Static and Rotating Equipment Market Is Projected to Grow in USD 38.90 B

The global static and rotating equipment market size was USD 29.08 billion in 2020. The global impact of COVID-19 has been unmatched and staggering, with static and rotating equipment witnessing a negative demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a huge decline of 9.9% in 2020 as compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 29.84 billion in 2021 to USD 38.90 billion in 2028 at a CAGR of 3.9% in the 2021-2028 period. North America dominated the global market with a share of 29.95% in 2020. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

The latest study, Static and Rotating Equipment Market 2025, published by FBI, offers in-depth insights into both regional and global markets, which are projected to grow significantly from 2025 to 2028. This comprehensive report examines evolving market dynamics, value chain analysis, key investment areas, competitive landscape, regional trends, and essential market segments.

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Key Takeaways

• The report analyzes competitive dynamics by assessing company strategies, technological capabilities, geographical presence, revenue performance, and major strategic initiatives by leading players in the Static and Rotating Equipment market.

• The global Static and Rotating Equipment market is moderately consolidated, with prominent companies actively engaged in partnerships, innovations, and pilot projects.

• The study incorporates qualitative insights such as Static and Rotating Equipment market drivers, restraints, challenges, opportunities, regulatory frameworks, pricing trends, and Porter’s Five Forces analysis across North America, Europe, Asia-Pacific, and LAMEA regions.

• Latest developments, including government policy initiatives, R&D breakthroughs, and infrastructure projects related to hydrogen and renewable gas production, are evaluated across 18 countries in 4 regions.

• Over 2,500 relevant publications—including technical white papers, project reports, annual filings, and industry journals—have been reviewed to provide high-value intelligence on the Static and Rotating Equipment Market.

Market Segmentation

The Static and Rotating Equipment Market is segmented based on

• By Type:

  • Static Equipment (e.g., Heat Exchangers)

  • Rotating Equipment (e.g., Pumps, Compressors)

• By Application:

  • Oil & Gas

  • Power Generation

• By Region:

  • North America, Europe, Asia-Pacific

Regional/Country Market Outlook

Europe dominates the Static and Rotating Equipment market owing to strong political support, mature renewable energy infrastructure, and significant investment in hydrogen technology. Germany, the Netherlands, France, and Denmark are leading with large-scale pilot projects and hydrogen-ready infrastructure.

Asia-Pacific is emerging as a key region due to rising renewable capacity and strategic hydrogen programs in countries like Japan, South Korea, China, and Australia.

Competitive Landscape

Major companies operating in the Static and Rotating Equipment market include:

LIST OF KEY COMPANIES PROFILED:

• TechnipFMC (United Kingdom)

• Alfa Laval (Sweden)

• Atlas Copco (Sweden)

• General Electric (United States)

• Siemens AG (Germany)

• Metso Oyj (Finland)

• Sulzer Ltd. (Switzerland)

• Pentair Plc. (United States)

• Flowserve Corporation (United States)

• Wartsila Oyj Abp (Finland)

• OAO TMK (Russia)

• Doosan Group (South Korea)

• Mitsubishi Heavy Industries (Japan)

These players focus on partnerships, demonstration projects, and technological enhancements to gain a competitive edge.

Industry Trends

• Companies are investing in advanced technologies to improve efficiency and scalability.

Key Benefits for Stakeholders

• Provides quantitative and qualitative insights into the global Static and Rotating Equipment market dynamics and opportunities from 2025–2028

• Informs decision-making with Porter's Five Forces analysis and in-depth segmentation by technology, application, and region

• Maps major contributing countries by revenue and policy support

• Benchmarks leading market players and strategic initiatives

• Highlights government regulations and project funding to guide investment and development strategies