COVID-19 Impact on AC Electric Motor Sales in Oil and Gas Market 2021-2025 | 1.37% YOY Growth in 2021 | Technavio

NEW YORK, May 6, 2021 /PRNewswire/ — 
The AC electric motor sales in the…

NEW YORK, May 6, 2021 /PRNewswire/ — 

The AC electric motor sales in the oil and gas market is expected to grow by USD 2.40 billion, progressing at a CAGR of over 4% during the forecast period.

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The increase in oil and gas demand is one of the major factors propelling the market growth. However, fluctuations in global crude oil prices might hamper the market growth.

AC Electric Motor Sales In Oil And Gas Market: Type Landscape

Based on the segmentation by type, the market saw maximum growth in the induction motor segment. The growth of the segment can be attributed to the increased use of induction motors in applications such as oil and gas exploration tools, tractor tools, rotary steering systems, formation testing tools, actuators, completion tools, hydraulic pumps, and others. The market growth in the segment will be significant during the forecast period.

AC Electric Motor Sales In Oil And Gas Market: Geographic Landscape

By geography, APAC is going to have lucrative growth during the forecast period. About 33% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by the increase in E&P activities of unconventional reserves and the rising demand for energy. China is the key market for AC electric motor sales in oil and gas market in APAC.

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Related Reports on Industrials Include:

Global Synchronous Electric Motors Market
 – Global synchronous electric motors market is segmented by product (DC excited synchronous electric motors and non-excited synchronous electric motors), end-user (oil and gas, chemical and petrochemical, metals and mining, power generation, and others), and geography (APAC, Europe, North America, MEA, and South America).

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Global Servo Motors and Drives Market – Global servo motors and drives market is segmented by product (DC servo motors and drives and AC servo motors and drives) and geography (APAC, Europe, North America, MEA, and South America).

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Companies Covered:

  • ABB Ltd.
  • FLANDERS Inc.
  • General Electric Co.
  • Hitachi Ltd.
  • Nidec Corp.
  • Regal Beloit Corp.
  • Schlumberger Ltd.
  • Siemens AG
  • Toshiba Mitsubishi-Electric Industrial Systems Corp.
  • WEG Equipamentos Eletricos SA

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Induction motor – Market size and forecast 2020-2025
  • Synchronous motor – Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • FLANDERS Inc.
  • General Electric Co.
  • Hitachi Ltd.
  • Nidec Corp.
  • Regal Beloit Corp.
  • Schlumberger Ltd.
  • Siemens AG
  • Toshiba Mitsubishi-Electric Industrial Systems Corp.
  • WEG Equipamentos Eletricos SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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