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

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 worth $13.2 billion by 2023

AC Electric Motor Sales in Oil & Gas Market worth $13.2 billion by 2023

The study involved 4 major activities in estimating the current size for the AC electric motor sales in oil & gas market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

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AC Electric Motor Sales in Oil & Gas Market to exceed $13.2 Billion by 2023

AC Electric Motor Sales in Oil & Gas Market to exceed $13.2 Billion by 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. Browse 87 market data Tables and 38 Figures spread through 158 Pages and in-depth TOC on "AC Electric Motor Sales in Oil & Gas" View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/ac-electric-motor-sale-oil-gas-market-171501518.html

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