Artificial Lift Market
- Published Date: Aug-2021 |
- 180 Pages |
- Report ID: EP0709
Artificial Lift Market
The Artificial Lift market is expected to grow from USD XXX million in 2019 to USD 11,524.74 million by 2025 at a CAGR of 5.18% from 2019 to 2025.
Artificial lift is used in oil wells to increase the pressure at intervals the reservoir to bring the oil to the surface. It is used once the natural drive energy of the reservoir is not strong enough to push the oil to the surface. Recent trend discovered Increase within the assembly from unconventional oil and gas reserves. Conventional oil and gas resources are depleting at a fast pace, leading to the shift of focus toward unconventional energy sources. While, variety of Enhanced Oil Recovery techniques are available for increasing the quantity of hydrocarbon recovery, but they are measured as tertiary recovery system. The synthetic lift system on the opposite hand may be a primary recovery technique, which provides low cost and effective means of maintaining the detailed production rate during a well. a man-made lift system is employed to beat bottom-hole pressure during the phase when natural bottom hole pressure is not enough to support the flow of hydrocarbons from reservoir to the well bore.
The global Artificial Lift market is segregated on the basis of Application as Offshore and Onshore. Based on Well Type the global Artificial Lift market is segmented in Vertical and Horizontal. Based on Mechanism the global Artificial Lift market is segmented in Gas Assisted and Pump Assisted.
Based on Type, the global Artificial Lift market is segmented in Progressive Cavity Pump, Others, Rod Lift, Eletrical Submersible Pump, and Gas Lift. The report also bifurcates the global Artificial Lift market based on Deployment Mode in On-Premises and Cloud.
The global Artificial Lift market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Artificial Lift market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), NOV (US), Borets International (Russia), Oilserv (UAE), JJ Tech (US), Apergy (US), DistributionNow (US), and others are among the major players in the global Artificial Lift market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Artificial Lift market has been segmented as below:
Artificial Lift Market, By Application
- Offshore
- Onshore
Artificial Lift Market, By Well Type
- Vertical
- Horizontal
Artificial Lift Market, By Mechanism
- Gas Assisted
- Pump Assisted
Artificial Lift Market, By Type
- Progressive Cavity Pump
- Others
- Rod Lift
- Eletrical Submersible Pump
- Gas Lift
Artificial Lift Market, By Deployment Mode
- On-Premises
- Cloud
Artificial Lift Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Artificial Lift Market, By Company
- Halliburton (US)
- Schlumberger (US)
- Baker Hughes Company (US)
- Weatherford (Switzerland)
- NOV (US)
- Borets International (Russia)
- Oilserv (UAE)
- JJ Tech (US)
- Apergy (US)
- DistributionNow (US)
- Novomet (Russia)
- AccessESP (US)
The report covers the below scope:
- Global Artificial Lift market sizes from 2015 to 2024, along with CAGR for 2018-2024
- Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
- Global Artificial Lift market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Artificial Lift market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
The years considered for the study are as follows:
- Base year - 2018
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2025
Report Scope:
The global Artificial Lift market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Artificial Lift market share. Major industry players with significant revenue share include Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), NOV (US), Borets International (Russia), Oilserv (UAE), JJ Tech (US), Apergy (US), DistributionNow (US), and others.
Why to Buy this Report:
- Gain detailed insights on the Artificial Lift industry trends
- Find complete analysis on the market status
- Identify the Artificial Lift market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Target Audience:
The report targeted towards the existing players in the industry is as follows:
- Market Manufacturers/Service Providers
- Market Wholesale/Traders
- Investment and Financial Institutions
Free and Paid Customization based on the requirement
Report Content
- Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
- Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
- Executive Summary
- Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter''s Five Force Analysis
- Artificial Lift Market, By Application
5.1 Introduction
5.2 Offshore
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Onshore
5.3.1 Market Overview
5.3.2 Market Size and Forecast
- Artificial Lift Market, By Well Type
6.1 Introduction
6.2 Vertical
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Horizontal
6.3.1 Market Overview
6.3.2 Market Size and Forecast
- Artificial Lift Market, By Mechanism
7.1 Introduction
7.2 Gas Assisted
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Pump Assisted
7.3.1 Market Overview
7.3.2 Market Size and Forecast
- Artificial Lift Market, By Type
8.1 Introduction
8.2 Progressive Cavity Pump
8.2.1 Market Overview
8.2.2 Market Size and Forecast
8.3 Others
8.3.1 Market Overview
8.3.2 Market Size and Forecast
8.4 Rod Lift
8.4.1 Market Overview
8.4.2 Market Size and Forecast
8.5 Eletrical Submersible Pump
8.5.1 Market Overview
8.5.2 Market Size and Forecast
8.6 Gas Lift
8.6.1 Market Overview
8.6.2 Market Size and Forecast
- Artificial Lift Market, By Deployment Mode
9.1 Introduction
9.2 On-Premises
9.2.1 Market Overview
9.2.2 Market Size and Forecast
9.3 Cloud
9.3.1 Market Overview
9.3.2 Market Size and Forecast
- Artificial Lift Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 North America Artificial Lift, By Application
10.2.2 North America Artificial Lift, By Well Type
10.2.3 North America Artificial Lift, By Mechanism
10.2.4 North America Artificial Lift, By Type
10.2.5 North America Artificial Lift, By Deployment Mode
10.3 Europe
10.3.1 Europe Artificial Lift, By Application
10.3.2 Europe Artificial Lift, By Well Type
10.3.3 Europe Artificial Lift, By Mechanism
10.3.4 Europe Artificial Lift, By Type
10.3.5 Europe Artificial Lift, By Deployment Mode
10.4 Asia-Pacific
10.4.1 Asia-Pacific Artificial Lift, By Application
10.4.2 Asia-Pacific Artificial Lift, By Well Type
10.4.3 Asia-Pacific Artificial Lift, By Mechanism
10.4.4 Asia-Pacific Artificial Lift, By Type
10.4.5 Asia-Pacific Artificial Lift, By Deployment Mode
10.5 Rest of the World
10.5.1 Rest of the World Artificial Lift, By Application
10.5.2 Rest of the World Artificial Lift, By Well Type
10.5.3 Rest of the World Artificial Lift, By Mechanism
10.5.4 Rest of the World Artificial Lift, By Type
10.5.5 Rest of the World Artificial Lift, By Deployment Mode
- Competitive Insights
11.1 Key Insights
11.2 Company Market Share Analysis
11.3 Strategic Outlook
11.3.1 Mergers & Acquisitions
11.3.2 New Product Development
11.3.3 Portfolio/Production Capacity Expansions
11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
11.3.5 Others
- Company Profiles
- Halliburton (US)
- Schlumberger (US)
- Baker Hughes Company (US)
- Weatherford (Switzerland)
- NOV (US)
- Borets International (Russia)
- Oilserv (UAE)
- JJ Tech (US)
- Apergy (US)
- DistributionNow (US)
- Novomet (Russia)
- AccessESP (US)
The global Artificial Lift market has been segmented as below:
Artificial Lift Market, By Application
- Offshore
- Onshore
Artificial Lift Market, By Well Type
- Vertical
- Horizontal
Artificial Lift Market, By Mechanism
- Gas Assisted
- Pump Assisted
Artificial Lift Market, By Type
- Progressive Cavity Pump
- Others
- Rod Lift
- Eletrical Submersible Pump
- Gas Lift
Artificial Lift Market, By Deployment Mode
- On-Premises
- Cloud
Artificial Lift Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Artificial Lift Market, By Company
- Halliburton (US)
- Schlumberger (US)
- Baker Hughes Company (US)
- Weatherford (Switzerland)
- NOV (US)
- Borets International (Russia)
- Oilserv (UAE)
- JJ Tech (US)
- Apergy (US)
- DistributionNow (US)
- Novomet (Russia)
- AccessESP (US)