The global brewery equipment market is estimated to be valued at USD 16.8 billion in 2018 and is projected to reach USD 24.0 billion by 2025, recording a CAGR of 6.1% from 2019 to 2025.
The demand for brewery equipment is significantly increasing due to factors such as the increasing number of microbreweries and brew pubs and product innovations in the brewery equipment market. High capital, maintenance costs, and rising power and energy costs are projected to inhibit the growth of the brewery equipment market.
The European region is projected to account for the largest market share due to the large beer industry in the region and the presence of leading beer manufacturers. In addition, the increasing presence of craft breweries is projected to drive the North American brewery equipment market.
The market for cooling equipment in macrobreweries is projected to grow at a high rate due to the increasing demand among beer manufacturers. The cooling equipment in macrobreweries is used to maintain the requisite temperature in all the beer tanks. This is the most utilized equipment at various levels of the whole process. It is also used to cool down the wort. Since the equipment witnesses increased demand and temperature fluctuations throughout the year, there is a need for frequent replacement or maintenance of these equipment. Due to these factors, the cooling equipment market is projected to grow at the highest CAGR during the forecast period.
In the craft brewery equipment market, the fermentation equipment segment is projected to be the fastest-growing during the forecast period. During the fermentation process, the wort is kept in the tanks for few weeks and acid is released as a byproduct. Due to this, there are major chances of tank deterioration. Since the tanks are occupied for a longer duration during the process, there can be a requirement of more tanks by craft breweries to increase production. Due to these factors, the fermentation equipment segment is projected to drive the market for brewery equipment during the forecast period.
Key players are Alfa Laval (Sweden), GEA Group (Germany), Krones Group (Germany), Paul Mueller (US), Praj Industries (India), Meura SA (Belgium), Della Toffola (Italy), Criveller Group (US), Kaspar Schulz (Germany), Ningbo Lehui International Engineering Equipment Co., Ltd. (China), Hypro Group (India), and Shanghai Hengcheng Beverage Equipment Co., Ltd. (China).
