Quick Summary:
In the progressively growing oil and gas industry, understanding the market for AC Electric Motors is crucial to navigate unprecedented opportunities and future advancements. With a current market estimation standing at US$11.3 Billion and a projected achievement of US$20.7 Billion by 2030, our extensively-researched market report offers valuable insights that will drive your strategic decision-making process.
This exclusive report encompasses vital feedback on segment analysis and geographic markets, including the U.S. and China, two of the world's largest economies. The research provides in-depth sectoral analysis, detailing the trends, growth rates, and forecasted market sizes. Notably, this report also includes distinctive profiles of key competitors in the market, including industry giants such as ABB, Hitachi, Siemens, and Toshiba, among others.
With the purchase of this report, you'll gain access to our digital archives, Research Platform, and complimentary updates for one year, ensuring you stay ahead in this dynamically evolving sector.
Global AC Electric Motors in Oil & Gas Industry Market to Reach $20.7 Billion by 2030
The global market for AC Electric Motors in Oil & Gas Industry estimated at US$11.3 Billion in the year 2022, is projected to reach a revised size of US$20.7 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030. Induction, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$14.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Synchronous segment is readjusted to a revised 7.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 11.9% CAGR
The AC Electric Motors in Oil & Gas Industry market in the U.S. is estimated at US$3.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 11.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.Select Competitors (Total 42 Featured) -
- ABB
- Allied Motion
- ARC System
- ATB
- GE
- Hitachi
- Hoyer
- Johnson Electric
- Nidec Corporation
- Regal Beloit
- RockWell
- Schneider Electric
- Siemens
- TMEIC
- Toshiba Corporation
- WEG SE
- Yaskawa
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for AC Electric Motors in Oil & Gas Industry?
What is the growth rate of the Global Market for AC Electric Motors in Oil & Gas Industry?
What is the forecasted size of the Global Market for AC Electric Motors in Oil & Gas Industry?
Who are the key companies in the Global Market for AC Electric Motors in Oil & Gas Industry?
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 11.3 Billion |
| Forecasted Market Value ( USD | $ 20.7 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB
- Allied Motion
- ARC System
- ATB
- GE
- Hitachi
- Hoyer
- Johnson Electric
- Nidec Corporation
- Regal Beloit
- RockWell
- Schneider Electric
- Siemens
- TMEIC
- Toshiba Corporation
- WEG SE
- Yaskawa
