The demand for machinery and equipment tends to follow investment cycles of the largest manufacturers in the industry which is dominated by a few countries, such as the United States, Germany, China, and Japan.
The machinery industry offers product range applications for both domestic technology and industrial use. The machinery and equipment manufacturing sector is focused on supplying capital goods or their components to other sectors of the economy. They provide for agriculture, mining, oil and gas, manufacturing industry, construction, public utility, heating, ventilation, and many more. Because of the nature of the industry, they can also be referred to as capital goods because a certain amount of capital is invested.
A turbine is a mechanical device with moving parts that can generate energy from a fluid flow and convert it into useful energy by using rotary movement. In the past, windmills and waterwheels were used as applications of turbines. These days, applications may involve more sophisticated and novel methods though the basic principle is the same. The work produced by a turbine can be translated to generate power when the generator is integrated. There are different types of turbines and they are used for different applications to capture optimization on efficiency and safety.
Pumps or compressors are used to move hydraulic fluid through a system. Both pumps and compressors increase the pressure of the material to move from the start point to the endpoint. While pumps have the ability to carry liquids and gasses, compressors mainly only move gas due to its natural ability to be compressed. There are many different types of pumps and compressors for different applications and purposes. The applications for these two types of equipment are used in the oil and gas industry, power sector, manufacturing, chemical and petrochemical industry, and food manufacturing industry.
Fans and blowers are necessary to allow airflow in these applications. They are typically distinguished by the pressure ratios of the equipment. The demand for the segment is driven by sophisticated cooling technology and systems to maintain temperature or airflow. Common applications for this equipment are for ovens, dust and fumes extraction, incineration, dryers, cooling system, ventilation, and material sorting.
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