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Global Rotating Equipment Market Share, Size, Analysis, Report, Forecast: By Product Type: Pumps, Compressors, Turbines, Agitators and Mixers, Others; By Voltage Type: Low, Medium, High; By Industry: Oil and Gas, Power Generation, Mining, HVAC, Water, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Rotating Equipment Market Outlook
The global rotating equipment market size reached a value of around USD 159.33 billion in 2022. The market is further expected to grow at a CAGR of 4.10% between 2023 and 2028, reaching a value of around USD 201.98 billion by 2028.
Key Trends in the Market
Rotating equipment refers to various mechanical parts that utilise kinetic energy for the movement of gases, fluids, and other process materials. These mechanical components include turbines, compressors, pumps, and agitators, among others. The design, inspection, and maintenance requirements of rotating equipment is different from that of fixed equipment.
- The rotating equipment market growth is being driven by rapid industrialisation which is surging the demand for such equipment. Usage of rotating equipment reduces downtime and repair costs while increasing efficiency.
- The growing usage of technologies such as Internet of Things IoTs, artificial intelligence (AI), and machine learning (MI) in the industrial sector a key trend in the market for rotating equipment. These technologies aid in providing real-time, practical insights and increase equipment efficiency.
- The oil and gas, wastewater treatment, and power generating industries are experiencing a surge in demand for rotating equipment like pumps, compressors, and turbines to transfer fluids, gases, and other process materials using kinetic energy. Oil and gas exploration activities are anticipated to increase further to fulfil the expanding global energy demand, increasing the demand for rotating equipment.
Global Rotating Equipment Market Analysis
Based on product type, the market is divided into pumps, compressors, turbines, and agitators and mixers, among others. By voltage type, the rotating equipment market segmentation is low, medium, and high. On the basis of industry, the market is categorised into oil and gas, power generation, mining, HVAC, water, and wastewater treatment, among others. The regional markets for rotating equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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 global rotating equipment market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Siemens Aktiengesellschaft
- General Electric Company
- Atlas Copco AB
- Flowserve Corporation
- Mitsubishi Heavy Industries, Ltd.
- Sulzer Management Ltd
- Elgi Equipments Ltd
- Ingersoll Rand Inc
- The Weir Group Plc
- Ebara Corporation
- Others
Global Rotating Equipment Market Share by Industry
Oil and gas, on the basis of industry, accounts for a sizable share in the market for rotating equipment as rotating equipment is a crucial component in the process of producing oil and gas. The production process of oil and gas includes drilling, completion, production, and refining, all of which use rotating machinery. The rising usage of electric motors in oil refineries are further propelling the demand for rotating equipment.
Global Rotating Equipment Market Share by Region
At a regional level, the Asia Pacific is anticipated to witness significant growth in the market for rotating equipment over the forecast period. Rising investments in the oil and gas sector, rapid industrialisation, and modernisation of power plants in countries like China, India, Indonesia, and Malaysia are supporting the regional market growth. Major rotating equipment manufacturers are also setting up production bases in countries like China and India, which is projected to improve the growth prospects of the Asia Pacific market for rotating equipment.
Competitive Landscape
Siemens Aktiengesellschaft, founded in 1847 and headquartered in Munich, Germany is a leading technology company. Its operations cover the automation, digitalisation, and electrification domains, with a focus on power generation and delivery, distributed energy systems, and intelligent building infrastructure.
Atlas Copco AB, established in 1873 and based in Stockholm, Sweden, is a world leading manufacturer of compressors, vacuum systems, generators, pumps, and power tools. Industries around the world rely on the company's expertise, including innovators and technological leaders.
Flowserve Corporation, founded in 1997 and headquartered in Texas in the United States, is one of the biggest producers of pumps, valves, and seals. The company caters to a variety of industries, including oil and gas, electricity, chemical, water, pharmaceuticals, and food processing.
Other market players include General Electric Company, Mitsubishi Heavy Industries, Ltd., Sulzer Management Ltd, Elgi Equipments Ltd, Ingersoll Rand Inc, The Weir Group Plc, and Ebara Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Voltage Type |
|
| Breakup by Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Rotating Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Rotating Equipment Historical Market (2018-2022)
8.3 Global Rotating Equipment Market Forecast (2023-2028)
8.4 Global Rotating Equipment Market by Product Type
8.4.1 Pumps
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Compressors
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Turbines
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Agitators and Mixers
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Rotating Equipment Market by Voltage Type
8.5.1 Low
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Medium
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 High
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Rotating Equipment Market by Industry
8.6.1 Oil and Gas
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Power Generation
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Mining
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 HVAC
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Water
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Wastewater Treatment
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Rotating Equipment Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Rotating Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Rotating Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Rotating Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Rotating Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Rotating Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Siemens Aktiengesellschaft
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 General Electric Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Atlas Copco AB
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Flowserve Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mitsubishi Heavy Industries, Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Sulzer Management Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Elgi Equipments Ltd
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Ingersoll Rand Inc
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 The Weir Group Plc
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Ebara Corporation
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rotating Equipment Market: Key Industry Highlights, 2018 and 2028
2. Global Rotating Equipment Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Rotating Equipment Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Rotating Equipment Historical Market: Breakup by Voltage Type (USD Million), 2018-2022
5. Global Rotating Equipment Market Forecast: Breakup by Voltage Type (USD Million), 2023-2028
6. Global Rotating Equipment Historical Market: Breakup by Industry (USD Million), 2018-2022
7. Global Rotating Equipment Market Forecast: Breakup by Industry (USD Million), 2023-2028
8. Global Rotating Equipment Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Rotating Equipment Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Rotating Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Rotating Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Rotating Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Rotating Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Rotating Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Rotating Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Rotating Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Rotating Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Rotating Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Rotating Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Rotating Equipment Market Structure
Key Questions Answered in the Report
In 2022, the global market for rotating equipment attained a value of USD 159.33 billion.
The market is projected to grow at a CAGR of 4.10% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach USD 201.98 billion by 2028.
The major drivers of the market include the increasing oil and gas exploration activities, wide range of applications of rotating equipment, and rapid industrialisation.
The increasing adoption of IoTs leveraging artificial intelligence and machine learning in the industrial sector and rising investments in downstream sectors are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various product types of rotating equipment in the market are pumps, compressors, turbines, and agitators and mixers, among others.
The major players in the rotating equipment market, according to the report, are Siemens Aktiengesellschaft, General Electric Company, Atlas Copco AB, Flowserve Corporation, Mitsubishi Heavy Industries, Ltd., Sulzer Management Ltd, Elgi Equipments Ltd, Ingersoll Rand Inc, The Weir Group Plc, and Ebara Corporation, among others.
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