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The Oceania rotating equipment market size was approximately USD 4.18 Million in 2024. The market is estimated to grow at a CAGR of 10.20% during 2025-2034 to reach a value of USD 11.04 Million by 2034.
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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.
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.
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 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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The market attained a value of USD 4.18 Million in 2024.
The market is estimated to grow at a CAGR of 10.20% during 2025-2034
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of USD 11.04 Million by 2034.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124