Press release
Artificial Lift Market Expected to Witness a Significant Growth of 13.56 Billion $ Globally by 2025 - GE, Man Diesel & Turbo SE, Ebara, Solar Turbine, Ariel, Neuman & Asser Group, Hitachi, Route Mobile
Artificial Lift Market
Global Artificial Lift Market Overview:
The report spread across 200 pages is an overview of the Global Artificial Lift Market Report 2018. The Global Artificial Lift Market is projected to grow at a healthy growth rate from 2018 to 2025 according to new research. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.
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The Global Artificial Lift Market to reach USD 13.56 Billion by 2025. Global Artificial Lift Market valued approximately USD 8.9 Billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.40% over the forecast period 2018-2025.
Increasing demand of energy across the world, improving production efficiency at the mature fields and increasing deep & ultra-deep offshore oil production are the major driving factors of the artificial lift market. The major restraining factors that negatively impact the artificial lift market are lack of skilled workers and high costs of artificial lift equipment. Artificial lift refers to the use of artificial means to increase the flow of liquids, such as crude oil or water, from a production well. Generally this is achieved by the use of a mechanical device inside the well (known as pump or velocity string) or by decreasing the weight of the hydrostatic column by injecting gas into the liquid some distance down the well.
The artificial lifts have applications in the oil and gas industry to increase the oil production from reservoirs. In 2015, the Global artificial lift system market generated revenue of $16,449 million, moreover, due to increase in demand of energy across the world in conjunction with the improving production efficiencies at mature fields, the market revenue is to reach $34,569 million through 2022.
In terms of regional analysis, North America is the significant region across the world in terms of market share highest revenue generating region valued at $6092 Million in 2015. Whereas, owing to the countries such as China, Japan, and India in Asia Pacific region is anticipated to exhibit higher CAGR over the forecast period 2018-2025 as well as leading largest revenue generating region by 2022. Ever rising population in the countries such as India and China are fueling the requirement of the oil and gas in this region along with increasing population.
Purchase this report online with 200 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Artificial Lift Market Report 2018” @ https://www.businessindustryreports.com/buy-now/114615/single .
Major Key Players:
1 General Electric Company
2 Man Diesel and Turbo SE
3 Ebara Corporations
4 Solar Turbine Inc
5 Ariel Corporations
6 Neuman and Asser Group
7 Hitachi Ltd
8 Burckhardt Compression Holding AG
9 Route Mobile Ltd
10 Infobip Ltd and More............
Market segment by Regions/Countries, this report covers
1 North America Country (United States, Canada)
2 Latin America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Rest of the World
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This study answers to the below key questions:
1 What will the market size be in 2025 and what will the growth rate be?
2 What are the key market trends?
3 What is driving this market?
4 What are the challenges to market growth?
5 Who are the key vendors in this market space?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the strengths and weaknesses of the key vendors?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Artificial Lift Market.
Major Points in Table of Contents:
Global Artificial Lift Market Report 2018
1 Executive Summary
2 Artificial Lift Definition and Scope
3 Artificial Lift Dynamics
4 Artificial Lift Industry Analysis
5 Artificial Lift, by Type
6 Artificial Lift, by Component
7 Artificial Lift, by Regional Analysis
8 Competitive Intelligence
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