Static and Rotating Equipment (Oil and Gas) Market to Advance at CAGR of 4.8% during 2021–2031; TMR Study – GlobeNewswire

| Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
ALBANY N.Y., April 14, 2022 (GLOBE NEWSWIRE) — Significantly growing industry investments in oil and gas purification and retailing has bolstered revenue potential of the static and rotating equipment (oil and gas) market. Rise in application of the static and rotating equipment in upstream and downstream processes has generated massive lucrative avenues. The global static and rotating equipment (oil and gas) market is estimated to reach US$ 35.6 Bn by the end of 2031.
Considerable demand for electricity in several industrialized nations has positively steered the use of static and rotating equipment. Fossil fuels still account for a major source of energy for electricity generation in numerous developed and developing countries. The aspect is boosting the need for state-of-the art refinery equipment in developed economies.
Rise in use of pumps in various upstream, midstream, and downstream activities has reinforced profitable opportunities, note the analysts in an in-depth study on the global static and rotating equipment (oil and gas) market.
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Key Findings of Static and Rotating Equipment (Oil and Gas) Market Study
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Static and Rotating Equipment (Oil and Gas) Market: Key Drivers
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Static and Rotating Equipment (Oil and Gas) Market: Regional Growth Dynamics
Static and Rotating Equipment (Oil and Gas) Market: Key Players         
Some of the prominent players in the static and rotating equipment (oil and gas) market are Wärtsilä, Doosan Group, Flowserve Corporation, Technip S.A., OAO TMK, FMC Technologies Inc., Sulzer Limited, Siemens AG, Metso Oyj, General Electric Company, Pentair plc., Atlas Copco AB, and Alfa Laval AB.
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Global Static and Rotating Equipment (Oil and Gas) Market: Segmentation
Static and Rotating Equipment (Oil and Gas) Market, by Product Type
Static and Rotating Equipment (Oil and Gas) Market, by Region
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