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Global AC Electric Motor Sales In Oil & Gas Market By 2030: Forecasts and Current Trends

An AC electric motor is constructed from two primary components and is powered by alternating current. The first is the outer stator, which contains coils that receive AC to produce power.

a first rotating magnetic field and a second rotating magnetic field generated by an inside rotor connected to the output shaft.

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The exponential growth of AC electric motor sales in the oil and gas sector can be ascribed to the industry’s swift technological advancements. The exploration of new oil and gas reserves in Africa and the implementation of large-scale automation in the oil and gas industry are expected to create new growth opportunities for the AC electric motor sales in the oil and gas market. Nevertheless, the oil and gas industry’s lacklustre expansion due to the implementation of stringent environmental regulations may impede the sale of AC electric motors in the sector over the course of the following decade.

In the coming years, major product applications in the HVAC, mining & cement, steel, automotive, petrochemical, pulp & paper, and food & beverage industries are anticipated to propel the revenue of the oil & gas market for AC electric motors. In addition, the increasing demand and application of AC electric motors in pumps, auxiliary generators, centrifugal and reciprocating compressors, and power tools for efficient oil and gas production and exploration will propel the market for these motors in the coming years.

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The Global AC Electric Motor Sales In Oil & Gas Market is segmented based on product, application and region

Global AC Electric Motor Sales In Oil & Gas Market: Product Segment Analysis

● Induction

● Synchronous

Global AC Electric Motor Sales In Oil & Gas Market: Application Segment Analysis

● Commercial

● Industrial

● Others

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The global AC Electric Motor Sales In Oil & Gas market profiles key players such as:

● BB (Switzerland)

● Siemens (Germany

● Schneider Electric (France)

● Rockwell (U.S.)

● WEG (Brazil)

● Toshiba Corporation (Japan)

● General Electric (U.S.)

Regional Analysis Of Global AC Electric Motor Sales In The Oil & Gas Industry

The global market for AC electric motors in the oil and gas industry can be categorised into five primary regions, namely the Middle East and Africa, North America, Europe, Asia Pacific, and Latin America. Asia-Pacific accounted for a significant portion of the oil and gas market for AC electric motors in 2017 due to increases in urbanisation, population, and industrialization. Furthermore, the identification of fresh gas and oil deposits in the South China Sea, Great Australian Bight, Gulf of Thailand, and Turkmenistan is anticipated to create profitable avenues for market expansion in the area. It is expected that the substantial demand for improved oil recovery techniques in nations including India, Thailand, Malaysia, Indonesia, and Australia will contribute to the expansion of the AC electric motor market in the Asia Pacific region.

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