Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Friday, March 29, 2024 · 699,601,137 Articles · 3+ Million Readers

Global Artificial Lift Systems Market Outlook 2017-2026

Dublin, Jan. 22, 2019 (GLOBE NEWSWIRE) -- The "Artificial Lift Systems - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Global Artificial Lift Systems market accounted for $18337.42 million in 2017 and is expected to reach $54040.47 million by 2026 growing at a CAGR of 12.7%.

Factors such as increasing oil & shale gas production, growing usage of automation and remote technology and rising number of mature fields are boosting the market growth. In addition, increase in subsea drilling activities and growing levels of exploration activities will provide ample opportunities for the market growth. However, high cost of investment and strict government policies are hindering the growth of the market.

Artificial lifting are the technologies used to produce fluids from wells already dead or to increase the production rate from flowing wells. These fall into several categories depending on the operating principle, design and energy source. Artificial lift is needed in wells when there is insufficient pressure in the reservoir to lift the produced fluids to the surface, but often used in naturally flowing wells.

By Type, electrical submersible pump (ESP) segment registered considerable share during forecast period. The growth is due to huge demand from agriculture and wastewater treatment industries. The pump is extensively used to lift huge volumes of oil in both offshore and onshore wells. North America is the leading market for artificial lift systems followed by Europe and it is expected to continue its growth during the forecast period, due to rapidly growing production of components such as pumps, motors, controllers, and sucker rods in the region.

What our report offers:

  • Market share assessments for the regional and country level segments
  • Market share analysis of the top industry players
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Artificial Lift Systems Market, By Actuation mode
5.1 Introduction
5.2 Gas assisted artificial lift system
5.2.1 Plunger Lift
5.2.2 Gas Lift
5.3 Pump assisted artificial lift system

5.3.1 Hydraulic Piston System
5.3.2 Progressive Cavity Pump
5.3.3 Rod Pump
5.3.4 Electrical Submersible Pump (ESP)

6 Global Artificial Lift Systems Market, By Component
6.1 Introduction
6.2 Pump
6.3 Motor
6.4 Cable System
6.5 Gas Lift Mandrel
6.6 Control System
6.7 Gas Lift Valves
6.8 Drivehead
6.9 Pump Jack
6.10 Sucker Rods
6.11 Separators
6.12 Controller
6.13 Other Components

7 Global Artificial Lift Systems Market, By Mechansim
7.1 Introduction
7.2 Gas Assisted
7.3 Positive Displacement
7.4 Dynamic Displacement

8 Global Artificial Lift Systems Market, By Application
8.1 Introduction
8.2 Offshore
8.3 Onshore

9 Global Artificial Lift Systems Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Compass Oil and Gas Solutions ltd.
11.2 Flotek Industries, Inc.
11.3 Halliburton Company
11.4 National Oilwell Varco, Inc.
11.5 Superior Energy Services, Inc.
11.6 Borets International Limited
11.7 Baker Hughes Incorporated
11.8 Weatherford International Ltd.
11.9 Torqueflow Sydex Ltd
11.10 Novomet
11.11 General Electric Company
11.12 Dover Corporation
11.13 Schlumberger Limited
11.14 Kudu Industries Inc.
11.15 Cameron International Corporation
11.16 Dover Corporation
11.17 J&J Technical Services, LLC

For more information about this report visit https://www.researchandmarkets.com/research/mfhn4w/global_artificial?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

                    CONTACT: ResearchAndMarkets.com
                             Laura Wood, Senior Press Manager
                             press@researchandmarkets.com
                             For E.S.T Office Hours Call 1-917-300-0470
                             For U.S./CAN Toll Free Call 1-800-526-8630
                             For GMT Office Hours Call +353-1-416-8900
                    Related Topics: Oilfield Equipment and Services
                    

22157.jpg

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release