Static and Rotating Equipment (Oil and Gas) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Static and Rotating Equipment Market: Overview
Static and rotating equipment play a vital role in the oil and gas industry as midstream, upstream, and downstream activities depend on the quality and reliability of these equipment. Some of the static equipment used in oil and gas industry are furnaces, valves, heat exchangers, and boilers. The rotating equipment used by the oil and gas industry include pumps, turbines, and compressors. Static and rotating equipment are thus widely deployed in the oil and gas industry. These equipment include pumps, turbines, and compressors. The investment of static and rotating equipment is dependent on exploration and production budget of oil and gas companies. Also, the investment of these equipment depend on specific country’s outlooks for the hydrocarbon industry.
Global Static and Rotating Equipment Market: Key Trends
Some of the factors boosting the global demand for static and rotating equipment include, oil production from unconventional sources, shale gas boom, and LNG infrastructure. In addition to this, extensive investments in the refining sector in countries of the Middle East will also drive the market for static and rotating equipment. Static and rotating equipment are manufactured by OEMs across the world, who supply to E&P companies and EPC contractors. Few countries such as China, Canada, the U.S., and GCC countries have high demand for static and rotating equipment on account of their developed hydrocarbons sector.
Global Static and Rotating Market: Market Potential
The growth of the static and rotating equipment market is cemented by the discovery of new oil sands in countries such as Canada. There is also a re-opening of offshore exploration and production activities in the Gulf of Mexico, which will create a positive market outlook. The privatization of the hydrocarbons sector in Mexico will also boost the growth of the market. In addition to this, the ever increasing focus on the drilling of shale wells will push the market towards growth. The development of LNG industry is also anticipated to create growth opportunities in the market.
While the overall outlook for the global static and rotating equipment market looks positive, it is possible that some of the hostile macroeconomic factors will impede the demand for these useful equipment. The pricing factor is becoming a major issue for manufacturers and is restraining the growth of the global static and rotating equipment market.
Global Static and Rotating Market: Regional Outlook
On the basis of geography, the global static and rotating equipment market is segmented into Asia Pacific, Europe, North America, the Middle East and Africa, and South and Central America. Of these, North America is expected to continue to lead in the market throughout the forecast period, after being the regional segment even in the past. In contrast to this, Europe is expected to witness a sluggish growth as operators are faced with the challenge of maintaining the margins within this expensive industry. The market condition in Asia Pacific is expected to improve. This is because several steps are expected to be taken to improve the infrastructure and enhance the exploration of LNG. Similarly, improvement in infrastructure is predicted in the Middle East and Africa, and thus the region will bode well for the static and rotating equipment market in the future.
Global Static and Rotating Market: Competitive Landscape
Some of the key vendors operating in the global static and rotating equipment market are Pentair plc, Sulzer Limited, Metso Oyj, Alfa Laval AB, Siemens AG, FMC Technologies Inc., Atlas Copco AB, General Electric Company, Flowserve Corporation, Mitsubishi Heavy Industries Ltd., Technip SA, Tenaris SA, Wartsila, OAO TMK, and Doosan Group.
This study provides a particularized anatomy according to the L.E.A.P mechanism
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Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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