AC Electric Motor Sales in Oil & Gas Market Growth, Trends, and...

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2026-07-07 06:11:05 -

AC Electric Motor Sales in Oil & Gas Market Growth, Trends, and Global Forecast

Market Overview The AC electric motor sales in oil and gas market was valued at US$13.2 billion in 2024 and is projected to grow at a CAGR of 4.7% to reach US$20.0 billion by 2031. AC electric motor sales in oil and gas market trends indicate a strong shift toward energy-efficient and automated operations across upstream, midstream, and downstream activities. As operators modernize...

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