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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape of Rotating Equipment Industry
Siemens Aktiengesellschaft, founded in 1847 and headquartered in Munich, Germany is a leading technology company. Its operations cover the automation, digitalisation, and electrification domains, with a focus on power generation and delivery, distributed energy systems, and intelligent building infrastructure.
Atlas Copco AB, established in 1873 and based in Stockholm, Sweden, is a world leading manufacturer of compressors, vacuum systems, generators, pumps, and power tools. Industries around the world rely on the company's expertise, including innovators and technological leaders.
Flowserve Corporation, founded in 1997 and headquartered in Texas in the United States, is one of the biggest producers of pumps, valves, and seals. The company caters to a variety of industries, including oil and gas, electricity, chemical, water, pharmaceuticals, and food processing.
Other market players include General Electric Company, Mitsubishi Heavy Industries, Ltd., Sulzer Management Ltd, Elgi Equipments Ltd, Ingersoll Rand Inc, The Weir Group Plc, and Ebara Corporation, among others.
Rotating Equipment Market Report Snapshots
Rotating Equipment Market Size
Rotating Equipment Market Analysis
Rotating Equipment Market Share
*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
In 2023, the global market for rotating equipment attained a value of USD 165.86 billion.
The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 237.20 billion by 2032.
The major drivers of the market include the increasing oil and gas exploration activities, wide range of applications of rotating equipment, and rapid industrialisation.
The increasing adoption of IoTs leveraging artificial intelligence and machine learning in the industrial sector and rising investments in downstream sectors are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various product types of rotating equipment in the market are pumps, compressors, turbines, and agitators and mixers, among others.
The major players in the rotating equipment market, according to the report, are Siemens Aktiengesellschaft, General Electric Company, Atlas Copco AB, Flowserve Corporation, Mitsubishi Heavy Industries, Ltd., Sulzer Management Ltd, Elgi Equipments Ltd, Ingersoll Rand Inc, The Weir Group Plc, and Ebara Corporation, among others.
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