Artificial Lift Market is Projected to Reach 10200 Million US$ by 2025

This research report categorizes the global Artificial Lift market by top players/brands, region, type and end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

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 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.

The Artificial Lift market was valued at 9550 Million US$ in 2018 and is projected to reach 10200 Million US$ by 2025, at a CAGR of 0.9% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Artificial Lift.

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This report studies the global Artificial Lift market size of Artificial Lift in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Artificial Lift in these regions.

The following manufacturers are covered in this report, with sales, revenue, market share for each company: Weatherford, Schlumberger, General Electric, Baker Hughes, Halliburton, Dover, National Oilwell Varco, Borets, Cameron, Novomet etc.

It also provides Artificial Lift breakdown data by types like Rod Lift, ESP, PCP, Hydraulic Pumps, Gas Lift, Plunger Lift and by applications like Onshore, Offshore.

Major Points from Table of Contents
1 Study Coverage
2 Executive Summary
3 Market Size by Manufacturers
4 Artificial Lift Production by Regions
5 Artificial Lift Consumption by Regions
6 Market Size by Type
7 Market Size by Application
8 Manufacturers Profiles
9 Production Forecasts
10 Consumption Forecast
11 Value Chain and Sales Channels Analysis
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
13 Key Findings in the Global Artificial Lift Study
14 Appendix

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