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COVID-19 Impact on AC Electric Motor Sales in Oil and Gas Market 2021-2025 | 1 37% YOY Growth in 2021 | Technavio

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.

Global AC Electric Motor Sales In Oil and Gas Market to Accelerate at a CAGR of over 5% | Research Report by Technavio

Global AC Electric Motor Sales In Oil and Gas Market to Accelerate at a CAGR of over 5% | Research Report by Technavio
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Technavio Research: Global AC Electric Motor Sales In Oil and Gas Market to Accelerate at a CAGR of over 5%

Technavio Research: Global AC Electric Motor Sales In Oil and Gas Market to Accelerate at a CAGR of over 5% | Research Report by Technavio This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201230005172/en/ Technavio has announced its latest market research report titled Global AC Electric Motor Sales in Oil and Gas Market 2020-2024 (Graphic: Business Wire) Worried about the impact of COVID-19 on your business? Here is an exclusive report talking about Market scenarios, Estimates, The impact of lockdown, and Customer behavior. Get FREE Sample Report in Minutes! The report on the AC electric motor sales in the oil and gas market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

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