It is necessary to control the room acoustically...
Any relatively good pieces of gear can be used.
The main factor is understanding of acoustic concepts and how to use them and modifying them...
Reflections/diffusion/absorption devices in balance and well located...
We can use DSP or mechanical devices to modify the speakers behaviour in the room in relation to a listener location...
We must take control of the pressure zones of the room ( i myself used Helmholtz resonators grid but it is unesthetical and impractical for most people then you must use DSP )
The most important concepts are : Timbre with Reflections/diffusion/absorption ratio and ASW/LV ratio ...If you dont understand what they are you will buy gear upgrades till your death without never creating an immersive soundfield...
The gear pieces must be synergetical, and relatively good pieces (at any price); the focus on the gear impact made by most hide the essential : acoustics concepts and parameters controls including psycho-acoustics...
My low cost system in my first dedicated room gave me a total immersive soundfield completely out of the speakers plane, including my listening position, with in some recording, voices speaking to one of my ears and an orchestra playing behind the speakers at the same time ...Thanks to acoustics basic understanding...(It could have been improved only by Choueiri filters but i was happy as it was)
This experience had nothing to do with my gear design value or power which was good but low cost: vintage speakers (mission Cyrus) and amplifier (Sansui Au 7700), low cost dac (SPS nos)

