Press release
Artificial Lift Systems Market to 2022– Market Estimate, Industry Size: Grand View Research, Inc.
Saudi Arabia significantly pursues oil & natural gas drilling programs due to increasing domestic energy consumption. Due to increasing industrialization and construction activities in India, demand for fuel is rising at a faster pace, which is expected to drive artificial lift systems industry growth over the forecast period. African countries continue to drive oil & gas production, thereby increasing drilling activities.
Browse to access In-depth research report on Global Artificial Lift Systems Market with detailed charts and figures: http://www.grandviewresearch.com/industry-analysis/artificial-lift-systems-market
Further key findings from the study suggest:
• Electrical submersible pumps segment captured over 50% of the overall revenue generated in 2014. However, the segment may lose share over the foreseeable future owing to rise in adoption of rod lifts.
• Rod lifts segment is estimated to witness rapid growth over the forecast period. In 2014, the segment accounted for over 20% of the overall market share and it is increasingly used method for vertical wells, particularly in the U.S.
• High demand for hydraulic fracturing and horizontal drilling systems is expected to fuel over the next few years. Hydraulic fracturing activities have led to increased supply of oil & natural gas, especially in North America. Companies, thereby develop products to serve the hydraulic fracturing segment.
• In 2014, North America artificial lift systems market captured a sizeable share in terms of revenue. This may be attributed to rise in oil and water drilling activities. Further, prevalence of several oil rigs may also positively impact regional demand over the forecast period.
• On account of high demand for kerosene in local markets, Asia Pacific is estimated to witness rapid growth over the next seven years. The region accounted for over 20% of the overall revenue generated in 2014.
• The industry is consolidated in nature with the presence of few big players including Halliburton, Baker Hughes Incorporated, Cameron International Corporation, Dover Corporation, and GE Energy. Companies focus on expanding their global footprint through strategic alliances and collaborations. Expansion strategies primarily include provision of improved after-sales services, opening of new facilities, and expanding manufacturing capacity.
Request for free sample of this research report: http://www.grandviewresearch.com/industry-analysis/artificial-lift-systems-market/request
Grand View Research has segmented the global artificial lift systems market on the basis of product and region:
Artificial Lift Systems Product Outlook (Revenue, USD Million, 2012 – 2022)
• Rod Lifts
• Electrical Submersible Pumps
• Progressive Cavity Pumps
• Gas Lifts
• Hydraulic Pumps
• Others
Artificial Lift Systems Regional Outlook (Revenue, USD Million, 2012 – 2022)
• North America
• Europe
• Asia Pacific
• RoW
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
email: sales@grandviewresearch.com
Web: www.grandviewresearch.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 Systems Market to 2022– Market Estimate, Industry Size: Grand View Research, Inc. here
News-ID: 324568 • Views: …
More Releases from Grand View Research, Inc.
Generative AI Market Size, Share, And Industry Outlook Report, 2030
Generative AI Market Growth & Trends
The global generative AI market size is anticipated to reach USD 109.37 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 37.6% from 2025 to 2030. Growing demand to modernize workflow across industries is expected to drive the demand for generative AI applications among industries. Other factors that propel the market growth include the evolution of AI…
Maternal Mental Health Market To Reach $45.72 Billion By 2030 | Therapy Mama, Ca …
The global maternal mental health market size is expected to reach USD 45.72 billion by 2030, growing at a CAGR of 28.43%, according to a new report by Grand View Research, Inc. Maternal mental health issues are a global concern that affects women of various countries and cultures. It refers to the emotional well-being of women during the pregnancy and postpartum period. The market is driven by the increasing incidence…
Downstream Processing Market Size, Share & Trends Analysis Report, 2030
The global downstream processing market size is expected to reach USD 94.79 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.84% from 2023 to 2030. The capacity requirements during the development of biologic drugs have changed over the past few years, wherein the demand for manufacturing high-volume products has shifted to developing small-volume, high-potency…
Electric Mobility Industry: E- Light Commercial Vehicle Thereby Contributing To …
The global electric mobility industry size stood at USD 101.67 billion in 2022 and will exhibit a CAGR of 19.9% from 2023 to 2030, according to the "Electric Mobility Industry Data Book, 2023 - 2030," published by Grand View Research. The growth comes on the back of an exponential rise in smart cities and a gradual uptick in charging infrastructure. Further, the strong outlook of electric mobility will rely on the launch…
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…
