Static and Rotating Equipment Market Report 2025

The static and rotating equipment market size has grown strongly in recent years. It will grow from $27.42 billion in 2024 to $29.01 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to power generation needs, focus on operational efficiency, growing industrialization, infrastructure development, economic growth in emerging markets, replacement and upgradation needs.

The static and rotating equipment market size is expected to see strong growth in the next few years. It will grow to $37.08 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing renewable energy projects, demand for LNG infrastructure, global emphasis on emission reduction, focus on predictive maintenance, growing investments in LNG and petrochemical projects, globalization of manufacturing, expansion of downstream processing. Major trends in the forecast period include digitalization and industry 4 integration, remote monitoring and maintenance, adoption of 3d printing/additive manufacturing, innovations in materials and coatings, strategic alliances and partnerships.

The growing popularity and adoption of renewable energy sources to minimize carbon footprints are expected to drive the growth of the static and rotating equipment market in the future. Renewable energy refers to energy generated from naturally replenished sources, such as solar and wind. Static and rotating equipment plays a crucial role in renewable energy by optimizing the use of wind and solar energy while minimizing fossil fuel consumption, including natural gas. For example, in October 2024, the International Energy Agency, an autonomous intergovernmental organization based in France, reported that renewable capacity will increase from 666 GW in 2024 to 935 GW by 2030, primarily driven by solar PV and wind energy. Hydropower is projected to add 20-30 GW annually, while bioenergy will contribute 12 GW per year. Consequently, the rising popularity and adoption of renewable energy sources to reduce carbon footprints are propelling the growth of the static and rotating equipment markets.

The increasing demand for electricity is anticipated to boost the static and rotating equipment market in the coming years. Electricity is a form of energy resulting from charged particles (such as electrons or protons), existing either as static charge or in dynamic current form. Static and rotating equipment used in the electricity sector includes generators, transformers, and machinery such as turbines, and is essential in power generation, transmission, and distribution processes. For instance, in September 2024, the International Energy Agency noted that electricity production had risen by 5.4% year-on-year, with a 2.9% increase in the first half of 2024. Therefore, the increasing demand for electricity is driving the static and rotating equipment market.

Technological advancements have become a significant trend gaining traction in the static and rotating equipment market. Leading companies in this sector are concentrating on developing new technologies to maintain their market position. For example, in May 2022, Schneider Electric, a France-based multinational specializing in digital automation and energy management, introduced EcoStruxure, an asset advisor for electrical distribution and rotating equipment. This technology has the potential to boost productivity and minimize downtime by up to 15 hours per week for essential rotating equipment, including motors, compressors, and pumps. With EcoStruxure Asset Advisor, users can remotely monitor equipment for condition-based maintenance and safety (EAA). The system features modern cloud-based analytics tools that utilize data and digital insights to identify issues before they lead to equipment failure.

Key players in the static and rotating equipment market are launching innovative products, such as smart rotating equipment monitoring systems, to meet various critical demands. Smart Rotating Equipment Monitoring refers to a system that continuously assesses the performance of rotating machinery, like pumps and motors, by tracking key parameters. For instance, in June 2024, Henkel, a Germany-based chemicals company, launched Henkel's Loctite Pulse Smart Rotating Equipment Monitoring. This system offers a plug-and-play sensor solution that monitors six essential data parameters to enhance equipment reliability. Additionally, the Smart Pipes and Tanks Leak Detection utilizes carbon nanotube sensors for early hydrocarbon leak detection, thereby improving safety and sustainability.

In April 2022, Vitrek, a US-based manufacturer of high-voltage test and measurement equipment, acquired MTI Instruments for an undisclosed amount. This acquisition of MTI Instruments greatly enhances Vitrek's range of precision instrumentation products for its key sectors. MTI Instruments is a US-based producer of rotating and static measurement equipment.

Major companies operating in the static and rotating equipment market are Alfa Laval AB, Atlas Copco AB, Pentair PLC, General Electric Company, Metso Oyj, Siemens AG, Sulzer Limited, TechnipFMC Inc., OAO TMK Group, Technip SA, Flowserve Corporation, Doosan Group, Wärtsilä Corporation, Mitsubishi Heavy Industries Ltd., Tenaris S.A., Ingersoll Rand Inc., Gardner Denver Inc., Dresser-Rand Group Inc., Weir Group PLC, KSB SE & Co. KGaA, SPX FLOW Inc., John Crane PLC, ITT Inc., Ebara Corporation, Kobe Steel Ltd., Voith GmbH & Co. KGaA, Baker Hughes Company, National Oilwell Varco Inc., Aker Solutions ASA, Cameron International Corporation, Schlumberger Limited, Emerson Electric Co., Honeywell International Inc., Parker Hannifin Corporation, Danfoss A/S, Swagelok Company, Spirax-Sarco Engineering PLC, Armstrong International Inc.

North America was the largest region in the static and rotating equipment market in 2024. The regions covered in the static and rotating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the static and rotating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Static and rotating equipment encompass machinery that employs kinetic energy for the transportation of fluids, gases, and various materials. These assets comprise turbines, pumps, generators, compressors, and engines. They find extensive use in the oil and gas industries for the movement of substances via kinetic energy.

The static and rotating equipment market comprises two primary categories such as oil and gas static equipment, and oil and gas rotating equipment. Oil and gas static equipment specifically pertains to stationary machinery within the oil and gas and process industries. It denotes systems that remain inactive or on standby within static equipment. Examples of static equipment used in processes include valves, boilers, furnaces, and heat exchangers. On the other hand, rotating equipment like compressors, turbines, and pumps find application across upstream, midstream, and downstream operations.

The static and rotating equipment market research report is one of a series of new reports that provides static and rotating equipment market statistics, including static and rotating equipment industry global market size, regional shares, competitors with a static and rotating equipment market share, detailed static and rotating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the static and rotating equipment industry. This static and rotating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The static and rotating equipment market consists of sales of pressure vessels, heat exchangers, tanks and filters, and separators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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