Global Rotating Equipment Market for Oil and Gas Industry 2017-2021

Global Rotating Equipment Market for Oil and Gas Industry 2017-2021

About Rotating Equipment Market for Oil and Gas

Rotating equipment are devices that store energy by compressing a fluid and then convert the energy into usable power by fluid expansion. In the oil and gas industry, pumps, turbines, and compressors are the part of rotating equipment. Crude oil and natural gas are the mixtures of compounds composed primarily of carbon and hydrogen in varying proportions, along with inorganic compounds such as nitrogen, sulfur, and metals such as vanadium and mercury.

Technavio’s analysts forecast the global rotating equipment market for oil and gas industry to grow at a CAGR of 5.74% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global rotating equipment market for oil and gas industry for 2017-2021. To calculate the market size, the report considers new installations.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global Rotating Equipment Market for Oil and Gas Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Atlas Copco
• Flowserve
• General Electric (GE)
• Grundfos
• Siemens
• Sulzer

Other prominent vendors

• Ansaldo Energia
• Busch
• ClydeUnion Pumps
• Doosan Portable Power
• EBARA
• Elgi Equipments
• Gardner Denver
• Ingersoll-Rand
• ITT
• Kawasaki Gas Turbines
• Kirloskar Brothers
• KSB Aktiengesellschaft
• MAN Diesel & Turbo
• Mitsubishi Hitachi Power Systems
• MOTOR SICH
• Niigata Power Systems
• Pfeiffer Vacuum
• Solar Turbines
• The Weir Group

Market driver

• Growth of global petrochemical industry
• For a full, detailed list, view our report

Market challenge

• Uncertainties associated with low crude oil prices
• For a full, detailed list, view our report

Market trend

• Development of oil-free compressor systems
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Rotating Equipment Market for Oil and Gas Industry 2017-2021

Technavio recognizes the following companies as the key players in the global rotating equipment market for oil and gas industry: Atlas Copco, Flowserve, General Electric (GE), Grundfos, Siemens, and Sulzer.

Other Prominent Vendors in the market are: Ansaldo Energia, Busch, ClydeUnion Pumps, Doosan Portable Power, EBARA, Elgi Equipments, Gardner Denver, Ingersoll-Rand, ITT, Kawasaki Gas Turbines, Kirloskar Brothers, KSB Aktiengesellschaft, MAN Diesel & Turbo, Mitsubishi Hitachi Power Systems, MOTOR SICH, Niigata Power Systems, Pfeiffer Vacuum, Solar Turbines, and The Weir Group.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of oil-free compressor systems. The rising awareness about the environment has led to the formulation of stringent regulations for the improvement of air quality. Also, the demand for low-maintenance has led to the development of oil-free compressor systems.”

According to the report, one driver in the market is growth of global petrochemical industry. With the increasing demand for petrochemicals, new projects are being planned in the oil and gas downstream. This will lead to the growth of the global rotating equipment market for oil and gas industry in the petrochemical sector. As the demand rises in the petrochemical industry, more new installations of this equipment are expected to be made.

Further, the report states that one challenge in the market is uncertainties associated with low crude oil prices. Crude oil is always an unstable commodity whose price is hard to predict. This is because of the complex value chain and supply chain involved in the oil and gas industry. The price of crude oil has seen several crests and troughs in the past decades. The rise and fall in the crude prices have vaguely followed a trend over the past few years, which is now identified as the crude oil price cycle.

Companies Mentioned

Atlas Copco, Flowserve, General Electric (GE), Grundfos, Siemens, and Sulzer.Other Prominent Vendors in the market are: Ansaldo Energia, Busch, ClydeUnion Pumps, Doosan Portable Power, EBARA, Elgi Equipments, Gardner Denver, Ingersoll-Rand, ITT, Kawasaki Gas Turbines, Kirloskar Brothers, KSB Aktiengesellschaft, MAN Diesel & Turbo, Mitsubishi Hitachi Power Systems, MOTOR SICH, Niigata Power Systems, Pfeiffer Vacuum, Solar Turbines, and The Weir Group.