Artificial Lift Market
Artificial Lift - Global Market Outlook (2018-2027)
Artificial Lift Systems Market
According to Stratistics MRC, the Global Artificial Lift System Market was worth $6.99 billion in 2018 and is predicted to be worth $12.85 billion by 2027, expanding at a 7.0% CAGR over the forecast period. Raising investments in the upstream oil and gas industry and heavy oil production are some of the primary drivers driving market expansion. However, a dearth of trained labour is a barrier to the market's expansion.
Artificial lift is a procedure used on oil wells to enhance reservoir pressure in order to improve the flow of liquids such as crude oil or water. Some reservoirs do not naturally flow. As a result, artificial lift technologies are used to bring oil to the surface. These strategies may be used on both mature and new wells to maximise and sustain well output. Artificial lift methods are used to minimise well productivity, maintenance, and risk and to maximise ROI by balancing flow rates and lifting costs. Gas-assisted and pump-aided are the two basic types of artificial lift technologies. Pump-aided methods include rod lift, PCP, and ESP, whilst gas-assisted methods include plunger lift and gas lift.
Because offshore contains vast unexplored reserves, the offshore category will likely gain a large market share throughout the projection period. Artificial lift technologies such as gas lift, ESP, PCP, and hydraulic pumping are most commonly employed in offshore oil wells.
Geographically, North America is expected to have a significant market share during the projected period due to the redevelopment of shale reserves and the expansion of unconventional resources in the United States and Canada. Furthermore, demand for artificial lift operations in the mature offshore fields of the Gulf of Mexico and other onshore areas in the United States will likely boost market expansion.
Some of the pivotal players in the Artificial Lift System Market comprise Apergy, Borets International Limited, AccessESP, Camco, Dover GE Oil & Gas, Halliburton, Corporation, Flotek Industries, Inc, JJ Tech, John Crane Group, National Oilwell Varco, Inc, Novomet, Oilserv, Schlumberger and Weatherford.
Types Covered:
• Electrical Submersible Pump (ESP)
• Gas Lift
• Hydraulic Pumps
• Plunger Lift
• Progressive Cavity Pump (PCP)
• Rod Lift
Well Types Covered:
• Horizontal
• Vertical
Mechanisms Covered:
• Gas Assisted
• Pump Assisted
Components Covered:
• Cable System
• Controller
• Drive Head
• Gas-lift Mandrels
• Gas-lift Valves
• Motor
• Pump
• Pump Jack
• Separator
• Sucker Rod
Applications Covered:
• Offshore
• Onshore
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share estimates for regional and country level segments
- Strategic suggestions for new entries
- Includes market statistics for 2017, 2018, 2019, 2023, and 2027.
- Market Developments (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's Five Forces Analysis, SWOT Analysis, and so on.
- Strategic advice in major business categories based on market estimates
- Mapping the most common patterns in competitive landscaping
- Profile of the company, including specific strategy, financials, and current developments
- Supply chain trends that track the most recent technology breakthroughs
Offerings for Free Customization:
All purchasers of this report will be eligible for one of the following free customisation options:
• Organizational Profiling
o Extensive profiling of other market participants (up to 3)
o Key Player SWOT Analysis (up to 3)
• Regional Segmentation o Market estimates, forecasts, and CAGR of any important nation of interest to the customer (Note: Depends on feasibility check)
o Competitive Analysis
Key players are compared based on their product portfolio, geographical presence, and strategic relationships.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Artificial Lift Market, By Type
5.1 Introduction
5.2 Electrical Submersible Pump (ESP)
5.3 Gas Lift
5.4 Hydraulic Pumps
5.5 Plunger Lift
5.6 Progressive Cavity Pump (PCP)
5.7 Rod Lift
6 Global Artificial Lift Market, By Well Type
6.1 Introduction
6.2 Horizontal
6.3 Vertical
7 Global Artificial Lift Market, By Mechanism
7.1 Introduction
7.2 Gas Assisted
7.3 Pump Assisted
7.3.1 Dynamic Displacement
7.3.2 Positive Displacement
8 Global Artificial Lift Market, By Component
8.1 Introduction
8.2 Cable System
8.3 Controller
8.4 Drive Head
8.5 Gas-lift Mandrels
8.6 Gas-lift Valves
8.7 Motor
8.8 Pump
8.9 Pump Jack
8.10 Separator
8.11 Sucker Rod
9 Global Artificial Lift Market, By Application
9.1 Introduction
9.2 Offshore
9.3 Onshore
10 Global Artificial Lift Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 AccessESP
12.2 Apergy
12.3 Borets International Limited
12.4 Camco
12.5 Dover Corporation
12.6 Flotek Industries, Inc
12.7 GE Oil & Gas
12.8 Halliburton
12.9 JJ Tech
12.10 John Crane Group
12.11 National Oilwell Varco, Inc
12.12 Novomet
12.13 Oilserv
12.14 Schlumberger
12.15 Weatherford
List of Tables
1 Global Artificial Lift Market Outlook, By Region (2017-2027) ($MN)
2 Global Artificial Lift Market Outlook, By Type (2017-2027) ($MN)
3 Global Artificial Lift Market Outlook, By Electrical Submersible Pump (ESP) (2017-2027) ($MN)
4 Global Artificial Lift Market Outlook, By Gas Lift (2017-2027) ($MN)
5 Global Artificial Lift Market Outlook, By Hydraulic Pumps (2017-2027) ($MN)
6 Global Artificial Lift Market Outlook, By Plunger Lift (2017-2027) ($MN)
7 Global Artificial Lift Market Outlook, By Progressive Cavity Pump (PCP) (2017-2027) ($MN)
8 Global Artificial Lift Market Outlook, By Rod Lift (2017-2027) ($MN)
9 Global Artificial Lift Market Outlook, By Well Type (2017-2027) ($MN)
10 Global Artificial Lift Market Outlook, By Horizontal (2017-2027) ($MN)
11 Global Artificial Lift Market Outlook, By Vertical (2017-2027) ($MN)
12 Global Artificial Lift Market Outlook, By Mechanism (2017-2027) ($MN)
13 Global Artificial Lift Market Outlook, By Gas Assisted (2017-2027) ($MN)
14 Global Artificial Lift Market Outlook, By Pump Assisted (2017-2027) ($MN)
15 Global Artificial Lift Market Outlook, By Dynamic Displacement (2017-2027) ($MN)
16 Global Artificial Lift Market Outlook, By Positive Displacement (2017-2027) ($MN)
17 Global Artificial Lift Market Outlook, By Component (2017-2027) ($MN)
18 Global Artificial Lift Market Outlook, By Cable System (2017-2027) ($MN)
19 Global Artificial Lift Market Outlook, By Controller (2017-2027) ($MN)
20 Global Artificial Lift Market Outlook, By Drive Head (2017-2027) ($MN)
21 Global Artificial Lift Market Outlook, By Gas-lift Mandrels (2017-2027) ($MN)
22 Global Artificial Lift Market Outlook, By Gas-lift Valves (2017-2027) ($MN)
23 Global Artificial Lift Market Outlook, By Motor (2017-2027) ($MN)
24 Global Artificial Lift Market Outlook, By Pump (2017-2027) ($MN)
25 Global Artificial Lift Market Outlook, By Pump Jack (2017-2027) ($MN)
26 Global Artificial Lift Market Outlook, By Separator (2017-2027) ($MN)
27 Global Artificial Lift Market Outlook, By Sucker Rod (2017-2027) ($MN)
28 Global Artificial Lift Market Outlook, By Application (2017-2027) ($MN)
29 Global Artificial Lift Market Outlook, By Offshore (2017-2027) ($MN)
30 Global Artificial Lift Market Outlook, By Onshore (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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