AC Electric Motor in Oil & Gas Market by Product Type (Induction Motor, Synchronous Motor), Voltage (1–6.6 kV Motor, <1 kV Motor, >6.6 kV Motor), Output Power (HP), Mode of Operation - Global Forecast 2023-2030
The AC Electric Motor in Oil & Gas Market is projected to reach USD 23.45 billion by 2030 from USD 13.74 billion in 2022, at a CAGR of 6.90% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the AC Electric Motor in Oil & Gas Market.
- Based on Product Type, market is studied across Induction Motor and Synchronous Motor. The Synchronous Motor commanded largest market share of 72.12% in 2022, followed by Induction Motor.
- Based on Voltage, market is studied across 1–6.6 kV Motor,<1 kV Motor, and >6.6 kV Motor. The >6.6 kV Motor commanded largest market share of 42.12% in 2022, followed by 1–6.6 kV Motor.
- Based on Output Power (HP), market is studied across<1 HP Motor and >1 HP Motor. The<1 HP Motor commanded largest market share of 52.12% in 2022, followed by >1 HP Motor.
- Based on Mode of Operation, market is studied across Offshore and Onshore. The Offshore commanded largest market share of 65.77% in 2022, followed by Onshore.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.31% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the AC Electric Motor in Oil & Gas Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape AC Electric Motor in Oil & Gas Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the AC Electric Motor in Oil & Gas Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd, ARC Systems, Inc., CG Power & Industrial Solutions Ltd., Danfoss A/S, Emerson Electric Co., Flanders Inc., Fuji Electric Co., Ltd., General Electric Company, Hayward Tyler Ltd., Hitachi, Ltd., Hordu Electric Motor, Hoyer Motors, Kirloskar Electric Company Ltd., Langley Holdings PLC, Menzel Elektromotoren GmbH, Nidec Corporation, O.M.E. Motori Elettrici s.r.l., Regal Rexnord Corporation, Schlumberger Limited, Siemens AG, Southwest Electric Co., TECO Electric and Machinery Co., Ltd., Toshiba Corporation, VYBO Electric a.s., WEG S.A., Windings Inc., and Wolong Electric Group.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the AC Electric Motor in Oil & Gas Market?
- Which products, segments, applications, and areas hold the highest investment potential in the AC Electric Motor in Oil & Gas Market?
- What is the competitive strategic window for identifying opportunities in the AC Electric Motor in Oil & Gas Market?
- What are the latest technology trends and regulatory frameworks in the AC Electric Motor in Oil & Gas Market?
- What is the market share of the leading vendors in the AC Electric Motor in Oil & Gas Market?
- Which modes and strategic moves are suitable for entering the AC Electric Motor in Oil & Gas Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. AC Electric Motor in Oil & Gas Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Augmenting developments in oil & gas industry including automation and application of energy-efficient motors
- 5.1.1.2. Growing deployment across onshore oil and gas procedures
- 5.1.2. Restraints
- 5.1.2.1. Presence of alternative products and high costs of AC electric motors
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing advancements in AC electric motors
- 5.1.3.2. Rising investments and initiatives for oil distribution and pipeline infrastructures
- 5.1.4. Challenges
- 5.1.4.1. Complexity of controlling AC electric motors in oil & gas industry
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Persistent oil & gas rig drilling activities and well-established market vendors expand the market growth in the Americas
- 5.3.2. Investment in oil & gas exploration activities enhanced the use of AC electric motors in the Asia-pacific
- 5.3.3. Offshore oil & gas production and safety standards and regulations drive the adoption of AC electric motors in oil & gas in the EMEA
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. AC Electric Motor in Oil & Gas Market, by Product Type
- 6.1. Introduction
- 6.2. Induction Motor
- 6.3. Synchronous Motor
- 7. AC Electric Motor in Oil & Gas Market, by Voltage
- 7.1. Introduction
- 7.2. 1–6.6 kV Motor
- 7.3.<1 kV Motor
- 7.4. >6.6 kV Motor
- 8. AC Electric Motor in Oil & Gas Market, by Output Power (HP)
- 8.1. Introduction
- 8.2.<1 HP Motor
- 8.3. >1 HP Motor
- 9. AC Electric Motor in Oil & Gas Market, by Mode of Operation
- 9.1. Introduction
- 9.2. Offshore
- 9.3. Onshore
- 10. Americas AC Electric Motor in Oil & Gas Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific AC Electric Motor in Oil & Gas Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa AC Electric Motor in Oil & Gas Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. ABB acquires Siemens’ NEMA motor business to better serve the oil & gas industry
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. Exro Announces Strategic Partnership with Three Global Motor Manufacturers
- 13.3.2.2. Flash joins hands with GEM motors to develop electric motors
- 13.3.2.3. ABB and MAN to Collaborate on Dual-Fuel Electric Propulsion Solutions for LNG Carriers
- 13.3.2.4. Aramco and Hyundai Motor Group collaborate on advanced fuels for hybrid electric vehicles
- 13.3.3. New Product Launch & Enhancement
- 13.3.3.1. ABB launches flameproof low voltage motors for explosive atmospheres
- 13.3.4. Investment & Funding
- 13.3.4.1. ONGC to invest USD 2 billion in Mumbai offshore to raise oil, gas output
- 13.3.4.2. India to see USD 58 billion investment in upstream oil sector
- 13.3.5. Award, Recognition, & Expansion
- 13.3.5.1. WEG Supplies Large Motors for an Oil Platform in Ghana
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. ABB Ltd
- 14.1.2. ARC Systems, Inc.
- 14.1.3. CG Power & Industrial Solutions Ltd.
- 14.1.4. Danfoss A/S
- 14.1.5. Emerson Electric Co.
- 14.1.6. Flanders Inc.
- 14.1.7. Fuji Electric Co., Ltd.
- 14.1.8. General Electric Company
- 14.1.9. Hayward Tyler Ltd.
- 14.1.10. Hitachi, Ltd.
- 14.1.11. Hordu Electric Motor
- 14.1.12. Hoyer Motors
- 14.1.13. Kirloskar Electric Company Ltd.
- 14.1.14. Langley Holdings PLC
- 14.1.15. Menzel Elektromotoren GmbH
- 14.1.16. Nidec Corporation
- 14.1.17. O.M.E. Motori Elettrici s.r.l.
- 14.1.18. Regal Rexnord Corporation
- 14.1.19. Schlumberger Limited
- 14.1.20. Siemens AG
- 14.1.21. Southwest Electric Co.
- 14.1.22. TECO Electric and Machinery Co., Ltd.
- 14.1.23. Toshiba Corporation
- 14.1.24. VYBO Electric a.s.
- 14.1.25. WEG S.A.
- 14.1.26. Windings Inc.
- 14.1.27. Wolong Electric Group
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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