Artificial Lift Systems Market
Global Artificial Lift Systems Market Size, Share & Trends Analysis Report by Product type (Gas Lift, Rod Lift, Electrical Submersible Pump (ESP), and Progressive Cavity Pump (PSP)), By Application (Offshore and Onshore), By Technology (Pump Assisted and Gas Assisted) and Forecast 2019-2025 Update Available - Forecast 2024-2030
The global market for artificial lift systems is estimated to have a significant CAGR during the forecast period. Artificial lift systems are the technologies used to augment fluid production from the reservoir. These fall into several categories depending on the operating principle, design and energy source. Artificial lift systems reduce the weight of the hydrostatic column on the reservoir, by reducing the density of the fluid column, thereby reducing the drawdown on the reservoir. Extensive research and field studies have been conducted on a range of artificial-lift systems that have been developed and applied extensively to meet industry needs. These systems include beam pumping, gas lift, electrical submersible pumps (ESPs), and hydraulic lift. The Production of oil requires energy to lift the fluids from the reservoir to the surface therefore growing production of oil & gas further encorages the artificial lift systems market.
Segmental Outlook
The global market for artificial lift systems is classified on the basis of product type, application and technology. On the basis of product type, the market is further segregated into gas lift, rod lift, electrical submersible pump (ESP), and progressive cavity pump (PSP). The rod lift segment is projected to have considerable share in the global market owing to the increasing applications of handling corrosive gases during artificial lift system process. Moreover, the progressive cavity pump for artificial lift systems is estimated to have significant growth during the forecast period. On the basis of application the global market for artificial lift systems further classified into offshore and onshore. The offshore application segment is projected to grow significantly in the global artificial lift systems market. Based on the technology, the global artificial lift systems market is further segmented into pump assisted and gas assisted.
Global Artificial Lift Systems Market Share by Technology, 2018(%)
Global artificial lift systems market to be driven by pump assisted technology
The pump assisted technology segment held a considerable share in the market in the global airlift systems market. The pump assisted technology include positive displacement and dynamic displacement. The growing application of positive displacement pump further provide significant growth in the pump assisted technology market. Positive displacement pumps are those that utilize sliding vanes, screws, lobes, gears, and piston to transfer a set volume of gas with every single stroke. These pumps work by trapping a smaller volume of gas in each set. In positive displacement pump, atmospheric air is drawn into more than one of its compression chambers and closes the valve. The key aspects that enhances the growth of the positive displacement pumps includes the internal cooling that offers the continuous of the pumps and a power range of approximately 5-400 horsepower. Advancements in the technology and growing oil & gas production is also positively impacting the market growth.
Regional Outlook
Geographically, the global artificial lift systems market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The market growth in the region is growing industrialization and oil & gas production in emerging economies. The major countries which will have a significant market share during the forecast period are India, China, and Japan.
Global artificial lift systems Market Growth, by Region 2019-2025
North America to hold a considerable share in the global artificial lift systems market
Geographically, North America is projected to hold a significant market share in the global artificial lift systems market. Major economies which are anticipated to contribute to the North America artificial lift systems market are the US and Canada. Major factors that augment the growth of the market in the region includes well-developed oil & gas sector, increasing natural gas production across economies of the region, and growing production activities in the automotive and pharmaceutical industries of the region. North American artificial lift systems market is witnessing significant growth owing to the supporting government programs to encourage the adoption of energy-efficient industrial solutions. As per the US Department of Energy, industrial manufacturing consumes 36% of all energy used in the US.
Market Players Outlook
The key players in the artificial lift systems market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Baker Hughes Co., Halliburton Energy Services, Inc., National Oilwell Varco, Schlumberger Ltd., Weatherford International plc and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global artificial lift systems market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Baker Hughes Co.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Halliburton Energy Services, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. National Oilwell Varco
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Schlumberger Ltd.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Weatherford International plc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Artificial Lift Systems Market by Product Type
5.1.1. Gas Lift
5.1.2. Rod LIft
5.1.3. Electrical Submersible Pump (ESP)
5.1.4. Progressive Cavity Pump (PSP)
5.2. Global Artificial Lift Systems Market by Application
5.2.1. Offshore
5.2.2. Onshore
5.3. Global Artificial Lift Systems Market by Technology
5.3.1. Pump Assisted
5.3.2. Gas Assisted
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Apergy Corporation
7.2. AccessESP
7.3. Baker Hughes Co. (General Electric Co.)
7.4. Borets International
7.5. Camco
7.6. DistributionNOW
7.7. Epic Lift Systems
7.8. Halliburton Energy Services, Inc.
7.9. JJ Tech
7.10. MiddleEast Oilfield Services
7.11. Maktoom LLC
7.12. National Oilwell Varco (NOV)
7.13. Novomet Group
7.14. OILSERV
7.15. PCM Artificial Lift Solutions Inc.
7.16. Production Lift Companies
7.17. Priority Energy LLC
7.18. Schlumberger Ltd.
7.19. Valiant Artificial Lift Solutions
7.20. Weatherford International plc
1. GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
2. GLOBAL GAS LIFT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL ROD LIFT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL ELECTRICAL SUBMERSIBLE PUMP (ESP) MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL PROGRESSIVE CAVITY PUMP (PSP) MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
7. GLOBAL ARTIFICIAL LIFT SYSTEMS IN OFFSHORE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL ARTIFICIAL LIFT SYSTEMS IN ONSHORE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
10. GLOBAL PUMP ASSISTED ARTIFICIAL LIFT SYSTEMS RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL GAS ASSISTED ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
13. NORTH AMERICAN ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
14. NORTH AMERICAN ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
15. NORTH AMERICAN ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
16. NORTH AMERICAN ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
17. EUROPEAN ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
18. EUROPEAN ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
19. EUROPEAN ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
20. EUROPEAN ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
21. ASIA-PACIFIC ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
25. REST OF THE WORLD ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
26. REST OF THE WORLD ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
27. REST OF THE WORLD ARTIFICIAL LIFT SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
1. GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)
2. GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
3. GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET SHARE BY TECHNOLOGY, 2018 VS 2025 (%)
4. GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
7. UK ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD ARTIFICIAL LIFT SYSTEMS MARKET SIZE, 2018-2025 ($ MILLION)
