2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Drivers Are Shaping the Growth and Development of theStatic And Rotating Equipment Market?

The growth of the static and rotating equipment market is likely to be driven forward by a surge in popularity and use of renewable energy sources, aimed at lowering the carbon footprint. This encompasses energy produced from renewable sources that naturally replenish, such as wind and the sun. Static and rotating equipment are employed within the realm of renewable energy to maximize the effective use of wind and solar energy, while minimizing the consumption of fossil fuels, inclusive of natural gas. For example, the International Energy Agency, a France-based autonomous intergovernmental body, reported in October 2024 that renewable capacity is expected to escalate from 666 GW in 2024 to 935 GW by 2030, with solar PV and wind leading the surge. Hydropower and bioenergy are expected to contribute an additional 20-30 GW and 12 GW respectively each year. Consequently, the mounting popularity and embrace of renewable energy sources with the intent to decrease the carbon footprint is fostering growth in the static and rotating equipment market.

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What is the Predicted Annual Growth Rate of theStatic And Rotating Equipment Market Impact Industry Trends by 2034?

In recent times, there has been significant growth in the size of the static and rotating equipment market. It is anticipated to expand from $27.42 billion in 2024 to $29.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%. Various factors have encouraged this growth during the historic period, including the demand for power generation, dedication to operational efficiency, increasing industrialization, infrastructure development, the economic progress of emerging markets, and the requirements for replacement and upgrades.

In the coming years, it is anticipated that the market size of static and rotating equipment will experience significant growth. We expect to see an increase to $37.08 billion in 2029 with a compound annual growth rate (CAGR) of 6.3%. This growth during the forecast period can be attributed to various factors such as an upswing in renewable energy initiatives, demand for LNG infrastructure, global focus on cutting emissions, an emphasis on predictive maintenance, and heightened investments in LNG and petrochemical ventures. The globalisation of manufacturing and expansion of downstream processing also contribute to this expected growth. Noteworthy trends during the forecast period include the incorporation of digitalisation and industry 4.0, remote monitoring and maintenance practices, the adoption of 3d printing/additive manufacturing techniques, advances in materials and coatings, and strategic alliances and partnerships.

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Which Cutting-Edge Market Trends Are Expected to Drive theStatic And Rotating Equipment Market’s Growth?

Emerging technological progress constitutes a major trend in the static and rotating equipment market. Leading companies in this sector are determined to innovate new technologies to consolidate their market standing. For instance, Schneider Electric, a multinational firm based in France known for its expertise in digital automation and energy management, introduced EcoStruxure in May 2022. This is an asset advisor for electrical distribution and rotating equipment, capable of improving output and mitigating downtime by as much as 15 hours per week for critical rotating equipment like motors, compressors, and pumps. The EcoStruxure Asset Advisor enables remote equipment monitoring for condition-based maintenance and safety (EAA), incorporated with cutting-edge cloud-based analytics instruments that are enriched with data and digital insights to preemptively identify issues before they result in equipment failure.

What Are the Leading Market Players Impacting theStatic And Rotating Equipment Market’s Growth Trend?

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.

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How Are the Key Segments of the Static And Rotating Equipment Market Driving Opportunities and Innovations?

The static and rotating equipment market 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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https://www.thebusinessresearchcompany.com/customise?id=8155&type=smpGlobal Static And Rotating Equipment Market, Global Static And Rotating Equipment Market Report, Global Static And Rotating Equipment Market Trends, Global Static And Rotating Equipment Market Size

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