Market Overview

Global Artificial Lift Market Analysis, Size, Share, Development, Growth & Demand Forecast 2013-2023 - ResearchAndMarkets.com

Share:

The "Artificial
Lift Market by Type, by Mechanism, by Application, by Geography - Global
Market Size, Share, Development, Growth, and Demand Forecast, 2013 -
2023"
report has been added to ResearchAndMarkets.com's
offering.

Global artificial lift market is projected to reach $10,883.1 million by
2023.

Based on type, the artificial lift market is categorized into electrical
submersible pump (ESP), rod lift, progressive cavity pump (PCP), gas
lift, and others, where the others" category includes plunger lift,
hydraulic jet pump, and other small lifts. ESP held the largest share,
accounting for more than 40.0%, in the market in 2017.

The artificial lift market is also categorized into pump-assisted and
gas-assisted mechanisms. Pump-assisted mechanism is expected to be the
faster-growing category, advancing at a CAGR of 5.5% in the market
during the forecast period. This can be mainly attributed to its higher
adoption rate in these lifts.

North America held the largest share, of more than 45.0%, in the
artificial lift market in 2017. The market growth in the region can be
mainly attributed to the declining production from mature conventional
fields, presence of a large number of oil reserves in onshore basins,
and growing adoption of new technologies in the oil and gas sector.

Artificial lifting methods are used in horizontal shale gas-producing
wells to lift the accumulated fluid in the well and help achieve
operational efficiency. Several countries around the world are testing
and evaluating production potential from shale formations in addition to
commercially viable production techniques.

Companies Mentioned:

  • Baker Hughes
  • Schlumberger N.V.
  • Dover Corporation
  • Halliburton Company
  • Borets International Limited
  • Weatherford International PLC
  • National Oilwell Varco Inc.
  • Flotek Industries Inc.
  • JJ Tech

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. Global Market Size And Forecast

Chapter 6. North America Market Size And Forecast

Chapter 7. Europe Market Size And Forecast

Chapter 8. APAC Market Size And Forecast

Chapter 9. Row Market Size And Forecast

Chapter 10. Competitive Landscape

Chapter 11. Company Profiles

Chapter 12. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/pdhls9/global_artificial?w=4

View Comments and Join the Discussion!