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

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AC Electric Motor Sales in Oil Gas Market by
Type, Voltage, Output Power, HP, Output Power, kW
and Region - Global Forecast to 2023
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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 _at_   https//www.marketsandmarkets.com
/Market-Reports/ac-electric-motor-sale-oil-gas-mar
ket-171501518.html
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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
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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
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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 _at_ https//www.marketsand
markets.com/requestsample.asp?id171501518  
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• 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 industrys 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 _at_ https//www.marketsandmarkets.c
  om/speaktoanalyst.asp?id171501518

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• 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 -
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  e_report1.asp?id171501518

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