Global AC Electric Motor Sales in Oil & Gas Market Report 2018-2023 - Leading Players are ABB, General Electric, WEG, Siemens and Toshiba

DUBLIN, Nov 19, 2018 /PRNewswire/ --

The "AC Electric Motor Sales in Oil & Gas Market by Type, Voltage, Output Power, HP, Output Power, kW and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The AC electric motor sales in oil & gas market is projected to reach USD 13.2 billion by 2023, from an estimated USD 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. The stagnant growth in oil & gas industry can act as a restraint for AC electric motor sales.

The induction motor segment is expected to dominate the AC electric motor sales in oil & gas market from 2018 to 2023.

The induction motor segment held the largest market share in 2018 and is estimated to be the fastest growing segment during the forecast period. The induction motor segment provides more advantages over synchronous motor. It converts voltage and current to digital forms and processes the resulted measurement using a microprocessor. The primary advantages of induction motors include their robustness and ability to operate in any environmental condition.

1 kV-6.6 kV voltage segment is expected to be the fastest growing segment in AC electric motor sales in oil & gas market during the forecast period.

The 1 kV-6.6 kV voltage segment is expected to grow at the fastest rate between 2018 and 2023. These motors find applications in pumps and compressors within oil & gas industry. The expansion of the oil & gas industry has created demand for large motors to drive gas compressors and oil pumps. These motors are also used in the oil & gas industries in the production areas and on interstate pipelines and are usually designed with explosion protection.

Middle East: The fastest growing market for AC electric motor sales in oil & gas.

Middle East is 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. The Middle East is the primary exporter of oil & gas globally, mainly to Asian countries such as China and India.

In January 2016, the oil export sanctions on Iran were lifted, allowing the country to export oil, which led to an increase in E&P activities, further leading to a rise in oil production. Moreover, as per the Baker Hughes' International Rig Count December 2017, there was a considerable drop in the rig count in 2016 compared to that in 2014 and 2015. These developments would trigger the growth of the oil & gas pump market in the region.

The leading players in the AC electric motor sales in oil & gas market include ABB (Switzerland), General Electric (US), WEG (Brazil), Siemens (Germany), and Toshiba (Japan).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Ac Electric Motor Sales in Oil & Gas Market During the Forecast Period
4.2 Ac Electric Motor Sales in Oil & Gas Market, By Country
4.3 Asia Pacific Ac Electric Motor Sales in Oil & Gas Market, By Output Power (HP) & Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Automation in Oil & Gas Sector
5.2.1.2 Transition to Energy-Efficient Motors in Oil & Gas Industry
5.2.2 Restraints
5.2.2.1 Stagnant Growth in Oil & Gas Industry
5.2.2.2 Growing Renewable Energy Sector
5.2.3 Opportunities
5.2.3.1 New Discoveries of Oil & Gas Reserves in the African Region
5.2.3.2 Increasing Use of Rovs and Auvs Will Provide Opportunities for Ac Electric Motors
5.2.4 Challenges
5.2.4.1 Strict Government Regulations

6 Ac Electric Motor Sales in Oil & Gas Market, By Type
6.1 Introduction
6.2 Induction Motor
6.2.1 Asia Pacific is Projected to Be the Largest Market for Induction Motor
6.3 Synchronous Motor
6.3.1 Asia Pacific is Projected to Be the Largest Market for Synchronous Motor

7 Ac Electric Motor Sales in Oil & Gas Market, By Voltage
7.1 Introduction
7.2 7.2.1 Increasing Need for Low Maintenance and Highly Efficient Motors is Expected to Drive the Market for Motors With Voltage 7.3 1-6.6 kV Motor
7.3.1 North America is Projected to Be the Second Largest Market for Ac Electric Motors With 1-6.6 kV Voltage Range
7.4 >6.6 kV Motor
7.4.1 Asia Pacific is Projected to Be the Largest Market for Ac Electric Motors With >6.6 kV Voltage Range

8 Ac Electric Motor Sales in Oil & Gas Market, By Output Power (HP)
8.1 Introduction
8.2 8.2.1 Asia Pacific is Projected to Be the Largest Market for Ac Electric Motors With 8.3 >1 HP Motor
8.3.1 Asia Pacific is Projected to Be the Largest Market for Ac Electric Motors With > 1 HP Range

9 Ac Electric Motor Sales in Oil & Gas Market, By Output Power (kW)
9.1 Introduction
9.2 0.12-7.5 kW
9.2.1 Increasing Use of Ac Electric Motors With 0.12-7.5 kW Range in Oil & Gas Applications is Expected to Drive the Market for This Segment
9.3 7.5-110 kW
9.3.1 Asia Pacific is Projected to Be the Largest Market for Ac Electric Motors With 7.5-110 kW Range
9.4 110-1,000 kW
9.4.1 Asia Pacific is Projected to Be the Largest Market for Ac Electric Motors With 110-1,000 kW Range
9.5 >1,000 kW
9.5.1 North America is Projected to Be the Second Largest Market for Ac Electric Motors With 7.5-110 kW Range

10 Ac Electric Motor Sales in Oil & Gas Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Type
10.2.2 By Voltage
10.2.3 By Output Power (HP)
10.2.4 By Output Power (kW)
10.2.5 By Country
10.2.5.1 China
10.2.5.1.1 Increasing Oil Fields are Expected to Drive the Demand for Ac Electric Motors in the Country
10.2.5.2 Japan
10.2.5.2.1 Increasing Consumption of Oil and Gas to Drive the Demand for Ac Electric Motors in the Country
10.2.5.3 India
10.2.5.3.1 India is Emerging as A Refinery Hub to Drive the Demand for Ac Electric Motors in the Country
10.2.5.4 South Korea
10.2.5.4.1 Induction Motor Segment is Projected to Be the Largest Market in South Korea
10.2.5.5 Australia
10.2.5.5.1 Increasing Exploration and Drilling Activities Will Drive the Ac Electric Motor Sales in the Country
10.2.5.6 Vietnam
10.2.5.6.1 Increasing Investment By the Government in Offshore Oil & Gas Exploration Will Drive the Ac Electric Motor Sales in the Country
10.2.5.7 Rest of Asia Pacific
10.3 North America
10.3.1 By Type
10.3.2 By Voltage
10.3.3 By Power Output (HP)
10.3.4 By Output Power (kW)
10.3.5 By Country
10.3.5.1 US
10.3.5.1.1 Technological Advances in Onshore Horizontal Drilling Will Drive the Ac Electric Motor Sales in the Country
10.3.5.2 Canada
10.3.5.2.1 Increasing E&P Activities Will Drive the Ac Electric Motor Sales in the Country
10.3.5.3 Mexico
10.3.5.3.1 Induction Motor Segment Will Account for the Largest Share in the Country
10.4 Europe
10.4.1 By Type
10.4.2 By Voltage
10.4.3 By Output Power (HP)
10.4.4 By Output Power (kW)
10.4.5 By Country
10.4.5.1 Denmark
10.4.5.1.1 Implementation of Technology in Oil & Gas Exploration Activities Will Drive the Market for Ac Electric Motor Sales in the Country
10.4.5.2 France
10.4.5.2.1 Induction Motor Segment Will Account for the Largest Share in the Country
10.4.5.3 Germany
10.4.5.3.1 Germany Being the Largest Refiners in the World, Will Drive the Market for Ac Electric Motor Sales in the Country
10.4.5.4 Italy
10.4.5.4.1 Increasing National Oil & Gas Production in the Country Will Drive the Market for Ac Electric Motor Sales
10.4.5.5 Norway
10.4.5.5.1 Increasing E&P Activities in the Country are Expected to Drive the Ac Electric Motor Sales
10.4.5.6 Portugal
10.4.5.6.1 Increasing E&P Contracts in the Country are Expected to Drive the Ac Electric Motor Sales
10.4.5.7 Russia
10.4.5.7.1 Expansion of Natural Gas Pipelines in the Country is Expected to Drive the Ac Electric Motor Sales
10.4.5.8 Spain
10.4.5.8.1 Induction Motor Segment is Estimated to Contribute the Largest Market Share in the Spanish Market
10.4.5.9 Sweden
10.4.5.9.1 Induction Motor Segment is Estimated to Contribute the Largest Market Share in the Swedish Market
10.4.5.10 UK
10.4.5.10.1 Induction Motor Segment is Estimated to Contribute the Largest Market Share in the UK Market
10.4.5.11 Rest of Europe
10.5 Middle East
10.5.1 By Type
10.5.2 By Voltage
10.5.3 By Output Power (HP)
10.5.4 By Output Power (kW)
10.5.5 By Country
10.5.5.1 Kuwait
10.5.5.1.1 Increasing Government Spending in Oil & Gas Industry is Expected to Drive the Ac Electric Motor Sales in the Country
10.5.5.2 Saudi Arabia
10.5.5.2.1 Increasing Government Spending in Oil & Gas Industry is Expected to Drive the Ac Electric Motor Sales in the Country
10.5.5.3 UAE
10.5.5.3.1 Abundant Oil Reserves in the Country are Expected to Drive the Ac Electric Motor Sales in the UAE
10.5.5.4 Rest of Middle East
10.6 South America
10.6.1 By Type
10.6.2 By Voltage
10.6.3 By Output Power (HP)
10.6.4 By Output Power (kW)
10.6.5 By Country
10.6.5.1 Brazil
10.6.5.1.1 Huge Investments By Oil & Gas Companies From Across the Globe are Expected to Drive the Ac Electric Motor Sales in Brazil
10.6.5.2 Argentina
10.6.5.2.1 Induction Motor Segment is Expected to Hold the Largest Share in Ac Electric Motor Sales in the Country
10.6.5.3 Venezuela
10.6.5.3.1 Induction Motor Segment is Expected to Hold the Largest Share in Ac Electric Motor Sales in the Country
10.6.5.4 Chile
10.6.5.4.1 Increasing Petroleum Production is Expected to Drive the Ac Electric Motor Sales in the Country
10.6.5.5 Colombia
10.6.5.5.1 Strong Network of Oil & Gas Pipelines is Expected to Drive the Ac Electric Motor Sales in the Country
10.6.5.6 Rest of South America
10.7 Africa
10.7.1 By Type
10.7.2 By Voltage
10.7.3 By Output Power (HP)
10.7.4 By Output Power (kW)
10.7.5 By Country
10.7.5.1 Algeria
10.7.5.1.1 Increasing Investment in Upstream Activities is Expected to Drive the Ac Electric Motor Sales in the Country
10.7.5.2 Egypt
10.7.5.2.1 Increasing Investment in Oil & Gas Sector is Expected to Drive the Ac Electric Motor Sales in the Country
10.7.5.3 Libya
10.7.5.3.1 Induction Motor Segment is Expected to Account for the Largest Share in Ac Electric Motor Sales in Oil & Gas Industry in the Country
10.7.5.4 Rest of North Africa
10.7.5.5 Nigeria
10.7.5.5.1 Induction Motor Segment is Expected to Be the Fastest Growing Segment in Ac Electric Motor Sales in Oil & Gas Industry in the Country
10.7.5.6 Kenya
10.7.5.6.1 Induction Motor Segment is Expected to Be the Fastest Growing Segment in Ac Electric Motor Sales in Oil & Gas Industry in the Country
10.7.5.7 South Africa
10.7.5.7.1 Initiatives From the Government for the Growth of Mining Sector are Expected to Drive the Ac Electric Motor Sales in the Country
10.7.5.8 Rest of Africa

11 Competitive Landscape
11.1 Ranking of Players and Industry Concentration, 2017
11.2 Competitive Scenario
11.2.1 Contracts & Agreements
11.2.2 New Product Developments
11.2.3 Investments & Expansions
11.2.4 Mergers & Acquisitions

12 Company Profile
12.1 Benchmarking
12.2 Siemens
12.3 GE
12.4 ABB
12.5 WEG SE
12.6 Yaskawa
12.7 RockWell
12.8 Allied Motion
12.9 Nidec Corporation
12.10 Regal Beloit
12.11 Johnson Electric
12.12 Hitachi
12.13 ARC System
12.14 Schneider Electric
12.15 Toshiba Corporation
12.16 TMEIC
12.17 ATB
12.18 Hoyer

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