The static and rotating equipment market has been demonstrating a robust growth trajectory recently and is expected to grow further from $27.42 billion in 2024 to $29.01 billion in 2025, showing a compound annual growth rate (CAGR) of 5.8%. Factors such as power generation needs, focus on operational efficiency, growing industrialization, infrastructure development, and economic growth in emerging markets, replacement, and upgradation needs can be attributed to this ascension.
The outlook remains optimistic for the coming years too, as the market size is projected to catapult to $37.08 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. This forward poppet is likely to be fueled by a global emphasis on emission reduction, growing investments in LNG and petrochemical projects, globalization of manufacturing, and expansion of downstream processing.
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What is Driving The Escalation in Static And Rotating Equipment Market?
The significant rise in the adoption of renewable energy sources, intended towards lesser carbon footprints, is acting as a key growth driver in propelling the static and rotating equipment market. Static and rotating equipment is gaining momentum in renewable energy projects as these gadgets help in optimizing the utilization of wind and solar energy, minimizing the usage of fossil fuels including natural gas.
What Are The Core Segments Constituting The Static And Rotating Equipment Market?
Major segments of this thriving market can be categorized into the following divisions:
1) Product Type: Oil And Gas Static Equipment, Oil And Gas Rotating Equipment
2) Static Equipment: Valves, Boilers, Furnaces, Heat Exchangers
3) Rotating Equipment: Compressors, Turbines, Pumps
4) Application: Upstream, Midstream, Downstream
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Which Are The Industry Titans In The Static And Rotating Equipment Market?
Key players operating in the static and rotating equipment market include 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., and Tenaris S.A., among others.
Which New Market Trends Are Emerging In The Static And Rotating Equipment Market?
One emerging trend that’s gaining traction in the static and rotating equipment market is the integration of technological advancements. Many market-leading companies are focusing on introducing new technologies to enhance their market position.
What Is The Market Landscape of The Static And Rotating Equipment Market In Different Geographies?
In 2024, North America held the lion’s share in the static and rotating equipment market. Looking forward, the growth prognosis also includes promising growth in Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Is The ‘Static And Rotating Equipment Market Report 2025’ Offering to The Readers?
The market report encapsulates detailed insights on global market size, growth rates, regional shares, competitor analysis, key segments, trends, and potential opportunities. Static and rotating equipment aids in the transportation of fluids, gases, and other materials via kinetic energy, and is extensively used in oil and gas industries.
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