Static and Rotating Equipment Market 2015 Static and Rotating Equipment (Oil and Gas) Market | Page 2

The global static and rotating equipment market, which stood at US$26.5 bn in
2013, is anticipated to reach US$35.8 bn by the end of 2022. The market will
therefore exhibit a slow yet positive CAGR of 3.70% between 2014 and 2022. Static
and rotating equipment are manufactured by OEMs around the world, who also
supply the same to E&P companies either directly or through EPC contractors.
The sluggish demand witnessed by the global static and rotating equipment market
is primarily due to the hostile macroeconomics outlook, which further translates into
pricing pressures upon manufacturers. With an increasing number of manufacturers
seeking to differentiate their products amidst cut-throat competition, a greater focus
is on innovative brand identification strategies and improving the product quality.
The launch of new technologies allowing the production of oil from unconventional
sources is also expected to amplify the demand for static and rotating equipment in
the market.
Among the key regional segments, North America held the largest share in the
overall market in 2013. The region is also expected to retain its position as the
market leader through the forecast period. The reopening of E&P activities in the
Gulf of Mexico, new oil sand projects in Canada, and privatization of the
hydrocarbon sector in Mexico are the primary factors boosting the static and
rotating equipment market in North America. In Europe, however, the market will
exhibit sluggish growth due to the high cost of the raw materials. Asia Pacific
countries are anticipated to invest in strengthening its downstream sector, while
further upgrades are expected in Russian refineries. Thus, these emerging regions
will also prove to be lucrative markets for static and rotating equipment
manufacturers.
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Companies mentioned in the research report
Companies studied in the report include Sulzer Limited, Metso Oyj, Alfa Laval AB,
Siemens AG, FMC Technologies Inc., Pentair plc, General Electric Company,
Flowserve Corporation, Atlas Copco AB, Technip SA, Tenaris SA, Mitsubishi Heavy
Industries Ltd., Doosan Group, OAO TMK, and Wärtsilä.
Oil and Gas Static and Rotating Equipment Market: Product Type Analysis
Oil and Gas Static Equipment
Valves
Boilers