Global AC Electric Motor Sales in Oil & Gas Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Induction Motor, and Synchronous Motor.By Output Power (kW);
0.12–7.5 KW, 7.5–110 kW, 110–1, 000 K, and Greater Than 1 and 000 KW.By Outlook Type;
Induction Motor and Synchronous Motor.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa. and Latin America - Report Timeline (2021 - 2031).Introduction
Global AC Electric Motor Sales in Oil & Gas Market (USD Million), 2021 - 2031
In the year 2024, the Global AC Electric Motor Sales in Oil & Gas Market was valued at USD 13,634.61 million. The size of this market is expected to increase to USD 18,930.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.
In the dynamic landscape of the global oil and gas industry, the role of AC electric motors stands as pivotal as ever. These motors serve as indispensable components across various operations within this sector, ranging from drilling and extraction to refining and transportation. With the increasing emphasis on efficiency, reliability, and environmental sustainability, the demand for AC electric motors in the oil and gas market has witnessed steady growth. Whether it's powering pumps, compressors, or other critical machinery, these motors play a crucial role in ensuring smooth operations and maximizing productivity amidst the complexities of the oil and gas domain.
As the oil and gas industry continues to evolve in response to technological advancements and shifting market dynamics, the sales of AC electric motors remain closely intertwined with these developments. Factors such as the expansion of exploration and production activities, the adoption of advanced automation solutions, and the growing focus on renewable energy integration all contribute to the demand for high-performance AC electric motors. Moreover, stringent regulatory frameworks and the imperative to reduce carbon emissions further drive the market towards energy-efficient solutions. Against this backdrop, manufacturers and suppliers of AC electric motors are poised to capitalize on emerging opportunities and address evolving customer needs within the dynamic realm of the oil and gas sector.
Global AC Electric Motor Sales in Oil & Gas Market Recent Developments
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In March 2023, Siemens Energy introduced new high-efficiency AC electric motors for oil and gas applications, focusing on lowering operational costs
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In May 2022, ABB announced the development of custom AC motors for use in offshore oil rigs, emphasizing durability in harsh environments
Segment Analysis
The global AC electric motor sales in the oil & gas market exhibit a diverse landscape characterized by various motor types, including induction motors and synchronous motors. These motors cater to different operational requirements within the industry. In the lower power range of 0.12–7.5 kW, induction motors are commonly employed for tasks such as driving pumps and fans in smaller-scale applications. Moving up the power spectrum to 7.5–110 kW, these motors continue to find utility in mid-sized operations within the oil & gas sector. However, in more demanding applications where precise control and synchronization are crucial, such as compressors and high-speed machinery, synchronous motors become prevalent, especially in the power ranges of 110–1,000 kW and greater than 1,000 kW.
The market for electric motors can be analyzed based on the outlook type, which primarily includes induction motors and synchronous motors. Induction motors dominate the segment due to their widespread use in industrial, commercial, and residential applications, offering cost efficiency, durability, and lower maintenance requirements. These motors operate on the principle of electromagnetic induction, making them highly suitable for applications requiring consistent speed and torque. On the other hand, synchronous motors, known for their precise speed control and high efficiency, are gaining traction in industries requiring accurate motion control, such as robotics, aerospace, and power generation. The adoption of synchronous motors is further driven by advancements in automation and increasing demand for energy-efficient solutions. While induction motors remain a preferred choice due to their simplicity and affordability, synchronous motors are expected to witness significant growth with the rising focus on sustainability and smart motor technologies.
The market for AC electric motors in the oil & gas industry is distributed across key regions. North America, with its expansive oil & gas infrastructure, remains a prominent market for these motors, leveraging both induction and synchronous types across different power segments. In Europe, stringent regulations drive the adoption of energy-efficient motors, influencing the market dynamics. The Asia Pacific region, characterized by rapid industrialization and growing energy demands, witnesses significant growth in motor sales, especially in the higher power ranges. The Middle East & Africa region, being a hub of oil production, sustains demand for motors across various power categories. Latin America also contributes to the market, albeit to a lesser extent, with its burgeoning oil & gas activities.
Global AC Electric Motor Sales in Oil & Gas Segment Analysis
In this report, the Global AC Electric Motor Sales in Oil & Gas Market has been segmented by Type, Output Power (kW) Outlook Type, and Geography.
Global AC Electric Motor Sales in Oil & Gas Market, By Type
The Global AC Electric Motor Sales in Oil & Gas Market has been segmented by Type into Induction Motor and Synchronous Motor.
Induction motors, renowned for their simplicity and reliability, dominate a significant portion of the market. These motors find extensive usage in various oil and gas applications due to their rugged construction and ability to withstand harsh operating environments. Synchronous motors, on the other hand, offer distinct advantages such as higher efficiency and precise speed control, making them suitable for specialized operations within the oil and gas sector where precision and performance are paramount.
The segmentation of the market into Induction and Synchronous motors reflects the diverse needs of the oil and gas industry, where different applications demand specific motor characteristics. While induction motors cater to applications requiring robustness and cost-effectiveness, synchronous motors cater to tasks demanding high precision and efficiency. This segmentation enables market players to tailor their offerings to meet the varied requirements of oil and gas operations, thereby fostering innovation and driving the advancement of motor technology in the industry.
Global AC Electric Motor Sales in Oil & Gas Market, By Output Power (kW)
The Global AC Electric Motor Sales in Oil & Gas Market has been segmented by Output Power (kW) into 0.127.5 kW, 7.5110 kW, 1101 and Greater than 1.
Within the range of 0.1-27.5 kW, motors serve a variety of applications, from powering small equipment to driving pumps and compressors in oil and gas operations. The 7.5-110 kW segment addresses the requirements of medium-scale machinery, such as drilling rigs and extraction pumps, offering efficient and reliable performance crucial for operational continuity. The category of motors exceeding 110 kW caters to heavy-duty applications, including powering large-scale equipment and machinery integral to oil and gas exploration, production, and refining processes.
The segmentation of AC electric motor sales by output power underscores the dynamic nature of the oil and gas sector, where diverse operational demands necessitate specialized equipment. Motors falling within the 0.1-27.5 kW range cater to smaller-scale operations, providing flexibility and efficiency in powering auxiliary equipment and smaller machinery crucial for various processes within the industry. In contrast, the 7.5-110 kW segment targets medium-scale applications, offering the necessary power and performance to drive essential equipment involved in drilling, extraction, and transportation processes. Motors exceeding 110 kW are geared towards heavy-duty tasks, supporting the operation of large-scale machinery and critical infrastructure essential for sustaining production levels in the oil and gas sector.
Global AC Electric Motor Sales in Oil & Gas Market, By Outlook Type
The Global AC Electric Motor Sales in Oil & Gas Market has been segmented by Outlook Type into Induction Motor and Synchronous Motor.
The market for electric motors can be analyzed based on the outlook type, which primarily includes induction motors and synchronous motors. Induction motors dominate the segment due to their widespread use in industrial, commercial, and residential applications, offering cost efficiency, durability, and lower maintenance requirements.
These motors operate on the principle of electromagnetic induction, making them highly suitable for applications requiring consistent speed and torque. On the other hand, synchronous motors, known for their precise speed control and high efficiency, are gaining traction in industries requiring accurate motion control, such as robotics, aerospace, and power generation. The adoption of synchronous motors is further driven by advancements in automation and increasing demand for energy-efficient solutions. While induction motors remain a preferred choice due to their simplicity and affordability, synchronous motors are expected to witness significant growth with the rising focus on sustainability and smart motor technologies.
Global AC Electric Motor Sales in Oil & Gas Market, By Geography
In this report, the Global AC Electric Motor Sales in Oil & Gas Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global AC Electric Motor Sales in Oil & Gas Market Share (%), by Geographical Region, 2024
North America, with its advanced drilling technologies and expansive shale reserves, stands as a significant market for AC electric motors. The region's robust oil and gas infrastructure, coupled with ongoing technological advancements, fosters steady demand for efficient motor systems. Europe, with its focus on renewable energy transitions alongside traditional hydrocarbon extraction, presents a nuanced market for AC electric motors.
Regulatory frameworks emphasizing energy efficiency and environmental sustainability drive the adoption of high-performance motor solutions across various oil and gas operations. The Asia Pacific region, characterized by burgeoning industrialization and increasing energy consumption, showcases a growing appetite for AC electric motors in oil and gas applications. Rapid infrastructural development and escalating investments in exploration and production activities propel market expansion, particularly in emerging economies like China and India.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global AC Electric Motor Sales in Oil & Gas Market. These factors include; Market Drivers, Restraints and Opportunities
Drivers, Restraints and Opportunity
Drivers
- Emission regulations
- Technological advances
- Global infrastructure expansion
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Automation and IoT integration - In recent years, the industry has witnessed a significant shift towards automated processes and the integration of IoT technologies to streamline operations, enhance efficiency, and ensure predictive maintenance. Automation allows for the seamless control and monitoring of electric motors, enabling operators to optimize performance and reduce downtime. IoT integration facilitates real-time data collection and analysis, providing valuable insights into motor health, operational parameters, and energy consumption patterns.
Automation and IoT integration are fostering a paradigm shift in oil and gas operations, enabling remote monitoring and control of electric motors across distributed facilities and remote locations. This remote accessibility enhances operational flexibility and responsiveness, allowing operators to promptly address issues and optimize performance regardless of geographical constraints.
Restraints
- Workforce shortage
- Reliability concerns
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Regulatory uncertainties - Fluctuating regulations regarding emissions standards, safety protocols, and energy efficiency requirements create an environment of ambiguity for manufacturers and operators alike. This uncertainty can hinder long-term planning and investment decisions, as companies may hesitate to commit to specific technologies or upgrades without clarity on regulatory compliance.
Varying regulations across different regions or countries further complicate matters, requiring businesses to navigate a complex landscape of compliance requirements. To mitigate the impact of regulatory uncertainties, industry stakeholders must engage proactively with policymakers and regulatory bodies to advocate for clear, consistent, and stable regulations.
Opportunities
- Digitalization growth
- Offshore expansion
- Innovative designs
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Integrated solutions - Integrated solutions entail the amalgamation of electric motors with complementary industrial equipment and technologies, fostering seamless operations within oil and gas facilities. By integrating electric motors with advanced control systems, sensors, and monitoring devices, companies can optimize performance, enhance reliability, and mitigate downtime.
This integration facilitates real-time data collection and analysis, empowering operators to make informed decisions and preempt potential issues, thereby bolstering overall operational efficiency and productivity. Integrated solutions offer a pathway towards achieving greater energy efficiency and sustainability objectives within the oil and gas sector.
Competitive Landscape Analysis
Key players in Global AC Electric Motor Sales in Oil & Gas Market include
- Benchmarking
- Siemens
- GE
- ABB
- Toshiba Corp
- Wolong Electric Group Co. Ltd
- Yaskawa Electric Corp
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Output Power
- Market Snapshot,By Outlook Type
- Market Snapshot, By Region
- Global AC Electric Motor Sales in Oil & Gas Market
- Drivers, Restraints and Opportunities
- Drivers
- Emission regulations
- Technological advances
- Global infrastructure expansion
- Automation and IoT integration
- Restraints
- Workforce shortage
- Reliability concerns
- Regulatory uncertainties
- Opportunities
- Digitalization growth
- Offshore expansion
- Innovative designs
- Integrated solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global AC Electric Motor Sales in Oil & Gas Market, By Type, 2021 - 2031 (USD Million)
- Induction Motor
- Synchronous Motor
- Global AC Electric Motor Sales in Oil & Gas Market, By Output Power (kW), 2021 - 2031 (USD Million)
- 0.12–7.5 kW
- 7.5–110 kW
- 110–1, 000 k
- Greater than 1 and 000 kW
- Global AC Electric Motor Sales in Oil & Gas Market, By Outlook Type, 2021 - 2031 (USD Million)
- Induction Motor
- Synchronous Motor.
- Global AC Electric Motor Sales in Oil & Gas Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global AC Electric Motor Sales in Oil & Gas Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Benchmarking
- Siemens
- GE
- ABB
- Toshiba Corp
- Wolong Electric Group Co. Ltd
- Yaskawa Electric Corp
- Company Profiles
- Analyst Views
- Future Outlook of the Market