Rotating Equipment Repair Market Report 2025 (Global Edition)

Global Rotating Equipment Repair Market Report 2025 Market Size Split by Application (Oil & Gas, Power Generation, Mining, HVAC, Water & Waste Water Treatment, Gen...

Rotating Equipment Repair Market Report Description

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Competitive Landscape of the Rotating Equipment Repair Market

The competitive landscape of the rotating equipment repair market is characterized by the presence of both OEMs and third-party service providers offering a diverse range of repair solutions. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Rotating Equipment Repair Industry: (In no particular order of Rank)

• The Weir Group PLC
• Flowserve Corporation
• General Electric Company
• Siemens AG
• KSB SE & Co. KGaA
• Ebara Corporation
• Sulzer AG
• John Wood Group PLC
• Torishima Pump Mfg. Co. Ltd
• MAN ES
• Stork
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Rotating Equipment Repair

Which Region Dominates the Rotating Equipment Repair Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to its advanced industrial infrastructure, significant investments in maintenance and repair activities, and the presence of leading OEMs and service providers. The region's robust manufacturing, oil & gas, and power generation sectors drive the demand for repair services for critical rotating equipment such as pumps, turbines, and compressors. Additionally, stringent regulatory standards and a focus on operational efficiency further contribute to North America's dominance in the rotating equipment repair market.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is experiencing the fastest growth due to its booming industrial sector, particularly in emerging economies. The region's increasing investments in infrastructure development, manufacturing, and energy production are driving the demand for repair services to maintain and optimize essential machinery. Additionally, favorable government policies, growing awareness of the importance of equipment maintenance, and the presence of key market players are further propelling the growth of the rotating equipment repair market in Asia Pacific.

The current report Scope analyzes Rotating Equipment Repair Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Rotating Equipment Repair Market Analysis

According to Cognitive Market Research, the global Rotating Equipment Repair market size was estimated at USD 18512.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 7404.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. In North America, Rotating Equipment Repair market is fuelled by the market due to the region's robust industrial and manufacturing sectors, particularly in industries such as oil & gas, power generation, and chemical processing. Among these segments, the oil & gas industry notably boosts the rotating equipment repair market due to its extensive use of pumps, compressors, and turbines in extraction, refining, and distribution processes. Additionally, stringent regulations governing equipment maintenance and safety standards contribute to the demand for repair services in North America, as companies strive to comply with regulatory requirements and ensure operational reliability.

• According to Cognitive Market Research, the US had a major share in the Rotating Equipment Repair market with a market size of USD 5842.45 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the country's diverse industrial landscape. 
• The Canada Rotating Equipment Repair market had a market share of USD 885.59 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period due to the country's thriving energy sector.
• The Mexico Rotating Equipment Repair market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 673.84 million in 2024.

 

Europe Rotating Equipment Repair Market Analysis

According to Cognitive Market Research, with a market value of USD 18512.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 5553.66 million as stringent regulations regarding environmental protection and workplace safety are significant drivers of the rotating equipment repair market, as industries prioritize compliance and sustainability. Additionally, the region's focus on energy efficiency and reducing carbon emissions fuels the demand for repair services to optimize the performance of rotating equipment. Among the segments, the refurbishment and upgrade of pumps and compressors are particularly boosting the market, as these components are crucial in various sectors including manufacturing, oil & gas, and water treatment.

• The United Kingdom Rotating Equipment Repair market had a market share of USD 933.01 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Rotating Equipment Repair market witness an upswing due to the nation's diverse industrial landscape, encompassing sectors. 
• The France Rotating Equipment Repair market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 510.94 million in 2024.
• According to Cognitive Market Research, the Germany Rotating Equipment Repair market size was valued at USD 1099.62 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Rotating Equipment Repair market surge due to the country's strong industrial base, including sectors. 
• The Italy Rotating Equipment Repair market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD 477.61 million in 2024.
• The Russia Rotating Equipment Repair market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 860.82 million in 2024.
• The Spain Rotating Equipment Repair market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 455.40 million in 2024.
• The Luxembourg Rotating Equipment Repair market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 172.16 million in 2024.
• The Portugal Rotating Equipment Repair market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 116.63 million in 2024.
• The Greece Rotating Equipment Repair market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 66.64 million in 2024.
• Rest of Europe Rotating Equipment Repair market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 860.82 million in 2024.

Asia Pacific Rotating Equipment Repair Market Analysis

According to Cognitive Market Research, the global Rotating Equipment Repair market size was estimated at USD 18512.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4257.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. The Asia Pacific region is experiencing growth due to the increasing demand for energy, infrastructure development, and manufacturing activities fuels the need for maintenance and repair services for rotating equipment across various sectors. Among the segments, the oil and gas industry stands out as a significant driver, given its substantial reliance on rotating machinery for extraction, refining, and transportation processes. Furthermore, the power generation sector also contributes significantly to the market growth, with a growing focus on renewable energy sources.

• According to Cognitive Market Research, the China Rotating Equipment Repair market size was valued at USD 1916.01 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Rotating Equipment Repair market surge in China due to the growing industrialization and modernization efforts in China's manufacturing, energy, and infrastructure sectors.
• The Japan Rotating Equipment Repair market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 587.58 million in 2024.
• The India Rotating Equipment Repair market had a market share of USD 510.94 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The demand is augmented by the growing industrialization across sectors such as manufacturing, oil & gas, power generation, and infrastructure development.
• The South Korea Rotating Equipment Repair market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 425.78 million in 2024.
• The Australia Rotating Equipment Repair market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 221.41 million in 2024.
• The South East Asia Rotating Equipment Repair market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 293.79 million in 2024.
• The Rest of Asia Pacific Rotating Equipment Repair market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 302.30 million in 2024.

South America Rotating Equipment Repair Market Analysis

According to Cognitive Market Research, the global Rotating Equipment Repair market size was estimated at USD 18512.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 925.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Rotating Equipment Repair market in Latin America are experiencing growth due to the region's expanding industrial sector, particularly in sectors such as oil & gas, mining, and power generation. The need to maintain aging infrastructure and optimize operational efficiency is fueling the demand for repair services. Additionally, stringent environmental regulations are prompting industries to prioritize maintenance and refurbishment of existing equipment to minimize environmental impact. One segment that significantly boosts the market is the oil & gas industry, which relies heavily on rotating equipment for exploration, production, and refining operations.

• According to Cognitive Market Research, the Brazil Rotating Equipment Repair market size was valued at USD 396.16 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Rotating Equipment Repair sales flourish in Brazil due to the growing demand for maintenance services in Brazil's oil and gas sector.
• The Argentina Rotating Equipment Repair market had a market share of USD 155.50 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand is augmented by country's industrial sector's need to maintain and optimize essential machinery utilized in various industries.
• The Colombia Rotating Equipment Repair market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 82.38 million in 2024.
• The Peru Rotating Equipment Repair market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 75.90 million in 2024.
• The Chile Rotating Equipment Repair market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 66.64 million in 2024.
• The Rest of Latin America Rotating Equipment Repair market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 149.02 million in 2024.

Middle East Rotating Equipment Repair Market Analysis

According to Cognitive Market Research, the global Rotating Equipment Repair market size was estimated at USD 18512.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 370.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. MEA experiences an upswing in Rotating Equipment Repair market driven by the thriving oil and gas industry, where pumps, turbines, and compressors are extensively utilized in extraction, refining, and transportation processes. Additionally, the region's expanding power generation, water treatment, and industrial manufacturing sectors also contribute to the demand for repair services. Among these segments, the oil and gas industry stands out as the key driver, with ongoing maintenance requirements and the need to optimize operational efficiency.

• According to Cognitive Market Research, the GCC Countries Rotating Equipment Repair market size was valued at USD 158.46 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Rotating Equipment Repair sales flourish in the GCC Countries due to the region's thriving oil and gas industry.
• The Egypt Rotating Equipment Repair market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 38.88 million in 2024.
• The South Africa Rotating Equipment Repair market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 58.50 million in 2024. Rotating Equipment Repair market flourish in the South Africa due to the country's mining sector, which heavily relies on pumps, motors, and other rotating equipment.
• The Turkey Rotating Equipment Repair market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 31.84 million in 2024.
• The Nigeria Rotating Equipment Repair market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 38.88 million in 2024.
• The Rest of MEA Rotating Equipment Repair market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 43.69 million in 2024.

Rotating Equipment Repair Market Analysis

Rotating Equipment Repair Application Segment Analysis

According to Cognitive Market Research, oil & gas held the major market share over the forecast period due to the extensive use of machinery such as pumps, compressors, and turbines in extraction, refining, and distribution processes. The harsh operating conditions, high demand for uptime, and stringent safety regulations in the industry necessitate frequent maintenance and repairs, driving significant demand for specialized services. Consequently, service providers catering to the oil and gas sector hold a substantial share of the rotating equipment repair market, leveraging their expertise and capabilities to support the industry's critical infrastructure.

Power generation is the second most dominant due to the consistent demand for maintenance and upkeep of turbines, generators, and associated machinery in power plants. This segment is characterized by a high volume of rotating equipment requiring regular servicing to ensure uninterrupted power supply, driving the repair market's growth. With the global emphasis on energy efficiency and sustainability, the need for reliable repair services for power generation equipment continues to fuel its prominence in the market.

• Oil & Gas
• Power Generation
• Mining
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Rotating Equipment Repair Industry. Request a Free Sample PDF!

Rotating Equipment Repair Type Segment Analysis

According to Cognitive Market Research, pump repair hold a prominent market share due to the widespread use of pumps across various industries such as manufacturing, oil and gas, and water treatment. Pumps are essential components in industrial processes, necessitating frequent maintenance and repair to ensure continuous operation, thereby driving demand for pump repair services. Additionally, specialized expertise and technology are required for effective pump repair, creating a barrier to entry for competitors and consolidating the market around experienced service providers.

Compressor repair is the fastest-growing category over the forecast period due to the increased industrialization, the expansion of manufacturing sectors, and the rising demand for energy-efficient solutions. Additionally, advancements in technology have enabled more precise diagnostics and efficient repair processes, driving further growth in this sector. With a focus on minimizing downtime and optimizing performance, compressor repair services are becoming increasingly essential for industries reliant on rotating equipment.

• Pump Repair
• Compressor Repair
• Turbine Repair
• Motor Repair
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Rotating Equipment Repair Nature of Service Segment Analysis

• Condition Monitoring & Reliability Services
• ??Reverse Engineering & Upgrade
• ??Repair & Refurbish & Retrofit
• ??Installation and Commissioning
• ??Components & Operating Software Upgrade
• ??

Rotating Equipment Repair Sales Channel Segment Analysis

• ??Direct OEM-based
• ??Independent Service Vendor-based

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion