Static And Rotating Equipment Market 2023: Size, Share, Segments, And Forecast 2032

Static And Rotating Equipment Global Market Report 2023

Market Size, Trends and Global Forecast 2023-2032

Static And Rotating Equipment Market Definition

Static and rotating equipment refers to the equipment and machinery that uses kinetic energy to transport fluids, gases, and other materials. It includes turbines, pumps, generators, compressors, and engines. Static and rotating equipment are used in the oil and gas industries to transfer fluids, gases, and other materials using kinetic energy.

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Static And Rotating Equipment Market Characteristics:

The global static and rotating equipment

market size is expected to grow from $24.00 billion in 2022 to $26.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The static and rotating equipment market size is expected to reach $32.42 billion in 2027 at a CAGR of 5.4%.

Key Market Drivers And Trends

Drivers Trends

The rising popularity and adoption of renewable energy sources to reduce the carbon footprint is expected to propel the growth of the static and rotating equipment market

Technological advancements have emerged as a key trend gaining popularity in the static and rotating equipment market.

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Static And Rotating Equipment Global Market Segments:

Major companies in the market include

Key Market Players

Alfa Laval AB

Atlas Copco AB

Pentair plc

General Electric Company

Metso Oyj

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