Rotating Equipment Repair Market to Rake In Revenues worth Over US$ 25 Bn by End of 2018-2028
Verfasser: yogesh on Tuesday, 2 April 2019Strongly supported by the growth of oil & gas and power generation industries, the global demand for rotating equipment repair is likely to remain steady over the next few years. Rotating equipment play a vital role in different end-use industrial applications and require inspection, maintenance, repair, and other regular services. With the demand for rotating equipment on a stable growth trajectory, the consumption of rotating equipment repair services and maintenance will also remain steady through 2028, according to a Persistence Market Research study.
The rotating equipment repair market is expected to witness an increase in the demand for rotating equipment repair services from oil & gas and power generation industries. The report anticipates global market revenue to surpass the valuation of US$ 25 Bn by 2028 end.
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Oil & Gas and Power Generation Applications to Account for over 55% of Total Market Value through 2028