North America Oil and Gas Industry: Rising Demand for AC Electric Motors
Continued development of the North American oil and gas infrastructure is generating opportunities for advanced electric motor technologies. The US oil and gas industry is investing in production expansion, refinery upgrades, pipeline infrastructure, LNG facilities, and automated processing systems to improve operational efficiency and asset reliability. These investments are driving the deployment of dependable motors across pumping, compression, cooling, ventilation, and other essential industrial applications. The global AC Electric Motor Sales in Oil and Gas Market Size was valued at US$15.63 billion in 2025 and is expected to reach US$22.37 billion by 2034, registering a CAGR of 4.06% during 2026–2034. The addressable market is estimated at US$172.55 billion during 2026–2034. Within North America, the US represents an important demand center as oil and gas companies modernize production assets, expand processing capacity, and adopt technologies designed to improve equipment eff...