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Oil & Gas Pumps Market worth $10.36 billion by 2023

Oil & Gas Pumps Market worth $10.36 billion by 2023

The report "Oil & Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2023", The global pumps market in oil & gas industry is projected to reach USD 10.36 billion by 2023 from an estimated USD 8.47 billion in 2018, at a CAGR of 4.12%. This growth can be attributed to the increasing unconventional resources in the North American, South American, and Asia Pacific regions and development of gas terminals.

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AC Electric Motor Sales in Oil & Gas Market to exceed $13.2 Billion by 2023

AC Electric Motor Sales in Oil & Gas Market to exceed $13.2 Billion by 2023

The AC Electric motor sales in oil & gas industry market is projected to reach USD 13.2 Billion by 2023. The AC Electric Motor Sales in Oil & Gas market is expected to grow from an estimated USD 10.5 billion in 2018 to USD 13.2 billion by 2023, at a CAGR of 4.62%. Increasing use of ROVs and AUVs and new discoveries of oil & gas reserves are likely to drive the AC Electric Motor market. Browse 87 market data Tables and 38 Figures spread through 158 Pages and in-depth TOC on "AC Electric Motor Sales in Oil & Gas" View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/ac-electric-motor-sale-oil-gas-market-171501518.html

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