Global AC Electric Motor in Oil & Gas Market Size study, by Product Type, by Voltage, by Output Power, by Mode of Operation and Regional Forecasts 2022-2032

Description

The Global AC Electric Motor in Oil & Gas Market is valued approximately at USD 14.64 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.96% over the forecast period 2024-2032. AC electric motors, which utilize alternating current (AC) as their power source, are important in the oil and gas sector, where they power vital equipment such as pumps and compressors through electromagnetic induction to create rotational motion. These motors surpass their DC counterparts in efficiency, starting torque, and speed control capabilities, making them ideal for the demanding environments of oil and gas operations. The surge in demand for AC electric motors in this industry is fueled by the need for enhanced energy efficiency and reliability, given the harsh operational conditions. Furthermore, AC electric motors are favored for their superior speed control and monitoring features, contributing to their widespread adoption in onshore procedures due to their ability to function in diverse environmental conditions and extended life cycles compared to other motor types.

The market is witnessing significant growth propelled by various key factors, including the rising prevalence of energy-efficient practices and the increasing reliability requirements in oil and gas operations. For example, the deployment of predictive maintenance capabilities in AC electric motors presents new opportunities for market expansion. Moreover, ongoing advancements in AC motor technologies and increased investments in research and development are expected to mitigate these challenges and foster market growth over the forecast period. However, the high costs associated with these motors and their complex operational procedures pose challenges to their broader adoption and anticipated to restrain market growth between 2024 and 2032.

Geographically, the market analysis covers key regions including North America, Europe, Asia Pacific, Latin America, and the Rest of the World. Europe emerged as the dominating regional market in 2023. This is due to the region's well-established infrastructure, technological advancements, and robust investment in R&D further bolster market growth. Furthermore, the Asia Pacific region is anticipated to witness the fastest growth, propelled by substantial investments in oil and gas production and distribution, alongside technological advancements and supportive infrastructure development.

Major market players included in this report are:

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

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Induction Motor
Synchronous Motor

By Voltage:

1-6.6 kV Motor
<1 kV Motor
6.6 kV Motor

By Output Power (HP):

<1 HP Motor
1 HP Motor

By Mode of Operation:

Offshore
Onshore

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
ROE

Asia Pacific:

China
India
Japan
Australia
South Korea
RoAPAC

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global AC Electric Motor in Oil & Gas Market Executive Summary

1.1. Global AC Electric Motor in Oil & Gas Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Voltage
- 1.3.3. By Output Power (HP)
- 1.3.4. By Mode of Operation
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global AC Electric Motor in Oil & Gas Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global AC Electric Motor in Oil & Gas Market Dynamics

3.1. Market Drivers
- 3.1.1. Increased Energy Efficiency and Reliability Needs
- 3.1.2. Advancements in Predictive Maintenance Capabilities
3.2. Market Challenges
- 3.2.1. High Costs of AC Electric Motors
- 3.2.2. Complex Operational Procedures
3.3. Market Opportunities
- 3.3.1. Technological Advancements and R&D Investments
- 3.3.2. Growing Demand in Emerging Markets

Chapter 4. Global AC Electric Motor in Oil & Gas Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global AC Electric Motor in Oil & Gas Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global AC Electric Motor in Oil & Gas Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Induction Motor
- 5.2.2. Synchronous Motor

Chapter 6. Global AC Electric Motor in Oil & Gas Market Size & Forecasts by Voltage 2022-2032

6.1. Segment Dashboard
6.2. Global AC Electric Motor in Oil & Gas Market: Voltage Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. 1-6.6 kV Motor
- 6.2.2. <1 kV Motor
- 6.2.3. >6.6 kV Motor

Chapter 7. Global AC Electric Motor in Oil & Gas Market Size & Forecasts by Output Power (HP) 2022-2032

7.1. Segment Dashboard
7.2. Global AC Electric Motor in Oil & Gas Market: Output Power (HP) Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. <1 HP Motor
- 7.2.2. >1 HP Motor

Chapter 8. Global AC Electric Motor in Oil & Gas Market Size & Forecasts by Mode of Operation 2022-2032

8.1. Segment Dashboard
8.2. Global AC Electric Motor in Oil & Gas Market: Mode of Operation Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Offshore
- 8.2.2. Onshore

Chapter 9. Global AC Electric Motor in Oil & Gas Market Size & Forecasts by Region 2022-2032

9.1. North America AC Electric Motor in Oil & Gas Market
- 9.1.1. U.S. AC Electric Motor in Oil & Gas Market
  - 9.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.1.2. Canada AC Electric Motor in Oil & Gas Market
  - 9.1.2.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.1.2.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.1.2.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.1.2.4. Mode of Operation breakdown size & forecasts, 2022-2032
9.2. Europe AC Electric Motor in Oil & Gas Market
- 9.2.1. UK AC Electric Motor in Oil & Gas Market
  - 9.2.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.2.1.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.2.1.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.2.1.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.2.2. Germany AC Electric Motor in Oil & Gas Market
  - 9.2.2.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.2.2.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.2.2.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.2.2.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.2.3. France AC Electric Motor in Oil & Gas Market
  - 9.2.3.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.2.3.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.2.3.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.2.3.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.2.4. Spain AC Electric Motor in Oil & Gas Market
  - 9.2.4.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.2.4.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.2.4.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.2.4.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.2.5. Italy AC Electric Motor in Oil & Gas Market
  - 9.2.5.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.2.5.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.2.5.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.2.5.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.2.6. Rest of Europe AC Electric Motor in Oil & Gas Market
  - 9.2.6.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.2.6.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.2.6.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.2.6.4. Mode of Operation breakdown size & forecasts, 2022-2032
9.3. Asia-Pacific AC Electric Motor in Oil & Gas Market
- 9.3.1. China AC Electric Motor in Oil & Gas Market
  - 9.3.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.3.1.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.3.1.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.3.1.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.3.2. India AC Electric Motor in Oil & Gas Market
  - 9.3.2.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.3.2.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.3.2.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.3.2.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.3.3. Japan AC Electric Motor in Oil & Gas Market
  - 9.3.3.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.3.3.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.3.3.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.3.3.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.3.4. Australia AC Electric Motor in Oil & Gas Market
  - 9.3.4.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.3.4.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.3.4.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.3.4.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.3.5. South Korea AC Electric Motor in Oil & Gas Market
  - 9.3.5.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.3.5.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.3.5.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.3.5.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.3.6. Rest of Asia Pacific AC Electric Motor in Oil & Gas Market
  - 9.3.6.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.3.6.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.3.6.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.3.6.4. Mode of Operation breakdown size & forecasts, 2022-2032
9.4. Latin America AC Electric Motor in Oil & Gas Market
- 9.4.1. Brazil AC Electric Motor in Oil & Gas Market
  - 9.4.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.4.1.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.4.1.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.4.1.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.4.2. Mexico AC Electric Motor in Oil & Gas Market
  - 9.4.2.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.4.2.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.4.2.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.4.2.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.4.3. Rest of Latin America AC Electric Motor in Oil & Gas Market
  - 9.4.3.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.4.3.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.4.3.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.4.3.4. Mode of Operation breakdown size & forecasts, 2022-2032
9.5. Middle East & Africa AC Electric Motor in Oil & Gas Market
- 9.5.1. Saudi Arabia AC Electric Motor in Oil & Gas Market
  - 9.5.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.5.1.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.5.1.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.5.1.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.5.2. South Africa AC Electric Motor in Oil & Gas Market
  - 9.5.2.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.5.2.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.5.2.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.5.2.4. Mode of Operation breakdown size & forecasts, 2022-2032
- 9.5.3. Rest of Middle East & Africa AC Electric Motor in Oil & Gas Market
  - 9.5.3.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.5.3.2. Voltage breakdown size & forecasts, 2022-2032
  - 9.5.3.3. Output Power (HP) breakdown size & forecasts, 2022-2032
  - 9.5.3.4. Mode of Operation breakdown size & forecasts, 2022-2032

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. ABB Ltd
- 10.1.2. ARC Systems, Inc.
- 10.1.3. CG Power & Industrial Solutions Ltd.
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. ABB Ltd
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. ARC Systems, Inc.
- 10.3.3. CG Power & Industrial Solutions Ltd.
- 10.3.4. Danfoss A/S
- 10.3.5. Emerson Electric Co.
- 10.3.6. Flanders Inc.
- 10.3.7. Fuji Electric Co., Ltd.
- 10.3.8. General Electric Company
- 10.3.9. Hayward Tyler Ltd.
- 10.3.10. Hitachi, Ltd.
- 10.3.11. Hordu Electric Motor
- 10.3.12. Hoyer Motors
- 10.3.13. Kirloskar Electric Company Ltd.
- 10.3.14. Langley Holdings PLC
- 10.3.15. Menzel Elektromotoren GmbH

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes