Global Static and Rotating Equipment Market Overview –
It is projected that the size of the Global Static and Rotating Equipment Market will reach $90.1 billion by 2026, and it is estimated that it will grow at a CAGR of 3.61 percent during the forecast period of 2021-2026. Additionally, it is projected that the size of the Service market will reach $26.2 billion by 2026, growing at around a CAGR of 4.2 percent between 2021 and 2026. The rapid industrialization of the world’s economies, as well as the rising number of activities relate to the exploration of oil and gas, are major contributors to the expansion of the market for rotating equipment and services. This expansion is in response to the rising demand for energy across the world. The increasing adoption of IoTs in the industrial sector to gain real-time actionable insights and increase the efficiency of equipment has also contribute to the growth of the market.
Market Dynamics –
Rapid industrialization in both developed and developing countries, as well as increase oil and gas exploration activities around the world, are expected to drive growth in the global market for static and rotating equipment. This growth is expect to occur over the next few years.
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In addition, government spending on the oil and gas industry, as well as an increased emphasis on drilling shale wells across developing countries, are anticipated to assist in the expansion of the global market to some degree. However, the high cost of investment require for both static and rotary equipment is likely to act as a barrier to market expansion during the period coverer by the forecast.
Market Scope –
The “Global Static and Rotating Equipment Market Analysis to 2028” is a specialize and in-depth study of the Static and rotating equipment Market with a special focus on the global market trend analysis. The report aims to provide an overview of Static and rotating equipment market with detail market segmentation by static equipment, rotating equipment and application.
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The report provides key statistics on the market status of the leading static and rotating equipment market player and offers key trends and opportunities in the static and rotating equipment market.
Key players –
GE
pentair
Alfa Laval
Mitsubishi Heavy Industries
Sulzer
OAO
wartsila
Flowserve Corporation
Siemens
Atlas Copco
TechnipFMC
By Type –
Valves
Boilers
Furnaces
Heat Exchangers
By Applications –
Compressors
Turbines
Pumps
By Region –
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
