AC Electric Motor in Oil &
Gas Market
AC Electric Motor in Oil & Gas Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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AC Electric Motor in Oil & Gas Market Size and Growth
The AC Electric Motor in the Oil & Gas market is experiencing significant growth, driven by increasing demand for energy-efficient solutions. The market size is projected to reach approximately $2.5 billion by 2027, influenced by technological advancements and rising investments in renewable energy initiatives, enhancing operational efficacy in the sector.
Companies Covered
(Covid 19 Impact Covered)
◍ Allied Motion
◍ Siemens
◍ GE
◍ ABB
◍ WEG SE
◍ Yaskawa
◍ RockWell
◍ Benchmarking
◍ Nidec Corporation
◍ Regal Beloit
◍ Johnson Electric
◍ Hitachi
◍ ARC System
◍ Schneider Electric
◍ Toshiba Corporation
◍ TMEIC
◍ ATB
◍ Hoyer
The AC Electric Motor market in oil & gas features major players like Siemens, GE, ABB, and WEG SE, providing efficient solutions for pumping, compression, and drilling. These companies enhance operational efficiency and reliability, driving market growth. Notable sales figures include:
- Siemens: €62 billion (2022)
- GE: $74 billion (2021)
- ABB: $31 billion (2021)
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Market Segmentation
By Application
Commercial
Industrial
Others
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By Product
Induction Motor
Synchronous Motor
Market Growth
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$ X Billion USD
