New York, According to a new market research report published by Global Insight Services “Static and Rotating Equipment Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Static equipment is defined as pressure vessels, heat exchangers, columns and towers, boilers, furnaces, pipelines, and other process equipment that remain in a fixed location. Static equipment is usually built to ASME and TEMA standards. Rotating equipment is defined as centrifugal and positive displacement pumps, compressors, fans, turbines, and other process equipment that rotate. Rotating equipment is usually built to API 610 and API 617 standards.
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Key Trends
The key trends in static and rotating equipment technology are:
1. Increased use of predictive maintenance: Predictive maintenance is a type of maintenance that uses data and analytics to predict when equipment is likely to fail. This information can then be used to schedule maintenance before the equipment fails, which can greatly reduce downtime and repair costs.
2. Increased use of condition-based monitoring: Condition-based monitoring is a type of maintenance that uses sensors to monitor the condition of the equipment. This information can then be used to schedule maintenance before the equipment fails.
3. Increased use of asset management systems: Asset management systems are computerized systems that track the performance of equipment. This information can be used to improve the maintenance of the equipment.
4. Increased use of mobile technologies: Mobile technologies, such as smartphones and tablets, are increasingly being used to manage equipment. These technologies can be used to track the performance of equipment, scheduled maintenance, and order parts.
Key Drivers
The key drivers of the static and rotating equipment market are the increasing demand for energy, the need for improved efficiency, and the need for reliable and safe equipment. The demand for energy is increasing due to the growing population and the increasing use of energy. The need for improved efficiency is driven by the need to reduce greenhouse gas emissions and the need to improve the efficiency of power plants. The need for reliable and safe equipment is driven by the need to protect the environment and the need to ensure the safety of workers.
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Market Segments
By Static Equipment
- Valves
- Boilers
- Furnaces
- Heat Exchangers
Key Players
The Static and Rotating Equipment Market includes players such as Sulzer Limited, Metso Oyj, Alfa Laval, Siemens AG, FMC Technologies Inc., Pentair plc, General Electric Company, Flowserve Corporation, Atlas Copco AB, and Tenaris.
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Reasons to buy Static and Rotating Equipment Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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