An AC electric motor is an motor driven by an alternating current (AC). The AC motor commonly consists of two basic parts, an outside stator having coils supplied with alternating current to produce a rotating magnetic field, and an inside rotor attached to the output shaft producing a second rotating magnetic field. The rotor magnetic field may be produced by permanent magnets, reluctance saliency, or DC or AC electrical windings.
Asia Pacific is estimated to be the largest ac electric motor market from 2018 to 2023. Increasing rapid industrial development, especially in the oil & gas industry are some of the key factors responsible for the growth of the AC electric motor market.

Market Analysis and Insights: Global Oil & Gas AC Electric Motors Market
The global Oil & Gas AC Electric Motors market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.
This report focuses on Oil & Gas AC Electric Motors volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Oil & Gas AC Electric Motors market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.

Global Oil & Gas AC Electric Motors Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Induction Electric Motors
Synchronous Electric Motors

Segment by Application
Onshore
Offshore

Global Oil & Gas AC Electric Motors Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Oil & Gas AC Electric Motors market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Global Oil & Gas AC Electric Motors Market:

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Siemens, GE, ABB, WEG, Yaskawa, RockWell, Allied Motion, Nidec, Regal Beloit, Johnson Electric, Hitachi, ARC System, Schneider Electric, Toshiba, TMEIC, ATB, Hoyer, etc.