AC Electric Motor Market Growth Analysis, Forecast 2024-2034

AC Electric Motor Market Outlook

The sales of AC electric motors in the oil and gas industry are projected to be valued at US$ 11.3 billion by the end of 2024 and are expected to rise to US$ 18.6 billion by 2034. The global AC electric motor market is expected to grow at a CAGR of 5.10% during the forecast period.

Key Market Drivers:

The AC electric motor market in the global oil and gas industry generated an estimated revenue of US$ 8.2 billion in 2019. In the span of four years, the market grew at a pace of 6.80% CAGR and added a staggering revenue of US$ 3.1 billion. Several reasons can be attributed to this growth:

Rising demand for energy-efficient and sustainable solutions in oil and gas extraction to enhance environmental performance and operational efficiency
Increasing reliance on AC electric motors of exploration and production companies in the oil and gas industry due to their enhanced performance, reliability, and energy efficiency
Increasing awareness of environmental concerns, forcing stakeholders in the industry to adopt cleaner and greener solutions
Surging demand within the oil and gas industry due to the shift toward modernization and technological upgradation
The push for operational cost reduction amidst the evolving economic landscape, driving the adoption of cost-effective oil and gas solutions
Integration of smart technologies with AC electric motors, making them well-suited for demanding applications in drilling, pumping, and other critical processes
Advancements in AC motor technology, such as variable frequency drives (VFDs), are offering greater control and efficiency in oil and gas applications
Government incentives and regulations promoting energy-efficient solutions in the oil and gas industry to reduce carbon emissions and enhance sustainability

Attributes	Key Statistics
Expected Base Year Value (2024)	US$ 11.3 billion
Anticipated Forecast Value (2034)	US$ 18.6 billion
Estimated Growth (2024 to 2034)	5.10% CAGR

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Consumption Analysis of the AC Electric Motor in the Oil and Gas Industry

Demand from exploration and drilling companies to power drilling rigs makes them a significant consumer pool in the AC electric motor market.
Sales of AC electric motors see a new high in the extraction and production facilities to transport oil and gas through compressors, pumping systems, and other equipment.
Refinery is yet another key consumer of AC electric motors in the oil and gas industry. Demand rises to power critical equipment and ensure efficient fluid flow, pressurization, and ventilation throughout the refining processes.
Adoption of AC electric motors in petrochemical plants is anticipated to rise to facilitate the blending, agitation, and transfer of various chemical components.
On a significantly smaller scale, midstream facilities also generate demand for AC electric motors in compressors and pumping stations to transport oil and gas from production sites to refineries or distribution points.

Historical Analysis of the AC Electric Motor Market in the Oil and Gas Industry

Demand for AC electric motors in the oil and gas industry heavily relies on a multitude of factors, such as the overall demand for oil and gas products in the international marketplace, capital investments in exploration and production projects, innovations and advancements in motor technology, etc. These factors decide the fate of the overall performance of AC electric motors in the oil and gas industry.

In the past few years, the market for AC electric motors has seen a series of ups and downs. During the pandemic, the oil and gas industry faced significant challenges due to a decline in global energy demand, travel restrictions, and economic uncertainties.

This negatively affected the global market revenue for AC electric motors as the pandemic led to a decrease in oil prices, causing companies to reassess their capital expenditures and delay or scale back projects.

However, as the world got accustomed to the new normal, things gradually began to pace up. As economies recovered, the oil and gas industry rebounded, positively impacting the AC electric motor market. Stakeholders across the world started investing heavily in their equipment, thus amplifying the growth of AC electric motors in the global oil and gas industry.

Attributes	Key Statistics
Base Year Value (2019)	US$ 8.2 million
Forecast Value (2023)	US$ 10.6 billion
Estimated Growth (2019 to 2023)	6.80% CAGR

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Restraining Factors Adversely Affecting the AC Electric Motor Market

The AC electric motor market is anticipated to surpass a global valuation of US$ 18.6 billion by the year 2034, with a growth rate of 5.10% CAGR. While the market is expected to experience substantial growth, several restraining factors could adversely affect its development:

The growth of alternative energy storage technologies, such as batteries, for certain applications may pose a challenge to the AC electric motor market, particularly in areas where energy efficiency and environmental impact are critical considerations.
The initial costs associated with implementing AC electric motors, especially advanced and energy-efficient models, act as a deterrent for some end users.
Competition from DC motors, particularly in specific applications that offer advantages, such as energy-efficient operations, precise speed control, and applications with variable torque requirements.

Category-wise Insights

Induction Motors to Gain Popularity in the Oil and Gas Industry

Based on the type, induction motors dominate the global market with a CAGR of 4.0%. This rising preference is attributed to:

The robust design of these motors, making them well-suited for the demanding and harsh operating conditions commonly found in the oil and gas industry.
The reliability of induction motors, even in extreme temperatures, corrosive atmospheres, and potentially explosive environments
The capability of induction motors to operate efficiently across a range of speeds, especially when paired with variable frequency drives (VFDs),
Ongoing advancements in induction motor technology, including improvements in energy efficiency and the incorporation of energy-saving features
The ability of induction motors to deliver high torque at low speeds in applications such as pumping and drilling

Attributes	Details
Type	Induction Motors
CAGR	4.0%

AC Electric Motors, less than 1kV, dominates the Oil and Gas Industry Worldwide

On the basis of voltage, electric motors less than 1kV dominate the global market with a CAGR of 3.8%. This is primarily due to:

Widespread applicability of these motors, making them integral components in various operations within the oil and gas industry
Commonality of these motors, ensuring compatibility with existing infrastructure and power systems
Easy availability of these motors and a diverse range of options and specifications, making them easily accessible for various applications across different industries.
The versatility of electric motors less than 1kV, making them suitable for a wide range of applications within the oil and gas industry, such as powering pumps, compressors, driving fans, conveyors, etc.

Attributes	Details
Voltage	Less than 1kV
CAGR	0%

Country-wise Insights

The section provides an analysis of the AC electric motors market by country, including South Korea, China, the United States, the United Kingdom, and Japan. The table presents the CAGR for each country, indicating the expected growth of the market in that country through 2034.

Countries	CAGR
South Korea	7.40%
The United Kingdom	6.50%
China	6.00%
The United States	5.50%
Japan	3.70%

AC Electric Motor Market in South Korea

South Korea is one of the leading countries in this market. The Korean AC electric motor market is anticipated to retain its dominance by progressing at an annual growth rate of 7.40% till 2034.

South Korea is one of the most advanced countries when it comes to technological advancements in the manufacturing and engineering sectors. The government in this country has been actively promoting these advancements by providing funds and subsidies to the stakeholders in the market. This has pushed the demand for AC electric motors in various industries, especially the oil and gas industry.

AC Electric Motor Market in the United Kingdom

The United Kingdom leads the AC electric motor market in the European region. The market in the UK is anticipated to retain its dominance by progressing at an annual growth rate of 6.50% till 2034.

The United Kingdom is blessed with significant oil and gas reserves in the North Sea. This generates exponential demand for exploration, production, and related services in the country. Besides this, the United Kingdom is also pushing toward sustainability in all its industries, including the oil and gas industry. This has driven the demand for AC electric motors in the United Kingdom.

AC electric motor Market in China

In the Asian region, China is another country that dominates the AC electric motor market. The Chinese AC electric motor market is anticipated to exhibit an annual growth rate of 6.00% till 2034.

In the last few years, the Chinese economy has grown massively. This has led to an increasing demand for oil and gas in the country. This growth is also another reason for the government’s investment in the oil and gas sector to secure a stable energy supply. AC electric motors, being one of the crucial components in these operations, are, thus, in great demand in China. Also,

AC Electric Motor Market in the United States

In the North American region, the United States leads the AC electric motor market. The United States AC electric motor market is anticipated to register a CAGR of 5.50% through 2034.

The shale gas revolution in the United States has transformed the country into a major player in the global oil and gas market, with increased production and exports contributing to market growth. This is one of the main reasons why the United States is one of the leading countries in this market.

AC Electric Motor Market in Japan

Japan is another Asian country leading in the AC electric motor market. Over the next ten years, Japanese demand for AC electric motors is projected to rise at a 3.70% CAGR.

Japan is a major importer of Liquefied Natural Gas, and the country's continued focus on expanding its LNG infrastructure and investments in related projects contributes to the growth of AC electric motors as they play a crucial role in supporting various aspects of LNG infrastructure.

Competitive Landscape

The global AC electric motors market is highly concentrated, with prominent players such as Siemens, General Electric, WEG, Emerson Electric, Nidec, Regal Beloit, Marathon Electric, Kirloskar Electric Company Limited, etc. Key companies in the market are investing heavily in research and development to introduce innovative technologies and improvements in electric motors.

They are also expanding the range of electric motors and related products, allowing companies to cater to a broader spectrum of applications within the oil and gas sector.

Recent Developments:

ABB launched the AMI 5800 NEMA modular induction motor in June 2023, offering exceptional energy efficiency and reliability in demanding applications such as pumps, compressors, and crushers. With a power output of up to 1750 HP, it provides modularity for projects in various industries, including oil, gas, and chemicals.
In July 2019, Ward Leonard, a US manufacturer of electric motors and generators, introduced the WL29BC200 AC induction motor tailored for mud pumps and draw works in oil and gas applications. The 2,000 HP motor is designed to fit into a 1,500 HP motor package, offering compactness and increased power density.

Key Companies in the Market

ABB
Siemens
General Electric
Schneider Electric
WEG
Emerson Electric
Nidec
Regal Beloit
TECO Electric & Machinery
Marathon Electric
Toshiba Corporation
Franklin Electric Co.
Yaskawa Electric Corporation
Baldor Electric Company
Johnson Electric Holdings Limited
Kirloskar Electric Company Limited
Hyundai Electric & Energy Systems
Brook Crompton UK Ltd.
CG Power and Industrial Solutions Ltd.
Leroy-Somer

Market Segmentation

On the basis of type, the market has been segmented as follows:

AC motors
DC motors

On the basis of end-user, the market has been segmented as follows:

Industrial
Commercial
Residential
Agriculture
Transportation

On the basis of power rating, the market has been segmented as follows:

<1 kW Motors
1–2.2 kW Motors
2.2–375 kW Motors
>375 kW Motors

On the basis of voltage, the market has been segmented as follows:

Low Voltage Motors
Medium Voltage Motors
High Voltage Motors

On the basis of rotor type, the market has been segmented as follows:

Inner Rotor
Outer Rotor

On the basis of output power, the market has been segmented as follows:

<1 HP
>1 HP

On the basis of region, the market has been segmented as follows:

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

Frequently Asked Questions

How much is the AC electric motor market currently worth?

The global AC electric motor market is expected to be worth US$ 11.3 billion by 2024.

What is the sales forecast for AC electric motors through 2034?

The market for AC electric motors is expected to reach US$ 18.6 billion by 2034.

At what rate is the AC electric motor market growing across the world?

The AC electric motor market is growing at a CAGR of 5.10% from 2024 to 2034.

Who are the key manufacturing companies for AC electric motors?

Some of the key players in the market are Siemens, General Electric, WEG, Emerson Electric, Nidec, Regal Beloit, Marathon Electric, Kirloskar Electric Company Limited, etc.

Which is the most preferred AC electric motor in the international market?

The induction motor is the most preferred AC electric motor, with a CAGR of 4.0%.

Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Induction Motor
5.3.2. Synchronous Motor
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Voltage
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Voltage, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Voltage, 2024 to 2034
6.3.1. Less than 1kV
6.3.2. Between 1 kV and 6.6 kV
6.3.3. Greater than 6.6 kV
6.4. Y-o-Y Growth Trend Analysis By Voltage, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Voltage, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Output Power
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Output Power, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Output Power, 2024 to 2034
7.3.1. Less than 1 HP
7.3.2. Greater than 1 HP
7.4. Y-o-Y Growth Trend Analysis By Output Power, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Output Power, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Voltage
9.2.4. By Output Power
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Voltage
9.3.4. By Output Power
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Voltage
10.2.4. By Output Power
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Voltage
10.3.4. By Output Power
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Type
11.2.3. By Voltage
11.2.4. By Output Power
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Voltage
11.3.4. By Output Power
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Type
12.2.3. By Voltage
12.2.4. By Output Power
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Voltage
12.3.4. By Output Power
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Type
13.2.3. By Voltage
13.2.4. By Output Power
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Voltage
13.3.4. By Output Power
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Type
14.2.3. By Voltage
14.2.4. By Output Power
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Voltage
14.3.4. By Output Power
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Type
15.2.3. By Voltage
15.2.4. By Output Power
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Type
15.3.3. By Voltage
15.3.4. By Output Power
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Type
16.1.2.2. By Voltage
16.1.2.3. By Output Power
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Type
16.2.2.2. By Voltage
16.2.2.3. By Output Power
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Type
16.3.2.2. By Voltage
16.3.2.3. By Output Power
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Type
16.4.2.2. By Voltage
16.4.2.3. By Output Power
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Type
16.5.2.2. By Voltage
16.5.2.3. By Output Power
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Type
16.6.2.2. By Voltage
16.6.2.3. By Output Power
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Type
16.7.2.2. By Voltage
16.7.2.3. By Output Power
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Type
16.8.2.2. By Voltage
16.8.2.3. By Output Power
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Type
16.9.2.2. By Voltage
16.9.2.3. By Output Power
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Type
16.10.2.2. By Voltage
16.10.2.3. By Output Power
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Type
16.11.2.2. By Voltage
16.11.2.3. By Output Power
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Type
16.12.2.2. By Voltage
16.12.2.3. By Output Power
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Type
16.13.2.2. By Voltage
16.13.2.3. By Output Power
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Type
16.14.2.2. By Voltage
16.14.2.3. By Output Power
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Type
16.15.2.2. By Voltage
16.15.2.3. By Output Power
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Type
16.16.2.2. By Voltage
16.16.2.3. By Output Power
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Type
16.17.2.2. By Voltage
16.17.2.3. By Output Power
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Type
16.18.2.2. By Voltage
16.18.2.3. By Output Power
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Type
16.19.2.2. By Voltage
16.19.2.3. By Output Power
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Type
16.20.2.2. By Voltage
16.20.2.3. By Output Power
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Type
16.21.2.2. By Voltage
16.21.2.3. By Output Power
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Type
16.22.2.2. By Voltage
16.22.2.3. By Output Power
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Type
16.23.2.2. By Voltage
16.23.2.3. By Output Power
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Type
17.3.3. By Voltage
17.3.4. By Output Power
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. ABB Ltd.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Arc Systems Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Franklin Electric Co. Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. General Electric Co.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Hitachi Ltd.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Hoyer Motors
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Nidec Corp.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. NOV Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Parker Hannifin Corp.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Regal Rexnord Corp.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. Rockwell Automation Inc.
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
18.1.12. Schlumberger Ltd.
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.12.5.2. Product Strategy
18.1.12.5.3. Channel Strategy
18.1.13. Siemens AG
18.1.13.1. Overview
18.1.13.2. Product Portfolio
18.1.13.3. Profitability by Market Segments
18.1.13.4. Sales Footprint
18.1.13.5. Strategy Overview
18.1.13.5.1. Marketing Strategy
18.1.13.5.2. Product Strategy
18.1.13.5.3. Channel Strategy
18.1.14. TECO-Westinghouse
18.1.14.1. Overview
18.1.14.2. Product Portfolio
18.1.14.3. Profitability by Market Segments
18.1.14.4. Sales Footprint
18.1.14.5. Strategy Overview
18.1.14.5.1. Marketing Strategy
18.1.14.5.2. Product Strategy
18.1.14.5.3. Channel Strategy
18.1.15. Toshiba Corp.
18.1.15.1. Overview
18.1.15.2. Product Portfolio
18.1.15.3. Profitability by Market Segments
18.1.15.4. Sales Footprint
18.1.15.5. Strategy Overview
18.1.15.5.1. Marketing Strategy
18.1.15.5.2. Product Strategy
18.1.15.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology

AC Electric Motor Market

AC Electric Motor Market in Oil and Gas Industry Forecast by Induction and Synchronous Motor for 2024 to 2034