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The AC electric motor sales in oil and gas market is forecasted to grow by USD 3.58 billion during 2023-2028, accelerating at a CAGR of 5.72% during the forecast period. The report on the AC electric motor sales in oil and gas market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in oil and gas demand, rising number of E&P activities, and growing investments in refineries.
The AC electric motor sales in oil and gas market is segmented as below:
By Power Rating
- Less than 1kV
- Between 1 kV and 6.6 kV
- Greater than 6.6 kV
By Type
- Induction motor
- Synchronous motor
By Geographical Landscape
- APAC
- Middle East and Africa
- North America
- Europe
- South America
The report on the AC electric motor sales in oil and gas market covers the following areas:
- AC electric motor sales in oil and gas market sizing
- AC electric motor sales in oil and gas market forecast
- AC electric motor sales in oil and gas market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Power Rating
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global AC electric motor sales in oil and gas market: ABB Ltd., Arc Systems Inc., Elektrim Motors, FLANDERS Inc., Franklin Electric Co. Inc., General Electric Co., Hitachi Ltd., Hoyer Motors, Nidec Corp., NOV Inc., Parker Hannifin Corp., Regal Rexnord Corp., Rockwell Automation Inc., Schlumberger Ltd., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG S.A, Wolong Electric Group Co. Ltd., and Yaskawa Electric Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing adoption of electric motors in ROVs and subsea production systems."
According to the report, one of the major drivers for this market is the increase in oil and gas demand.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Arc Systems Inc.
- Elektrim Motors
- FLANDERS Inc.
- Franklin Electric Co. Inc.
- General Electric Co.
- Hitachi Ltd.
- Hoyer Motors
- Nidec Corp.
- NOV Inc.
- Parker Hannifin Corp.
- Regal Rexnord Corp.
- Rockwell Automation Inc.
- Schlumberger Ltd.
- Siemens AG
- TECO-Westinghouse
- Toshiba Corp.
- WEG S.A
- Wolong Electric Group Co. Ltd.
- Yaskawa Electric Corp.
