Static and Rotating Equipment Industry: Future Demand, Market Analysis & Outlook to 2023

The downstream, midstream, and upstream operations in the oil and gas industry depends upon the quality and reliability of static and rotating equipment. Hence, these machines form an important part of oil and gas infrastructure. However, due to the recent drop in the global oil prices, expenditure on exploration and production activities is likely to reduce, which will have a negative impact on the demand for these equipment.

The report provides a comprehensive overview of the global static and rotating equipment market. For the purpose of the study, the market has been sub-segmented into critical products that are widely deployed across the oil and gas industry. The market for oil and gas static equipment comprises boilers, valves, furnaces, and heat exchangers. The oil and gas rotating equipment segment includes pumps, compressors, and turbines. Regionally, the global static and rotating equipment market is divided into Asia Pacific, North America, South and Central America, the Middle East and Africa, Europe, and Rest of South and Central America.

This 236 page report gives readers a comprehensive overview of the Static and Rotating Equipment market Browse through 80 data tables and 68 figures to unlock the hidden opportunities in this market.
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Compiled with valuable industry data, the report presents a 360-degree blueprint of the global static and rotating equipment market. The information provided in the report is sourced via primary and secondary research methods. Apart from this, relevant data is also obtained from financial records of leading companies and historical data regarding the market. Valuable insights from industry veterans are also referred to in order to ensure that the report presents an accurate executive-level snapshot.

Overview of the global static and rotating equipment market

The global static and rotating equipment market, which stood at US$26.5 bn in 2013, is anticipated to reach US$35.8 bn by the end of 2022. The market will therefore exhibit a slow yet positive CAGR of 3.70% between 2014 and 2022. Static and rotating equipment are manufactured by OEMs around the world, who also supply the same to E&P companies either directly or through EPC contractors.

The sluggish demand witnessed by the global static and rotating equipment market is primarily due to the hostile macroeconomics outlook, which further translates into pricing pressures upon manufacturers. With an increasing number of manufacturers seeking to differentiate their products amidst cut-throat competition, a greater focus is on innovative brand identification strategies and improving the product quality. The launch of new technologies allowing the production of oil from unconventional sources is also expected to amplify the demand for static and rotating equipment in the market.

Among the key regional segments, North America held the largest share in the overall market in 2013. The region is also expected to retain its position as the market leader through the forecast period. The reopening of E&P activities in the Gulf of Mexico, new oil sand projects in Canada, and privatization of the hydrocarbon sector in Mexico are the primary factors boosting the static and rotating equipment market in North America. In Europe, however, the market will exhibit sluggish growth due to the high cost of the raw materials. Asia Pacific countries are anticipated to invest in strengthening its downstream sector, while further upgrades are expected in Russian refineries. Thus, these emerging regions will also prove to be lucrative markets for static and rotating equipment manufacturers.

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Companies mentioned in the research report

Companies studied in the report include Sulzer Limited, Metso Oyj, Alfa Laval AB, Siemens AG, FMC Technologies Inc., Pentair plc, General Electric Company, Flowserve Corporation, Atlas Copco AB, Technip SA, Tenaris SA, Mitsubishi Heavy Industries Ltd., Doosan Group, OAO TMK, and Wärtsilä.
Oil and Gas Static and Rotating Equipment Market: Product Type Analysis
Oil and Gas Static Equipment
Valves
Boilers
Heat Exchangers
Shell and Tube
Air Cooled
Oil and Gas Rotating Equipment
Compressors
Turbines
Pumps

Oil and Gas Static and Rotating Equipment Market: Regional Analysis
North America
U.S.
Rest of North America
Europe
Norway
U.K.
Rest of Europe
Asia Pacific
China
Australia
Rest of Asia Pacific
Middle East and Africa
GCC Countries
Nigeria
Algeria
Rest of Middle East and Africa
South and Central America
Brazil
Rest of South and Central America

This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years
Key highlights of this report

Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

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