Yet, whatever the type, no matter how high the quality, rotating equipment repair is a fact of industrial production. In fact, growth in this market segment is expected to continue until the end of 2028.
Why Is It Growing?
Two industries are behind the growth in this market segment. They are:
- Oil and gas
- Power generation
Their use of rotating equipment results in the ongoing need for repairs. In particular, the environment in which such machinery operates ensures the necessity of not only regular inspection but also maintenance and repair.
Repair Segments
The optimal functioning of any type of rotating equipment is the result of the constant cooperation of a variety of components. Rotating equipment repair addresses the issues of the different types of equipment listed above and others. Whether they operate in wastewater treatment, oil and gas industries, general manufacturing or power generation, rotating equipment requires repairs as the equipment ages, is damaged or undergoes external/internal stresses affecting its operation. Among the segments of the market are simple monitoring as well as upgrading, refurbishing, retrofitting and, of course, repairs. This last category is the one in which growth may prove to be the most significant.
Minimizing Rotating Equipment Repair
While repair and replacement work on rotating equipment is a given over time, it is possible to minimize any downtime. While utilizing quality equipment goes a long way, the keywords are actually “Preventive Maintenance.” If a company establishes and utilizes a regular preventive maintenance program, it reduces downtime by cutting down on the need for rotating equipment repair. However, when repairs are necessary, be sure to deal only with an accredited, reliable company.