Report

Rotating Equipment Sales and Services Market: Development, Opportunities and Market Outlook (2016-26)

Oil and Gas industry is heavily integrated with the usage of many engineering technologies and advancements. Various equipments, both static and rotary in nature are implemented in the industry for carrying out specific jobs. These equipment are also prone to wear down or failure, thus bringing in a need of equipment sales and services market in the industry.

Equipments which utilize implementation of kinetic energy into a process in order to move material are generally classified as rotating equipments. They are used to perform variety of different tasks but generally consist of a rotating part in the overall equipment. Turbines, pumps, compressors, gearboxes, engines etc. are some rotating equipments that are commonly used in the Oil and Gas industry. Rotating Equipment Sales and Services provider companies are those which provide the equipment and also provide the repairing and maintaining services for the same.

The tremendous overall growth in the Oil and Gas industry across the globe marks a substantial growth in Rotating Equipment Sales and Services Market. The Market had an estimated worth of xx Billion dollars in 2016, and is growing at a steady rate of XX% every year. Our extensive and in-depth analysis concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Technology and services overview:

Service provider companies are usually the leaders in technological advancements as the market is very competitive in nature. Therefore, there is a pre-requisite need of research and development of newer technologies so as to reduce the cost of a project and provide competitive pricing along with efficient services. The services provided can primarily be classified on the following basis.

  1. Technology and equipment provision
  2. Equipment maintenance and repairing services
  3. Consulting and analysis of procedure and equipment

The Rotating Equipments can be primarily classified on the basis of the part of industry they are being used in, which are:

  • Upstream sector rotating equipments
  • Downstream sector rotating equipments

The various types of services and equipments that are provided by Rotating Equipment Serviceproviders are as follows:

  • Rotating equipment sale and renting
  • Installation services
  • Rotating equipment designing and process optimization services
  • Repairing and Maintenance services
  • Rotating Equipment Advisory Services
  • Equipment and System upgrades
  • Spare parts sale and installation etc.

Various types of rotating equipment are used in the industry. Some of them are as follows:

  • Compressors
  • Centrifuges
  • Gearbox
  • The Pump
  • Turbines
  • Engines
  • Rotary Steerable Systems etc.

Comprehensive analysis of Rotating Equipment Sales and Services along with technology, equipment, advancements, procedures and applications etc. is provided in the report.

The primary driver of the market is the concurrent oil price which significantly drives the costs of services and equipments. The market is also driven by advancements in rotary equipment technologies, increasing competition with growing number of players, growing need of efficiency of processes etc. Higher maintenance and repair costs and needs may significantly reduce their usage in isolated operations, such as offshore drilling. In-house repairing and maintenance unit development by operators, higher costs than available static counter parts etc., may also pose a challenge to Rotating Equipment Sales and Services Market. However, reducing operational expenditures, developing cost effective and efficient technologies can increase the revenue generated by service providers and therefore can become an opportunity for the market on a whole along with steady oil prices.

Competitive analysis of major market players such as Alfa Laval AB, Sulzer Limited, FMC Technologies Inc., Atlas Copco AB, GE, Siemens AG, Mitsubishi Heavy Industries Ltd., Tenaris SA, Pentair plc, Technip SA, and Doosan Group etc. is covered in the report.

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By Location:

  • On shore
  • Off shore

By Segment:

  • Upstream
  • Downstream

By Service Required:

  • Rotating equipment sale and renting
  • Installation services
  • Rotating equipment designing and process optimization services
  • Repairing and Maintenance services
  • Rotating Equipment Advisory Services
  • Equipment and System upgrades
  • Spare parts sale and installation
  • Others

By Equipment:

  • Compressors
  • Centrifuges
  • Gearbox
  • The Pump
  • Turbines
  • Engines
  • Rotary Steerable Systems
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Rotating Equipmet Sales and Services market
  • Market segmentation based on Location, Segment, Service Required, Equipment & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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