In accordance with this study, the Global AC Electric Motor Sales In Oil & Gas Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2022-2028.
An AC motor is an electric motor driven by an alternating current that consist of two basic parts, i.e., an outside stator and inside stator. An outside stator produces a rotating magnetic field which is coiled with AC motor and inside rotator produces second magnetic field which is attached to the output shaft. Depending on the output power of AC electric motor, it has applications in oil & gas including pumps, auxiliary generators, centrifugal & reciprocating compressors, and crane.
The increasing adoption of energy-efficient motors in oil & gas industry is driving the AC electric motor sales in oil & gas market growth. Moreover, the rising demand for technological developments in AC electric motors is further fueling the market growth. On the flip side, stringent environmental regulations by government, as the oil & gas industry is a major consumer of water & energy, restrict the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of AC electric motor sales in oil & gas.
The study offers a decisive view of the global AC electric motor sales in oil & gas market by segmenting it in terms of type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Induction Electric Motors
- Synchronous Electric Motors
This section covers AC electric motor sales in oil & gas market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global AC electric motor sales in oil & gas market along with the individual application segment across all the prominent region.
Europe AC Electric Motor Sales In Oil & Gas Market By Revenue (USD MN)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global AC electric motor sales in oil & gas market are ABB, Allied Motion, ARC System, GE, Hitachi, Johnson Electric, Nidec, Regal Beloit, Rockwell, Schneider Electric, Siemens, TMEIC, Toshiba, WEG, Yaskawa, and others. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.