A new Transparency Market Research report states
that the global static and rotating equipment market stood at US$26.5
bn in 2013 and is predicted to reach US$35.8 bn in 2022. It is
expected to expand at a sluggish CAGR of 3.70% from 2014 to 2022. The
title of the report is “Static and Rotating Equipment Market -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2014 - 2022”.
According to this
report, the swift infrastructure advancement in the oil and gas
midstream sector is a major driver fuelling the global market for
static and rotating equipment. In addition, factors such as the
construction of new refineries and enhancement in the present
facilities are also amongst the prime factors fuelling the market.
This 236 page report gives readers a
comprehensive overview of the Static and Rotating Equipment market.
Browse Market Research Report @
Furthermore, oil production via unconventional
sources is a key technology having a positive impact on the static
and rotating equipment market. On the other hand, the hostile
macroeconomic outlook may impede the demand owing to great pricing
pressure being posed on the major manufacturers, thus restraining the
growth of the global static and rotating equipment market.
On the basis of product type, the market is
segmented into oil and gas static equipment and oil and gas rotating
equipment. Oil and gas static equipment is further segmented into
valves, heat exchangers, boilers, air cooled, and shell and tube. Oil
and gas rotating equipment is further segmented into compressors,
pumps, and turbines. Amongst these, oil and gas static equipment
constituted a share of 52.79% in the market and within static
equipment, the segment of valves will experience the highest demand
owing to unconventional exploration and production activities
globally.
In terms of geography, the global static and
rotating equipment market is segmented into Europe, North America,
the Middle East and Africa, South and Central America, and Asia
Pacific. Amongst these, in 2013, North America held the biggest share
in the market and is predicted to maintain its superiority all
through the forecast horizon. On the other hand, the development of
the market will be slow within the European region owing to operators
being unable to maintain margins within the high-cost upstream
industry. In the region of Asia Pacific and the Middle East, steps
have been taken to enhance infrastructure for the exploration of LNG,
thus impacting the market positively.
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Metso Oyj, Sulzer
Limited, Alfa Laval AB, FMC Technologies Inc., Siemens AG, Pentair
plc, General Electric Company, Atlas Copco AB, Flowserve Corporation,
Technip SA, Mitsubishi Heavy Industries Ltd., Tenaris SA, Doosan
Group, Wartsila, and OAO TMK are the prime players dominant in the
market, as per this study.
The oil and gas static and rotating equipment
market is segmented as follows:
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
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