Artificial Lift 2018 Market Size Analysis, Scope, Stake, Progress | Industry In-depth Study with Key Players, Trends and Forecast to 2027

Market Overview:-

Market research future published a cooked research report on Global Artificial Lift Market. Artificial Lift market is expected to grow with the CAGR of about 7% from 2016 to 2022. For the Global Artificial Lift market drivers are increased unconventional oil & gas production, declining reservoirs, and growing number of mature fields. However, strict government regulations environmental concerns are constraining the growth of the artificial lift market. The recent decline in oil prices is estimated to increase the demand for production focused services such as pressure pumping, artificial lift and enhanced oil recovery; as the focus has shifted entirely towards production optimization as comparison to drilling services. Consequently, artificial lifts are expected to experience a rise in demand from owner-operators, independent E&P companies, and other industry stakeholders.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/830

Due to rapid industrialization, conventional sources for oil and gas are depleting. This has led companies to meet end-user demands by focusing on unconventional gas resources which is considered to act as a prime factor for the market growth.

Meanwhile, the high cost associated with artificial lift equipment and lack of skilled workers will hinder the market growth globally. Also, impacted investments and fluctuating oil prices might affect the market growth due to high capital and equipment costs. Also, strict government mandates and environment related problems are inhibiting the market growth globally.

Industry Top Key Players:-

Some of the key players for this market are: Baker Hughes, Borets, Cameron International, Dover Corporation, GE Oil & Gas, Halliburton, John Crane, National Oilwell Varco, Schlumberger, and Weatherford.

Industrial Developments:-

The Trump administration granted gas drilling and new offshore oil in almost all US coastal waters, thus giving energy companies the access to lease off California and opening more than a billion acres in the Arctic and along the Eastern Seaboard.

Baker Hughes, a GE company, proposed using a Terr- Adapt adaptive drillbit so that the drilling performance is improved and the NPT is reduced by proactively mitigating slip and stick and impact loading. This device comes with self-adjusting depth-of-cut control elements to reduce torsional instability.

In October 2014, Dover Corporation acquired Accelerated Companies LLC which is a supplier of artificial lift solutions and fluid handling to oil and gas production industry.

Check Complete Detail Report @ https://www.marketresearchfuture.com/reports/artificial-lift-market-830 


North America Holds the Largest Market Share:-

North America held the largest share in artificial lift market in 2017. In this region, the market growth can be attributed to the presence of a large number of oil reserves in onshore basins, declining production from mature conventional fields, and increasing adoption of latest technologies in gas and oil sector. The oil industry in North America faces challenges of meeting high energy demand. The natural pressure in wells reduces with time. To maintain the level of production, the North American companies are incorporating secondary extraction techniques which include artificial lifting which is, in turn, driving the market in this region.

However, the European market held the second largest share and is expected to show a moderate growth rate over the forecast period. The Asia Pacific market is expected to showcase a higher growth rate than Europe, owing to the increase in focus towards developing shale gas projects in countries like Indonesia and China.

Major Points of TOC:-

1 REPORT PROLOGUE

2 Global Artificial Lift Market 2016-2027: INTRODUCTION

3 Global Artificial Lift Market 2016-2027: RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.3 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

Check Discount @ https://www.marketresearchfuture.com/check-discount/830

4 Global Artificial Lift Market 2016-2027: MARKET DYNAMICS4.1 DRIVERS

4.2 RESTRAINTS

4.3 OPPORTUNITIES

4.4 MEGA TRENDS

4.5 MACROECONOMIC INDICATORS

4.6 IMPORTANT POINTERS BY INDUSTRY EXPERTS

4.6.1 FASTEST GROWING MARKET

4.6.2 GROWTH PROSPECTS

4.5 REGULATIONS/ACTS

Continued......

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

This release was published on openPR.