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Oceania Rotating Equipment Market Size, Price, Forecast: By Product Type: Turbines, Pumps, Compressors, Agitators and Mixers; By Voltage: Low, Medium, High; By End Use: Power Generation, HVAC, Oil and Gas, Mining, Water, Wastewater Treatment, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Oceania Rotating Equipment Market Size
The Oceania rotating equipment market size was approximately USD 4.18 million in 2023. The market is estimated to grow at a CAGR of 10.2% during 2024-2032 to reach a value of USD 12.52 million by 2032.
Key Takeaways
- Digital technologies such as rotating machines analytics are being incorporated in rotating equipment.
- New Zealand's renewable sector, providing 84% electricity, aims for 100% renewable usage by 2035 and a carbon-neutral economy by 2050, thereby providing lucrative opportunities for market expansion in the power generation sector.
- Countries such as Australia, Papua New Guinea, and New Zealand are among the largest gas-producing countries in Oceania.
Rotating equipment are integral components in a wide range of industries such as oil and gas during various stages of production and transportation; water supply; and wastewater treatment processes involving chemical mixing.
The rising initiatives in Oceania to boost energy generation using renewable sources are adding to the demand for rotating equipment. In 2020, the turbine market witnessed a remarkable surge, with its market share soaring from 36.3% in 2019 to an impressive 62.0%. This growth can be largely attributed to the increased deployment of wind energy, a major application of turbines. Australia made significant strides, adding 2.3 GW of on-shore wind energy generation capacity to bolster its renewable energy portfolio.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Rotating Equipment Market Overview
8.1 Key Industry Highlights
8.2 Global Rotating Equipment Historical Market (2018-2023)
8.3 Global Rotating Equipment Market Forecast (2024-2032)
9 Oceania Rotating Equipment Market Overview
9.1 Key Industry Highlights
9.2 Oceania Rotating Equipment Historical Market (2018-2023)
9.3 Oceania Rotating Equipment Market Forecast (2024-2032)
10 Oceania Rotating Equipment Market by Product Type
10.1 Turbines
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Pumps
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Compressors
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Agitators and Mixers
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Oceania Rotating Equipment Market by Voltage
11.1 Low
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Medium
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 High
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Oceania Rotating Equipment Market by End Use
12.1 Power Generation
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 HVAC
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Oil and Gas
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Mining
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Water
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Wastewater Treatment
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Oceania Rotating Equipment Market by Country
13.1 Australia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 New Zealand
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Papua New Guinea
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Fiji
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Siemens AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Sulzer Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ingersoll Rand Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Atlas Copco AB
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 The Weir Group PLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ebara Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Hitachi, Ltd
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 General Electric Company
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Mitsubishi Heavy Industries, Ltd
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rotating Equipment Market: Key Industry Highlights, 2018 and 2032
2. Oceania Rotating Equipment Market: Key Industry Highlights, 2018 and 2032
3. Oceania Rotating Equipment Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Oceania Rotating Equipment Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Oceania Rotating Equipment Historical Market: Breakup by Voltage (USD Billion), 2018-2023
6. Oceania Rotating Equipment Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
7. Oceania Rotating Equipment Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Oceania Rotating Equipment Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Oceania Rotating Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Oceania Rotating Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Oceania Rotating Equipment Market Structure
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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