Renewable Energy Adoption Fuels Growth In Static And Rotating Equipment Market: A Key Catalyst Accelerating Static And Rotating Equipment Market Growth in 2025

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Static And Rotating Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for static and rotating equipment has seen a consistent rise in the past few years. The market is projected to escalate from $27.42 billion in 2024 to $28.57 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.2%. Factors contributing to the growth during the historic period include the demand for power generation, emphasis on operational efficiency, increased industrialization, infrastructural development, economic advancement in emerging markets, as well as the need for replacements and upgrades.

Static And Rotating Equipment Market Size Forecast: What's the Projected Valuation by 2029?
In the years to come, considerable growth is anticipated in the static and rotating equipment market, which is predicted to inflate to a value of $35.89 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%. This projected increase during the forecast period can be assigned to various factors including a rise in renewable energy projects, the need for LNG infrastructure, a worldwide focus on reducing emissions, an emphasis on predictive maintenance, more investments in LNG and petrochemical schemes, global manufacturing, and the expansion of downstream processing. Key trends expected to shape this market during the forecast period include the integration of digitalization and industry 4.0, remote monitoring and maintenance, the uptake of 3D printing and additive manufacturing, advancements in materials and coatings, along with strategic partnerships and alliances.

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What Are the Drivers Transforming the Static And Rotating Equipment Market?
The increasing acceptance and utilization of renewable energy sources as a measure to diminish carbon emissions is projected to drive the expansion of the static and rotating equipment market. Renewable energy is derived from resources that naturally replenish, like the sun and wind. Static and rotating equipment play a key role in maximizing the use of wind and solar energy while minimizing the use of fossil fuels, such as natural gas. For instance, in October 2024, the International Energy Agency, an independent intergovernmental organization based in France, projected a rise in renewable capacity from 666 GW in 2024 to 935 GW by 2030, primarily driven by solar PV and wind. Water power is set to contribute 20-30 GW annually, with bioenergy adding 12 GW each year. Hence, the growth in the static and rotating equipment markets is being fueled by the increasing acceptance and utilization of renewable energy sources aimed at reducing carbon emissions.

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What Trends Will Shape the Static And Rotating Equipment Market Through 2029 and Beyond?
Technological advancements have emerged as a key trend gaining popularity in the static and rotating equipment market. 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 EcoStruxure, 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 EcoStruxture 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.

Which Segments in the Static And Rotating Equipment Market Offer the Most Profit Potential?
The static and rotating equipmentmarket 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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Which Firms Dominate the Static And Rotating Equipment Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Static And Rotating Equipment Market?
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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