Research and Markets: Static and Rotating Equipment (Oil and Gas) Market by Static Equipment and Rotating Equipment - Global Industry Analysis 2014 - 2022
Research and Markets (http://www.researchandmarkets.com/research/9sb6m9/static_and)
has announced the addition of the "Static
and Rotating Equipment (Oil and Gas) Market by Static Equipment and
Rotating Equipment - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2014 - 2022" report to their offering.
The global market for static and rotating equipment stood at USD
26,558.63 million in 2013, and is anticipated to grow at a CAGR of 3.7%
from 2014 to 2022, reaching USD 35,868 million by 2022.
Both static and rotating equipment are manufactured by various OEMs
across the world, who supply the same either directly to E&P companies
or through EPC contractors. Sluggish demand and a hostile macroeconomic
outlook have decreased the demand considerably, which has translated to
pricing pressures for manufacturers.
Numerous manufacturers are trying to differentiate their products
through brand identification strategies and building up on product
quality. Manufacturers are also focusing on reining in costs through
numerous lean management strategies and other cost-cutting measures.
Cutbacks in E&P expenditure are expected in the near future as oil and
gas operators struggle to maintain margins in the current price regime.
The upstream sector is expected to be the most affected by these
macroeconomic developments. However, the midstream sector is expected to
witness strong investments within the forecast period as natural gas
continues to play an increasingly vital role in the global energy mix.
North America was the largest market for static and rotating equipment
globally in 2013 and is expected to retain its position as the market
leader throughout the forecast period. North America's growth would be
cemented by new oil sands projects in Canada, re-opening of offshore E&P
activities in the Gulf of Mexico, privatization of Mexico's hydrocarbons
sector, and a continued focus towards drilling more shale wells and
developing the LNG industry.
Sluggish growth can however be observed in Europe as operators struggle
to maintain margins in the high cost upstream industry and more
refineries are mothballed. The refining industry is expected to
contribute considerably to this increase in equipment demand with most
of the demand coming from the Middle East, wherein large refining
complexes are currently under construction. Asia Pacific is expected to
invest in developing its downstream sector further while upgrades can be
observed in Russian refineries, as numerous old complexes have shutdown.
North American refiners are also likely to maintain a bullish outlook
for the refining sector driven by low feedstock prices. The global
midstream sector would also witness significant growth within the
forecast period with Australia expected to emerge as one of the largest
LNG exporters globally in the near future. North American companies are
also focusing on the LNG market and are expected to invest in large
liquefaction capacity additions in an attempt to increase natural gas
exports to Asia Pacific.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Static and Rotating Equipment (Oil and Gas) Market - Industry
Chapter 4 Aftermarket Service, Raw Material, and Labor Outlook
Chapter 5 Static and Rotating Equipment (Oil and Gas) Market:
Chapter 6 Oil and Gas Static Equipment Market: Type Analysis
Chapter 7 Oil and Gas Rotating Equipment Market: Type Analysis
Chapter 8 Static and Rotating Equipment (Oil and Gas) Market: Regional
Chapter 9 Company Profiles
- Alfa Laval AB
- Atlas Copco AB
- Doosan Group
- FMC Technologies Inc.
- Flowserve Corporation
- General Electric Company
- Metso Oyj
- Mitsubishi Heavy Industries Ltd.
- OAO TMK
- Pentair plc
- Siemens AG
- Sulzer Limited
- Technip S.A.
- Tenaris S.A.
For more information visit http://www.researchandmarkets.com/research/9sb6m9/static_and
View source version on businesswire.com: http://www.businesswire.com/news/home/20151006006615/en/
Copyright Business Wire 2015
Source: Business Wire
(October 6, 2015 - 12:30 PM EDT)
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