Analysts’ Viewpoint on Static and Rotating Equipment (Oil and Gas) Market Scenario
There is an increasing demand for energy and power generation due to rise in population and migration of people from rural to urban areas. Oil and gas are a major source of power generation, as renewables are still in an early stage of adoption. This factor is driving the global static and rotating equipment (oil and gas) market. However, rising popularity and adoption of renewable energy sources to reduce the carbon footprint is expected to hamper the growth of the global static and rotating equipment (oil and gas) market. Rise in exploration and refinery activities, along with lucrative presence of market players in North America is attributable to the market expansion.
The global static and rotating equipment (oil and gas) market is negatively affected by the rapidly spreading coronavirus across the globe. Market players operating in the global static and rotating equipment (oil and gas) market are exploring opportunities to overcome challenges in the global market. Increase in demand for static and rotating equipment (oil and gas) in oil & gas applications is expected to boost the global static and rotating equipment (oil and gas) market during the forecast period. Ongoing research and development activities to explore the technological development in exploration and refining equipment are driving the growth of the market.
The rise in demand for remote operations has led to increasing adoption of automated equipment across the globe for safety purpose. This factor is accelerating the global static and rotating equipment (oil and gas) market growth. Rapid urbanization, industrialization, and increase in applications of petroleum in different industries are some of the factors responsible for the huge demand for static and rotating equipment.
Oil and gas rotating equipment such as turbines, pumps, compressors, and oil & gas static equipment such as valves, boilers, furnaces, and heat exchangers are increasingly becoming popular in different industries due to their efficiency. Static equipment are more reliable as they do not have moving parts. Market players are focusing on increasing the efficiency of these equipment to reduce the operational time of exploration, transportation, and refinery activities. This helps in significantly increasing the profit.
Static equipment do not have a redundant/standby system. These include vacuum ejector system, pipes, reactors, and knockout drums. Rotating equipment have moving parts and standby systems. They need maintenance on a regular basis. These equipment comprise pumps, compressors, and motors. Technological advancements in static and rotating equipment (oil and gas) have enabled companies to execute exploration and production activities at greater depths and under the unpleasant climatic conditions.
Oil and gas rotating equipment dominates the global market. The pumps sub-segment has the most market share due to its widespread usage in upstream, midstream, as well as downstream activities. Turbines are used in the oil & gas sector, along with a generator to generate electric power, while compressors are used in the transportation of oil and gas from exploration sites to refineries and end users. The oil and gas static equipment product type segment also accounts for key share of the global market. Static equipment are significantly used in downstream activities. In addition, rise in petroleum refining activities across the globe is also driving the demand for rotating equipment.
Key players operating in the global static and rotating equipment (oil and gas) market are focusing on research & development, merger, joint venture, collaboration, and product innovation strategies. Key players operating in the global static and rotating equipment (oil and gas) market are focusing on developing innovating products to mark their presence in the global market in order to acquire lucrative revenue opportunities. Increasing investments by market players in R&D activities is also contributing to the global market growth.
Market players are expanding their product lines to meet the increasing demand from various end-use industries. The global static and rotating equipment (oil and gas) market is expected to rise in the upcoming years due to the presence of several market contributors.
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Attribute |
Detail |
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Market Size Value in 2020 (Base Year) |
US$ 19.3 Bn |
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Market Forecast Value in 2031 |
US$ 35.6 Bn |
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Growth Rate (CAGR) |
4.8% |
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Forecast Period |
2021-2031 |
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Quantitative Units |
US$ Bn for Value |
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Market Analysis |
Includes cross segment analysis at global as well as regional level. Qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, supply chain analysis, and parent industry overview. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon Request |
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Pricing |
Available upon Request |
Static and Rotating Equipment (Oil and Gas) Market – Segmentation
TMR’s research study assesses the global static and rotating equipment (oil and gas) market in terms of product type and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global static and rotating equipment (oil and gas) market.
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Static and Rotating Equipment (Oil and Gas) Market is expected to reach US$ 35.6 Bn By 2031
Static and Rotating Equipment (Oil and Gas) Market is estimated to rise at a CAGR of 4.8% during forecast period
Oil and gas are a major source of power generation, as renewables are still in an early stage of adoption. This factor is driving the global static and rotating equipment (oil and gas) market
Prominent players operating in the global static and rotating equipment (oil and gas) market include Alfa Laval AB, Atlas Copco AB, Pentair plc, General Electric Company, Metso Oyj, Siemens AG, Sulzer Limited, FMC Technologies Inc., OAO TMK, Technip S.A., Flowserve Corporation, Doosan Group, Wärtsilä, and Mitsubishi Heavy Industries Ltd.
The forecast period considered for the Static and Rotating Equipment (Oil and Gas) Market is 2021-2031
1. Preface
1.1. Research Scope & Market Segmentation
1.2. Research Highlights
2. Assumptions & Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Global Static and Rotating Equipment (Oil and Gas) Market, Revenue (US$ Bn), 2020-2031
3.2. Global Static and Rotating Equipment (Oil and Gas) Market, by Region from 2020-2031(US$ Bn)
3.3. Market Snapshot
4. Market Overview
4.1. Product Type Overview
4.2. Value Chain Analysis
4.3. Value Chain Analysis
4.3.1. List of Key Raw Material Suppliers
4.3.2. List of Key Manufacturers
4.4. Key Industry Developments
4.5. Market Indicators
5. Market Dynamics
5.1. Drivers
5.2. Restraints
5.3. Key Opportunities
5.4. Porter’s Five Forces Analysis
5.5. Global Static and Rotating Equipment (Oil and Gas) Market SWOT Analysis
6. Global Static and Rotating Equipment (Oil and Gas) Market Analysis, by Product Type Size and Forecast (US$ Bn), 2020-2031
6.1. Key Findings
6.2. Market Size by Product Type Analysis and Forecast (US$ Bn), 2020-2031
6.2.1. Oil and Gas Static Equipment
6.2.1.1. Valves
6.2.1.2. Boilers
6.2.2. Heat Exchangers
6.2.2.1. Shell and Tube
6.2.2.2. Air Cooled
6.2.3. Oil and Gas Rotating Equipment
6.2.3.1. Compressors
6.2.3.2. Turbines
6.2.3.3. Pumps
7. Global Static and Rotating Equipment (Oil and Gas) Market Analysis and Forecast (US$ Bn), by Region, 2020-2031
7.1. North America
7.2. Latin America
7.3. Europe
7.4. Asia Pacific
7.5. Middle East & Africa
8. Global Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Region, 2020
9. North America Static and Rotating Equipment (Oil and Gas) Market Analysis Size and Forecast (US$ Bn), 2020-2031
9.1. Key Findings
9.2. North America Market Size Analysis and Forecast by Product Type Analysis (US$ Bn), 2020-2031
9.3. U.S. Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
9.4. Canada Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
9.4.1. Canada Market Size Analysis and Forecast by Product Type (US$ Bn), 2020-2031
9.5. North America Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Region, 2020
9.6. PEST Analysis
10. Europe Static and Rotating Equipment (Oil and Gas) Market Analysis Size and Forecast (US$ Bn), 2020-2031
10.1. Key Findings
10.2. Europe Market Size Analysis and Forecast by Product Type Analysis (US$ Bn), 2020-2031
10.3. Germany Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
10.4. U.K. Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
10.5. France Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
10.6. Italy Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
10.7. Spain Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
10.8. Rest of Europe Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
10.9. Europe Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Region, 2020
10.10. PEST Analysis
11. Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Analysis Size and Forecast (US$ Bn), 2020-2031
11.1. Key Findings
11.2. Asia Pacific Market Size Analysis and Forecast by Product Type Analysis (US$ Bn), 2020-2031
11.3. China Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
11.4. India Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
11.5. Japan Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
11.6. ASEAN Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
11.7. Rest of Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
11.8. Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Region, 2020
11.9. PEST Analysis
12. Latin America Static and Rotating Equipment (Oil and Gas) Market Analysis Size and Forecast (US$ Bn), 2020-2031
12.1. Key Findings
12.2. Latin America Market Size Analysis and Forecast by Product Type Analysis (US$ Bn), 2020-2031
12.3. Latin America Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Region, 2020
12.4. Brazil Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
12.5. Mexico Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
12.6. Rest of Latin America Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
12.7. Latin America Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Region, 2020
12.8. PEST Analysis
13. Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Analysis Size and Forecast (US$ Bn), 2020-2031
13.1. Key Findings
13.2. Middle East & Africa Market Size Analysis and Forecast by Product Type Analysis (US$ Bn), 2020-2031
13.3. GCC Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
13.4. South Africa Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
13.5. Rest of Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Size and Forecast (US$ Bn), 2020-2031
13.6. Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Region, 2020
13.7. PEST Analysis
14. Competitive Landscape
14.1. Competition Matrix
14.2. Static and Rotating Equipment (Oil and Gas) Market Share Analysis, by Company (2020)
14.3. Product Type Mapping
14.4. Company Profiles
14.4.1. Alfa Laval AB
14.4.1.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.1.2. Business Overview
14.4.1.3. Product Type/Services, Key End-user Industries
14.4.1.4. Financial Overview
14.4.1.5. Business Strategy
14.4.1.6. Recent Developments
14.4.2. Atlas Copco AB
14.4.2.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.2.2. Business Overview
14.4.2.3. Product Type/Services, Key End-user Industries
14.4.2.4. Business Strategy
14.4.3. Pentair plc
14.4.3.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.3.2. Business Overview
14.4.3.3. Product Type/Services, Key End-user Industries
14.4.3.4. Business Strategy
14.4.4. General Electric Company
14.4.4.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.4.2. Business Overview
14.4.4.3. Product Type/Services, Key End-user Industries
14.4.4.4. Business Strategy
14.4.4.5. Recent Developments
14.4.5. Metso Oyj
14.4.5.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.5.2. Business Overview
14.4.5.3. Product Type/Services, Key End-user Industries
14.4.5.4. Business Strategy
14.4.5.5. Recent Developments
14.4.6. Siemens AG
14.4.6.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.6.2. Business Overview
14.4.6.3. Product Type/Services, Key End-user Industries
14.4.7. Sulzer Limited
14.4.7.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.7.2. Business Overview
14.4.7.3. Product Type/Services, Key End-user Industries
14.4.8. FMC Technologies Inc.
14.4.8.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.8.2. Business Overview
14.4.8.3. Product Type/Services, Key End-user Industries
14.4.9. OAO TMK
14.4.9.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.9.2. Business Overview
14.4.9.3. Product Type/Services, Key End-user Industries
14.4.10. Technip S.A.
14.4.10.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.10.2. Business Overview
14.4.10.3. Product Type/Services, Key End-user Industries
14.4.11. Flowserve Corporation
14.4.11.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.11.2. Business Overview
14.4.11.3. Product Type/Services, Key End-user Industries
14.4.12. Doosan Group
14.4.12.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.12.2. Business Overview
14.4.12.3. Product Type/Services, Key End-user Industries
14.4.13. Wärtsilä
14.4.13.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.13.2. Business Overview
14.4.13.3. Product Type/Services, Key End-user Industries
14.4.14. Mitsubishi Heavy Industries Ltd.
14.4.14.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.14.2. Business Overview
14.4.14.3. Product Type/Services, Key End-user Industries
List of Tables
Table 01: Global Static and Rotating Equipment (Oil and Gas) Market Revenue (US$ Bn) Forecast, by Product Type, 2020-2031
Table 02: Global Static and Rotating Equipment (Oil and Gas) Market Revenue (US$ Bn) and Forecast, by Region, 2020-2031
Table 03: North America Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 04: North America Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Country, 2020-2031
Table 05: U.S. Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 06: Canada Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 07: Europe Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 08: Europe Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Country & Sub-region, 2020-2031
Table 09: Germany Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 10: U.K. Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 11: France Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 12: Spain Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 13: Italy Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 14: Rest of Europe Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 15: Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 16: Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Country & Sub-region, 2020-2031
Table 17: China Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 18: India Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 19: Japan Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 20: ASEAN Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 21: Rest of Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 22: Latin America Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 23: Latin America Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Country, 2020-2031
Table 24: Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 25: Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Volume
Table 26: Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Country & Sub-region, 2020-2031
Table 27: GCC Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 28: South Africa Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
Table 29: Rest of Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn) Forecast, by Product Type, 2020-2031
List of Figures
Figure 01: Global Static and Rotating Equipment (Oil and Gas) Market Share, by Region, 2020–2031
Figure 02: Global Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Product Type, 2020–2031
Figure 03: Global Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Product Type
Figure 04: Global Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis By Region Product Type, 2020 and 2031
Figure 05: Global Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Region, 2020
Figure 06: North America Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn), 2020–2031
Figure 07: North America Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Country
Figure 08: North America Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Product Type, 2020–2031
Figure 09: North America Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Country, 2020 and 2031
Figure 10: Europe Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn), 2020–2031
Figure 11: Europe Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Country & Sub-Region
Figure 12: Europe Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Product Type, 2020–2031
Figure 13: Europe Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Country & Sub-Region, 2020–2031
Figure 14: Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn), 2020–2031
Figure 15: Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Country & Sub-Region
Figure 16: Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Product Type, 2020–2031
Figure 17: Asia Pacific Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Country & Sub-Region, 2020–2031
Figure 18: Latin America Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn), 2020–2031
Figure 19: Latin America Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Country & Sub-region
Figure 20: Latin America Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Product Type, 2020–2031
Figure 21: Latin America Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Country & Sub-Region, 2020–2031
Figure 22: Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Size (US$ Bn), 2020–2031
Figure 23: Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Attractiveness Analysis, by Country & Sub-Region
Figure 24: Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Product Type, 2020–2031–2031
Figure 25: Middle East & Africa Static and Rotating Equipment (Oil and Gas) Market Value Share Analysis, by Country & Sub-Region, 2020–2031
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Static and Rotating Equipment (Oil and Gas) Market
