Artificial Lift Market Size, Share, Price | Industry Report 2021

“Artificial Lift Market Size, Share, Price | Industry Report 2021” Market Research Report to It’s a Database.

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The artificial lift market is projected to reach USD 9.69 billion by 2021, growing at a CAGR of 4.91% from 2016 to 2021. Artificial lift systems are used in onshore and offshore applications. Production activities in oil rich countries and increasing shale gas production in North America and the Asia-Pacific regions are expected to drive the artificial lift market. The lack of skilled labour is likely to hinder market growth of artificial lift systems, as implementation of artificial lift methods require knowledge of various parameters such as well bore geometry, bottom hole pressure, and so on.

Based on type of artificial lift systems, the electrical submersible pumps segment is estimated to be the fastest growing market from 2016 to 2021. These pumps are used in low-sand oilfields, low-carbonate reservoirs, and highly deviated wells. Also, these pumps are usually used for offshore applications due to their ability to handle high-volume wells. The production efficiency of ESP is sustained even at depths of about 4,000 m. Its sustained performance and high operating volumes provides it a competitive edge over the other pumps.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 60%, Tier 2- 30%, Tier 3- 10%
• By Designation: C-Level- 30%, D-Level- 60%, Others- 10%
• By Region: North America- 30%, Asia-Pacific-40%, Europe-10%, Rest of the World- 20%

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Key players include:

10.1 Introduction

10.2 Schlumberger Limited
10.2.1 Business Overview
10.2.2 Products/Services Offered
10.2.3 Developments, 2016
10.2.4 SWOT Analysis
10.2.5 MnM View

10.3 Weatherford International PLC
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 Developments, 2014–2016
10.3.4 SWOT Analysis
10.3.5 MnM View

10.4 Baker Hughes Incorporated
10.4.1 Business Overview
10.4.2 Products/Services Offered
10.4.3 Developments, 2015–2016
10.4.4 SWOT Analysis
10.4.5 MnM View

10.5 General Electric Company
10.5.1 Business Overview
10.5.2 Products/Services Offered
10.5.3 Developments, 2015–2016
10.5.4 SWOT Analysis
10.5.5 MnM View

10.6 Halliburton Company
10.6.1 Business Overview
10.6.2 Products/Services Offered
10.6.3 Developments, 2014–2016
10.6.4 SWOT Analysis
10.6.5 MnM View

10.7 National Oilwell Varco, Inc.
10.7.1 Business Overview
10.7.2 Products/Services Offered
10.7.3 Developments, 2013–2016
10.7.4 SWOT Analysis
10.7.5 MnM View

10.8 Borets International Limited
10.8.1 Business Overview
10.8.2 Products/Services Offered
10.8.3 Developments, 2012–2016

10.9 Dover Corporation
10.9.1 Business Overview
10.9.2 Products/Services Offered
10.9.3 Developments, 2012–2016

10.10 Flotek Industries, Inc.
10.10.1 Business Overview
10.10.2 Products/Services Offered
10.10.3 Developments, 2013–2015

10.11 J J Tech
10.11.1 Business Overview
10.11.2 Products/Services Offered
10.11.3 Developments, 2013–2016

10.12 John Crane Group
10.12.1 Business Overview
10.12.2 Products/Services Offered
10.12.3 Developments, 2013–2015

Scope of the Report:

• By Type : The artificial lift market has been segmented based on type into electrical submersible pumps, rod lift, progressive cavity pumps, gas lift, and others. Others include hydraulic pumping systems and plunger lift.
• By Mechanism : The artificial lift market has been segmented based on mechanism into pump assisted and gas assisted. The pump assisted segment further includes positive displacement and dynamic displacement.
• By Application : The artificial lift market has been segmented based on application into onshore and offshore
• By Region : The global artificial lift market is analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South & Central America, and the Middle East &Africa.

Why buy this report?

• The report identifies and addresses key markets for artificial lift, which would help suppliers review the growth in the demand for the product.
• The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges.
• The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions.

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