Rotating Equipment Market Size and Share Outlook - Forecast Trends and Growth Analysis Report 2025-2034

The global rotating equipment market size reached a value of around USD 165.86 Billion in 2024 . The market is further expected to grow at a CAGR of 4.10% between 2025 and 2034, reaching a value of around USD 247.88 Billion by 2034 .

Key Trends in the Market

Rotating equipment refers to various mechanical parts that utilise kinetic energy for the movement of gases, fluids, and other process materials. These mechanical components include turbines, compressors, pumps, and agitators, among others. The design, inspection, and maintenance requirements of rotating equipment is different from that of fixed equipment.

• The rotating equipment market growth is being driven by rapid industrialisation which is surging the demand for such equipment. Usage of rotating equipment reduces downtime and repair costs while increasing efficiency.
• The growing usage of technologies such as Internet of Things (IoTs) , artificial intelligence (AI) , and machine learning (MI) in the industrial sector a key trend in the market for rotating equipment. These technologies aid in providing real-time, practical insights and increase equipment efficiency.
• The oil and gas, wastewater treatment, and power generating industries are experiencing a surge in demand for rotating equipment like pumps, compressors, and turbines to transfer fluids, gases, and other process materials using kinetic energy. Oil and gas exploration activities are anticipated to increase further to fulfil the expanding global energy demand, increasing the demand for rotating equipment.

Rotating Equipment Market Segmentation

The EMR’s report titled “Rotating Equipment Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Pumps
• Compressors
• Turbines
• Agitators and Mixers
• Others

Market Breakup by Voltage Type

• Low
• Medium
• High

Market Breakup by Industry

• Oil and Gas
• Power Generation
• Mining
• HVAC
• Water
• Wastewater Treatment
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Rotating Equipment Market Share

Oil and gas, on the basis of industry, accounts for a sizable share in the market for rotating equipment as rotating equipment is a crucial component in the process of producing oil and gas. The production process of oil and gas includes drilling, completion, production, and refining, all of which use rotating machinery. The rising usage of electric motors in oil refineries are further propelling the demand for rotating equipment.

At a regional level, the Asia Pacific is anticipated to witness significant growth in the market for rotating equipment over the forecast period. Rising investments in the oil and gas sector, rapid industrialisation, and modernisation of power plants in countries like China, India, Indonesia, and Malaysia are supporting the regional market growth. Major rotating equipment manufacturers are also setting up production bases in countries like China and India, which is projected to improve the growth prospects of the Asia Pacific market for rotating equipment.

Competitive Landscape of Rotating Equipment Industry

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global rotating equipment market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

Siemens Aktiengesellschaft

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

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

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.

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Oceania Rotating Equipment Market
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