COVID-19 Impact on AC Electric Motor Sales in Oil and Gas Market 2021-2025 | 1.37% YOY Growth in 2021 | Technavio - PRNewswire

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The increase in oil and gas demand is one of the major factors propelling the market growth. However, fluctuations in global crude oil prices might hamper the market growth.

AC Electric Motor Sales In Oil And Gas Market: Type Landscape
Based on the segmentation by type, the market saw maximum growth in the induction motor segment. The growth of the segment can be attributed to the increased use of induction motors in applications such as oil and gas exploration tools, tractor tools, rotary steering systems, formation testing tools, actuators, completion tools, hydraulic pumps, and others. The market growth in the segment will be significant during the forecast period.

AC Electric Motor Sales In Oil And Gas Market: Geographic Landscape
By geography, APAC is going to have lucrative growth during the forecast period. About 33% of the market's overall growth is expected to originate from APAC. The growth of the market in APAC is driven by the increase in E&P activities of unconventional reserves and the rising demand for energy. China is the key market for AC electric motor sales in oil and gas market in APAC.

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Companies Covered:

ABB Ltd.
FLANDERS Inc.
General Electric Co.
Hitachi Ltd.
Nidec Corp.
Regal Beloit Corp.
Schlumberger Ltd.
Siemens AG
Toshiba Mitsubishi-Electric Industrial Systems Corp.
WEG Equipamentos Eletricos SA

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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What our reports offer:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2020, 2021, until 2025
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Key Topics Covered:

Executive Summary

Market Landscape

Market ecosystem
Market characteristics
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Type

Market segments
Comparison by Type
Induction motor - Market size and forecast 2020-2025
Synchronous motor - Market size and forecast 2020-2025
Market opportunity by Type

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Vendor landscape
Landscape disruption
Competitive scenario

Vendor Analysis

Vendors covered
Market positioning of vendors
ABB Ltd.
FLANDERS Inc.
General Electric Co.
Hitachi Ltd.
Nidec Corp.
Regal Beloit Corp.
Schlumberger Ltd.
Siemens AG
Toshiba Mitsubishi-Electric Industrial Systems Corp.
WEG Equipamentos Eletricos SA

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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