Static and Rotating Equipment Market Size, Share, Growth Report 2032

The global static and rotating equipment market size was worth around USD 28.75 billion in 2023 and is predicted to grow to around USD 40.07 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.76% between 2024 and 2032.

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The report covers a forecast and an analysis for the Static and Rotating Equipment (Oil and Gas) market on a global and regional level. The study provides historical data for 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

Static and Rotating Equipment Market: Overview

Static equipment, also called fixed equipment, is non-moving equipment that is generally used in the oil and gas industry. These are subjected to extreme operating conditions and fluctuating damage mechanisms while operating in the oil and gas industry. Additionally, unlike other equipment used in the oil and gas industry, the static equipment lacks sensors for their maintenance. Rotating equipment generally move solids, gases, or liquids through an assembly of components, drivers, auxiliary equipment, and transmission devices. Rotating equipment is best utilized for processing in the oil and gas industry. The static and rotating devices are an integral part of the oil and gas industry.

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The static and rotating equipment (oil and gas) market is likely to experience good growth globally in the upcoming years. The ongoing developments witnessed in the oil and gas sector are likely to propel this market in the future. Recently, the demand for oil and gas in the energy and construction sector globally is on the rise. The construction of new oil refineries and factories to meet the increasing demand for oil and the offshore exploration and production activities in the Gulf regions are anticipated to further drive the static and rotating equipment (oil and gas) market. Additionally, upstream, midstream and downstream activities are heavily dependent on static and rotatory equipment and the ongoing investments in the oil and gas industry in the Middle East and African region are projected to further propel this market in the future. However, the fluctuating oil prices might limit this market’s future growth.

The study includes drivers and restraints for the Static and Rotating Equipment (Oil and Gas) market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Static and Rotating Equipment (Oil and Gas) market on a global level.

In order to give the users of this report a comprehensive view of the Static and Rotating Equipment (Oil and Gas) market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

Static and Rotating Equipment Market: Segmentation

The study provides a decisive view of the Static and Rotating Equipment market is segmented based on type, application and region.  All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

Based on the type, the global market is bifurcated into static equipment and rotating equipment. The static equipment is segmented as Valves, Boilers, Heat Exchangers, And Furnaces. The rotating equipment segemented as Compressors, Turbines, And Pumps.

Based on the application, global market is bifurcated into Upstream, Midstream, and Downstream.

Static And Rotating Equipment Market: Report Scope

Static and Rotating Equipment Market: Regional Analysis

By region, this global market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North America region held a significant share in the global static and rotating equipment (oil and gas) market in 2023. The region is likely to continue its dominance over the forecast timeframe as well, due to the increased number of new oil and gas projects in Canada, the re-opening of exploration and production of offshore activities in the Gulf of Mexico, and the growing drilling activities for shale gas production in the LNG sector. The Middle Eastern and African region is predicted to provide significant growth opportunities for this market in the future, owing to the substantial investments made by organizations for the development of region’s static and rotating equipment (oil and gas) market. Moreover, Nigeria and other GCC countries are expected to increase their current production level to meet the global oil and gas demand, which, in turn, are anticipated to drive this regional market in the upcoming years.

Static and Rotating Equipment Market: Competitive Analysis

The report also includes detailed profiles of various end players, such as:

• Metso Oyj
• Alfa Laval AB
• Pentair plc
• General Electric Company
• Atlas Copco AB
• Siemens AG
• Tenaris S.A.
• Sulzer Limited
• OAO TMK
• FMC Technologies Inc.
• Technip SA
• Flowserve Corporation
• Among Others

The Global Static and Rotating Equipment (Oil and Gas) Market is segmented as follows:

By Type

• Static Equipment
  • Valves
  • Boilers
  • Furnaces
  • Heat Exchangers

• Rotating Equipment
  • Compressors
  • Turbines
  • Pumps

By Application

• Upstream
• Midstream
• Downstream

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa