Rotating Equipment Market is Expected to grow at a robust CAGR of 4.23% through 2030F
The increasing global rotating equipment
market is driven by shift toward predictive maintenance and real-time
monitoring, rising demand for energy-efficient equipment during the forecast
period 2026-2030F.
According to TechSci Research report, “Rotating Equipment Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, The
Global Rotating Equipment Market was valued at USD 29.16 Billion in 2024 and is
expected to reach USD 37.73 Billion by 2030 with a CAGR of 4.23% during the
forecast period. One of the most significant trends in the rotating equipment
market is the shift from reactive to predictive maintenance. Traditional
maintenance methods relied heavily on scheduled inspections or breakdown-based
servicing. However, modern industries now prioritize equipment that offers
real-time diagnostics, health monitoring, and predictive analytics. This trend
is driven by the growing adoption of sensors, Industrial Internet of Things
(IIoT), and machine learning algorithms that analyze vibration, temperature,
pressure, and torque data to detect early signs of wear or malfunction.
Predictive maintenance not only reduces unplanned downtime but also helps
extend equipment life, lowers maintenance costs, and improves plant safety.
In addition, cloud-based platforms and
mobile-enabled dashboards now allow operators to access equipment data
remotely, triggering alerts before failures occur. These systems also help in
optimizing spare parts inventory and service scheduling. As industries
prioritize operational efficiency and uptime, manufacturers of rotating
equipment are incorporating condition-monitoring features as a standard
offering. Furthermore, predictive maintenance is particularly gaining traction
in sectors such as oil & gas, power generation, and water treatment—where
equipment failures can result in critical process disruption. This trend is
expected to continue strengthening as digitalization becomes more widespread
and as companies recognize the ROI of intelligent monitoring.
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Rotating Equipment Market"
Based on type, Turbines is the fastest growing
segment in the global Rotating Equipment market during the forecast period, due to their critical
role in power generation, renewable energy expansion, and industrial efficiency
initiatives. As energy demand rises and the global focus shifts toward cleaner
power sources, turbines—especially gas, steam, and wind turbines—are witnessing
accelerated adoption across multiple sectors. In the power generation industry,
gas and steam turbines are essential for thermal and combined-cycle power
plants. Many countries are upgrading aging turbine infrastructure with
high-efficiency models to reduce emissions and enhance output. This is further
driven by the transition away from coal-fired plants toward natural gas-based
and hybrid systems, which rely heavily on gas turbines for stable base-load
generation.
In the renewable energy sector, wind turbines are
experiencing robust growth as governments and private entities invest in wind
farms to meet sustainability targets. Offshore and onshore wind installations
are expanding in Europe, North America, and Asia, significantly boosting demand
for large-scale, precision-engineered turbines. With renewable energy expected
to dominate new capacity additions globally, wind turbine deployment will
remain a major growth driver. Moreover, industrial facilities such as chemical
plants, refineries, and manufacturing units are increasingly adopting small to
medium-sized turbines for on-site power generation and mechanical drive
applications. These installations improve energy independence and operational
efficiency, especially where grid reliability is a concern.
Technological innovations are also fueling turbine
demand. Modern turbines feature advanced materials, digital monitoring, and
aerodynamic improvements, leading to higher thermal efficiency, reduced
maintenance, and longer operating life. Additionally, the growing use of turbines
in distributed energy systems, cogeneration plants, and waste-to-energy
facilities reflects their versatility across applications. These combined
factors—rising energy demand, renewable growth, industrial modernization, and
technological advancement—make turbines the fastest-growing type in the
rotating equipment market during the forecast period.
Based on region, Asia Pacific is the
fastest growing region in the Global Rotating Equipment Market during the
forecast period due to rapid industrialization, expanding infrastructure, and increasing
investments in energy, manufacturing, and water sectors across emerging
economies. Countries such as China, India, Indonesia, Vietnam, and Thailand are
driving strong demand for pumps, compressors, turbines, and motors to support
their growing industrial and urban needs. The region is experiencing
significant expansion in power generation—both conventional and renewable.
Large-scale investments in coal, gas, hydro, and solar power plants require a
wide range of rotating equipment for generation and transmission processes.
Governments in Asia Pacific are also prioritizing energy efficiency and
modernizing aging infrastructure, which boosts replacement demand for
high-performance equipment with advanced features like variable speed drives
and condition monitoring.
In addition, water and wastewater management projects
are surging, particularly in densely populated areas and regions facing water
scarcity. Pumps and related equipment are critical in desalination plants,
municipal supply systems, and industrial water reuse processes—making this a
major application segment in Asia. The oil & gas and petrochemical sectors
in countries like China and India are expanding refining capacities, while
Southeast Asian nations are investing in LNG terminals and pipeline
infrastructure. These facilities rely on high-efficiency compressors, turbines,
and motors for continuous operation. Furthermore, Asia Pacific benefits from a strong
manufacturing ecosystem, which includes many regional OEMs and low-cost
production hubs. This supports cost-effective supply and faster deployment of
rotating equipment across diverse end-use sectors. Urbanization, rising
middle-class populations, and government initiatives like India’s “Make in
India” and China’s “Belt and Road” are also fueling construction, food
processing, and infrastructure development—each of which depends on rotating
equipment.
Key market players in the Global Rotating
Equipment market are: -
- Siemens AG
- General Electric
- Atlas Copco AB
- Flowserve Corporation
- Sulzer Ltd
- Mitsubishi Heavy Industries
- Grundfos
- Ingersoll Rand Inc.
- Ebara Corporation
- Ansaldo Energia
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“The Global Rotating Equipment Market presents
significant opportunities driven by rising demand for energy-efficient and
smart machinery across industries. Growth in sectors such as oil & gas,
water treatment, and power generation, particularly in emerging markets, fuels
demand for advanced pumps, compressors, and turbines. The integration of IIoT
and predictive maintenance creates scope for digitalized, high-performance
equipment. Additionally, the push toward renewable energy and infrastructure modernization
offers strong prospects for turbine and motor applications. Manufacturers can
also capitalize on growing aftermarket services, modular designs, and
customization needs to build long-term customer relationships and expand their
global footprint.Top of Form” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based Global management consulting firm.
“Rotating
Equipment Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Pumps, Compressors, Turbines, Motors, Generators,
Others), By Application (Onshore, Offshore, Industrial Processing, Energy
Production, Others), By End-User (Oil & Gas, Power Generation, Water &
Wastewater Treatment, Chemicals & Petrochemicals, Others), By Region, and
By Competition, 2020-2030F,”
has evaluated the future growth potential of Global Rotating Equipment Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Rotating Equipment
Market.
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