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 Analysis

Chapter 4 Aftermarket Service, Raw Material, and Labor Outlook

Chapter 5 Static and Rotating Equipment (Oil and Gas) Market: Classification Analysis

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 Analysis

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.

- Wärtsilä

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