Home / Oil and Gas / Global Artificial Lift Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 To 2025

Global Artificial Lift Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 To 2025

Published: Dec 2017 | Published By: Acute Market Research

Artificial Lift System Market- Growth, Future Prospects, Competitive Analysis, and Forecast 2017 - 2025, the Global Artificial Lift System Market is expected to reach US$ 29.1 Bn by 2025, expanding at a CAGR of 4.7% during the forecast period 2017 to 2025.

Market Insights

Artificial lift system in oil & gas industry refers to use of artificial means to increase to flow of the crude oil from the well. Artificial lift system is a kind of enhanced oil recovery technique widely used to improve the well productivity especially for matured reserves as well as reserves with high viscosity crude oil. Artificial lift system is low cost conventional enhanced oil recovery technique used to improve production from oil well. It is done through various methods such as increasing extraction rate using submersible pumps which is the most popular artificial lifting method. Other methods such as rod lift, gas lift and progressive cavity pumps are expected to gain traction over the forecast period.

Artificial lift system market is expected to gain impulse with growing demand for fossil fuel coupled with increasing number of mature reserves across the globe expected to drive the demand of artificial lift system. Further, volatile oil prices influencing oil companies to reduce their per barrel cost of oil production. Thus, demand for enhanced oil techniques such as artificial lift system is expected to increase during the forecast period. Moreover, growing number of matured reserves and increasing exploration of non-conventional reserves are expected to fuel the demand for artificial lift system over the forecast period (2016-2023). However, high initial installation cost and lack of skilled labour for artificial lifting are expected to hamper the growth of artificial lift system market during the forecast period (2016-2023).

Competitive Insights:

Global artificial lift system market is segmented on the basis of type and geography. By type, electrical submersible pumps segment is projected to be the most dominant segment with due to high adoption of submersible pumps in artificial lifting of hydrocarbons from the oil well. Followed by it, rod lift is expected to be the fastest growing segment due to increasing adoption of the method as it is cost effective and considered as most of efficient method to extract hydrocarbons. The segment is anticipated to gain significant market share by 2023.

Leading players in the market such as Weatherford, Schlumberger Limited and Baker Hughes Incorporated collectively accounts for over 50% of the revenue share in global artificial lifting market. Key players are focusing on increasing their market penetration through mergers and acquisitions of small players. Further, artificial lifting market is expected to witness development of new products as leading players in the artificial lifting market are investing significant amount in research and development to develop for efficient methods to increase the extraction rate of hydrocarbons.
Overall, global Artificial Lift System Market is projected to register significant growth over the forecast period (2016-2023).

Key Trends:

• Merger & Acquisition
• Investment in research and development
• New techniques development

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Artificial Lift System Market Snapshot
2.1.1. Global Artificial Lift System Market by Type, 2015
2.1.2. Global Artificial Lift System Market by Geography, 2015
2.1.3. Market Drivers, Challenges and Trends

3. Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry
3.8. Key Players Market Share Analysis

4. Global Artificial Lift System Market Size , By Type, 2015 - 2025
4.1. Overview
4.1.1. Market Share Analysis by Type, 2015 - 2025
4.1.2. Attractive Investment Proportion by Type
4.2. Electrical Submersible Pumps
4.3. Rod Lift
4.4. Progressive Cavity Pumps
4.5. Gas Lift
4.6. Others

5. Global Fire Protection System Size Market for Oil & Gas Industry, By Geography, 2015 - 2025
5.1. Overview
5.1.1. Market Share Analysis by Geography, 2015 vs. 2023
5.1.2. Attractive Investment Proportion by Geography
5.2. North America Artificial Lift System Market Analysis, 2015 - 2025
5.2.1. North America Artificial Lift System Market Size , By Country, 2015 - 2025
5.2.1.1. U.S.
5.2.1.2. Canada
5.2.2. North America Artificial Lift System Market Size, By Type, 2015 - 2025
5.2.2.1. Electrical Submersible Pumps
5.2.2.2. Rod Lift
5.2.2.3. Progressive Cavity Pumps
5.2.2.4. Gas Lift
5.2.2.5. Others
5.3. Europe Artificial Lift System Market Analysis, 2015 - 2025
5.3.1. Europe Artificial Lift System Market Size, By Country, 2015 - 2025
5.3.1.1. Russia
5.3.1.2. U.K
5.3.1.3. Rest of Europe
5.3.2. Europe Artificial Lift System Market Size, By Type, 2015 - 2025
5.3.2.1. Electrical Submersible Pumps
5.3.2.2. Rod Lift
5.3.2.3. Progressive Cavity Pumps
5.3.2.4. Gas Lift
5.3.2.5. Others
5.4. Asia Pacific Artificial Lift System Market Analysis, 2015 - 2025
5.4.1. Asia Pacific Artificial Lift System Market Size, By Country, 2015 - 2025
5.4.1.1. China
5.4.1.2. India
5.4.1.3. Rest of Asia Pacific
5.4.2. Asia Pacific Artificial Lift System Market Size, By Type, 2015 - 2025
5.4.2.1. Electrical Submersible Pumps
5.4.2.2. Rod Lift
5.4.2.3. Progressive Cavity Pumps
5.4.2.4. Gas Lift
5.4.2.5. Others
5.5. Latin America Artificial Lift System Market Analysis, 2015 - 2025
5.5.1. Latin America Artificial Lift System Market Size, By Country, 2015 - 2025
5.5.1.1. Brazil
5.5.1.2. Mexico
5.5.1.3. Rest of Latin America
5.5.2. Latin America Artificial Lift System Market Size, By Type, 2015 - 2025
5.5.2.1. Electrical Submersible Pumps
5.5.2.2. Rod Lift
5.5.2.3. Progressive Cavity Pumps
5.5.2.4. Gas Lift
5.5.2.5. Others
5.6. Middle East & Africa (MEA) Artificial Lift System Market Analysis, 2015 - 2025
5.6.1. MEA Artificial Lift System Market Size, By Country, 2015 - 2025
5.6.1.1. GCC
5.6.1.2. Rest of MEA
5.6.2. MEA Artificial Lift System Market Size, By Type, 2015 - 2025
5.6.2.1. Electrical Submersible Pumps
5.6.2.2. Rod Lift
5.6.2.3. Progressive Cavity Pumps
5.6.2.4. Gas Lift
5.6.2.5. Others

6. Company Profiles
6.1. Competitive Dashboard
6.2. Key Players
6.2.1. Baker Hughes Incorporated
6.2.1.1. Business Description
6.2.1.2. Financial Information
6.2.1.3. Product Positions/Portfolio
6.2.1.4. Key Developments
6.2.2. Borets
6.2.3. Dover Corporation
6.2.4. General Electric.
6.2.5. Halliburton Company
6.2.6. Schlumberger Limited
6.2.7. Weatherford International plc
6.2.8. Kudu Industries Llc
6.2.9. National Oilwell Varco Inc.
6.2.10. Norris Production Solutions
6.2.11. Tenaris S.A.

Table 1: Global Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 2: Global Artificial Lift System Market Revenue (US$ Bn) Forecast, by Geography, 2015 - 2025
Table 3: North America Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table 4: North America Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 7: Europe Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table 8: Europe Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 9: Asia Pacific Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table10: Asia Pacific Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 11: Latin America Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table 12: Latin America Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 13: Middle East & Africa Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table 14: Middle East & Africa Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 15: Baker Hughes Incorporated: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage))
Table 16: Borets: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 17: Dover Corporation.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 18: General Electric: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 19: Halliburton Company: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 20: Schlumberger Limited.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 21: Weatherford International plc Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 22: Kudu Industries Llc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 23: National Oilwell Varco Inc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 24: Norris Production Solutions: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 25: Tenaris S.A.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)

Figure 1: Global Artificial Lift System Market Revenue (US$ Bn) Forecast, 2015 - 2025
Figure 2: Global Artificial Lift System Market YOY Growth Comparison, 2015 - 2025
Figure 3: Global Artificial Lift System Market Share (%) Analysis Forecast, by Type, 2015 - 2025
Figure 4 : Global Artificial Lift System Market Investment Proportion by Type, 2015 - 2025
Figure 5: Global Artificial Lift System Market YOY(%) Comparison by Geography, 2015 - 2025
Figure 6: Global Artificial Lift System Market Share (%) Analysis, by Geography, 2015 - 2025
Figure 7: Global Artificial Lift System Market Investment Proportion by Geography, 2015 - 2025
Figure 8: North America Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2015 - 2025
Figure 9: North America Artificial Lift System Market Share Analysis by Country, 2015 - 2025
Figure 10: North America Artificial Lift System Market Investment Proportion by Country
Figure 11: Europe Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2015 - 2025
Figure 12: Europe Artificial Lift System Market Share Analysis by Country, 2015 - 2025
Figure 13: Europe Artificial Lift System Market Investment Proportion by Country, 2015 - 2025
Figure 14: Asia Pacific Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2015 - 2025
Figure 15: Asia Pacific Artificial Lift System Market Share Analysis by Country, 2015 - 2025
Figure 16: Asia Pacific Artificial Lift System Market Investment Proportion by Country, 2015 - 2025
Figure 17: Latin America Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2015 - 2025
Figure 18: Latin America Artificial Lift System Market Share Analysis by Country, 2015 - 2025
Figure 19: Latin America Artificial Lift System Market Investment Proportion by Country, 2015 - 2025
Figure 20: Middle East & Africa (MEA) Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2015 - 2025
Figure 21: Middle East & Africa Artificial Lift System Market Share Analysis by Country, 2015 - 2025
Figure 22: Middle East & Africa Artificial Lift System Market Investment Proportion by Country, 2015 - 2025

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