According to the report published by Zion Market Research, global demand for AC Electric Motor Sales in the Oil & Gas market was valued at approximately USD 9.8 Billion in 2019 and is expected to generate revenue of around USD 16.8 Billion by end of 2026, growing at a CAGR of around 5.1% between 2020 and 2026. This development can be credited to the computerization in the oil & gas industry and the transition to energy competent motors in the oil & gas sector.
The leading companies in the global AC electric motor sales in oil & gas market are Toshiba Corporation, ABB, Schneider Electric, Siemens, WEG, Rockwell, and General Electric.
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The Induction Motor Category By Type Is Predicted To Be The Biggest Catalyst During The Forecast Period For The AC Electric Motor Sales In Oil & Gas Market
On the basis of type, the AC electric motor sales in oil & gas market is divided into synchronous and induction motor. The induction motor category is predicted to have the biggest share of the global market by 2025. This is owing to the robustness, simplicity, and low cost of these motors. They are used widely and are suitable for almost all kinds of devices.
Asia Pacific Predicted To Add Up For The Biggest Market Size In The Years To Come
The AC electric motor sales in the oil & gas market have been studied by experts at Zion Market Research and divided into 6 main areas on the basis of regions. These are North America, South America, Europe, Africa, Asia Pacific, and the Middle East. The Asia Pacific market is predicted to be the biggest AC electric motor in the oil & gas market from 2019 to 2025. Rising rapid industrial growth, particularly in the oil & gas sector is some of the major factors accountable for the development of the AC electric motor in the oil & gas market. In addition to this, the sale of AC electric motors in the oil & gas sector in Asia Pacific is mainly boosted by nations such as Japan, China, and India. The global consumption of energy in Asia Pacific is predicted to reach 47% by 2035 from 42% in 2016, which might be more than the total share of Europe, North America, and Eurasia.
Browse the full “AC Electric Motor Sales In Oil & Gas Market Type (Induction and Synchronous), Voltage (Less Than 1kV, Between 1 kV And 6.6 kV, And Greater Than 6.6 kV), Output Power (HP) (Less Than 1 HP and Greater Than 1 HP), Output Power (kW) (0.12 kW to 7.5 kW, 7.5 kW to 110 kW, and 110 kW to 1000 kW, and More Than 1000 kW): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/ac-electric-motor-sales-in-oil-gas-market
The global AC electric motor sales in oil & gas market is segmented as follows:
- < 1 kV
- 1 kV-6.6 kV
- > 6.6 kV
By output power (HP)
- < 1 HP
- > 1 HP
By output power (kW)
- 0.12-7.5 kW
- 7.5-110 kW
- 110-1000 kW
- > 1000 kW
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
Key points covered in this report:
- Global AC Electric Motor Sales In Oil & Gas Market size, share, growth analysis, demand & revenue on a global and regional level.
- Global top trends in AC Electric Motor Sales In Oil & Gas Market including growth factors, drivers & restraints, industry challenges, and opportunities.
- Global AC Electric Motor Sales In Oil & Gas Market analysis based on historical, current, and future data.
- Global AC Electric Motor Sales In Oil & Gas Market incremental opportunity, year-on-year growth, revenue, CAGR, market size, and market attractive index.
- The research report provides Porter’s five force analysis, market attractiveness analysis, and SWOT analysis
- Top major industry player business strategies, sales & revenue on a global and regional level.
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or Sales In Oil & Gas Market?
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