Static And Rotating Equipment Market Opportunities, Comprehensive Analysis, Key Strategies, Business Growth and Industry Trends || Alfa Laval AB, Atlas Copco AB, Pentair plc, General Electric Company, Metso Oyj

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's static and rotating equipment Global Market Report 2023 identifies the rising popularity and adoption of renewable energy sources to reduce the carbon footprint as the major driver for the static and rotating equipment market's growth in the forecast period. Renewable energy refers to energy generated from naturally replenished sources such as the sun and wind. Static and rotating equipment has been used in renewable energy to optimize the utilization of wind and solar energy while using as few fossil fuels as possible, including natural gas. For instance, in December 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, renewables are expected to account for about 95% of the increase in worldwide power capacity until 2026, with solar PV alone accounting for more than half. The amount of renewable capacity is estimated to increase by 50% in 2021 and 2026.

The global static and rotating equipment market size is expected to grow from $24.00 billion in 2022 to $26.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The static and rotating equipment market size is expected to reach $32.42 billion in 2027 at a CAGR of 5.4%.

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Major competitors in the static and rotating equipment market are Alfa Laval AB, Atlas Copco AB, Pentair plc, General Electric Company, Metso Oyj, Siemens AG, Sulzer Limited, FMC Technologies Inc., OAO TMK.

A key trend in the Static And Rotating Equipment market includes technological advancements. Major companies operating in the static and rotating equipment market are focused on innovating new technologies to sustain their position in the market. For instance, in May 2022, Schneider Electric, a France-based multinational company specializing in digital automation and energy management, launched EcoStruxureTM, an asset advisor for electrical distribution and rotating equipment. It has the potential to enhance output and reduce downtime by up to 15 hours per week for any essential rotating equipment, such as motors, compressors, and pumps. Using EcoStruxtureTM Asset Advisor, users can remotely monitor equipment for condition-based maintenance and safety (EAA). It includes modern cloud-based analytics tools that are fed with data and digital insights to help discover problems before they cause equipment failure.

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The Static And Rotating Equipment market is segmented -

• Product Type: Oil and Gas Static Equipment, Oil and Gas Rotating Equipment

• By Static Equipment: Valves, Boilers, Furnaces, Heat Exchangers

• Rotating Equipment: Compressors, Turbines, Pumps

• By Application: Upstream, Midstream, Downstream

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the static and rotating equipment market

The Business Research Company's "Global Static And Rotating Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Static And Rotating Equipment Market Include:
1. Executive Summary
2. Static And Rotating Equipment Market Characteristics
3. Static And Rotating Equipment Market Trends And Strategies
4. Static And Rotating Equipment Market - Macro Economic Scenario
5. Static And Rotating Equipment Market Size And Growth
……………
27. Static And Rotating Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Static And Rotating Equipment Market
29. Static And Rotating Equipment Market Future Outlook And Potential Analysis
30. Appendix

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