openPR Logo
Press release

Artificial Lift System Market: Global Market Share, Size, Industry Approaches, Strategies and Forecast 2017-2025, Acute Market Reports

02-22-2018 09:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Acute Market Reports

Artificial Lift System Market: Global Market Share, Size,

Artificial Lift System Market- Growth, Future Prospects, Competitive Analysis, and Forecast 2017 - 2025, the Global Artificial Lift System Market is expected to reach US$ 29.1 Bn by 2025, expanding at a CAGR of 4.7% during the forecast period 2017 to 2025.

Browse Here For Full Report: http://www.acutemarketreports.com/report/artificial-lift-systems-market

Market Insights

Artificial lift system in oil & gas industry refers to use of artificial means to increase to flow of the crude oil from the well. Artificial lift system is a kind of enhanced oil recovery technique widely used to improve the well productivity especially for matured reserves as well as reserves with high viscosity crude oil. Artificial lift system is low cost conventional enhanced oil recovery technique used to improve production from oil well. It is done through various methods such as increasing extraction rate using submersible pumps which is the most popular artificial lifting method. Other methods such as rod lift, gas lift and progressive cavity pumps are expected to gain traction over the forecast period.

Artificial lift system market is expected to gain impulse with growing demand for fossil fuel coupled with increasing number of mature reserves across the globe expected to drive the demand of artificial lift system. Further, volatile oil prices influencing oil companies to reduce their per barrel cost of oil production. Thus, demand for enhanced oil techniques such as artificial lift system is expected to increase during the forecast period. Moreover, growing number of matured reserves and increasing exploration of non-conventional reserves are expected to fuel the demand for artificial lift system over the forecast period (2016-2023). However, high initial installation cost and lack of skilled labour for artificial lifting are expected to hamper the growth of artificial lift system market during the forecast period (2016-2023).

Competitive Insights:

Global artificial lift system market is segmented on the basis of type and geography. By type, electrical submersible pumps segment is projected to be the most dominant segment with due to high adoption of submersible pumps in artificial lifting of hydrocarbons from the oil well. Followed by it, rod lift is expected to be the fastest growing segment due to increasing adoption of the method as it is cost effective and considered as most of efficient method to extract hydrocarbons. The segment is anticipated to gain significant market share by 2023.

Leading players in the market such as Weatherford, Schlumberger Limited and Baker Hughes Incorporated collectively accounts for over 50% of the revenue share in global artificial lifting market. Key players are focusing on increasing their market penetration through mergers and acquisitions of small players. Further, artificial lifting market is expected to witness development of new products as leading players in the artificial lifting market are investing significant amount in research and development to develop for efficient methods to increase the extraction rate of hydrocarbons.
Overall, global Artificial Lift System Market is projected to register significant growth over the forecast period (2016-2023).

Key Trends:

• Merger & Acquisition
• Investment in research and development
• New techniques development

Browse Here For Full Report: http://www.acutemarketreports.com/report/artificial-lift-systems-market

ToC:
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Artificial Lift System Market Snapshot
2.1.1. Global Artificial Lift System Market by Type, 2015
2.1.2. Global Artificial Lift System Market by Geography, 2015
2.1.3. Market Drivers, Challenges and Trends

3. Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry
3.8. Key Players Market Share Analysis

4. Global Artificial Lift System Market Size , By Type, 2015 - 2025
4.1. Overview
4.1.1. Market Share Analysis by Type, 2015 - 2025
4.1.2. Attractive Investment Proportion by Type
4.2. Electrical Submersible Pumps
4.3. Rod Lift
4.4. Progressive Cavity Pumps
4.5. Gas Lift
4.6. Others.........

Browse Here For Full Report: http://www.acutemarketreports.com/report/artificial-lift-systems-market
About:
Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements. We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends. Our database consists of 200,000+ market research reports with detailed & minute market research.

Media Contact
Name: Chris Paul
Address: 105 N 1st ST #429
SAN JOSE, CA 95103 US
E-mail: sales@acutemarketreports.com
Toll Free (US/CANADA): +1-855-455-8662
Web: http://www.acutemarketreports.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 System Market: Global Market Share, Size, Industry Approaches, Strategies and Forecast 2017-2025, Acute Market Reports here

News-ID: 953139 • Views:

More Releases from Acute Market Reports

Clad Pipe Market | Global Industry Size, Development Strategy, Revenue Analysis, Top Leaders, Segmentation, Future Trends and Regional Forecast to 2031
Clad Pipe Market | Global Industry Size, Development Strategy, Revenue Analysis, …
The global market for clad pipe is projected to reach $3870.4 million by 2031, up from $2500 million in 2022, representing a CAGR of 5.10 percent over the period from 2023 to 2031. During the projected period of 2023 to 2031, it is anticipated that the market for clad pipes will exhibit a CAGR of 5.10%. A Clad Pipe is a form of steel pipe with a layer of corrosion-resistant
Explosion Proof Equipment Market 2031 | Global Industry Size, Development Strategy, Revenue Analysis, Top Leaders, Segmentation, Future Trends and Regional Forecast to 2031
Explosion Proof Equipment Market 2031 | Global Industry Size, Development Strate …
According to a new market research report published by Acute Market Reports, "Explosion Proof Equipment Market (by End-use Vertical (Oil & Gas, Industrial Manufacturing & Processing, Energy & Mining, Pharmaceuticals, and Other Verticals), by Applicable System Type (Material Handling Systems, Surveillance Systems, Power Supply Systems, Motors, Automation Systems, and Others), by Hazardous Zone (Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, Zone 22), by Geography (North America, Europe,
Acquired von Willebrand syndrome (AvWS) Treatment Market - Growth, Future Prospe …
Acquired von Willebrand syndrome is a highly heterogeneous bleeding disorder, usually displays mild to moderate hemorrhagic symptoms that may at times be severe too. Many a time the severity increases post-surgery. AvWS is considered as a rare disorder, however, the actual prevalence is not as rare. In case the laboratory findings diagnoses vWD in a patient with no family history, AvWS associated conditions is usually explored. The acquired von willebrand

More Releases for Artificial

Global Artificial Intelligence Market, Global Artificial Intelligence Industry, …
Major players in the artificial intelligence market are Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA Corporation, Samsung Electronics Co.Ltd, and Micro Strategy Inc. The Global Artificial Intelligence Market is expected to grow from USD 28.42 billion in 2019 to USD 40.74 billion in 2020 at a compound annual growth rate (CAGR) of 43.39%. The growth is mainly due to the COVID-19 health emergency across the globe that has led to
Artificial Iris Market - Industry Analysis, Size, Share, Growth, Trends, and For …
The global Artificial Iris Market is anticipated to gain the market worth of US$ 16.28 million by 2025, expanding at a CAGR of 6.39% during the forecast period 2019-2025. The natural pupil controls the amount of light that enters the eye and people with pupil or iris abnormalities may experience glare or haloes in sunlight or bright artificial light. Patients may also feel self-conscious about the appearance of their eyes
Global Artificial Organs Market Facts, Figures and Analytical Insights, 2018 to …
Artificial Organs Market Introduction Artificial organ is an engineered device or tissue that is implanted into the human body. These artificial organs replace a natural organ in order to duplicate a specific function so that the patient can return to a normal life. It is a medical device with biochemical or mechanical function such as lung, heart, liver, kidney, or neurosensory organs. Artificial organs are surgically implanted or are extra
Artificial Turf Market – Sophisticated Need 2025 | Artificial Lawn, GrassTex
Global Artificial Turf Market: Overview Artificial turf has garnered much popularity over the past decades due to the powerful appeal of many of its benefits. It has become a ubiquitous part of schools, colleges, municipalities, and state government buildings. Benefits such as the need for no garnish or irrigation, easy installation, and suitability in enclosed, arched, or enclosed spaces, wherein the lack of adequate sunshine may make the maintenance of natural
Artificial Turf Market – Global Need Assumptions 2025 | Artificial Lawn, Grass …
Global Artificial Turf Market: Snapshot Growth opportunities abound in the global market for artificial turf as residential and commercial property owners increasingly focus on ways of keeping lawns green even during the rising incidences of draughts across the globe. Along with providing an easy way of conserving the water otherwise spent on keeping natural grass alive, artificial grass, or artificial turf as it is often referred to, helps eliminate the need
Artificial Organ Bank Market, Artificial Organ Bank Industry, Global Artificial …
Latest industry research report on: Global Artificial Organ Bank Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Organ necessity is surpassing the supply of donated organs. Even today there are loads of patients waiting for organ transplant but not everyone can get it done due to the low supply of organ transplant.According to the American Transplant Foundation in United States about 123,000 patients are waiting