Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Rotating Equipment Market size was valued at USD 29.34 billion in 2024 and is expected to reach USD 49.47 billion by 2037, expanding at around 4.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of rotating equipment is assessed at USD 30.3 billion.
The market is primarily driven by the rapid industrialization of the world. According to a report, industrialization is expanding quickly, at a rate of 57%. Additionally, the number of people working in industry worldwide is increasing at a rate of 23%. Rotating equipment is an essential component of industrial settings, and the efficient performance of this equipment is essential to the operation of every other gear.
The petroleum and oil sectors frequently employ rotating machinery. Kinetic energy is used by machinery and equipment to move fluids, gases, and other goods. Additionally, the smoother and more efficient duties brought about by technical developments in production drive the manufacturer's demand for high-performance equipment. The growth of new projects in various industries contributes to the market share diversification of rotating equipments.
