Press release
Artificial Lift Market Size is projected to reach 10200 Million US$ by 2025
In terms of production side, this report researches the Artificial Lift capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Artificial Lift by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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.
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 was valued at 9550 Million US$ in 2017 and is projected to reach 10200 Million US$ by 2025, at a CAGR of 0.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Artificial Lift.
Get PDF sample copy of this report @ https://www.qyresearch.com/sample-form/form/719227/global-artificial-lift-industry-research-report-growth-trends-and-competitive-analysis
This report includes the following manufacturers; we can also add the other companies as you want.
Weatherford
Schlumberger
General Electric
Baker Hughes
Halliburton
Dover
National Oilwell Varco
Borets
Cameron
Novomet
Market Segment by Product Type
Rod Lift
ESP
PCP
Hydraulic Pumps
Gas Lift
Plunger Lift
Market Segment by Application
Onshore
Offshore
Request for Discount on this Report @ https://www.qyresearch.com/request-discount/form/719227/global-artificial-lift-industry-research-report-growth-trends-and-competitive-analysis
About Us:
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.
Contact US
QY Research, INC.
17890 Castleton, Suite 218,
Los Angeles, CA - 91748
USA: +1 6262 952 442
Emails – enquiry@qyresearch.com
Web – www.qyresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Artificial Lift Market Size is projected to reach 10200 Million US$ by 2025 here
News-ID: 1501763 • Views: …
More Releases from QY Research, Inc.
Industrial Zeolite Molecular Sieves Market Opportunity Assessment, Market Challe …
LOS ANGELES, United States: The global Industrial Zeolite Molecular Sieves market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Industrial Zeolite Molecular Sieves market. For instance, the market dynamics section digs deep into the…
Pseudo Boehmite Market COVID-19 Impact Analysis, Growth Potential, Price Trend, …
LOS ANGELES, United States: The global Pseudo Boehmite market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Pseudo Boehmite market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and…
Non-shrink Cement Grout Market 2021-2027: Value of Size, Share, and Prospective …
LOS ANGELES, United States: The global Non-shrink Cement Grout market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Non-shrink Cement Grout market. For instance, the market dynamics section digs deep into the drivers, restraints,…
Expansive Cement Market Size 2021, Profiles, Types and Application of Top Compan …
LOS ANGELES, United States: The global Expansive Cement market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Expansive Cement market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and…
More Releases for Lift
Detachable Lift Market
The global detachable lift market databook report is a comprehensive and important source of information that provides critical insights into many aspects of the detachable lift industry. It examines all key participants, including Leitner Poma , Nippon Cable , Kashiyama Industries , Doppelmayr Seilbahnen GmbH , MND Group , LEITNER Ropeways , Anzen Sakudo , Bartholet Maschinenbau , TATRALIFT , Tokyo Cableway, and places a strong emphasis on competitive analysis…
Hydraulic Scissor Lift - Manufacturer and Supplier of Stationary Scissor Lift & …
Hydraulic Scissor Lift
The Company is one of the front Runner in Manufacturing Hydraulic Scissor Lift in India With an ISO 9001-2015 Certification. The core focus of the company lies in superior quality and excellent customer services. With Best Design Easiest To Setup In Any Industry.
Technovision is one of the Leading Manufacturer, Supplier & Exporters of a wide range of products which include Hydraulic Scissor Lift such as Electro Hydraulic Scissor Lift, High Raised Hydraulic Scissor Lift,…
Automotive Multifunctional Lift Systems Market Key players Dannmar Equipment, Ko …
Introduction
Automotive vehicles, in recent years, have become a necessary household entity rather than being a luxury as previously in the past. Rising living standards, rural and urban development, growth in disposable income has lead demand for automobiles to grow significantly over the past years. With high growth in automobile sales, the automotive maintenance, repairing and servicing sector is also expected to expand at a high growth rate over the forecast…
Global Plunger Lifts Market 2018 Analysis -Integrated Production Services (IPS), …
Plunger Lifts are artificial lift methods that offers an economical and established technique for removing liquids form aging gas wells while minimizing gas losses and methane emissions.
According to this study, over the next five years the Plunger Lifts market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents…
Stair Lift Market 2024 | Prism U.K. Medical Limited HIRO LIFT Symax Lift (China) …
Stair Lift Market Overview:
A stairlift is used for transporting people over stairway who are unable or have problem with climbing the stairs. Such lifts are normally used by elderly people or patients. The stairlifts are installed on rails which are either straight or curved. A stairlift is typically an assembly of rail, seat and motor (A.C.or D.C). In terms of application, straight stair lift is used for single floor or…
(AWP) Aerial Work Platform Rental Market 2024 Growth & Regional Revenue By Top P …
(AWP) Aerial Work Platform Rental Market is expected to exceed USD 24 billion by 2024. Increasing investments for the construction of infrastructures such as such as manufacturing facilities, airports, power plants, and roadways are expected to drive the AWP rental market during the forecast timeline.
In addition, various government initiatives focusing on improving the existing infrastructures further contribute towards the demand. With an increase in the number of accidents due to…
