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AC Electric Motor Sales in Oil & Gas Market - Global Trends and Analysis to 2023

The AC Electric motor sales in oil & gas industry market is projected to reach USD 13.2 Billion by 2023. The AC Electric Motor Sales in Oil & Gas market is expected to grow from an estimated USD 10.5 billion in 2018 to USD 13.2 billion by 2023, at a CAGR of 4.62%. Increasing use of ROVs and AUVs and new discoveries of oil & gas reserves are likely to drive the AC Electric Motor market.

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AC Electric Motor Sales in Oil & Gas Market - Global Trends and Analysis to 2023

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  1. AC Electric Motor Sales in Oil & Gas Market by Type, Voltage, Output Power, HP, Output Power, kW and Region - Global Forecast to 2023 www.MarketsandMarkets.com

  2. The AC Electric Motor Sales in Oil & Gas Market is expected to grow from an estimated USD 10.5 billion in 2018 to USD 13.2 billion by 2023, at a CAGR of 4.62%. Increasing use of ROVs and AUVs and new discoveries of oil & gas reserves are likely to drive the AC Electric Motor market. Browse and in-depth TOC on "AC Electric Motor Sales in Oil & Gas Market"   87 - Tables  38 - Figures   158 - Pages   View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/ac-electric-motor-sale-oil-gas-market-171501518.html

  3. The induction motor segment is expected to hold the largest share of the AC electric motor market, by type, during the forecast period.  The induction motor segment led the AC electric motor market in 2018 and is projected to have the largest market share during the forecast period. Due to its durability, high starting torque, speed variation, ease of operation, and low maintenance cost, these types of motors are most widely used, and in practical terms, quite suitable for nearly all types of machines. Moreover, Modernization of utilities-based infrastructure in developed countries and factors such as growing urban population and industrialization would drive the induction motor market during the forecast period Don't miss out on business opportunities in AC Electric Motor Sales in Oil & Gas Market. Download PDF Brochure and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/pdfdownload.asp?id=171501518

  4. The 1KV-6.6KV segment of the AC Electric Motor market, by voltage type, is expected to grow at the highest CAGR during the forecast period  The 1KV-6.6KV segment led the AC Electric Motor market in 2018 and is one of the fastest growing market during the forecast period. Increasing industrial sector across the globe is expected to boost the AC Electric Motor in oil & gas industry market during the forecast period. This will create a demand for AC electric motor.  According to the BP Statistical Review of World Energy 2017, Asia Pacific is expected to rise from 42% in 2016 to 47% by 2035, which would be more than the combined share of North America, Europe, and Eurasia. Thus, it would boost the growth of AC Electric Motor market during the forecast period. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=171501518

  5. Asia Pacific: The leading market for AC Electric Motor in Oil & Gas Industry  In this report, the AC electric motor in oil & gas industry market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and the Middle East & Africa. Asia Pacific led the global AC electric motor in oil & gas industry market in 2018. China and Japan are the largest markets for AC electric motor in the region. The Chinese market, being one of the strongest in the region, is expected to grow as it is one of the biggest importers of oil, and its domestic demand surpasses its production. Moreover, robust demand for industrial machinery, especially in the oil & gas industry, will encourage the manufacturer to design more efficient motors, which is expected to drive the AC Electric Motor Sales in Oil & Gas Market. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=171501518

  6. Market Size Estimation • Both top-down and bottom-up approaches were used to estimate and validate the total size of the AC electric motor sales in oil & gas market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following: • The key players in the industry and markets have been identified through extensive secondary research. • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes. • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=171501518

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the AC electric motor in oil & gas industry market. The key players include • ABB (Switzerland), • WEG (Brazil), • Schneider Electric (France), • Siemens (Germany), • GE (US), etc. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=171501518

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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