The global AC electric motor in oil and gas market was valued at USD 13.89 Billion in 2024 and is projected to reach USD 21.94 Billion by 2033 at a CAGR of around 5.21% between 2024 and 2033. The global AC electric motor market in the oil and gas industry is experiencing significant growth due to increasing demand for energy efficiency, automation, and operational reliability. AC electric motors are widely used in upstream, midstream, and downstream operations, powering critical equipment such as pumps, compressors, drilling rigs, and conveyor systems. With the global push towards sustainability and carbon reduction, oil and gas companies are investing in high-efficiency motors, such as those meeting IE3 and IE4 standards, to reduce energy consumption and operational costs. The rising adoption of variable frequency drives (VFDs) further enhances motor efficiency by allowing precise speed control, reducing wear and tear, and optimizing power usage. The shift toward liquefied natural gas (LNG) projects and deepwater exploration is also boosting demand for specialized AC motors that can withstand extreme conditions.
For instance, ExxonMobil and Shell have integrated high-efficiency AC motors in their offshore platforms to enhance production reliability. Similarly, in pipeline transportation, companies like TransCanada use AC electric motors to drive large-scale centrifugal pumps, ensuring smooth oil flow over long distances. In refining, Saudi Aramco utilizes advanced induction motors for large compressors, improving process efficiency and reducing downtime. The increasing application of electric submersible pumps (ESPs) in mature oil fields to enhance recovery rates has further contributed to market growth, with companies like Schlumberger and Baker Hughes developing motor-driven ESP systems for deep and high-pressure wells. Additionally, digitalization and Industry 4.0 trends are influencing motor technology, with smart motors featuring IoT-enabled predictive maintenance gaining traction. As geopolitical factors and fluctuating oil prices impact the industry, companies are focusing on cost-effective and energy-efficient solutions, making AC electric motors an indispensable component in modern oil and gas operations, driving continuous market expansion.

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The global AC electric motor market in the oil and gas industry is segmented by type, voltage, and output power, catering to various operational needs across exploration, production, refining, and transportation. Induction motors, known for their robustness and cost-effectiveness, dominate the market, particularly in pump and compressor applications, while synchronous motors are preferred for high-efficiency and precise-speed control in large-scale industrial operations. For instance, BP and Chevron utilize high-power synchronous motors in offshore platforms to drive massive gas compressors, ensuring steady production rates. In terms of voltage, motors operating at less than 1 kV are commonly used in auxiliary applications like ventilation fans and smaller pumps, whereas 1 kV to 6.6 kV motors power mid-sized compressors and conveyor belts, essential for refinery and pipeline operations. Motors above 6.6 kV are widely used in heavy-duty applications such as LNG plants and offshore drilling rigs, where high power output and durability are critical. Regarding output power, 0.12 to 7.5 kW motors are mainly used in small-scale operations such as automated valve controls in refineries, while 7.5 to 110 kW motors drive mid-sized pumps and fans in processing plants. Motors in the 110 to 1000 kW range are integral to major upstream and midstream operations, including large centrifugal pumps used by ExxonMobil in pipeline infrastructure.
More than 1000 kW motors are employed in the most demanding applications, such as LNG liquefaction plants and large gas compressors used by companies like QatarEnergy and Shell, ensuring uninterrupted supply and transportation of natural gas. With increasing automation and digitalization, smart motor solutions featuring IoT-based predictive maintenance are gaining traction, optimizing performance and reducing downtime. The integration of high-efficiency AC electric motors is thus driving energy savings and operational advancements across the oil and gas industry. The Global AC Electric Motor in Oil and Gas Market report is segmented as follows:
By Type,
• Induction
• Synchronous
By Voltage,
• Less than 1 kV
• 1 kV to 6.6 kV
• More than 6.6 kV
By Output Power,
• 0.12 to 7.5 kW
• 7.5 to 110 kW
• 110 to 1000 kW
• More than 1000 kW

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The global AC electric motor market in the oil and gas industry exhibits regional variations driven by energy policies, industrial advancements, and oil production capacities. North America, particularly the U.S., leads the market due to its strong presence in shale oil and gas production, with companies like ExxonMobil and Chevron investing in high-efficiency motors for drilling and pipeline operations. Canada follows closely, utilizing AC motors in its extensive oil sands projects, while Mexico is expanding its refining sector, increasing demand for medium-voltage motors. In Europe, Russia dominates the market with its vast oil and gas reserves, using high-power synchronous motors in Arctic drilling operations. The UK, Germany, and France focus on offshore wind and LNG infrastructure, integrating advanced motor-driven compressors for gas transportation, while Italy and Spain emphasize refinery modernization. In Asia-Pacific, China and India are major players, with China investing in electric motor-driven LNG terminals and India ramping up offshore exploration using high-capacity motors. Japan and South Korea rely on AC motors for petrochemical processing, while Australia integrates smart motor technologies in its expanding LNG sector.
Southeast Asia, led by Indonesia and Malaysia, is boosting oil and gas exploration, increasing demand for explosion-proof AC motors. Latin America, driven by Brazil and Argentina, sees rising motor demand for deepwater projects and refinery expansions, with Petrobras deploying high-efficiency motors in offshore fields. The Middle East & Africa remains a key market, with Saudi Arabia and the UAE investing in advanced motor solutions for refinery upgrades and gas compression, while South Africa focuses on LNG imports. Growing automation and digitalization trends across these regions are accelerating the adoption of energy-efficient AC motors, enhancing reliability and optimizing oil and gas operations worldwide. Regions and Countries analyzed in this market are as follows:
North America (U.S., Canada, and Mexico)
Europe (UK, Germany, France, Spain, Italy, Russia, and Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Argentina, and Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

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The global AC electric motor market in the oil and gas industry is characterized by intense competition among key players, each striving to enhance their market position through innovation, strategic expansions, and technological advancements. Companies such as Siemens, General Electric, ABB, WEG, Hitachi, and Nidec Corporation have established themselves as industry leaders, offering a diverse range of high-efficiency motors tailored to various oil and gas applications. In recent developments post-2023, WEG expanded its operations into Eastern Europe and Southwest Asia by inaugurating a new facility in Dilovas, Turkey, in August 2023. This 7,000 square meter facility aims to provide technical support and assemble products, ensuring a shorter time to market for local and surrounding regions. Similarly, in May 2023, Hitachi Ltd. restructured its domestic power grid business, integrating it with Hitachi Energy to bolster support for Japan's carbon-neutral initiatives and enhance the resilience of its electricity network.
These strategic moves reflect a broader trend among major players to invest in research and development, focusing on innovative technologies and continuous improvements in electric motor efficiency and performance. The competitive landscape is further intensified by companies like Regal Beloit, Johnson Electric, Yaskawa, RockWell, Allied Motion, ARC System, and Schneider Electric, all contributing to a dynamic market environment. The increasing demand for energy-efficient solutions, driven by rising energy costs and stringent environmental regulations, has prompted these companies to develop motors that offer superior performance while reducing operational expenses. Additionally, the integration of digitalization and smart oilfield technologies has expanded opportunities for smart AC motors, enabling remote monitoring and predictive maintenance, thereby enhancing operational efficiency and reliability in oil and gas operations. As the industry continues to evolve, these companies are expected to play pivotal roles in shaping the future of AC electric motors in the oil and gas sector.

Chapter 1 AC Electric Motor in Oil and Gas Market Executive Summary
Chapter 2 Research Methodology
Chapter 3 Market Dynamics
Chapter 4 Supply Chain Analysis and Marketing Channels
Chapter 5 COVID-19 & Russia–Ukraine War Impact Analysis
Chapter 6 AC Electric Motor in Oil and Gas Market Estimate and Forecast by Region
Chapter 7 Global AC Electric Motor in Oil and Gas Competition Landscape by Players
Chapter 8 Global AC Electric Motor in Oil and Gas Market, by Type
Chapter 9 Global AC Electric Motor in Oil and Gas Market, by Voltage
Chapter 10 Global AC Electric Motor in Oil and Gas Market, by Output Power
Chapter 11 North America AC Electric Motor in Oil and Gas Market
Chapter 12 Europe AC Electric Motor in Oil and Gas Market
Chapter 13 Asia Pacific AC Electric Motor in Oil and Gas Market
Chapter 14 Latin America AC Electric Motor in Oil and Gas Market
Chapter 15 Middle East & Africa AC Electric Motor in Oil and Gas Market
Chapter 16 Company Profiles and Market Share Analysis: (Business Overview, Market Share Analysis, Products/Services Offered, Recent Developments)


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