Global Artificial Lift Market 2018 by Rivals - Schlumberger, General Electric, Weatherford

Orbis Research has announced the addition of the Global Artificial Lift Market 2018 to store by company, by country, and by application/type for the competitive landscape analysis.

Artificial lift is a method used to lower the producing bottomhole pressure (BHP) on the formation to obtain a higher production rate from the well. This can be done with a positive-displacement downhole pump, such as a beam pump or a progressive cavity pump (PCP), to lower the flowing pressure at the pump intake. It also can be done with a downhole centrifugal pump, which could be a part of an electrical submersible pump (ESP) system. Most oil wells require artificial lift at some point in the life of the field, and many gas wells benefit from artificial lift to take liquids off the formation so gas can flow at a higher rate.

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Of the different artificial lift technologies, Rod lift is the largest segment in quantity and ESP is the fastest growing and largest revenue segment. Rod lift is expected to continue its dominating position in the next five years due to a global increase field decline and ESP is projected to grow much slower than the last five years as new oil wells are expected to grow quite moderately.

North America is the largest artificial lift market with the fast growing shale gas production. US and Russia are the largest ESP market and Canada is the largest PCP market.

The artificial lift market scale is likely to decrease and more M&A expected in the next few years. Although sales of Artificial Lift brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Artificial Lift field.

Over the next five years, LPI(LP Information) projects that Artificial Lift will register a 1.2% CAGR in terms of revenue, reach US$ 10200 million by 2023, from US$ 9550 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Artificial Lift market by product type, application, key manufacturers and key regions.

To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:

Segmentation by product type:

Rod Lift

ESP

PCP

Hydraulic Pumps

Gas Lift

Plunger Lift

Segmentation by application:

Onshore

Offshore

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This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Spain

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

Weatherford

Schlumberger

General Electric

Baker Hughes

Halliburton

Dover

National Oilwell Varco

Borets

Cameron

Novomet

Some of Major Point From TOC of Global Artificial Lift Market 2018

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

2.1 World Market Overview

2.1.1 Global Artificial Lift Consumption 2013-2023

2.1.2 Artificial Lift Consumption CAGR by Region

2.2 Artificial Lift Segment by Type

2.2.1 Rod Lift

2.2.2 ESP

2.2.3 PCP

2.2.4 Hydraulic Pumps

2.2.5 Gas Lift

2.2.6 Plunger Lift

2.3 Artificial Lift Consumption by Type

2.3.1 Global Artificial Lift Consumption Market Share by Type (2013-2018)

2.3.2 Global Artificial Lift Revenue and Market Share by Type (2013-2018)

2.3.3 Global Artificial Lift Sale Price by Type (2013-2018)

2.4 Artificial Lift Segment by Application

2.4.1 Onshore

2.4.2 Offshore

2.5 Artificial Lift Consumption by Application

2.5.1 Global Artificial Lift Consumption Market Share by Application (2013-2018)

2.5.2 Global Artificial Lift Value and Market Share by Application (2013-2018)

2.5.3 Global Artificial Lift Sale Price by Application (2013-2018)

Continued...

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