Analysis on Impact of COVID19-AC Electric Motor Sales in Oil and Gas Market 2020–2024 | Increase in Oil and Gas Demand to Boost Growth | Technavio
Technavio has been monitoring the AC electric motor sales in oil and gas market and it is poised to grow by USD 3106.16 million during 2020–2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., FLANDERS Inc., General Electric Co., Hitachi Ltd., Nidec Motor Corp., Regal Beloit Corp., Schlumberger Ltd., Siemens AG, Toshiba Mitsubishi-Electric Industrial Systems Corp., and WEG SA are some of the major market participants. The increase in oil and gas demand will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
Increase in oil and gas demand has been instrumental in driving the growth of the market.
AC Electric Motor Sales in Oil and Gas Market 2020–2024: Segmentation
AC Electric Motor Sales in Oil and Gas Market is segmented as below:
- Type
- Induction Motor
- Synchronous Motor
- Geography
- APAC
- MEA
- North America
- Europe
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43147
AC Electric Motor Sales in Oil and Gas Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our ac electric motor sales in oil and gas market report covers the following areas:
- AC Electric Motor Sales in Oil and Gas Market: Size
- AC Electric Motor Sales in Oil and Gas Market: Trends
- AC Electric Motor Sales in Oil and Gas Market: Industry Analysis
This study identifies increasing number of smart cities as one of the prime reasons driving the AC electric motor sales growth in oil and gas market during the next few years.
AC Electric Motor Sales in Oil and Gas Market 2020–2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the AC electric motor sales in oil and gas market, including some of the vendors such as ABB Ltd., FLANDERS Inc., General Electric Co., Hitachi Ltd., Nidec Motor Corp., Regal Beloit Corp., Schlumberger Ltd., Siemens AG, Toshiba Mitsubishi-Electric Industrial Systems Corp., and WEG SA. Backed with competitive intelligence and benchmarking, our research reports on the AC electric motor sales in oil and gas market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
