Global AC Electric Motor Sales in Oil & Gas Market to Grow at 4.62% CAGR to 2023

Global AC Electric Motor Sales in Oil & Gas Market report describe AC Electric Motor Sales in Oil & Gas Introduction, product scope, market overview, market opportunities, market risk, market driving force. The Global Molluscicides report analyzes the key regions, with sales, revenue and market share by key countries in these regions.

The AC Electric Motor Sales in Oil & Gas Market is projected to reach US$ 13.2 Billion by 2023, from an estimated US$ 10.5 Billion in 2018, at a CAGR of 4.62%. This can be attributed to the growth of the technological developments in the oil & gas industry. Increasing automation in the oil & gas industry & new discoveries of reserves in the African region offer promising business opportunities for the growth of AC electric motor sales in oil & gas market.

Introduction

• Objectives of the Study
• Definition
• Market Scope
• Market Segmentation
• Regional Scope
• Years Considered for the Study
• Currency
• Stakeholders

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Ac Electric Motor Sales in Oil & Gas Market, By Type

• Introduction
• Induction Motor
• Asia Pacific is Projected to Be the Largest Market for Induction Motor
• Synchronous Motor
• Asia Pacific is Projected to Be the Largest Market for Synchronous Motor

Middle Eastis expected to be the largest market for AC electric motor sales in oil & gas in 2023 and is projected to grow at the highest CAGR, during the forecast period. The market growth is driven by investments in the power generation and oil & gas sectors. The region has abundant reserves of hydrocarbons and is one of the leading petroleum producing regions in the world.

Competitive Landscape

• Ranking of Players and Industry Concentration, 2017
• Competitive Scenario
• Contracts & Agreements
• New Product Developments
• Investments & Expansions
• Mergers & Acquisitions
• Company Profile

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

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• By Company Type: Tier 1- 70%, Tier 2- 20%, and Tier 3- 10%
• By Designation: C-Level- 50%, Director Level- 20%, and Others- 30%
• By Region: North America- 35%, Asia Pacific- 12%, Europe-22%, Middle East& Africa-10%, and South America-21%

Research Coverage

The report defines, describes, and forecasts the global AC electric motor sales in oil & gas market by type, voltage, power output (HP), power output (kW), and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.

Key Benefits of Buying the Report

The report will provide the market leaders/new entrants in this market information on the closest approximations of the revenue numbers for the overall AC electric motor sales in oil & gas market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies

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