Market Overview:
The global rotating equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil & gas and power across the globe. Additionally, the growing population and rising income levels are also contributing to the growth of this market. The compressors segment is expected to dominate the global rotating equipment market during the forecast period, owing to its wide usage in various industries such as oil & gas, power, and others.
Product Definition:
Rotating equipment is any type of machinery that uses rotational movement to perform its function. This includes motors, turbines, pumps, and fans. Rotating equipment is important because it can be used to power machines or systems that require rotation for operation.
Compressors:
Compressors are machines used to decrease the volume of a gas or vapor. The most common compressors used in rotating equipment are reciprocating, centrifugal and axial compressors. Compressors can be single stage or multi-stage depending on the requirement.
Single stage compressor: It is one of the simplest forms of air compression equipment available in the market which has only one moving part i.e., impeller (compressor).
Turbines:
A turbine is an engine, which extracts power from a moving fluid. The main types of turbines are water turbines, gas turbines and steam turbines. All these three sources are used in the market for rotating equipment.
The source of energy can be changed according to the requirements at any time without affecting the working principle of the machine.
Application Insights:
The oil & gas application segment accounted for the largest revenue share of over 30% in 2017. Increasing demand for crude oil and natural gas has led to an increase in drilling activities across the world. This, in turn, is expected to drive the demand for rotary drilling equipment such as compressors and turbines over the forecast period.
Power generation is one of the major applications that includes both small and large scale power plants across various regions including Europe, Asia Pacific and North America. The growth of industrialization along with urbanization has led to an increased need for electricity which can be supplied by coal or other forms of energy including nuclear or renewable sources such as wind or solar rays.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries, such as power, chemicals & petrochemicals, food & beverage and oil & gas. China is one of the largest consumers of these machines owing to its rapidly expanding power sector coupled with rapid industrialization in other sectors including mining and construction.
The Middle East region accounted for a share of more than 7% in terms of volume in 2017 owing to rising investments from foreign players for developing oil fields using rotary drilling techniques insteadoff conventional drilling methods used till now. Moreover, countries including Qatar are spending huge amounts on building new sports stadiums using these machines due to growing population and need for refurbishing existing facilities.
Growth Factors:
- Increasing demand from the oil and gas industry
- Growing investments in power generation sector
- Rising awareness about energy efficiency and its benefits
- Proliferation of renewable energy sources
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Rotating Equipment Market Research Report
By Type
Compressors, Turbines, Pumps
By Application
Oil & Gas, Power, Others
By Companies
Flowserve, Grundfos, Atlas Copco, General Electric (GE), Siemens, Sulzer, Mitsubishi Hitachi, Ansaldo Energia, Busch, ClydeUnion Pumps, Doosan Portable Power, EBARA, Elgi Equipments, Gardner Denver, Ingersoll-Rand
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Rotating Equipment Market Report Segments:
The global Rotating Equipment market is segmented on the basis of:
Types
Compressors, Turbines, Pumps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Power, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Flowserve
- Grundfos
- Atlas Copco
- General Electric (GE)
- Siemens
- Sulzer
- Mitsubishi Hitachi
- Ansaldo Energia
- Busch
- ClydeUnion Pumps
- Doosan Portable Power
- EBARA
- Elgi Equipments
- Gardner Denver
- Ingersoll-Rand
Highlights of The Rotating Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Compressors
- Turbines
- Pumps
- By Application:
- Oil & Gas
- Power
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rotating Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rotating equipment is a type of machinery that uses a rotating component to perform an action. Common examples include fans, pumps, and turbines.
Some of the major players in the rotating equipment market are Flowserve, Grundfos, Atlas Copco, General Electric (GE), Siemens, Sulzer, Mitsubishi Hitachi, Ansaldo Energia, Busch, ClydeUnion Pumps, Doosan Portable Power, EBARA, Elgi Equipments, Gardner Denver, Ingersoll-Rand.
The rotating equipment market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rotating Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rotating Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rotating Equipment Market - Supply Chain
4.5. Global Rotating Equipment Market Forecast
4.5.1. Rotating Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rotating Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rotating Equipment Market Absolute $ Opportunity
5. Global Rotating Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rotating Equipment Market Size and Volume Forecast by Type
5.3.1. Compressors
5.3.2. Turbines
5.3.3. Pumps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rotating Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rotating Equipment Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Power
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rotating Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rotating Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rotating Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rotating Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rotating Equipment Demand Share Forecast, 2019-2026
9. North America Rotating Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rotating Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rotating Equipment Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Power
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rotating Equipment Market Size and Volume Forecast by Type
9.7.1. Compressors
9.7.2. Turbines
9.7.3. Pumps
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rotating Equipment Demand Share Forecast, 2019-2026
10. Latin America Rotating Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rotating Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rotating Equipment Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Power
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rotating Equipment Market Size and Volume Forecast by Type
10.7.1. Compressors
10.7.2. Turbines
10.7.3. Pumps
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rotating Equipment Demand Share Forecast, 2019-2026
11. Europe Rotating Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rotating Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rotating Equipment Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Power
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rotating Equipment Market Size and Volume Forecast by Type
11.7.1. Compressors
11.7.2. Turbines
11.7.3. Pumps
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth otential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rotating Equipment Demand Share, 2019-2026
12. Asia Pacific Rotating Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rotating Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rotating Equipment Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Power
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rotating Equipment Market Size and Volume Forecast by Type
12.7.1. Compressors
12.7.2. Turbines
12.7.3. Pumps
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rotating Equipment Demand Share, 2019-2026
13. Middle East & Africa Rotating Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rotating Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rotating Equipment Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Power
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rotating Equipment Market Size and Volume Forecast by Type
13.7.1. Compressors
13.7.2. Turbines
13.7.3. Pumps
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rotating Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rotating Equipment Market: Market Share Analysis
14.2. Rotating Equipment Distributors and Customers
14.3. Rotating Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Flowserve
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Grundfos
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Atlas Copco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Electric (GE)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sulzer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsubishi Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ansaldo Energia
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Busch
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ClydeUnion Pumps
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Doosan Portable Power
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. EBARA
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Elgi Equipments
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Gardner Denver
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ingersoll-Rand
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
