AC Electric Motor Sales in Oil and Gas Market size to grow at a CAGR of 5.48% from 2022 to 2027, Increasing adoption of modular mini refineries to be an emerging market trend - Technavio

 NEW YORK, April 13, 2023 /PRNewswire/ -- Technavio has been monitoring the AC electric motor sales in oil and gas market, and it is expected to grow by USD 3,250.86 million from 2022 to 2027. As per the latest report, the market will progress at a CAGR of 5.48% during the forecast period. This report aid business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. The rising adoption of modular mini refineries is an emerging market trend. Modular mini refineries are a flexible and affordable supply option for producers of diesel and other petrochemicals in remote areas. The main advantages of modular mini refineries are their simplicity, speed, and relatively low capital. Modular mini-refineries work best in remote areas and developing nations, where diesel, gasoline, and fuel oil are in high demand. Download the Latest Sample Report!

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our AC electric motor sales in oil and gas market report covers the following areas:

• AC Electric Motor Sales in Oil and Gas Market size
• AC Electric Motor Sales in Oil and Gas Market trends
• AC Electric Motor Sales in Oil and Gas Market industry analysis
• AC Electric Motor Sales in Oil and Gas Market five forces analysis
• AC Electric Motor Sales in Oil and Gas Market competitive landscape

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

• Type 
• Induction Motor
• Synchronous Motor
• Geography 
• APAC
• Middle East And Africa
• North America
• Europe
• South America

The market share growth of the less than 1 kV segment will be significant during the forecast period. This segment includes all the AC electric motors having a power rating of less than 1 kV. Owing to rapid industrialization, particularly in the oil and gas sector, electric motors play an essential role in power tools, pumps, and other machinery. The demand for energy-efficient motors is increasing due to rising electricity prices and stricter power consumption regulations. Moreover, the need for electric motors may increase in various industries, including oil and gas, due to the rising demand for motors with higher operating efficiencies. Some other factors increasing the demand for the segment include the deployment of electrical equipment and machinery in the oil and gas industries and renewable energy sectors. 

To learn more about the impact of each segment on the market growth, Request a Sample Report!

• The rising demand for oil and gas is expected to drive the growth of the market during the forecast period.
• The rising demand can be attributed to factors such as rapid urbanization in developing nations. This results in more liquid fuels and natural gas being consumed.
• Owing to the rising global demand for electricity and fuel, oil and natural gas are in high demand.
• Along with the demand for oil and gas, the demand for E&P machines, equipment, and components is also growing.
• Hence, the rise in the global demand for oil and gas is driving the growth of the market during the forecast period. 

Key Challenge

• A major challenge impeding market growth is the environmental impact of oil and gas activities. 
• Along with being used as fuel for automobiles and buildings, oil and gas are also used in the production of goods such as plastic and fertilizer. 
• A few ways that oil and gas drilling activities harm the environment include oil spills, air and water pollution from toxic chemical emissions, and climate change from methane emissions.
• Strong shocks that harm various marine species' hearing are a result of deep-water oil and gas exploration and also involve firing air guns across the seabed.
• Hence, environmental concerns have an adverse impact on oil and gas activities, which will hamper the market growth during the forecast period.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 vendors operating in the AC electric motor sales in oil and gas market, including some of the vendors such as ABB Ltd., Arc Systems Inc., Elektrim Motors, FLANDERS Inc., Franklin Electric Co. Inc., General Electric Co., Hitachi Ltd., Hoyer Motors, Nidec Corp., NOV Inc., Parker Hannifin Corp., Regal Rexnord Corp., Rockwell Automation Inc., Schlumberger Ltd., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG Equipamentos Eletricos S.A., Wolong ELectric Group, and Yaskawa Electric Corp. Backed with competitive intelligence and benchmarking, our research reports on the AC electric motor sales in oil and gas market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Vendor Offerings

• ABB Ltd. - The company offers AC electric motors such as ABB high voltage induction motors.
• Arc Systems Inc. - The company offers AC electric motors such as AC Induction motors.
• Elektrim Motors - The company offers AC electric motors such as Premium A-line series AC electric motors.

AC Electric Motor Sales in Oil and Gas Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist AC electric motor sales in oil and gas market growth during the next five years
• Estimation of the AC electric motor sales in oil and gas market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the AC electric motor sales in oil and gas market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of AC electric motor sales in oil and gas market vendors

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Table Of Contents :

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Power Rating
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global AC electric motor sales in oil and gas market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global AC electric motor sales in oil and gas market 2017 - 2021 ($ million)

• 4.2 Power rating Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Power rating Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Power Rating

• 6.1 Market segments 
• Exhibit 30: Chart on Power Rating - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Power Rating - Market share 2022-2027 (%)

• 6.2 Comparison by Power Rating 
• Exhibit 32: Chart on Comparison by Power Rating
• Exhibit 33: Data Table on Comparison by Power Rating

• 6.3 Less than 1kV - Market size and forecast 2022-2027
• Exhibit 34: Chart on Less than 1kV - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Less than 1kV - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Less than 1kV - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Less than 1kV - Year-over-year growth 2022-2027 (%)

• 6.4 Between 1 kV and 6.6 kV - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Between 1 kV and 6.6 kV - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Between 1 kV and 6.6 kV - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Between 1 kV and 6.6 kV - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Between 1 kV and 6.6 kV - Year-over-year growth 2022-2027 (%)

• 6.5 Greater than 6.6 kV - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Greater than 6.6 kV - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Greater than 6.6 kV - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Greater than 6.6 kV - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Greater than 6.6 kV - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Power Rating 
• Exhibit 46: Market opportunity by Power Rating ($ million)
• Exhibit 47: Data Table on Market opportunity by Power Rating ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 48: Chart on Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 50: Chart on Comparison by Type
• Exhibit 51: Data Table on Comparison by Type

• 7.3 Induction motor - Market size and forecast 2022-2027
• Exhibit 52: Chart on Induction motor - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Induction motor - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Induction motor - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Induction motor - Year-over-year growth 2022-2027 (%)

• 7.4 Synchronous motor - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Synchronous motor - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Synchronous motor - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Synchronous motor - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Synchronous motor - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 60: Market opportunity by Type ($ million)
• Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Russia - Market size and forecast 2022-2027
• Exhibit 95: Chart on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.11 Saudi Arabia - Market size and forecast 2022-2027
• Exhibit 99: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 115: ABB Ltd. - Overview
• Exhibit 116: ABB Ltd. - Business segments
• Exhibit 117: ABB Ltd. - Key offerings
• Exhibit 118: ABB Ltd. - Segment focus

• 12.4 Arc Systems Inc. 
• Exhibit 119: Arc Systems Inc. - Overview
• Exhibit 120: Arc Systems Inc. - Product / Service
• Exhibit 121: Arc Systems Inc. - Key offerings

• 12.5 Elektrim Motors 
• Exhibit 122: Elektrim Motors - Overview
• Exhibit 123: Elektrim Motors - Product / Service
• Exhibit 124: Elektrim Motors - Key offerings

• 12.6 FLANDERS Inc. 
• Exhibit 125: FLANDERS Inc. - Overview
• Exhibit 126: FLANDERS Inc. - Product / Service
• Exhibit 127: FLANDERS Inc. - Key offerings

• 12.7 Franklin Electric Co. Inc. 
• Exhibit 128: Franklin Electric Co. Inc. - Overview
• Exhibit 129: Franklin Electric Co. Inc. - Business segments
• Exhibit 130: Franklin Electric Co. Inc. - Key news
• Exhibit 131: Franklin Electric Co. Inc. - Key offerings
• Exhibit 132: Franklin Electric Co. Inc. - Segment focus

• 12.8 General Electric Co. 
• Exhibit 133: General Electric Co. - Overview
• Exhibit 134: General Electric Co. - Business segments
• Exhibit 135: General Electric Co. - Key news
• Exhibit 136: General Electric Co. - Key offerings
• Exhibit 137: General Electric Co. - Segment focus

• 12.9 Hitachi Ltd. 
• Exhibit 138: Hitachi Ltd. - Overview
• Exhibit 139: Hitachi Ltd. - Business segments
• Exhibit 140: Hitachi Ltd. - Key news
• Exhibit 141: Hitachi Ltd. - Key offerings
• Exhibit 142: Hitachi Ltd. - Segment focus

• 12.10 Hoyer Motors 
• Exhibit 143: Hoyer Motors - Overview
• Exhibit 144: Hoyer Motors - Product / Service
• Exhibit 145: Hoyer Motors - Key offerings

• 12.11 Nidec Corp. 
• Exhibit 146: Nidec Corp. - Overview
• Exhibit 147: Nidec Corp. - Business segments
• Exhibit 148: Nidec Corp. - Key news
• Exhibit 149: Nidec Corp. - Key offerings
• Exhibit 150: Nidec Corp. - Segment focus

• 12.12 Regal Rexnord Corp. 
• Exhibit 151: Regal Rexnord Corp. - Overview
• Exhibit 152: Regal Rexnord Corp. - Business segments
• Exhibit 153: Regal Rexnord Corp. - Key offerings
• Exhibit 154: Regal Rexnord Corp. - Segment focus

• 12.13 Schlumberger Ltd. 
• Exhibit 155: Schlumberger Ltd. - Overview
• Exhibit 156: Schlumberger Ltd. - Business segments
• Exhibit 157: Schlumberger Ltd. - Key news
• Exhibit 158: Schlumberger Ltd. - Key offerings
• Exhibit 159: Schlumberger Ltd. - Segment focus

• 12.14 Siemens AG 
• Exhibit 160: Siemens AG - Overview
• Exhibit 161: Siemens AG - Business segments
• Exhibit 162: Siemens AG - Key news
• Exhibit 163: Siemens AG - Key offerings
• Exhibit 164: Siemens AG - Segment focus

• 12.15 Toshiba Corp. 
• Exhibit 165: Toshiba Corp. - Overview
• Exhibit 166: Toshiba Corp. - Business segments
• Exhibit 167: Toshiba Corp. - Key offerings
• Exhibit 168: Toshiba Corp. - Segment focus

• 12.16 WEG Equipamentos Eletricos S.A. 
• Exhibit 169: WEG Equipamentos Eletricos S.A. - Overview
• Exhibit 170: WEG Equipamentos Eletricos S.A. - Business segments
• Exhibit 171: WEG Equipamentos Eletricos S.A. - Key offerings
• Exhibit 172: WEG Equipamentos Eletricos S.A. - Segment focus

• 12.17 Wolong ELectric Group 
• Exhibit 173: Wolong ELectric Group - Overview
• Exhibit 174: Wolong ELectric Group - Product / Service
• Exhibit 175: Wolong ELectric Group - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations 

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Jesse Maida
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