. EUROPE, MIDDLE EAST & AFRICA SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016 - 2024 (USD MILLION)
TABLE 35. EUROPE, MIDDLE EAST & AFRICA SPRAY DRYING EQUIPMENT MARKET SIZE, BY SPRAY DRYER TYPE, 2016 - 2024 (USD MILLION)
TABLE 36. EUROPE, MIDDLE EAST & AFRICA SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016 - 2024 (USD MILLION)
TABLE 37. ASIA-PACIFIC SPRAY DRYING EQUIPMENT MARKET SIZE, 2016 - 2024 (USD MILLION)
TABLE 38. ASIA-PACIFIC SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2016 - 2024 (USD MILLION)
TABLE 39. ASIA-PACIFIC SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2016 - 2024 (USD MILLION)
TABLE 40. ASIA-PACIFIC SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2016 - 2024 (USD MILLION)
TABLE 41. ASIA-PACIFIC SPRAY DRYING EQUIPMENT MARKET SIZE, BY SPRAY DRYER TYPE, 2016 - 2024 (USD MILLION)
TABLE 42. ASIA-PACIFIC SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016 - 2024 (USD MILLION)
TABLE 43. 360IRESEARCH SCORES FOR FOREFRONT IN SPRAY DRYING EQUIPMENT MARKET
TABLE 44. 360IRESEARCH SCORES FOR PATHFINDERS IN SPRAY DRYING EQUIPMENT MARKET
TABLE 45. 360IRESEARCH SCORES FOR NICHE IN SPRAY DRYING EQUIPMENT MARKET
TABLE 46. 360IRESEARCH SCORES FOR VITAL IN SPRAY DRYING EQUIPMENT MARKET
TABLE 47. 360IRESEARCH FPNV POSITIONING MATRIX BUSINESS STRATEGY FOR SPRAY DRYING EQUIPMENT MARKET
TABLE 48. 360IRESEARCH FPNV POSITIONING MATRIX PRODUCT SATISFACTION FOR SPRAY DRYING EQUIPMENT MARKET
LIST OF FIGURES (40 TABLES)
FIGURE 1. GLOBAL SPRAY DRYING EQUIPMENT MARKET: YEARS CONSIDERED FOR THE STUDY
FIGURE 2. GLOBAL SPRAY DRYING EQUIPMENT MARKET: KEY RESEARCH METHODOLOGY
FIGURE 3. GLOBAL SPRAY DRYING EQUIPMENT MARKET: KEY RESEARCH INSTRUMENTS
FIGURE 4. GLOBAL SPRAY DRYING EQUIPMENT MARKET: KEY SECONDARY INSTRUMENT SOURCES
FIGURE 5. GLOBAL SPRAY DRYING EQUIPMENT MARKET: KEY POTENTIAL RESPONDENTS
FIGURE 6. GLOBAL SPRAY DRYING EQUIPMENT MARKET: KEY BREAKDOWN OF PRIMARY INSTRUMENT
FIGURE 7. GLOBAL SPRAY DRYING EQUIPMENT MARKET: KEY RESEARCH APPROACHES
FIGURE 8. GLOBAL SPRAY DRYING EQUIPMENT MARKET: KEY DATA TRIANGULATION
FIGURE 9. GLOBAL SPRAY DRYING EQUIPMENT MARKET: KEY RESEARCH ASSUMPTIONS
FIGURE 10. SPRAY DRYING EQUIPMENT MARKET: KEY MARKET CONNECTIVITY
FIGURE 11. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, 2016 - 2024 (USD MILLION)
FIGURE 12. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CYCLE TYPE, 2017 VS 2024 (USD MILLION)
FIGURE 13. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CLOSED CYCLE, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 14. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY OPEN CYCLE, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 15. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY DRYING STAGE, 2017 VS 2024 (USD MILLION)
FIGURE 16. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY MULTISTAGE, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 17. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY SINGLE STAGE, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 18. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY TWO STAGE, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 19. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLOW TYPE, 2017 VS 2024 (USD MILLION)
FIGURE 20. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CO-CURRENT FLOW SPRAY DRYERS, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 21. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY COUNTER-CURRENT FLOW SPRAY DRYERS, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 22. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY MIXED FLOW SPRAY DRYERS, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 23. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY SPRAY DRYER TYPE, 2017 VS 2024 (USD MILLION)
FIGURE 24. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CENTRIFUGAL SPRAY DRYER, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 25. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CLOSED LOOP SPRAY DRYER, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 26. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY FLUIDIZED SPRAY DRYER, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 27. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY NOZZLE ATOMIZER SPRAY DRYER, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 28. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY ROTARY ATOMIZER SPRAY DRYER, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 29. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY APPLICATION, 2017 VS 2024 (USD MILLION)
FIGURE 30. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY CHEMICALS, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 31. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY FOOD, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 32. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY PHARMACEUTICALS, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 33. GLOBAL SPRAY DRYING EQUIPMENT MARKET SIZE, BY GEOGRAPHY, 2017 (USD MILLION)
FIGURE 34. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL SPRAY DRYING EQUIPMENT MARKET, BY CYCLE TYPE, 2024
FIGURE 35. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL SPRAY DRYING EQUIPMENT MARKET, BY DRYING STAGE, 2024
FIGURE 36. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL SPRAY DRYING EQUIPMENT MARKET, BY FLOW TYPE, 2024
FIGURE 37. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL SPRAY DRYING EQUIPMENT MARKET, BY SPRAY DRYER TYPE, 2024
FIGURE 38. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL SPRAY DRYING EQUIPMENT MARKET, BY APPLICATION, 2024
FIGURE 39. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL SPRAY DRYING EQUIPMENT MARKET, BY GEOGRAPHY, 2024
FIGURE 40. 360IRESEARCH FPNV POSITIONING MATRIX FOR SPRAY DRYING EQUIPMENT MARKET
The global spray drying equipment market is expected to grow from USD 4,045.44 million 2017 to USD 5,764.53 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 5.19%.
On the basis of cycle type, the global spray drying equipment market is studied across Closed Cycle and Open Cycle.
On the basis of drying stage, the global spray drying equipment market is studied across Multistage, Single Stage, and Two Stage.
On the basis of flow type, the global spray drying equipment market is studied across Co-Current Flow Spray Dryers, Counter-Current Flow Spray Dryers, and Mixed Flow Spray Dryers.
On the basis of spray dryer type, the global spray drying equipment market is studied across Centrifugal Spray Dryer, Closed Loop Spray Dryer, Fluidized Spray Dryer, Nozzle Atomizer Spray Dryer, and Rotary Atomizer Spray Dryer.
On the basis of application, the global spray drying equipment market is studied across Chemicals, Food, and Pharmaceuticals.
On the basis of geography, the global spray drying equipment market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).
“Acmefil: The potential growing player for the global spray drying equipment market”
The key players profiled in the global spray drying equipment market are Acmefil, Advanced Drying Systems, Büchi Labortechnik, C.E. Rogers, Changzhou Lemar Drying Engineering, Dedert Corporation, European Spraydry Technologies, GEA, Labplant, New Avm Systech, SPX Flow, and Shandong Tianli Drying Technology and Equipment.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global spray drying equipment market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global spray drying equipment market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global spray drying equipment market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global spray drying equipment market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global spray drying equipment market.