Static And Rotating Equipment Industry Outlook 2025-2029: Market Set to Cross $37.08 Billion Milestone

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How Large Will the Static And Rotating Equipment Market Size By 2025?
The market size for static and rotating equipment has experienced robust growth in the past few years. It is projected to increase from $27.42 billion in 2024 to $29.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%. Several factors have contributed to this historical growth, including the demand for power generation, emphasis on operational efficiency, industrial growth, infrastructural development, economic progression in up-and-coming markets, and needs for replacement and upgrades.

How Big Is the Static And Rotating Equipment Market Size Expected to Grow by 2029?
The market size for static and rotating equipment is predicted to witness robust expansion in the coming years, escalating to approximately $37.08 billion in 2029 with a 6.3% compound annual growth rate (CAGR). The anticipated surge during the forecast period is due to factors such as the rise in renewable energy initiatives, increased demand for LNG infrastructure, worldwide focus on reducing emissions, emphasis on predictive upkeep, burgeoning investments in LNG and petrochemical endeavors, globalization in manufacturing, and growth of downstream processing. Key trends during the forecast duration are anticipated to include digitization and the integration of Industry 4.0, remote supervision and upkeep, the use of 3d printing or additive manufacturing technologies, advancements in materials and coatings, and the forging of strategic alliances and partnerships.

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Which Key Market Drivers Powering Static And Rotating Equipment Market Expansion and Growth?
The growth of the static and rotating equipment market is set to be fueled by the increasing acceptance and use of renewable energy, aimed at diminishing the carbon footprint. Renewable energy, generated from perpetually replenishing sources such as the wind and sun, utilizes static and rotating equipment to maximize wind and solar energy utilization while minimizing the use of fossil fuels such as natural gas. As stated by the International Energy Agency, a France-based autonomous intergovernmental organization, in October 2024, renewable capacity is projected to increase from 666 GW in 2024 to 935 GW by 2030, predominantly driven by solar PV and wind. Hydropower is expected to contribute an addition of 20-30 GW annually, while bioenergy adds 12 GW each year. Thus, the enhanced popularity and usage of renewable energy for carbon footprint reduction are significant factors propelling the growth of the static and rotating equipment markets.

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Which Fast-Growing Trends Are Poised to Disrupt the Static And Rotating Equipment Market?
The emergence of technological advancements is a significant trend observed in the static and rotating equipment market. Numerous enterprises in this market are prioritizing technological innovation to reinforce their standing in the industry. A case in point is Schneider Electric. This France-based multinational corporation, known for its expertise in digital automation and energy management, launched a new product named EcoStruxure in May 2022. This asset advisor for electrical distribution and rotating equipment holds immense potential to augment output and slash downtime by up to 15 hours weekly for crucial rotating equipment like motors, compressors, and pumps. The EcoStruxure Asset Advisor allows for remote monitoring of equipment for condition-based maintenance and safety (EAA). It offers state-of-the-art cloud-based analytics tools, which use data and digital insights to identify issues before they result in equipment failure.

What Are the Emerging Segments in the Static And Rotating Equipment Market?
The static and rotating equipment market covered in this report is segmented -

1) By Product Type: Oil And Gas Static Equipment, Oil And Gas Rotating Equipment
2) By Static Equipment: Valves, Boilers, Furnaces, Heat Exchangers
3) By Rotating Equipment: Compressors, Turbines, Pumps
4) By Application: Upstream, Midstream, Downstream

Subsegments:
1) By Oil And Gas Static Equipment: Pressure Vessels, Heat Exchangers, Storage Tanks, Boilers, Piping Systems
2) By Oil And Gas Rotating Equipment: Pumps, Compressors, Turbines, Mixers, Gearboxes

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Who Are the Global Leaders in the Static And Rotating Equipment Market?
Major companies operating 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, TechnipFMC Inc., OAO TMK Group, Technip SA, Flowserve Corporation, Doosan Group, Wärtsilä Corporation, Mitsubishi Heavy Industries Ltd., Tenaris S.A., Ingersoll Rand Inc., Gardner Denver Inc., Dresser-Rand Group Inc., Weir Group PLC, KSB SE & Co. KGaA, SPX FLOW Inc., John Crane PLC, ITT Inc., Ebara Corporation, Kobe Steel Ltd., Voith GmbH & Co. KGaA, Baker Hughes Company, National Oilwell Varco Inc., Aker Solutions ASA, Cameron International Corporation, Schlumberger Limited, Emerson Electric Co., Honeywell International Inc., Parker Hannifin Corporation, Danfoss A/S, Swagelok Company, Spirax-Sarco Engineering PLC, Armstrong International Inc.

Which are the Top Profitable Regional Markets for the Static And Rotating Equipment Industry?
North America was the largest region in the static and rotating equipment market in 2024. The regions covered in the static and rotating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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