Global Static and Rotating Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
-
9797
-
May 2023
-
185
-
-
This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
-
Quick Navigation
Global Static and Rotating Equipment Market: Overview
"The Static and Rotating Equipment Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Rotating equipment moves liquids, solids, or gases through a system of drivers, driven components, transmission devices, and auxiliary equipment.
Rapid industrialization in developed and developing countries, coupled with increasing oil & gas exploration activities across the globe, is a key factor expected to drive the growth of the global static and rotating equipment market. In addition, increasing government expenditure on the oil & gas sector and increasing focus on drilling of shale wells across developed countries are other factors expected to support the growth of the global market to a certain extent.
However, the high investment cost is a major factor expected to hamper the growth of the global static and rotating equipment market to a certain extent.
Technological advancements in equipment and increasing investment in exploration activities by major players are some factors expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period.
Global Static and Rotating Equipment Market: Segment Overview
The rotatory equipment segment in the global static and rotating equipment market is segmented on the basis of compressors, turbines, and pumps. The pumps segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing demand for pumps by upstream and midstream sectors, and robust requirement for secondary recovery techniques, which requires artificial lift systems, is expected driver demand for pumps over the forecast period.
Global Static and Rotating Equipment Market: Region Analysis
The market in North America is expected to dominate the global static and rotating equipment market and is expected to continue its dominance over the forecast period. This dominance can be attributed to increasing government expenditure on oil and presence of major players operating in the countries in this region. In addition, increasing excavation of new oil sands in countries such as Canada, coupled with construction of new facilities in the country is expected to further support growth of the market to certain extent in this region. The market in Europe is expected to contribute significant revenue share in the global market. The market in Asia Pacific is expected to witness faster growth, owing to rising investment, increasing government initiatives in order to improve the infrastructure and enhance the exploration of LNG, and presence of prominent players operating in the emerging economies such as China and India in this region.
The market in Latin America is expected to witness moderate growth, owing to re-opening of offshore exploration and production activities in the Gulf of Mexico and increasing presence of key player operating in the countries in this region. In addition, privatization of the hydrocarbons sector in Mexico is another factor expected to boost growth of the growth of the market in this region.
Global Static and Rotating Equipment Market Segmentation:
By Static Equipment:
- Valves
- Boilers
- Furnaces
- Heat Exchangers
By Rotating Equipment:
- Compressors
- Turbines
- Pumps
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
-
- Metso Oyj
- Alfa Laval AB
- Pentair plc.
- General Electric Company
- Atlas Copco AB
- Siemens AG
- Tenaris S.A.
- Sulzer Limited
- OAO TMK
- FMC Technologies Inc.
- Technip SA
- Flowserve Corporation
Our Clients
View Our Licence Options
