Transparency Market Research Report Added "Oil and Gas Static and Rotating Equipment Market" to its database.
Albany, NY -- (SBWIRE) -- 07/15/2015 -- Substantial growth in the oil and gas industry is expected to drive global demand for static and rotating equipment market. Demand in the static and rotating equipment market is primarily driven by the increasing energy demand around the world. Furthermore, boost in the oil and gas demand is anticipated to accelerate growth in the global static and rotating equipment market. Increasing research and development in the equipment market is anticipated to propel growth in the global static and rotating equipment market for the oil and gas industry. The global static and rotating equipment market is projected to register substantial growth over the forecast period on account of factors mentioned above; these factors are further likely to attract investment in the static and rotating equipment market. The market players' focus on delivering solutions designed to improve the productivity of oil and gas customers by working with customers to establish a performance baseline and further by optimizing equipment availability.
Browse Full Report with TOC:
The global market for static and rotating equipment service market can be fragmented on the basis of product type, application as well as on the basis of geography to provide a holistic view of the market. Market on the basis of product types can be broadly segmented on the basis of static and rotating equipment. On the basis of static equipment, the global market for static and rotating equipment can be segmented as heat exchangers, furnaces, piping, reactors, distilling columns, and tanks. Further on the basis of rotating equipment, the global market for static and rotating equipment can be segmented as pumps, compressors, turbine, motors, engines and fans. The market on the basis of static and rotating equipment application can be segmented as onshore and offshore oil and gas applications.
Rise in the offshore activities is projected to drive growth in the static and rotating equipment market. The global market for static and rotating equipment is estimated to increase rapidly in the future. Market's growth is primarily driven by increasing global demand for oil and gas which further drives growth in the global oil and gas production. Additionally, technological advancements and developments are anticipated to propel growth in the global static and rotating equipment market. Operational challenges while using rotating equipment may hamper growth in the global static and rotating equipment market. However, installation of machine guards is anticipated to offset the restrain mentioned above and is likely to further drive growth in the global static and rotating equipment market. North America is one of the key growth markets for static and rotating equipment; the market growth is primarily driven by the rise in the offshore activities in the region. Asia Pacific and Europe are estimated to be the key regions of growth in the global static and rotating equipment market.
Early buyers will receive 10% customization on Reports:
The global static and rotating equipment market is fragmented in nature with market players dominating regionally. The market players adopt customer strategies and strategic partnership to gain competitive advantage. Moreover, market players also adopt strategies of mergers and acquisition and product development. Adopting these market strategies, the market players are able to increase their market penetration and diversify their product portfolio. Some of the key players in the global static and rotating equipment market include Flowtech Energy, General Electric Company, Grayford Industrial, John Wood Group PLC, Maser, Siemens AG, and The Weir Group PLC.
Read More Report on Energy & Mining Market:
About Transparency Market Research
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Transparency Market Research
90 State Street,
NY - 12207
USA - Canada Toll Free 866-552-3453