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.
Browse the full Static and Rotating Equipment (Oil and Gas) Market
report at :
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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.
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 Global Market for Oil
and Gas Rotating and Static Equipment Market has been segmented as
follows:
Oil
and Gas Static and Rotating Equipment Market: Product Type Analysis
Oil
and Gas Static Equipment
- Valves
- Boilers
- Furnaces
- Heat Exchangers
- Shell and Tube
- Air Cooled
- Others
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
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