World Static & Rotating Equipment Market Assessed by Market Research Engine in Topical Report Published at MarketPublishers.com02 Feb 2016 • by Natalie Aster
LONDON – The worldwide static and rotating equipment market, whose value stood at USD 28.6 billion in 2015, is projected to amount to USD 37.12 billion by 2023. Over the forecast period, the business sector will likely record a 3.70% CAGR.
The threatening macroeconomics condition negatively affects the interest for static and rotating equipment in the business domain globally. With the rising number of producers seeking to separate their items in the thick of fierce rivalry, a significant focus is on imaginative brand ID methodologies and improving the quality of the items. The dispatch of novel advancements allowing for the extraction of oil from whimsical sources will likely to heighten the interest for static and rotating equipment in the business field.
North America held the lion’s share in the general business sector as of 2013, with the region poised to keep on dominating the sector in the offing. In Europe, the business sector is set to develop at a slow rate due to high raw material costs. The APAC nations are anticipated to invest in the fortification of its downstream segment, whilst further updates are usual in Russian refineries. Thereafter, these developing areas will likely emerge as the lucrative markets for the manufacturers.
Pentair plc, Metso Oyj, General Electric Company, Sulzer Limited, OAOTMK, Siemens AG, FMC Technologies Inc., Flowserve Corporation, Doosan Group, Technip SA, and Wärtsilä are amidst the dominant market players.
In-demand report “Global Static and Rotating Equipment (Oil and Gas) Market” elaborated by Market Research Engine presents a 360-degree review of the world static and rotating equipment market. Detailed segmentation is provided by product type and by region. The study provides an up-to-date analysis of the market growth propellers and limiters, market structure, major market trends and technological advances, a SWOT analysis of key industry segments. It limelights the market competition and dynamics, gives deep insights into the strategies of the leading competitors, as well as offers detailed market projections for the upcoming years.
Global Static and Rotating Equipment (Oil and Gas) Market by Static (Valves, Boilers, Furnaces, and Heat Exchangers) and Rotating Equipment (Compressors, Turbines, and Pumps) - Industry Analysis, Trends, and Forecast 2014 - 2023
Published: January, 2016
Price: US$ 4,000.00
More studies by the publisher can be found at Market Research Engine page.