Press release
Artificial Lift Systems Market annual growth rate (CAGR) of 11.2% during 2015-2021
With 9.8% CARG, Asia-Pacific is expected to witness enormous gains over the period of 2015 to 2021. Factors like increased commercial activities, expanded budget allocation on infrastructure development would lead to surged demand for petroleum products which would act as the growth driver for the artificial lift system in the region over the forecasted years.
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Expansion in the oil and gas industry, multiphase gas-handling pumps, advanced technologies like web-based monitoring services and multiphase gas-handling pumps are the main driver for the global artificial lift system market.
In recent time, international crude oil prices plunged to USD 38 per barrel and created worried situation for the oil producing countries and the overall market. Further, lacking expertise, complicated operations and huge investment are main restrains for the global artificial lift system market.
Market Segmentation
By Mechanism
On the basis of mechanism, the global artificial lift system market can be divided into:
Positive Displacement
Dynamic Displacement
Gas assisted
By Types
On the basis of types, the global artificial lift system market is segmented as follows:
Rod Lift
Electrical Submersible Pump (ESP)
Progressive Cavity Pump (PCP)
Gas Lift
Others
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key Players
The key players of the global artificial lift system market are as follows:
Baker Hughes Incorporated
Cameron International Corporation
Flotek Industries, Inc
Halliburton Company
J&J Technical Services, LLC
Dover Corporation
General Electric Company
John Crane Group
Kudu Industries, Inc
Borets Company LLC
Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
Key extracts from the Table of Content of Artificial Lift Systems Market 2015-2021 report:
Artificial Lift Systems Market Size and Forecast, 2015-2021
Artificial Lift Systems Market CAGR for the Period 2015-2021
Artificial Lift Systems Market Y-O-Y for the Period 2015-2021
Artificial Lift Systems Market Demand & Supply Analysis
Artificial Lift Systems Market Investment Attractiveness
Artificial Lift Systems Market BPS Analysis
Artificial Lift Systems Market Dynamics – Trends, Drivers, Challenges, Opportunities
Artificial Lift Systems Market Competitive Landscape Analysis
Artificial Lift Systems Market Investment Proposition, by Geography
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Ajay Daniel
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Research Nester is a global firm with clients from America, Europe, Asia-Pacific and Middle East. Presence of our clients from global geographies reflects our strong hand in the market research and consulting services.
We believe that every organization can reach to its new horizon provided a right guidance at the right time is available through strategic minds. And, this belief drives us to arrange concrete ground, focusing on the quality, actionable insights and a strong understanding of the market dynamics for our business partners.
Ajay Daniel
1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : U.S. +1 646 586 9123
U.K. +44 203 608 5919
Email: ajay.daniel@researchnester.com
web:www.researchnester.com
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