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Static and Rotating Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Nov 01, 2024
Length 250 Pages
SKU # FOB19326517

Description

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
Europe (By Product Type, End-User and Country)
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • Nordics
  • Rest of Europe
Asia Pacific (By Product Type, End-User and Country)
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of Asia Pacific
Middle East & Africa (By Product Type, End-User and Country)
  • Israel
  • Turkey
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
South America (By Product Type, End-User and Country)
  • Brazil
  • Argentina
  • Rest of South America
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Table of Contents

250 Pages
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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