PUBLISHER: 360iResearch | PRODUCT CODE: 1302368
PUBLISHER: 360iResearch | PRODUCT CODE: 1302368
The Global AC Electric Motor in Oil & Gas Market is forecasted to grow significantly, with a projected USD 14.64 billion in 2023 at a CAGR of 6.90% and expected to reach a staggering USD 23.45 billion by 2030.
The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global AC Electric Motor in Oil & Gas Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
This research report categorizes the Global AC Electric Motor in Oil & Gas Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product Type, market is studied across Induction Motor and Synchronous Motor. The Synchronous Motor commanded largest market share of 73.28% in 2022, followed by Induction Motor.
Based on Voltage, market is studied across 1-6.6 kV Motor, <1 kV Motor, and >6.6 kV Motor. The 1-6.6 kV Motor commanded largest market share of 45.33% in 2022, followed by >6.6 kV Motor.
Based on Output Power (HP), market is studied across <1 HP Motor and >1 HP Motor. The >1 HP Motor is projected to witness significant market share during forecast period.
Based on Mode of Operation, market is studied across Offshore and Onshore. The Offshore commanded largest market share of 53.61% in 2022, followed by Onshore.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.31% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
The FPNV Positioning Matrix is essential for assessing the Global AC Electric Motor in Oil & Gas Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.