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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Oceania Rotating Equipment Market Share
Based on product type, pumps dominate the Oceania rotating equipment market share
Pumps play an indispensable role in industries including manufacturing, chemical processing, and water treatment sectors due to their vital contribution in fluid transportation and processing. The mining sector, for instance, relies on pumps for dewatering, slurry transportation, and oil extraction.
Countries like Australia, benefit from an increasing range of pumps available domestically for markets such as oil and gas and wastewater treatment. High-pressure process pumps find use in oil refineries and large machines for water and wastewater treatment. Additionally, the local mining sector uses slurry pumps for abrasive solids-handling duties.
A rising focus on renewable energy, is likely to increase the demand for various rotating equipment, such as turbines and generators to harness and generate clean energy. Oceania is rich in renewable energy resources with the potential to increase hydropower generation in Fiji and Papua New Guinea.
Oceania Rotating Equipment Market Report Snapshots
Oceania Rotating Equipment Market Size
Oceania Rotating Equipment Market Trends
Oceania Rotating Equipment Market Share
Oceania Rotating Equipment Companies
Oceania Rotating Equipment Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of USD 4.18 million in 2023.
The market is estimated to grow at a CAGR of 10.2% during 2024-2032
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 12.52 million by 2032.
The key drivers include rising technological advancements, the growth of the oil and gas sector, and expansion of the renewable energy sector.
The market covers countries such as Australia, New Zealand, Papua New Guinea, Fiji, and others.
The various product types are turbines, pumps, compressors, and agitators and mixers.
The key players in the market include Siemens AG, Sulzer Ltd, Ingersoll Rand Inc., Atlas Copco AB, The Weir Group PLC, Ebara Corporation, Hitachi, Ltd, General Electric Company, and Mitsubishi Heavy Industries, Ltd, among others.
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