Uncertainties in Oil and Gas Market to Negatively Impact Demand for Static and Rotating Equipment

The demand for a variety of static and rotating equipment has surged in the last decade, thanks to vast investments in remote oil and gas locations and a significant rise in offshore oil exploration activities. Demand in the shale oil and gas section has especially been higher in the past years. Similarly, rapid development has been observed in the offshore drilling sector, which has now emerged as one of the major producers of oil and gas in the global market. These factors created niche opportunities for manufacturers of static and rotating equipment for the oil and gas industry. To cash in on the growth opportunities in this sector, manufacturers have come up with specialized equipment with robust capabilities and specifications that can withstand extreme temperatures and high pressures.

But the demand from unconventional drilling activities for static and rotating equipment was adversely impacted during the the oil industry crash of 2008-2009 and yet again during the downturn of 2014-2015. The falling oil prices led to a significant reduction in the number of new oil exploration projects, and presented a difficult growth path for suppliers.

Research:http://www.transparencymarketresearch.com/oil-gas-static-rotating-equipment-market.html

Analysts Predict Bleak Growth Prospects for Market

Market analysts predict that the downward trend in oil prices is here to stay for some more time. The unresolved issue of a glut in oil production, the declining demand for oil in the global market, and the rising preference for the use of alternative power sources are projected to adversely impact the dynamics of the global oil market. The situation is projected to lead to a significant decline in demand for static and rotating equipment in the near future.

A market research report published by Transparency Market Research states that the global market for static and rotating equipment for the oil and gas industry will expand at a meagre 3.7% CAGR over the period between 2014 and 2022. The uncertainties in oil and gas prices, production values, and demand on a global front will be responsible for the bleak growth opportunities before the global static and rotating equipment market.

Diversifying Operations to Enable Vendors to Overcome Growth Challenges

However, analysts also suggest that as the market comes back to a steady growth path, cancelled or stalled projects will becomes operational again in the near future. This will lead the global static and rotating market to a steady growth pace. Until then, market vendors need to explore various exploration activities and diversify more into downstream exploration activities to survive the bleak growth opportunities.

As the trend of using energy-efficient technologies and drilling equipment grows with oil and gas companies looking to cut expenses, introduction of advanced equipment can provide growth opportunities for static and rotating equipment manufacturers.

Some of the major vendors in the market are FMC Technologies Inc., Alfa Laval AB, Sulzer Limited, Pentair plc, Metso Oyj, Siemens AG, Flowserve Corporation, General Electric Company, Atlas Copco AB, Mitsubishi Heavy Industries Ltd., Tenaris SA, Technip SA, Doosan Group, and Wärtsilä.

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Rising Oil and Gas Production by Newly Launched High-Tech Equipment to Fuel Global Static and Rotating Equipment Market

Static and rotating equipment comprise a vital part within oil and gas infrastructure. Emerging technologies, including oil production via unconventional sources, are predicted to be the key demand drivers for the static equipment and rotating equipment markets in the forthcoming future.  On the basis of products, the static and rotating equipment are sub-segmented into many types. Stating equipment includes boilers, valves, heat exchangers, and furnaces. Rotating equipment includes pumps, turbines, and compressors. 

TMR, a market intelligence company, throws light on the key products and recent launches of top players operating in the market for stating and rotating equipment. 

Browse Static and Rotating Equipment Market Report with Full TOC at http://www.transparencymarketresearch.com/oil-gas-static-rotating-equipment-market.html

Alfa Laval AB: This is a Swedish company founded in 1883, and engages in specialized solutions and product manufacturing for heavy industries. Alfa Laval provides one of the most extensive product ranges in marine boilers. The first marine boiler was designed in 1919 in Denmark. The boilers have been utilized in the refining industry for cooling and generation of steam.

• Aalborg OS-TCi – This oil-fired Aalborg OS-TCi is a high-efficiency boiler used in steam production.

• Aalborg OS – This is a standard preassembled boiler in which high performance is ensured through the utilization of pin-tube elements that are optimally designed.

• Aalborg OM – This is a medium-capacity, high performance oil-fired auxiliary boiler utilized for hot water or steam production.

Pentair plc: Pentair is a global leader engaged in making automation solutions and valves for solving critical challenges. It has relief valves for the prevention of catastrophic equipment failure, control valves for super critical steam power plants, and high integrity isolation valves for high temperature situations. Apart from these, the significant valves made by Pentair include:

• Pressure Relief Valves – Pentair has been keeping assets and employees safe via both direct spring operated pressure relief valves and pilot-operated valves. The applications of these valves include liquid, steam, gas, multi-phase, and air flow conditions. 

• Quarter Turn Valves – Pentair has introduced a full range of quarter-turn valves such as highly engineered triple-offset, lined butterfly, resilient-seated butterfly, trunnion-mounted, and floating ball valves. These valves can be configured and customized in accordance with a broad range of industrial applications.

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Doosan Group: This company was founded in 1904 after the Doosan Škoda Power's antecedent manufactured the 412 kW steam turbine. Since then, the company has been expanding its turbine production. Its gas turbines, particularly aero derivative gas turbines, have been deployed in both onshore and offshore oil and gas facilities for power generation and mechanical drive. 

• Bleeder, back-pressure, and condensing turbines: These turbines have been broadly used in a number of major industries such as desalination, chemicals, and steel. 

• Saturated Stream Turbine Technology: Doosan Group has been the leading manufacturer of saturated stream turbine technology utilized in nuclear plants. These turbines are optimized in accordance with the high demands of nuclear technology and are optimized for increased power and efficiency. 

These product launches are poised to have a positive effect on the overall market, although the money invested in such equipment is to a great extent dependent on the E&P budget and planned capital expenditure of key oil and gas companies.