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Global AC Electric Motor Sales in Oil and Gas Market: By Type: Induction Motor, Synchronous Motor; By Voltage: Less than 1kV, Between 1 kV and 6.6 kV, Greater than 6.6 kV; By Output Power (HP); Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global AC Electric Motor Sales in Oil and Gas Market Outlook

The global AC electric motor sales in oil and gas market is expected to grow in the forecast period of 2021-2026 at a CAGR of 4.7% to reach USD 15.2 billion by 2026.

 

Global AC Electric Motor Sales in Oil and Gas Market

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Asia Pacific to Dominate the Market in the Forecast Period

AC motors have significant use in the oil and gas industry. Machines such as cranes, centrifugal and reciprocating compressors, auxiliary generators, and pumps, among others, have wide applications in the industry and use AC motors; this catalyses the market growth. Large compressors and pumps are the backbone of the oil and gas industry and are found in applications such as gas pipeline boosting stations, refrigeration trains at liquefied natural gas (LNG) plants, and petrochemical plants and refineries. Electric motors are often used as a replacement for mechanical gas turbines due to reduced downtime and low maintenance. As they allow optimum plant flow balance to be obtained with lower energy costs and high efficiency, they are suitable for application in the oil and gas industry and propel the market growth.

The Asia Pacific is one of the leading regions of the market and is expected to dominate in the forecast period. China and Japan are some of the largest markets in the regions. The rapid industrialisation and the robust demand for industrial machinery and efficient motors, especially in the oil and gas industry, are expected to drive the market for AC motors. The markets in Europe and North America are also flourishing rapidly due to various technological advancements and innovations. According to International Petroleum Industry Environmental Conservation Association (IPIECA), electric motors represent over 60-70% of electricity use in oil and gas operations solely in the United States; trends such as these are expected to boost the market growth.

 

AC Electric Motor Sales in Oil and Gas: Industry Definition and Segmentation

AC motors are electric motors that convert alternating current into mechanical power by using an electromagnetic induction phenomenon. They may be single phased or three phased; the latter is applied in the industry to convert bulk power from electrical to mechanical, while the former is used in small power conversions such as in homes, offices, factories etc. They offer an efficient method of producing mechanical energy from a simple electrical input signal.

 

Global AC Electric Motor Sales in Oil and Gas Market By Voltage

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The major types of AC electric motor sales in oil and gas industry are:

  • Induction Motor
  • Synchronous Motor

The market can be broadly categorised on the basis of voltage into:

  • Less than 1kV
  • Between 1 kV and 6.6 kV
  • Greater than 6.6 kV

Based on the output power, the market is segmented into:

  • Less than 1 HP
  • Greater than 1 HP

The EMR report looks into the regional markets of AC electric motor sales in oil and gas like North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.

 

Global AC Electric Motor Sales in Oil and Gas Market By Region

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Technological Advancements to Bolster the Market Growth

With the increasing awareness about rapid climate change and the need to limit carbon dioxide emissions, the gas and oil market has become more aware of the importance of energy-efficient motors. Technological advances and innovations are crucial drivers of the industry growth. The rising demand for AC motors that can endure the most severe applications while providing high efficiency and low maintenance is also propelling the market growth. As the production, as well as consumption for oils and gas, is increasing, the demand for effective machinery is also boosting the AC electric motor in oil and gas industry.

The market is expanding due to the automation in the oil and gas sector, changing power consumption patterns and the rising demand for industrial motors. Furthermore, new product launches by the leading companies and diverse applications in other segments aid the market growth. The cost-effectiveness and low maintenance are some of the important drivers of the market growth. Moreover, AC electric motors are available in a variety of sizes and power capacities in order to function efficiently and reliably, ranging from small machine tools to powering large pumps, conveyers or hoists. Alternating current motors used in hydraulic fields and not only increase the efficiency up to 3 or 4 times but also saves energy in the process, further lubricating the industry growth.

 

Key Industry Players in the Global AC Electric Motor Sales in Oil and Gas Market

The report presents a detailed analysis of the following key players in the global AC electric motor sales in oil and gas market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ABB Ltd.
  • Siemens AG
  • Schneider Electric SE
  • Rockwell Automation, Inc.
  • Toshiba International Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global AC Electric Motor Sales in Oil and Gas Market Analysis
    8.1    Key Industry Highlights
    8.2    Global AC Electric Motor Sales in Oil and Gas Historical Market (2016-2020) 
    8.3    Global AC Electric Motor Sales in Oil and Gas Market Forecast (2021-2026)
    8.4    Global AC Electric Motor Sales in Oil and Gas Market by Type
        8.4.1    Induction Motor
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Synchronous Motor
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global AC Electric Motor Sales in Oil and Gas Market by Voltage
        8.5.1    Less than 1kV
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Between 1 kV and 6.6 kV
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Greater than 6.6 kV
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global AC Electric Motor Sales in Oil and Gas Market by Output Power (HP)
        8.6.1    Less than 1 HP
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Greater than 1 HP
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global AC Electric Motor Sales in Oil and Gas Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ABB Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Siemens AG
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Schneider Electric SE
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Rockwell Automation, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Toshiba International Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global AC Electric Motor Sales in Oil and Gas Market: Key Industry Highlights, 2016 and 2026
2.    Global AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Type (USD Million), 2016-2020
3.    Global AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Type (USD Million), 2021-2026
4.    Global AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Voltage (USD Million), 2016-2020
5.    Global AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Voltage (USD Million), 2021-2026
6.    Global AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Output Power (HP) (USD Million), 2016-2020
7.    Global AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Output Power (HP) (USD Million), 2021-2026
8.    Global AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa AC Electric Motor Sales in Oil and Gas Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa AC Electric Motor Sales in Oil and Gas Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global AC Electric Motor Sales in Oil and Gas Market Structure

Key Questions Answered in the Report

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.7% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 15.2 billion by 2026.

What are the major industry drivers?

The market is driven by the rising demand for cost-effective and high-efficiency motors in the oil gas industry.

What are the key industry trends of the global AC electric motor sales in oil and gas market?

The market is aided by the rising industrialisation and technological advances.

What are the major regional markets of AC electric motor sales in oil and gas, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the market.

What are the major types of AC electric motor sales in oil and gas in the industry?

The dominant types of AC electric motor sales in oil and gas in the industry are induction motor and synchronous motor.

What are the significant voltages of AC electric motor sales in oil and gas?

The market, on the basis of voltage, can be classified into less than 1kV, between 1kV and 6.6 kV, and greater than 6.6kV.

What are the major output powers of AC electric motor sales in oil and gas?

The industry can be segmented on the basis of the output power into less than 1HP and greater than 1HP.

Who are the key industry players, according to the report?

The major players in the industry are ABB Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., and Toshiba International Corporation, among others.

Analyst Review

The global AC electric motor sales in oil and gas market is driven by the rising demand for cost-effective and high-efficiency machinery owing to the climate change and stringent government regulations. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.7%. The market is projected to reach USD 15.2 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the AC electric motor sales in oil and gas industry can be segmented into induction motor and synchronous motor. On the basis of voltage, the industry is divided into less than 1kV, between 1kV and 6.6kV, and greater than 6.6kV. The industry can be categorised into less than 1HP and greater than 1Hp on the basis of output power. The major regional markets for AC electric motor sales in oil and gas are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include ABB Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., and Toshiba International Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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