Product Code: MRR-031BF22FA1C7
The Global AC Electric Motor in Oil & Gas Market is forecasted to grow significantly, with a projected USD 14.64 billion in 2023 at a CAGR of 6.90% and expected to reach a staggering USD 23.45 billion by 2030.
The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global AC Electric Motor in Oil & Gas Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
Market Segmentation & Coverage:
This research report categorizes the Global AC Electric Motor in Oil & Gas Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product Type, market is studied across Induction Motor and Synchronous Motor. The Synchronous Motor commanded largest market share of 73.28% 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 1-6.6 kV Motor commanded largest market share of 45.33% in 2022, followed by >6.6 kV Motor.
Based on Output Power (HP), market is studied across <1 HP Motor and >1 HP Motor. The >1 HP Motor is projected to witness significant market share during forecast period.
Based on Mode of Operation, market is studied across Offshore and Onshore. The Offshore commanded largest market share of 53.61% 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.
Market Statistics:
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 essential for assessing the Global AC Electric Motor in Oil & Gas Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global AC Electric Motor in Oil & Gas Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global AC Electric Motor in Oil & Gas Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global AC Electric Motor in Oil & Gas Market?
- What is the competitive strategic window for opportunities in the Global AC Electric Motor in Oil & Gas Market?
- What are the technology trends and regulatory frameworks in the Global AC Electric Motor in Oil & Gas Market?
- What is the market share of the leading vendors in the Global AC Electric Motor in Oil & Gas Market?
- What modes and strategic moves are considered suitable for entering the Global AC Electric Motor in Oil & Gas Market?
Table of Contents
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 Product Type, 2022 vs 2030
- 4.3. AC Electric Motor in Oil & Gas Market, by Voltage, 2022 vs 2030
- 4.4. AC Electric Motor in Oil & Gas Market, by Output Power (HP), 2022 vs 2030
- 4.5. AC Electric Motor in Oil & Gas Market, by Mode of Operation, 2022 vs 2030
- 4.6. AC Electric Motor in Oil & Gas Market, by Region, 2022 vs 2030
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. Need for advanced control systems to manage and regulate power 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 and gas industry
- 5.2. Market Trends
- 5.3. Cumulative Impact of COVID-19
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework
- 5.9. 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 Top Three Global Motor Manufacturers
- 13.3.2.2. Flash joins hands with GEM motors to develop electric motors
- 13.3.2.3. 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
14. List of Company Mentioned
15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing