Global AC Electric Motor in Oil and Gas Market By Type (Induction and Synchronous), By Voltage, By Output Power, and By Region – Global Trends and Forecast Analysis, 2021-2033
Publish Date: 2025-02-14 | Format: PDF | Category: Machinery and Equipment | Pages: 291
The global AC electric motor in oil and gas market was valued at USD 13.89 Billion in 2024 and is projected to reach USD 21.94 Billion by 2033 at a CAGR of around 5.21% between 2024 and 2033. With increasing innovation in automation in oil and gas industry along with higher demand for AUVs and ROVs and finding new reserves in remote locations of Africa are key factors for growth in AC electric motor in oil and gas market. Further, with increasing application in a variety of industries such as mining, cement, steel, automotive, petrochemical, pulp and paper, HVAC, etc. would led to high demand for AC Electric motors in oil and gas industry. Further, due to its improved and efficient power generation, it is being used in cranes, compressors, pumps, machine tools, etc. which will generate higher sales for AC electric motors. However, due to mature markets the oil and gas industry growth in these regions would be stagnant hence the AC electric motors markets would also be stagnant. Other geopolitical factors and stringent environmental regulation by respective countries government can also act as a deterrent for AC electric motors sales. The AC electric motor in oil and gas market is segmented on the basis of type, voltage, and region.
Motors that use alternating current for power consumption through the mechanism of electromagnetic induction are called AC electric motors. These motors are efficient in changing power consuming pattern. AC electric motors consists of two key parts i.e. stator and rotor. As the name suggests, stator remains stationary whereas rotor rotates. Electric motors converts power from electrical energy to mechanical energy especially for bulk usage.
Type Segment Analysis
On the basis of type, the global AC electric motor in oil and gas market is divided into synchronous and induction. The induction motor segment is expected to have the largest market share in AC electric motor in oil and gas market. Increasing demand due to its wide applications in many heavy industries over synchronous motors is the prime reason for the market growth. Induction motor segment also provides added advantage of being more durable, cost effective, robust and high operational efficiency even under bad conditions has favoured it over other motor segments.
Voltage Segment Analysis
Based on voltage, the global AC electric motor in oil and gas market report is divided into less than 1 kV, 1-6.6 kV, and more than 6.6 kV. Among these, voltage measures, the 1-6.6 kV segment have considerable advantage over other end-user segments as they are currently ahead of the pack in terms of usage in industrial sectors, there creating demand for AC electric motors. The 1-6.6 kV segment is applied in pumps, compressors, production areas and interstate pipelines of the oil and gas industry, hence it is in great demand.
Regional Analysis
The AC electric motor in oil and gas market has analysed across the five regions including, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its major countries. Asia Pacific has the significant amount of growth rate among all regions and is projected to have the key market share during the forecast period. Increasing demand in countries like China, Japan due to favourable economic conditions, the rising income levels of the middle class population and rapid industrialization, has resulted in high demand for industrial sectors and thereby creating demand for AC electric motors.
With China’s domestic need for oil and gas surpassing its production by a huge margin, importing of oil and gas is done in huge numbers which results in demand for machinery and hence more manufacturers would invest in R&D to provide better efficient motors to run these machines smoothly, hence the AC electric motors market also would grow. Sales of AC electric motors in Asia pacific alone is projected to grow more than the sales of North America, Europe and Oceania combined. Another key region for global AC electric motor in oil and gas market to grow is Europe. With abundant oil and gas reserves and one of the world’s largest oil and gas exporting regions, the Middle East market for AC Electric motor in oil and gas would also increase exponentially.
Competitive Scenario
The report covered the detailed competitive analysis including company profiles of the major industry players operating in the global AC electric motor in oil and gas market. Key players profiled in the report are Regal Beloit, Johnson Electric, WEG SE, Yaskawa, RockWell, Allied Motion, Hitachi, ARC System, Schneider Electric, Siemens, General Electric, ABB, Nidec Corporation, and others.
AC Electric Motor in Oil and Gas Market Report Scope
| Report Attribute | Details |
|---|---|
| Market Size Value in 2024 | USD 13.89 Billion |
| Revenue Forecast in 2033 | USD 21.94 Billion |
| Growth Rate | CAGR of 5.21% from 2025 to 2033 |
| Historic Period | 2021 - 2024 |
| Forecasted Period | 2025 - 2033 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Regions Covered | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Countries Covered | U.S.; Canada; Mexico, UK; Germany; France; Spain; Italy; Russia; China; Japan; India; South Korea; Australia; Southeast Asia; Brazil; Argentina; Saudi Arabia; UAE; South Africa |
| Key companies profiled | Regal Beloit; Johnson Electric; WEG SE; Yaskawa; RockWell; Allied Motion; Hitachi; ARC System; Schneider Electric; Siemens; General Electric; ABB; Nidec Corporation; Other Major Players |
| Customization | Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
The Global AC Electric Motor in Oil and Gas Market report is segmented as follows:
By Type,
- Induction
- Synchronous
By Voltage,
- Less than 1 kV
- 1 kV to 6.6 kV
- More than 6.6 kV
By Output Power,
- 0.12 to 7.5 kW
- 7.5 to 110 kW
- 110 to 1000 kW
- More than 1000 kW
By Region,
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Key Market Players,
- Regal Beloit
- Johnson Electric
- WEG SE
- Yaskawa
- RockWell
- Allied Motion
- Hitachi
- ARC System
- Schneider Electric
- Siemens
- General Electric
- ABB
- Nidec Corporation
- Other Major Players
Frequently Asked Questions
Research Objectives
- Proliferation and maturation of trade in the global AC Electric Motor in Oil and Gas Market.
- The market share of the global AC Electric Motor in Oil and Gas Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global AC Electric Motor in Oil and Gas Market.
- Feasibility study, new market insights, company profiles, investment return, market size of the global AC Electric Motor in Oil and Gas Market.
Chapter 1 AC Electric Motor in Oil and Gas Market Executive Summary
- 1.1 AC Electric Motor in Oil and Gas Market Research Scope
- 1.2 AC Electric Motor in Oil and Gas Market Estimates and Forecast (2021-2033)
- 1.2.1 Global AC Electric Motor in Oil and Gas Market Value and Volume and Growth Rate (2021-2033)
- 1.2.2 Global AC Electric Motor in Oil and Gas Market Price Trend (2021-2033)
- 1.3 Global AC Electric Motor in Oil and Gas Market Value and Volume Comparison, by Type (2021-2033)
- 1.3.1 Induction
- 1.3.2 Synchronous
- 1.4 Global AC Electric Motor in Oil and Gas Market Value and Volume Comparison, by Voltage (2021-2033)
- 1.4.1 Less than 1 kV
- 1.4.2 1 kV to 6.6 kV
- 1.4.3 More than 6.6 kV
- 1.5 Global AC Electric Motor in Oil and Gas Market Value and Volume Comparison, by Output Power (2021-2033)
- 1.5.1 0.12 to 7.5 kW
- 1.5.2 7.5 to 110 kW
- 1.5.3 110 to 1000 kW
- 1.5.4 More than 1000 kW
Chapter 2 Research Methodology
- 2.1 Introduction
- 2.2 Data Capture Sources
- 2.2.1 Primary Sources
- 2.2.2 Secondary Sources
- 2.3 Market Size Estimation
- 2.4 Market Forecast
- 2.5 Assumptions and Limitations
Chapter 3 Market Dynamics
- 3.1 Market Trends
- 3.2 Opportunities and Drivers
- 3.3 Challenges
- 3.4 Market Restraints
- 3.5 Porter's Five Forces Analysis
Chapter 4 Supply Chain Analysis and Marketing Channels
- 4.1 AC Electric Motor in Oil and Gas Supply Chain Analysis
- 4.2 Marketing Channels
- 4.3 AC Electric Motor in Oil and Gas Suppliers List
- 4.4 AC Electric Motor in Oil and Gas Distributors List
- 4.5 AC Electric Motor in Oil and Gas Customers
Chapter 5 COVID-19 & Russia–Ukraine War Impact Analysis
- 5.1 COVID-19 Impact Analysis on AC Electric Motor in Oil and Gas Market
- 5.2 Russia-Ukraine War Impact Analysis on AC Electric Motor in Oil and Gas Market
Chapter 6 AC Electric Motor in Oil and Gas Market Estimate and Forecast by Region
- 6.1 Global AC Electric Motor in Oil and Gas Market Value by Region: 2021 VS 2023 VS 2033
- 6.2 Global AC Electric Motor in Oil and Gas Market Scenario by Region (2021-2023)
- 6.2.1 Global AC Electric Motor in Oil and Gas Market Value and Volume Share by Region (2021-2023)
- 6.3 Global AC Electric Motor in Oil and Gas Market Forecast by Region (2024-2033)
- 6.3.1 Global AC Electric Motor in Oil and Gas Market Value and Volume Forecast by Region (2024-2033)
- 6.4 Geographic Market Analysis: Market Facts and Figures
- 6.4.1 North America AC Electric Motor in Oil and Gas Market Estimates and Projections (2021-2033)
- 6.4.2 Europe AC Electric Motor in Oil and Gas Market Estimates and Projections (2021-2033)
- 6.4.3 Asia Pacific AC Electric Motor in Oil and Gas Market Estimates and Projections (2021-2033)
- 6.4.4 Latin America AC Electric Motor in Oil and Gas Market Estimates and Projections (2021-2033)
- 6.4.5 Middle East & Africa AC Electric Motor in Oil and Gas Market Estimates and Projections (2021-2033)
Chapter 7 Global AC Electric Motor in Oil and Gas Competition Landscape by Players
- 7.1 Global Top AC Electric Motor in Oil and Gas Players by Value (2021-2023)
- 7.2 AC Electric Motor in Oil and Gas Headquarters and Sales Region by Company
- 7.3 Company Recent Developments, Mergers & Acquisitions, and Expansion Plans
Chapter 8 Global AC Electric Motor in Oil and Gas Market, by Type
- 8.1 Global AC Electric Motor in Oil and Gas Market Value and Volume, by Type (2021-2033)
- 8.1.1 Induction
- 8.1.2 Synchronous
Chapter 9 Global AC Electric Motor in Oil and Gas Market, by Voltage
- 9.1 Global AC Electric Motor in Oil and Gas Market Value and Volume, by Voltage (2021-2033)
- 9.1.1 Less than 1 kV
- 9.1.2 1 kV to 6.6 kV
- 9.1.3 More than 6.6 kV
Chapter 10 Global AC Electric Motor in Oil and Gas Market, by Output Power
- 10.1 Global AC Electric Motor in Oil and Gas Market Value and Volume, by Output Power (2021-2033)
- 10.1.1 0.12 to 7.5 kW
- 10.1.2 7.5 to 110 kW
- 10.1.3 110 to 1000 kW
- 10.1.4 More than 1000 kW
Chapter 11 North America AC Electric Motor in Oil and Gas Market
- 11.1 Overview
- 11.2 North America AC Electric Motor in Oil and Gas Market Value and Volume, by Country (2021-2033)
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.2.3 Mexico
- 11.3 North America AC Electric Motor in Oil and Gas Market Value and Volume, by Type (2021-2033)
- 11.3.1 Induction
- 11.3.2 Synchronous
- 11.4 North America AC Electric Motor in Oil and Gas Market Value and Volume, by Voltage (2021-2033)
- 11.4.1 Less than 1 kV
- 11.4.2 1 kV to 6.6 kV
- 11.4.3 More than 6.6 kV
- 11.5 North America AC Electric Motor in Oil and Gas Market Value and Volume, by Output Power (2021-2033)
- 11.5.1 0.12 to 7.5 kW
- 11.5.2 7.5 to 110 kW
- 11.5.3 110 to 1000 kW
- 11.5.4 More than 1000 kW
Chapter 12 Europe AC Electric Motor in Oil and Gas Market
- 12.1 Overview
- 12.2 Europe AC Electric Motor in Oil and Gas Market Value and Volume, by Country (2021-2033)
- 12.2.1 UK
- 12.2.2 Germany
- 12.2.3 France
- 12.2.4 Spain
- 12.2.5 Italy
- 12.2.6 Russia
- 12.2.7 Rest of Europe
- 12.3 Europe AC Electric Motor in Oil and Gas Market Value and Volume, by Type (2021-2033)
- 12.3.1 Induction
- 12.3.2 Synchronous
- 12.4 Europe AC Electric Motor in Oil and Gas Market Value and Volume, by Voltage (2021-2033)
- 12.4.1 Less than 1 kV
- 12.4.2 1 kV to 6.6 kV
- 12.4.3 More than 6.6 kV
- 12.5 Europe AC Electric Motor in Oil and Gas Market Value and Volume, by Output Power (2021-2033)
- 12.5.1 0.12 to 7.5 kW
- 12.5.2 7.5 to 110 kW
- 12.5.3 110 to 1000 kW
- 12.5.4 More than 1000 kW
Chapter 13 Asia Pacific AC Electric Motor in Oil and Gas Market
- 13.1 Overview
- 13.2 Asia Pacific AC Electric Motor in Oil and Gas Market Value and Volume, by Country (2021-2033)
- 13.2.1 China
- 13.2.2 Japan
- 13.2.3 India
- 13.2.4 South Korea
- 13.2.5 Australia
- 13.2.6 Southeast Asia
- 13.2.7 Rest of Asia Pacific
- 13.3 Asia Pacific AC Electric Motor in Oil and Gas Market Value and Volume, by Type (2021-2033)
- 13.3.1 Induction
- 13.3.2 Synchronous
- 13.4 Asia Pacific AC Electric Motor in Oil and Gas Market Value and Volume, by Voltage (2021-2033)
- 13.4.1 Less than 1 kV
- 13.4.2 1 kV to 6.6 kV
- 13.4.3 More than 6.6 kV
- 13.5 Asia Pacific AC Electric Motor in Oil and Gas Market Value and Volume, by Output Power (2021-2033)
- 13.5.1 0.12 to 7.5 kW
- 13.5.2 7.5 to 110 kW
- 13.5.3 110 to 1000 kW
- 13.5.4 More than 1000 kW
Chapter 14 Latin America AC Electric Motor in Oil and Gas Market
- 14.1 Overview
- 14.2 Latin America AC Electric Motor in Oil and Gas Market Value and Volume, by Country (2021-2033)
- 14.2.1 Brazil
- 14.2.2 Argentina
- 14.2.3 Rest of Latin America
- 14.3 Latin America AC Electric Motor in Oil and Gas Market Value and Volume, by Type (2021-2033)
- 14.3.1 Induction
- 14.3.2 Synchronous
- 14.4 Latin America AC Electric Motor in Oil and Gas Market Value and Volume, by Voltage (2021-2033)
- 14.4.1 Less than 1 kV
- 14.4.2 1 kV to 6.6 kV
- 14.4.3 More than 6.6 kV
- 14.5 Latin America AC Electric Motor in Oil and Gas Market Value and Volume, by Output Power (2021-2033)
- 14.5.1 0.12 to 7.5 kW
- 14.5.2 7.5 to 110 kW
- 14.5.3 110 to 1000 kW
- 14.5.4 More than 1000 kW
Chapter 15 Middle East & Africa AC Electric Motor in Oil and Gas Market
- 15.1 Overview
- 15.2 Middle East & Africa AC Electric Motor in Oil and Gas Market Value and Volume, by Country (2021-2033)
- 15.2.1 Saudi Arabia
- 15.2.2 UAE
- 15.2.3 South Africa
- 15.2.4 Rest of Middle East & Africa
- 15.3 Middle East & Africa AC Electric Motor in Oil and Gas Market Value and Volume, by Type (2021-2033)
- 15.3.1 Induction
- 15.3.2 Synchronous
- 15.4 Middle East & Africa AC Electric Motor in Oil and Gas Market Value and Volume, by Voltage (2021-2033)
- 15.4.1 Less than 1 kV
- 15.4.2 1 kV to 6.6 kV
- 15.4.3 More than 6.6 kV
- 15.5 Middle East & Africa AC Electric Motor in Oil and Gas Market Value and Volume, by Output Power (2021-2033)
- 15.5.1 0.12 to 7.5 kW
- 15.5.2 7.5 to 110 kW
- 15.5.3 110 to 1000 kW
- 15.5.4 More than 1000 kW
Chapter 16 Company Profiles and Market Share Analysis: (Business Overview, Market Share Analysis, Products/Services Offered, Recent Developments)
- 16.1 Regal Beloit
- 16.2 Johnson Electric
- 16.3 WEG SE
- 16.4 Yaskawa
- 16.5 RockWell
- 16.6 Allied Motion
- 16.7 Hitachi
- 16.8 ARC System
- 16.9 Schneider Electric
- 16.10 Siemens
- 16.11 General Electric
- 16.12 ABB
- 16.13 Nidec Corporation
- 16.14 Other Major Players
Report ID:
3
Published Date:
February 2025
Trusted by more than 10,500 organizations globally
Infaluble Methodology
Customization
Analyst Support
Targeted Market View