Press release
Static and Rotating Equipment Global Market On Track to Reach $29.01 Billion by 2025
What Is The Projected Market Size Of The Global Static And Rotating Equipment Global Market Report 2025 And Its Growth Rate?
- The static and rotating equipment market size was $27.42 billion in 2024.
- The market is projected to grow to $29.01 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%.
- The surge in industrialization, infrastructure development, economic expansions in emerging markets, and needs for replacement and upgrading are key drivers of growth.
- The static and rotating equipment market is expected to accelerate and reach $37.08 billion in 2029, with a CAGR of 6.3%.
- The demand for LNG infrastructure, an emphasis on emission reduction, predictive maintenance trends, growing investments in LNG and petrochemical projects, and the expansion of downstream processing are significant factors contributing to the forecasted growth.
What Is Driving The Growth In The Static And Rotating Equipment Global Market Report 2025?
The increasing popularity of renewable energy is driving the growth of the static and rotating equipment market. The adoption of sustainable energy sources such as sun and wind necessitates the need for static and rotating equipment. Since the equipment optimizes the utilization of wind and solar energy while minimizing the use of fossil fuels. For instance, according to the International Energy Agency, renewable capacity is estimated to grow from 666 GW in 2024 to 935 GW by 2030, facilitated primarily by solar PV and wind energy.
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Who Are the Key Players Driving Static And Rotating Equipment Global Market Report 2025 Growth?
Key players in the static and rotating equipment market include:
- Alfa Laval AB
- Atlas Copco AB
- Pentair PLC
- General Electric Company
- Metso Oyj
- Siemens AG
- Sulzer Limited
- TechnipFMC Inc.
- OAO TMK Group
- Technip SA, and many more.
What Are The Key Trends In The Static And Rotating Equipment Global Market Report 2025?
Key trends in the market include:
- Digitalization and Industry 4.0 integration
- Remote monitoring and maintenance
- Adoption of 3D printing/additive manufacturing
- Innovations in materials and coating
- Strategic alliances and partnerships
What Are The Segments Of The Global Static And Rotating Equipment Global Market Report 2025?
The global static and rotating equipment market is divided into:
- By Product Type: Oil And Gas Static Equipment, Oil And Gas Rotating Equipment
- By Static Equipment: Valves, Boilers, Furnaces, Heat Exchangers
- By Rotating Equipment: Compressors, Turbines, Pumps
- By Application: Upstream, Midstream, Downstream
Which Region Leads The Static And Rotating Equipment Global Market Report 2025?
North America was the largest region in the static and rotating equipment market in 2024. Regions discussed in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Static And Rotating Equipment Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Static And Rotating Equipment Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Static And Rotating Equipment Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Static And Rotating Equipment Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Static And Rotating Equipment Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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