Global Rotating Equipment Repair Market Research Report

The data examined by GME predicted that by 2026, the Global Rotating Equipment Repair Market would grow with a CAGR value of 4.6 percent. The technical advancements in the end-use industries like oil and gas and power generation is projected to propel the rotating equipment repair industry ahead. Rotating equipment is an important part of industrial plant setups, particularly in process industries, and its continued and effective operation is essential to the plant's overall operation.

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By Type Covers (Pumps, Centrifugal Compressors, Turbines), By Applications (Oil & Gas, Power Generation, Mining, HVAC), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Key Market Insights

Mechanical elements used in a number of industries to transfer gases, liquids, and other process materials using kinetic energy are called as rotating equipment.
Pumps are growing rapidly in the market, owing to a variety of factors including increased use of these pumps in various end-use sectors such as water and wastewater treatment, oil and gas, and mining.
Considering the trend of drop of oil and gas prices, the segment of oil will be growing rapidly in the market
General Electric, MAN, Siemens, KSB, Sulzer, John Wood Group, Ebara, Basis Plant Services, Flowserve, Torishima Pump, S.T. Cotter Turbine Services, Stork, Rainbow Mechanical Solutions, TS&S, Al-Rushaid Group, Hydro, Triple EEE, MEOS, Amaru Giovanni, De PrettoIndustrie, CFATEC, and Maintenance Partners are the major vendors operating in the rotating equipment repair industry.

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Type Covers Outlook (Revenue, USD Million, 2021-2026)