Static and Rotating Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Static and Rotating Equipment Market
The static and rotating equipment market size was valued at USD 29.08 billion in 2023, and the market is now projected to grow from USD 29.84 billion in 2024 to USD 38.90 billion by 2032, exhibiting a CAGR of 3.9%during the forecast period of 2024-2032.
The COVID-19 outbreak had a strong effect on the types and complexity or static and rotating equipment industry as a result of the global supply chain breakdown and the depressed demand from end-use segments such as oil and gas, power generation, and manufacturing. Movement restrictions affected production of items such as recreational and construction equipment and deferment of projects affecting sales and maintenance. Furthermore, since companies aimed to maximize operating efficiency, some put off new capitalized investments and instead, look to get the most out of existing facilities. Despite it, the demand in the market is gradually rising while industrial systems become more stable, using digital technology and automation to improve the reliability and sustainability of products.
The market of both static and rotating equipment top technologies can be considered as innovative since they refer to such aspects as digitalization, the ability to predict equipment failures, and energy efficiency. The IoT and AI development have impacted industries making predictive maintenance solutions, reduce downtime through real-time data about the equipment. Continue, there is a move towards adoption of energy efficiency techniques since industries embrace sustainable energy solutions for compliance with environmental standards. Another is remote monitoring that has evolved enabling operators monitor equipment performance without necessarily being physically nearby thereby increasing service delivery efficiency. When three times hit industries start growing again, the need for automation and better asset management solutions will increase. Thus, all the above mentioned factors are contributing towards the static and rotating equipment market growth.
The upcoming demand area for static and rotating equipment involves industrial development, productivity improvement, innovative solutions, and energy efficiency. Many businesses such as oil and gas companies, power plants, and manufacturing plants are making changes by acquiring new equipment so as to lower equipment failure rates. Costs are already driving the uptake of energy management and condition monitoring to enhance efficiency and reduce cost of maintenance. Furthermore, the digitalization on industries and integration of the IoT systems is helping industries needed for real time monitoring and thus improving the productivity and management of its assets which in turn helps in driving the growth of the market.
Comprehensive Analysis Static and Rotating Equipment Market
The global static and rotating equipment market is further split by equipment type and application. Heat exchangers, valves, boilers, furnaces as well as heat exchangers and other specialized items are among the static equipments. Rotating equipments include pumps, compressors, turbines, and other equipment helps for movement and flow. The market is further segmented by application in to upstream process in the oil and flare gas industry, midstream processing and downstream process. Based on the geographical location of the application, the segmentation is the onshore and the offshore segment, each of which has certain operational necessities and performance needs thus impacting equipment necessary and advancement.
The Asia-Pacific region is the largest market for the static and rotating equipment, which is mainly attributed rapid industrialization and infrastructure development in the emerging economies such as China and India. Increased investments in upstream and downstream oil and gas businesses, power plants and chemical sectors drive requirements for static as well as dynamic equipment. Also, the adherence to energy efficient systems and the rising environmental constrictions compel firms in this region to improve and enhance equipment. North America and European regions also contribute significantly, with focus on technology and environmentalism; Nevertheless, Asia-Pacific region shows quick development and leads the market.
The key players in the market include TechnipFMC (United Kingdom), Alfa Laval (Sweden), Atlas Copco (Sweden), General Electric (United States), Siemens AG (Germany), Metso Oyj (Finland), Sulzer Ltd. (Switzerland), Pentair Plc. (United States)
Special trends in the rotating equipment market pump in 2024 are distinguished, which are focused on digitalization and energy efficiency. Smart pumps, on the internet of things (IoT) and AI incorporated are becoming popular because of their capabilities to provide predictive maintenance services, monitoring services in real-time and energy-efficient performance due to the change in flow rates according to the demand. These features cuts operational cost and time hence popular in water treatment, oil & gas and HVAC industries. Further, concerns for environment are leading towards environmentally friendly materials and designs, to ensure greater acceptance of efficient pump designing and production throughout the world.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2019-2030
Base Year
2022
Estimated Year
2023
Forecast Period
2023-2030
Historical Period
2019-2021
Growth Rate
CAGR of 6.1% from 2023 to 2030
Unit
Value (USD million)
Segmentation
By Product Type, End-User, and Region
Segmentation
By Product Type
Rolling Flat Dies
Thread Rolling Cylindrical Dies
Rotary Type Thread Rolling Dies
Rack Type Rolling Dies
Trimming Dies
Round Dies
Others (Drill Point Dies)
By End-User
Automotive
White Goods
Medical
Cutlery
Consumer Electronics
General Engineering
Others (Marine)
By Region
North America (By Product Type, End-User and Country)
- U.S.
- Canada
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- BENELUX
- Nordics
- Rest of Europe
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
- Israel
- Turkey
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
- Brazil
- Argentina
- Rest of South America
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 5. Qualitative Analysis – Impact of COVID-19
- 5.1. Impact of COVID-19 on the Static and Rotating Equipment Market
- 5.2. Steps Taken by the Government to Overcome the Impact
- 5.3. Key Developments by Industry Players in Response to COVID-19
- 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
- 6. Global Static and Rotating Equipment Market Analysis (USD Billion), Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Static Equipment
- 6.2.1.1. Heat Exchangers
- 6.2.1.2. Boilers
- 6.2.1.3. Furnaces
- 6.2.1.4. Valves
- 6.2.1.5. Others
- 6.2.2. Rotating Equipment
- 6.2.2.1. Pumps
- 6.2.2.2. Compressors
- 6.2.2.3. Turbines
- 6.2.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Upstream
- 6.3.2. Midstream
- 6.3.3. Downstream
- 6.4. Market Analysis, Insights and Forecast – By Location
- 6.4.1. Onshore
- 6.4.2. Offshore
- 6.5. Market Analysis, Insights and Forecast – By Region
- 6.5.1. North America
- 6.5.2. Europe
- 6.5.3. Asia Pacific
- 6.5.4. Latin America
- 6.5.5. Middle East & Africa
- 7. North America Static and Rotating Equipment Market Analysis (USD Billion), Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Static Equipment
- 7.2.1.1. Heat Exchangers
- 7.2.1.2. Boilers
- 7.2.1.3. Furnaces
- 7.2.1.4. Valves
- 7.2.1.5. Others
- 7.2.2. Rotating Equipment
- 7.2.2.1. Pumps
- 7.2.2.2. Compressors
- 7.2.2.3. Turbines
- 7.2.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Upstream
- 7.3.2. Midstream
- 7.3.3. Downstream
- 7.4. Market Analysis, Insights and Forecast – By Location
- 7.4.1. Onshore
- 7.4.2. Offshore
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. U.S. Market Analysis and Forecast – By Application
- 7.5.1.1. Upstream
- 7.5.1.2. Midstream
- 7.5.1.3. Downstream
- 7.5.2. Canada Market Analysis and Forecast – By Application
- 7.5.2.1. Upstream
- 7.5.2.2. Midstream
- 7.5.2.3. Downstream
- 8. Europe Static and Rotating Equipment Market Analysis (USD Billion), Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Static Equipment
- 8.2.1.1. Heat Exchangers
- 8.2.1.2. Boilers
- 8.2.1.3. Furnaces
- 8.2.1.4. Valves
- 8.2.1.5. Others
- 8.2.2. Rotating Equipment
- 8.2.2.1. Pumps
- 8.2.2.2. Compressors
- 8.2.2.3. Turbines
- 8.2.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Upstream
- 8.3.2. Midstream
- 8.3.3. Downstream
- 8.4. Market Analysis, Insights and Forecast – By Location
- 8.4.1. Onshore
- 8.4.2. Offshore
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. Russia Market Analysis and Forecast – By Application
- 8.5.1.1. Upstream
- 8.5.1.2. Midstream
- 8.5.1.3. Downstream
- 8.5.2. Norway Market Analysis and Forecast – By Application
- 8.5.2.1. Upstream
- 8.5.2.2. Midstream
- 8.5.2.3. Downstream
- 8.5.3. UK Market Analysis and Forecast – By Application
- 8.5.3.1. Upstream
- 8.5.3.2. Midstream
- 8.5.3.3. Downstream
- 8.5.4. Denmark Market Analysis and Forecast – By Application
- 8.5.4.1. Upstream
- 8.5.4.2. Midstream
- 8.5.4.3. Downstream
- 8.5.5. Germany Market Analysis and Forecast – By Application
- 8.5.5.1. Upstream
- 8.5.5.2. Midstream
- 8.5.5.3. Downstream
- 8.5.6. Rest of Europe Market Analysis and Forecast – By Application
- 8.5.6.1. Upstream
- 8.5.6.2. Midstream
- 8.5.6.3. Downstream
- 9. Asia Pacific Static and Rotating Equipment Market Analysis (USD Billion), Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Static Equipment
- 9.2.1.1. Heat Exchangers
- 9.2.1.2. Boilers
- 9.2.1.3. Furnaces
- 9.2.1.4. Valves
- 9.2.1.5. Others
- 9.2.2. Rotating Equipment
- 9.2.2.1. Pumps
- 9.2.2.2. Compressors
- 9.2.2.3. Turbines
- 9.2.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Upstream
- 9.3.2. Midstream
- 9.3.3. Downstream
- 9.4. Market Analysis, Insights and Forecast – By Location
- 9.4.1. Onshore
- 9.4.2. Offshore
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China Market Analysis and Forecast – By Application
- 9.5.1.1. Upstream
- 9.5.1.2. Midstream
- 9.5.1.3. Downstream
- 9.5.2. India Market Analysis and Forecast – By Application
- 9.5.2.1. Upstream
- 9.5.2.2. Midstream
- 9.5.2.3. Downstream
- 9.5.3. Australia Market Analysis and Forecast – By Application
- 9.5.3.1. Upstream
- 9.5.3.2. Midstream
- 9.5.3.3. Downstream
- 9.5.4. Southeast Asia Market Analysis and Forecast – By Application
- 9.5.4.1. Upstream
- 9.5.4.2. Midstream
- 9.5.4.3. Downstream
- 9.5.5. Rest of Asia Pacific Market Analysis and Forecast – By Application
- 9.5.5.1. Upstream
- 9.5.5.2. Midstream
- 9.5.5.3. Downstream
- 10. Latin America Static and Rotating Equipment Market Analysis (USD Billion), Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Static Equipment
- 10.2.1.1. Heat Exchangers
- 10.2.1.2. Boilers
- 10.2.1.3. Furnaces
- 10.2.1.4. Valves
- 10.2.1.5. Others
- 10.2.2. Rotating Equipment
- 10.2.2.1. Pumps
- 10.2.2.2. Compressors
- 10.2.2.3. Turbines
- 10.2.2.4. Others
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Upstream
- 10.3.2. Midstream
- 10.3.3. Downstream
- 10.4. Market Analysis, Insights and Forecast – By Location
- 10.4.1. Onshore
- 10.4.2. Offshore
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. Brazil Market Analysis and Forecast – By Application
- 10.5.1.1. Upstream
- 10.5.1.2. Midstream
- 10.5.1.3. Downstream
- 10.5.2. Venezuela Market Analysis and Forecast – By Application
- 10.5.2.1. Upstream
- 10.5.2.2. Midstream
- 10.5.2.3. Downstream
- 10.5.3. Mexico Market Analysis and Forecast – By Application
- 10.5.3.1. Upstream
- 10.5.3.2. Midstream
- 10.5.3.3. Downstream
- 10.5.4. Rest of Latin America Market Analysis and Forecast – By Application
- 10.5.4.1. Upstream
- 10.5.4.2. Midstream
- 10.5.4.3. Downstream
- 11. Middle East & Africa Static and Rotating Equipment Market Analysis (USD Billion), Insights and Forecast, 2017-2028
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast – By Type
- 11.2.1. Static Equipment
- 11.2.1.1. Heat Exchangers
- 11.2.1.2. Boilers
- 11.2.1.3. Furnaces
- 11.2.1.4. Valves
- 11.2.1.5. Others
- 11.2.2. Rotating Equipment
- 11.2.2.1. Pumps
- 11.2.2.2. Compressors
- 11.2.2.3. Turbines
- 11.2.2.4. Others
- 11.3. Market Analysis, Insights and Forecast – By Application
- 11.3.1. Upstream
- 11.3.2. Midstream
- 11.3.3. Downstream
- 11.4. Market Analysis, Insights and Forecast – By Location
- 11.4.1. Onshore
- 11.4.2. Offshore
- 11.5. Market Analysis, Insights and Forecast – By Country
- 11.5.1. GCC Market Analysis and Forecast – By Application
- 11.5.1.1. Upstream
- 11.5.1.2. Midstream
- 11.5.1.3. Downstream
- 11.5.2. South Africa Market Analysis and Forecast – By Application
- 11.5.2.1. Upstream
- 11.5.2.2. Midstream
- 11.5.2.3. Downstream
- 11.5.3. Nigeria Market Analysis and Forecast – By Application
- 11.5.3.1. Upstream
- 11.5.3.2. Midstream
- 11.5.3.3. Downstream
- 11.5.4. Rest of Middle East & Africa Market Analysis and Forecast – By Application
- 11.5.4.1. Upstream
- 11.5.4.2. Midstream
- 11.5.4.3. Downstream
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, 2020
- 12.2. Company Profile
- 12.2.1. TechnipFMC
- 12.2.1.1. Business Overview
- 12.2.1.2. Product & Service Offering
- 12.2.1.3. Overall Revenue
- 12.2.1.4. Geographic Presence
- 12.2.1.5. Recent Development
- 12.2.2. Alfa Laval
- 12.2.2.1. Business Overview
- 12.2.2.2. Product & Service Offering
- 12.2.2.3. Overall Revenue
- 12.2.2.4. Geographic Presence
- 12.2.2.5. Recent Development
- 12.2.3. Atlas Copco
- 12.2.3.1. Business Overview
- 12.2.3.2. Product & Service Offering
- 12.2.3.3. Overall Revenue
- 12.2.3.4. Geographic Presence
- 12.2.3.5. Recent Development
- 12.2.4. General Electric
- 12.2.4.1. Business Overview
- 12.2.4.2. Product & Service Offering
- 12.2.4.3. Overall Revenue
- 12.2.4.4. Geographic Presence
- 12.2.4.5. Recent Development
- 12.2.5. Siemens AG
- 12.2.5.1. Business Overview
- 12.2.5.2. Product & Service Offering
- 12.2.5.3. Overall Revenue
- 12.2.5.4. Geographic Presence
- 12.2.5.5. Recent Development
- 12.2.6. Metso Oyj
- 12.2.6.1. Business Overview
- 12.2.6.2. Product & Service Offering
- 12.2.6.3. Overall Revenue
- 12.2.6.4. Geographic Presence
- 12.2.6.5. Recent Development
- 12.2.7. Sulzer Ltd.
- 12.2.7.1. Business Overview
- 12.2.7.2. Product & Service Offering
- 12.2.7.3. Overall Revenue
- 12.2.7.4. Geographic Presence
- 12.2.7.5. Recent Development
- 12.2.8. Pentair Plc.
- 12.2.8.1. Business Overview
- 12.2.8.2. Product & Service Offering
- 12.2.8.3. Overall Revenue
- 12.2.8.4. Geographic Presence
- 12.2.8.5. Recent Development
- 12.2.9. Flowserve Corporation
- 12.2.9.1. Business Overview
- 12.2.9.2. Product & Service Offering
- 12.2.9.3. Overall Revenue
- 12.2.9.4. Geographic Presence
- 12.2.9.5. Recent Development
- 12.2.10. Wartsila Oyj Abp
- 12.2.10.1. Business Overview
- 12.2.10.2. Product & Service Offering
- 12.2.10.3. Overall Revenue
- 12.2.10.4. Geographic Presence
- 12.2.10.5. Recent Development
- 12.2.11. OAO TMK
- 12.2.11.1. Business Overview
- 12.2.11.2. Product & Service Offering
- 12.2.11.3. Overall Revenue
- 12.2.11.4. Geographic Presence
- 12.2.11.5. Recent Development
- 12.2.12. Doosan Group
- 12.2.12.1. Business Overview
- 12.2.12.2. Product & Service Offering
- 12.2.12.3. Overall Revenue
- 12.2.12.4. Geographic Presence
- 12.2.12.5. Recent Development
- 12.2.13. Mitsubishi Heavy Industries
- 12.2.13.1. Business Overview
- 12.2.13.2. Product & Service Offering
- 12.2.13.3. Overall Revenue
- 12.2.13.4. Geographic Presence
- 12.2.13.5. Recent Development
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