Static and Rotating Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Static Equipment {Heat Exchangers, Boilers, Furnaces, Valves, Others}, Rotating Equipment {Pumps, Compressors, Turbines, Others}), By Application (Upstream, Midstream, Downstream), By Location (Onshore, Offshore), By Region, and By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 36.27 Billion
CAGR (2026-2031)	6.07%
Fastest Growing Segment	Upstream
Largest Market	North America
Market Size (2031)	USD 51.65 Billion

Market Overview

The Global Static and Rotating Equipment Market will grow from USD 36.27 Billion in 2025 to USD 51.65 Billion by 2031 at a 6.07% CAGR. The Global Static and Rotating Equipment Market encompasses a broad category of industrial machinery divided into stationary components, such as boilers, valves, heat exchangers, and pressure vessels, and dynamic devices like pumps, compressors, and turbines. The market is primarily propelled by the accelerating pace of industrialization in emerging economies and the rising global demand for energy, which necessitates substantial infrastructure development in the power generation and oil and gas sectors. Furthermore, the imperative to retrofit aging facilities with energy-efficient systems to comply with stringent environmental regulations acts as a distinct driver supporting sustained demand for modern equipment.

One significant challenge that could impede market expansion is the prevailing economic volatility and geopolitical instability, which often results in fluctuating raw material costs and delayed capital investment decisions. This uncertainty dampens manufacturing output and restricts the ability of heavy industries to commit to large-scale procurement cycles. According to VDMA, in 2024, machines and equipment worth an estimated €3.26 trillion were manufactured worldwide, representing a 1.5 percent decrease in euro terms compared to the previous year. This contraction in global production value highlights the tangible impact of these economic headwinds on the broader machinery landscape.

Key Market Drivers

Escalating global energy demand and power generation requirements are fundamentally reshaping the market for static and rotating equipment. As nations strive to secure reliable electricity supplies while transitioning to sustainable sources, there is a surge in procurement for turbines, generators, and transformers. This momentum is particularly evident in the integration of renewable energy grids, which require extensive infrastructure upgrades to handle intermittent loads. According to the International Energy Agency (IEA), June 2024, in the 'World Energy Investment 2024' report, global energy investment is projected to exceed USD 3 trillion for the first time in 2024, with approximately USD 2 trillion allocated to clean energy technologies. This massive capital injection directly fuels the deployment of advanced machinery necessary for both traditional and renewable power generation facilities, creating sustained demand for high-performance industrial components.

The expansion of upstream and downstream oil and gas activities further solidifies market growth, driving demand for heavy-duty pumps, compressors, and pressure vessels. Exploration and production projects require robust rotating equipment to handle increasing extraction complexities, while downstream refining operations depend heavily on static components for chemical processing. According to OPEC, September 2024, in the 'World Oil Outlook 2024', the global oil sector requires a cumulative investment of USD 17.4 trillion between 2024 and 2050 to meet future demand. This investment cycle frequently parallels capacity increases in the petrochemical sector, which relies on similar industrial hardware for manufacturing processes. According to the American Chemistry Council, June 2024, in the 'Mid-Year 2024 Situation & Outlook', capital spending in the U.S. chemical industry was expected to grow by 2.3% in 2024. These expenditures underscore the critical role of industrial equipment in sustaining energy and chemical production chains.

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Key Market Challenges

The prevailing economic volatility and geopolitical instability represent a substantial barrier to the expansion of the Global Static and Rotating Equipment Market. This uncertainty disrupts the supply chain by causing unpredictable fluctuations in raw material prices, which complicates pricing strategies for long-term manufacturing contracts. More critically, these instability factors compel major industrial players in the oil, gas, and power sectors to delay or suspend vital capital investment decisions. Since static and rotating equipment require significant upfront capital, any hesitation in infrastructure development directly translates to reduced order volumes for manufacturers of pumps, valves, and compressors.

The impact of this cautious investment climate is quantitatively evident in recent industry performance. According to VDMA, in 2024, overall orders in the mechanical engineering sector declined by 8 percent in real terms compared to the prior year. This reduction in incoming orders highlights a tangible slowdown in global procurement activity as companies prioritize liquidity over asset expansion. Consequently, the market faces a stagnation phase where the lack of new projects hampers the revenue potential for equipment suppliers worldwide.

Key Market Trends

Implementation of AI-Driven Predictive Maintenance Strategies is fundamentally altering the operational lifecycle of static and rotating assets. Industrial operators are increasingly deploying machine learning algorithms to analyze vibration, temperature, and pressure data in real-time, thereby preventing catastrophic failures and optimizing maintenance schedules. This shift moves the industry from reactive repairs to prescriptive asset management, significantly reducing unplanned downtime in critical refineries and power plants while extending the useful life of expensive machinery. According to Rockwell Automation, April 2024, in the 'State of Smart Manufacturing Report', 83% of manufacturers anticipated using generative AI in their operations in 2024, highlighting the rapid integration of advanced computational intelligence into industrial workflows.

The Development of Hydrogen-Ready and Carbon Capture Compatible Equipment represents a critical technological evolution driven by strictly enforced decarbonization mandates. Manufacturers are re-engineering compressors, turbines, and pressure vessels to handle the specific metallurgical challenges of hydrogen embrittlement and high-pressure carbon dioxide injection. This trend necessitates the use of advanced alloy compositions and specialized sealing systems to ensure safety and efficiency in emerging green energy value chains. According to the Hydrogen Council, September 2024, in the 'Hydrogen Insights 2024' report, committed investment in clean hydrogen projects reaching the final investment decision stage surged to USD 75 billion in 2024, underscoring the massive capital flow supporting the deployment of this specialized infrastructure.

Segmental Insights

The Upstream segment is positioned as the fastest-growing category within the Global Static and Rotating Equipment Market, primarily due to escalating investments in oil and gas exploration activities. As global energy consumption rises, operators are increasing production from both new and maturing fields, which creates a strong requirement for critical apparatus such as compressors and pumps. This expansion is aligned with supply outlooks from the International Energy Agency, which underscore the persistent need for reliable extraction infrastructure. Consequently, the sector is witnessing heightened procurement of mechanical systems essential for efficient resource recovery.

Regional Insights

North America maintains a leading position in the Global Static and Rotating Equipment Market, driven primarily by extensive investments in the upstream and midstream oil and gas sectors. The region benefits significantly from continuous shale gas exploration and the necessary modernization of aging industrial infrastructure. Furthermore, strict environmental mandates enforced by the United States Environmental Protection Agency compel manufacturers to upgrade machinery to ensure operational safety and emission compliance. This regulatory environment, coupled with the expansion of downstream chemical processing facilities, fosters a consistent demand for reliable industrial components across the continent.

Recent Developments

• In November 2025, Baker Hughes announced a significant order for 25 aeroderivative gas turbines from Dynamis Power Solutions to support mobile power generation across upstream and industrial operations. The contract, booked in the third quarter of 2025, included the supply of high-capacity turbines which were set to anchor a new fleet of mobile power units. These advanced turbines were selected to deliver high power density and operational flexibility for drilling and processing activities in remote locations. This collaboration highlighted the growing industry demand for reliable, deployable energy solutions to ensure resilience and efficiency in critical oil and gas infrastructure projects.
• In December 2024, the Atlas Copco Group completed the acquisition of Metalplan Equipamentos LTDA, a Brazilian manufacturer of screw compressors and air treatment equipment. This strategic move was intended to strengthen the group's market presence in Brazil and the wider Latin American region. The acquired entity, which also manufactured chillers and renewable energy products, was integrated into the Industrial Air division within the Compressor Technique Business Area. Through this collaboration, Atlas Copco aimed to leverage a broader portfolio of products and services to better serve diverse industrial segments and enhance its support for customers across the South American market.
• In November 2024, Alfa Laval unveiled the T25 semi-welded plate heat exchanger, a compact solution engineered to support the decarbonization of the global energy landscape. This new product was specifically designed to handle high-pressure applications and optimize energy efficiency in green hydrogen production, renewable energy storage, and industrial heat pumps. The equipment featured specialized innovations to extend gasket lifespan and ensure superior sealing, addressing the rigorous demands of modern clean energy systems. By launching this technology, the company aimed to facilitate the scale-up of sustainable energy sources while offering increased capacity in a reduced footprint for heavy process industries.
• In August 2024, Flowserve Corporation signed a definitive agreement to acquire MOGAS Industries, a privately held provider of mission-critical severe service isolation valves, for a purchase price of $290 million. This strategic transaction was designed to significantly expand the company's exposure to the mining and mineral extraction sectors while doubling its direct presence in these markets. By integrating the acquired entity’s differentiated valve products and extensive installed base, Flowserve aimed to enhance its aftermarket potential and accelerate growth within its Flow Control Division. The deal underscored the organization's focus on diversifying its portfolio and strengthening its position in severe service flow control applications.

Key Market Players

• TechnipFMC plc
• Alfa Laval AB
• Atlas Copco AB
• Siemens AG
• Metso Outotec Oyj
• Sulzer Ltd.
• Pentair plc
• Flowserve Corporation
• Mitsubishi Heavy Industries, Ltd.
• Doosan Heavy Industries & Construction Co., Ltd.

By Type	By Application	By Location	By Region
Static Equipment {Heat Exchangers Boilers Furnaces Valves Others} Rotating Equipment {Pumps Compressors Turbines Others}	Upstream Midstream Downstream	Onshore Offshore	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Static and Rotating Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Static and Rotating Equipment Market, By Type:

• Static Equipment {Heat Exchangers
• Boilers
• Furnaces
• Valves
• Others}
• Rotating Equipment {Pumps
• Compressors
• Turbines
• Others}

• Static and Rotating Equipment Market, By Application:

• Upstream
• Midstream
• Downstream

• Static and Rotating Equipment Market, By Location:

• Onshore
• Offshore

• Static and Rotating Equipment Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE