1. What is the projected Compound Annual Growth Rate (CAGR) of the Static and Rotating Equipment Market?
The projected CAGR is approximately 4.4%.
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Static and Rotating Equipment MarketStatic and Rotating Equipment Market by Type (Static Equipment {Heat Exchangers, Boilers, Furnaces, Valves, Others}, Rotating Equipment {Pumps, Compressors, Turbines, Others}), by Application (Upstream, Midstream, Downstream), by Location (Onshore, Offshore), by North America (By Type, By Application, By Location, By Country), by Europe (By Type, By Application, By Location, By Country), by Asia Pacific (By Type, By Application, By Location, By Country), by Latin America (By Type, By Application, By Location, By Country), by The Middle East & Africa (By Type, By Application, By Location, By Country) Forecast 2026-2034
The Static and Rotating Equipment Market size was valued at USD 29.08 Billion in 2023 and is projected to reach USD 42.02 Billion by 2032, exhibiting a CAGR of 4.4 % during the forecast period. Static equipment refers to equipment that does not move around during use and is majorly involved in containing, holding, or moving fluids or gases. Some of the applications are pressure vessels, heat exchangers, and storage tanks. They are built for high-pressure and temperature applications for various industries such as oil and gas, petrochemicals, chemicals, and utilities. On the other hand, rotating equipment includes equipment that has some moving parts within it and includes such items as rotary pumps, compressors, and turbines. These devices change energy into mechanical movement and can be used for pumping or generation of power in industrial, power, and transport applications. Rotating equipment requires accurate manufacturing so that it can run with fewer problems since any flaw can result in a company’s productivity coming to a standstill.
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| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.4% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.4%.
Key companies in the market include TechnipFMC (United Kingdom), Alfa Laval (Sweden), Atlas Copco (Sweden), General Electric (United States), Siemens AG (Germany), Metso Oyj (Finland), Sulzer Ltd. (Switzerland), Pentair Plc. (United States), Flowserve Corporation (United States), Wartsila Oyj Abp (Finland), OAO TMK (Russia), Doosan Group (South Korea), Mitsubishi Heavy Industries (Japan).
The market segments include Type, Application, Location.
The market size is estimated to be USD 29.08 USD Billion as of 2022.
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