Artificial lift is employed in oil wells to extend the pressure at intervals the reservoir to bring the oil to the surface. It’s used once the natural drive energy of the reservoir isn’t strong enough to push the oil to the surface. Recent trend discovered Increase within the production from unconventional oil and gas reserves. Conventional oil and gas resources are depleting at a quick pace, resulting in the shift of focus toward unconventional energy sources. ever-increasing energy demand, major exploration and production (E&P) firms are shifting their focus toward the event of unconventional oil and gas reserves, together with oil, shale gas, tight oil, tight gas, and coal bed alkane series (CBM), that need artificial carrying throughout E&P activities for the optimum production though artificial lift market is predicted to witness sensible growth within the coming back years, sure environmental issues associated with these lifts create a threat to the market growth. Surroundings issues associated with artificial lifting, governments of assorted countries have imposed many laws, which, in turn, are impeding the expansion of the market.
Market Insights
The global artificial lift market is expected to be around US$ 12.50 Billion by 2027 at a CAGR of 5% in the given forecast period.
The global artificial lift market is segregated on the basis of Type as Electrical Submersible Pumps, Rod Lift, Progressive Cavity Pumps, Gas Lift, and Others. Based on Mechanism the global artificial lift market is segmented in Pump Assisted and Gas Assisted. Based on Application the global artificial lift market is segmented in Onshore and Offshore.
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
Baker Hughes, Schlumberger Limited, Dover Co, Borets International, Weatherford International, National Oilwell Varco Inc., Flotek Industries Inc., JJ Tech, Halliburton Co, Application B9, and others are among the major players in the global Artificial lift market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Artificial lift Market has been segmented as below:
Artificial lift Market, By Type
Artificial lift Market, By Mechanism
Artificial lift Market, By Application
Artificial lift Market, By Region
Artificial lift Market, By Company
The report covers:
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 Baker Hughes, Schlumberger Limited, Dover Co, Borets International, Weatherford International, National Oilwell Varco Inc., Flotek Industries Inc., JJ Tech, Halliburton Co, Application B9, and others.
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1. Introduction
1.1. Key Take Aways
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
5. Artificial Lift Market, By Mechanism
5.1. Key Points
5.2. Pump Assisted
5.2.1. Positive Displacement
5.2.2. Dynamic Displacement
5.3. Gas-Assisted
6. Artificial Lift Market, By Well Type
6.1. Key Points
6.2. Horizontal
6.3. Vertical
7. Artificial Lift Market, By Application
7.1. Key Points
7.2. Onshore
7.3. Offshore
8. Artificial Lift Market, By Type
8.1. Key Points
8.2. ESP
8.3. PCP
8.4. Gas Lift
8.5. Rod lift
8.6. Others
9. Artificial Lift Market, By Region
9.1. Key Points
9.2. North America
9.2.1. U.S
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Netherlands
9.3.7. Belgium
9.3.8. Rest of Europe
9.4. Asia Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. Australia
9.4.5. Rest of Asia Pacific
9.5. Rest of World
9.6. Competitive Landscape
9.7. Introduction
9.8. Recent Developments
9.8.1. Mergers & Acquisitions
9.8.2. New Product Developments
9.8.3. Portfolio/Production Capacity Expansions
9.8.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.8.5. Others
10. Company Profile
10.1. Epic Lift Systems
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. CAMCO
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. Middle East Oilfield Services
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. Valiant Artificial Lift Solutions
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. Priority Artificial Lift Services
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. Pcm Artificial Lift Solutions Inc.
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
10.7. Accesses
10.7.1. Company Overview
10.7.2. Product/Service Landscape
10.7.3. Financial Overview
10.7.4. Recent Developments
10.8. Novomet
10.8.1. Company Overview
10.8.2. Product/Service Landscape
10.8.3. Financial Overview
10.8.4. Recent Developments
10.9. Oilserv
10.9.1. Company Overview
10.9.2. Product/Service Landscape
10.9.3. Financial Overview
10.9.4. Recent Developments
10.10. Jj Tech
10.10.1. Company Overview
10.10.2. Product/Service Landscape
10.10.3. Financial Overview
10.10.4. Recent Developments
10.11. Distributionnow
10.11.1. Company Overview
10.11.2. Product/Service Landscape
10.11.3. Financial Overview
10.11.4. Recent Developments
10.12. Apergy
10.12.1. Company Overview
10.12.2. Product/Service Landscape
10.12.3. Financial Overview
10.12.4. Recent Developments
10.13. Borets International
10.13.1. Company Overview
10.13.2. Product/Service Landscape
10.13.3. Financial Overview
10.13.4. Recent Developments
10.14. Nov
10.14.1. Company Overview
10.14.2. Product/Service Landscape
10.14.3. Financial Overview
10.14.4. Recent Developments
10.15. Baker Hughes Company
10.15.1. Company Overview
10.15.2. Product/Service Landscape
10.15.3. Financial Overview
10.15.4. Recent Developments
10.16. Halliburton
10.16.1. Company Overview
10.16.2. Product/Service Landscape
10.16.3. Financial Overview
10.16.4. Recent Developments
10.17. Schlumberger
10.17.1. Company Overview
10.17.2. Product/Service Landscape
10.17.3. Financial Overview
10.17.4. Recent Developments
10.18. Weatherford International
10.18.1. Company Overview
10.18.2. Product/Service Landscape
10.18.3. Financial Overview
10.18.4. Recent Developments
The Artificial lift Market has been segmented as below:
Artificial lift Market, By Type
Artificial lift Market, By Mechanism
Artificial lift Market, By Application
Artificial lift Market, By Region
Artificial lift Market, By Company
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