Overview and Scope
Static and rotating equipment refers to the equipment and machinery that uses kinetic energy to transport fluids, gases, and other materials. It includes turbines, pumps, generators, compressors, and engines. Static and rotating equipment are used in the oil and gas industries to transfer fluids, gases, and other materials using kinetic energy.
Sizing and Forecast
The static and rotating equipment market size has grown strongly in recent years. It will grow from $26.05 billion in 2023 to $27.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to power generation needs, focus on operational efficiency, growing industrialization, infrastructure development, economic growth in emerging markets, replacement and upgradation needs..
The static and rotating equipment market size is expected to see strong growth in the next few years. It will grow to $34.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing renewable energy projects, demand for lng infrastructure, global emphasis on emission reduction, focus on predictive maintenance, growing investments in lng and petrochemical projects, globalization of manufacturing, expansion of downstream processing.. Major trends in the forecast period include digitalization and industry 4.0 integration, remote monitoring and maintenance, adoption of 3d printing/additive manufacturing, innovations in materials and coatings, strategic alliances and partnerships..
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Segmentation & Regional Insights
The static and rotating equipment market covered in this report is segmented –
1) By Product Type: Oil and Gas Static Equipment, Oil and Gas Rotating Equipment
2) By Static Equipment: Valves, Boilers, Furnaces, Heat Exchangers
3) By Rotating Equipment: Compressors, Turbines, Pumps
4) By Application: Upstream, Midstream, Downstream
Top 5 Major Players:
- Alfa Laval AB
- Atlas Copco AB
- Pentair PLC
- General Electric Company
- Metso Oyj
North America was the largest region in the static and rotating equipment market in 2023. The regions covered in the static and rotating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising popularity and adoption of renewable energy sources to reduce the carbon footprint is expected to propel the growth of the static and rotating equipment market going forward. Renewable energy refers to energy generated from naturally replenished sources such as the sun and wind. Static and rotating equipment has been used in renewable energy to optimize the utilization of wind and solar energy while using as few fossil fuels as possible, including natural gas. For instance, in December 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, renewables are expected to account for about 95% of the increase in worldwide power capacity until 2026, with solar PV alone accounting for more than half. The amount of renewable capacity is estimated to increase by 50% in 2021 and 2026. Therefore, the rising popularity and adoption of renewable energy sources to reduce the carbon footprint is driving the growth of the static and rotating equipment markets.
Key Industry Players
Major companies operating in the static and rotating equipment market report are Alfa Laval AB, Atlas Copco AB, Pentair plc, General Electric Company, Metso Oyj, Siemens AG, Sulzer Limited, TechnipFMC Inc., OAO TMK Group, Technip SA, Flowserve Corporation, Doosan Group, Wärtsilä Corporation, Mitsubishi Heavy Industries Ltd., Tenaris S.A., NES Company Inc., Ingersoll Rand Inc., Gardner Denver Inc., Dresser-Rand Group Inc., Weir Group plc, KSB SE & Co. KGaA, SPX FLOW Inc., John Crane plc, ITT Inc., Ebara Corporation, Kobe Steel Ltd., Voith GmbH & Co. KGaA, Baker Hughes Company, National Oilwell Varco Inc., Aker Solutions ASA, Cameron International Corporation, Schlumberger Limited, Emerson Electric Co., Honeywell International Inc., Parker Hannifin Corporation, Danfoss A/S, Swagelok Company, Spirax-Sarco Engineering plc, Armstrong International Inc.
The static and rotating equipment market report table of contents includes:
1. Executive Summary
2. Static And Rotating Equipment Market Characteristics
3. Static And Rotating Equipment Market Trends And Strategies
4. Static And Rotating Equipment Market – Macro Economic Scenario
5. Global Static And Rotating Equipment Market Size and Growth
…..
31. Global Static And Rotating Equipment Market Competitive Benchmarking
32. Global Static And Rotating Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Static And Rotating Equipment Market
34. Static And Rotating Equipment Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Static And Rotating Equipment Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Static And Rotating Equipment Market, Segmentation By Static Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Static And Rotating Equipment Market, Segmentation By Rotating Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 75: Alfa Laval AB Financial Performance
Table 76: Atlas Copco AB Financial Performance
Table 77: Pentair plc Financial Performance
Table 78: General Electric Company Financial Performance
Table 79: Metso Oyj Financial Performance
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