Press release
Global Artificial Lift Systems Market Become Dominant At CAGR Of 8.10% By 2021
About Artificial Lift Systems Market
Artificial lift is a method used to lower the producing bottom-hole pressure on the formation to obtain a higher production rate from wells. This can be done using positive displacement downhole pumps, such as ESP, RLP, and PCP that lower the flowing pressure at the pump intake. The global artificial lift systems market is segmented based on type, namely ESP, RLP, PCP, and other pump systems.
Technavios analysts forecast the global artificial lift systems market to grow at a CAGR of 8.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global artificial lift systems market for 2017-2021. To calculate the market size, the report considers the sales and services market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Artificial Lift Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Baker Hughes
Dover Artificial Lift
Halliburton
Schlumberger
Weatherford
Other prominent vendors
Borets
Compass Oil and Gas Solutions
Flotek Industries
General Electric
Gulf Coast Pump & Supply
Cameron International
Lycon
National Oilwell Varco
PCM
Tenaris
Torqueflow-Sydex
Market driver
Growing demand for oil and natural gas
For a full, detailed list, view our report
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Market challenge
High maintenance cost
For a full, detailed list, view our report
Market trend
Increasing use of automation and remote technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Table of Content
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by type
Market overview
Global electrical submersible pump (ESP) systems market
Global rod lift pump (RLP) systems market
Global progressive cavity pump (PCP) systems market
Global others pump systems market
PART 07: Market segmentation by end-user
Market overview
Global artificial lift systems market in the onshore oil and gas industry
Global artificial lift systems market in the offshore oil and gas industry
PART 08: Geographical segmentation
Market overview
Artificial lift systems market in the Americas
Artificial lift systems market in EMEA
Artificial lift systems market in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
Market drivers
Market challenges
PART 11: Market trends
Increasing use of automation and remote technology
Increasing subsea operations
Increasing adaptation to non-conventional energy sources in Europe
PART 12: Vendor landscape
Competitive scenario
Other prominent vendors
PART 13: Key vendor analysis
Baker Hughes
Dover Artificial Lift
Halliburton
Schlumberger
Weatherford
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