Rotating Equipment Repair Market is Expected to Expand at a CAGR of 5%, Reaching US$ 32,047.2 Million by 2034 | Fact.MR Report [Yahoo! Finance]
GE Aerospace (GE)
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Source: Yahoo! Finance
Rockville, MD , Nov. 18, 2024 (GLOBE NEWSWIRE) -- The global Rotating Equipment Repair Market is estimated to reach US$ 19,674.2 million in 2024 and expand at a steady 5% CAGR through 2034. The market is forecast to attain a valuation of US$ 32,047.2 million by 2034. Growth in industrial sectors like manufacturing, energy, and petrochemicals is raising the demand for rotating equipment repairs for uninterrupted operations. Additionally, aging infrastructure and machinery also necessitate frequent maintenance and repairs for a better lifespan. Surging use of preventive maintenance strategies is increasing the demand for regular inspection and repair services. Further, the implementation of strict environmental regulations to meet the current emission standards and lower energy consumption is also increasing the applications of rotating equipment repair services. For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep
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