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Oceania Rotating Equipment Market

Oceania Rotating Equipment Market Size, Price, Forecast: By Product Type: Pumps, Compressors, Turbines, Agitators and Mixers, Others; By Voltage: Low, Medium, High; By End Use: Oil and Gas, Power Generation, Mining, HVAC, Water, Wastewater Treatment, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Oceania Rotating Equipment Market Outlook

The Oceania rotating equipment market size reached approximately USD 3.34 billion in 2023. The market is projected to grow at a CAGR of 11.6% between 2024 and 2032, reaching a value of around USD 7.22 billion by 2032.

 

Key Trends in the Market

Rotatory equipment is machinery that utilises mechanical energy through rotational motion. This equipment incorporates a rotating component as a fundamental part. It is extensively utilised in various sectors for tasks such as generating power, transferring fluids, compressing gases, and moving materials.

 

  • The Oceania rotating equipment market growth is primarily driven by the remarkable expansion of the oil and gas and power generation sectors. Rotating machinery plays a pivotal and indispensable role as a crucial component within numerous mechanical systems employed in industrial plants, as well as air and ground vehicles, among various other applications.
  • The Oceania rotating equipment market demand in the forecast period is expected to be propelled by the rising demand for high-performance equipment that can streamline and expedite manufacturing processes.
  • One of the Oceania rotating equipment market trends is the advent of the Industrial Internet of Things (IoT), which has empowered rotating equipment suppliers to establish continuous connectivity with their assets. This, in turn, facilitates the development of novel and profitable business models, thereby propelling the market growth.

 

Market Analysis

Based on product type, the market is segmented into pumps, compressors, turbines, and agitators and mixers. The Oceania rotating equipment market segmentation, on the basis of voltage, includes low, medium, and high. The market, based on end use, is divided into oil and gas, power generation, mining, HVAC, water, and wastewater treatment, among others. The major regional markets for rotating equipment are Australia, New Zealand, Papua New Guinea, and Fiji, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Oceania rotating equipment market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Siemens AG
  • General Electric Company
  • Mitsubishi Heavy Industries, Ltd.
  • Hitachi Ltd.
  • Ebara Corporation
  • Sulzer Ltd.
  • Ingersoll Rand
  • Atlas Copco
  • The Weir Group PLC
  • Others

 

Market Share by Voltage

The high voltage segment is expected to hold a major portion of the Oceania rotating equipment market share during the forecast period. This equipment is widely employed as drives in sectors that require high power output and as generators in power plants. Moreover, it can operate under challenging conditions, necessitating low-maintenance operation and utmost reliability.

 

Market Share by Regions

According to the Oceania rotating equipment market analysis, Australia is poised to emerge as a prominent regional market for rotating equipment in the forecast period. This growth can be primarily attributed to the escalating demand for electric power and the highly established manufacturing and machinery sector in the country.

 

Robust population growth and industrial development in Australia have led to a significant rise in electricity consumption. As various sectors expand and modernise, the demand for high-power rotating equipment, such as motors and generators, is expected to increase in the coming years.

 

Competitive Landscape

Siemens AG is a multinational company headquartered in Munich, Germany. It is a leading provider of technology solutions in various sectors, including industrial automation, energy, healthcare, transportation, and digitalisation. Since its foundation in 1847, the company has developed its expertise in various areas including electrification, automation, digitization, IoT, and cybersecurity, among others.

 

General Electric Company is a multinational conglomerate based in Massachusetts, the USA. It operates across various sectors, including power, aviation, healthcare, renewable energy, and digital solutions. GE provides a wide range of products and services for power generation, transmission, and distribution. This includes gas turbines, steam turbines, and generators used in thermal power plants.

 

Mitsubishi Heavy Industries, Ltd. is a multinational company based in Tokyo, Japan. Established in 1884, MHI has grown into a leading conglomerate with diverse business operations spanning various sectors. It operates across a wide range of sectors, including power systems, aerospace, defence, machinery, industrial equipment, and transportation, among others.

 

Other Oceania rotating equipment market players include Hitachi Ltd., Ebara Corporation, Sulzer Ltd., Ingersoll Rand, Atlas Copco, and The Weir Group PLC, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Voltage
  • End Use
  • Region
Breakup by Product Type
  • Pumps
  • Compressors
  • Turbines
  • Agitators and Mixers
Breakup by Voltage
  • Low
  • Medium
  • High
Breakup by End Use
  • Oil and Gas
  • Power Generation
  • Mining
  • HVAC
  • Water
  • Wastewater Treatment
  • Others
Breakup by Region
  • Australia
  • New Zealand
  • Papua New Guinea
  • Fiji
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Siemens AG
  • General Electric Company
  • Mitsubishi Heavy Industries, Ltd.
  • Hitachi Ltd.
  • Ebara Corporation
  • Sulzer Ltd.
  • Ingersoll Rand
  • Atlas Copco
  • The Weir Group PLC
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Rotating Equipment Market Overview

    8.1    Key Industry Highlights
    8.2    Global Rotating Equipment Historical Market (2018-2023) 
    8.3    Global Rotating Equipment Market Forecast (2024-2032)
9    Oceania Rotating Equipment Market Overview
    9.1    Key Industry Highlights
    9.2    Oceania Rotating Equipment Historical Market (2018-2023) 
    9.3    Oceania Rotating Equipment Market Forecast (2024-2032)
10    Oceania Rotating Equipment Market by Product Type
    10.1    Pumps
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Compressors
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Turbines
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Agitators and Mixers
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
11    Oceania Rotating Equipment Market by Voltage
    11.1    Low
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Medium
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    High
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
12    Oceania Rotating Equipment Market by End Use
    12.1    Oil and Gas
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Power Generation
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mining
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    HVAC
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Water
        12.5.1    Historical Trend (2018-2023)
        12.5.2    Forecast Trend (2024-2032)
    12.6    Wastewater Treatment
        12.6.1    Historical Trend (2018-2023)
        12.6.2    Forecast Trend (2024-2032)
    12.7    Others
13    Oceania Rotating Equipment Market by Country
    13.1    Australia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    New Zealand
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Papua New Guinea
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Fiji
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Siemens AG
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    General Electric Company
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Mitsubishi Heavy Industries, Ltd.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Hitachi Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Ebara Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Sulzer Ltd.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Ingersoll Rand
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Atlas Copco
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    The Weir Group PLC
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Rotating Equipment Market: Key Industry Highlights, 2018 and 2032
2.    Oceania Rotating Equipment Market: Key Industry Highlights, 2018 and 2032
3.    Oceania Rotating Equipment Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4.    Oceania Rotating Equipment Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5.    Oceania Rotating Equipment Historical Market: Breakup by Voltage (USD Billion), 2018-2023
6.    Oceania Rotating Equipment Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
7.    Oceania Rotating Equipment Historical Market: Breakup by End Use (USD Billion), 2018-2023
8.    Oceania Rotating Equipment Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9.    Oceania Rotating Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
10.    Oceania Rotating Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
11.    Oceania Rotating Equipment Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 3.34 billion.

The market is projected to grow at a CAGR of 11.6% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 7.22 billion by 2032.

The market is being driven by the rapid expansion of the power generation sector and the rising demand for streamlining production processes, which creates a demand for advanced equipment.

The major trends propelling growth in the market are the rising implementation of Industrial IoT to empower rotating equipment and the growing energy demand.

The major regional markets include Australia, New Zealand, Papua New Guinea, and Fiji, among others.

The different segments based on the voltage of rotating equipment are low, medium, and high.

The major players in the market include Siemens AG, General Electric Company, Mitsubishi Heavy Industries, Ltd., Hitachi Ltd., Ebara Corporation, Sulzer Ltd., Ingersoll Rand, Atlas Copco, and The Weir Group PLC, among others.

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