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U.S. Oil & Gas Electrification Market Share

Report ID: GMI5731
Published Date: May 2023
Report Format: PDF

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U.S. Oil & Gas Electrification Market Share

Key players operating in the U.S. oil & gas electrification market include :

ABB
NEXANS
Equinor ASA
Siemens
General Electric
Aker Solutions
Prysmian Group
Southwire Company, LLC
LS Cable & System USA
ZTT
Shell
BP Plc
Exxon Mobil Corporation
TotalEnergies
Chevron Corporation

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of oil & gas electrification in the U.S. surpassed USD 93 million in 2022 and will record over 5.1% CAGR from 2023 to 2032.

The solar technology segment size is set to surpass USD 7 million by 2032, due to the growing demand to reduce carbon emissions in line with the introduction of government initiatives to support electrified networks across refineries and onshore fields.

The offshore platform application size was over USD 35 million in 2022 and will expand further with increasing emphasis on sustainable energy generation solutions and government initiatives to replace conventional fuel sources.

ABB, NEXANS, Equinor ASA, Siemens, General Electric, Aker Solutions, Prysmian Group, Southwire Company, LLC, LS Cable & System USA, ZTT, Shell, BP Plc, Exxon Mobil Corporation, TotalEnergies, and Chevron Corporation.