SHARE
Artificial Lift Market

Artificial Lift - Global Market Outlook (2018-2027)

4.3 (69 reviews)
Published: April 2020 ID: SMRC19095
4.3 (69 reviews)
Published: April 2020 ID: SMRC19095

This report covers the impact of COVID-19 on this global market

Artificial Lift Systems Market

According to Stratistics MRC, the Global Artificial Lift System Market is accounted for $6.99 billion in 2018 and is expected to reach $12.85 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Some of the key factors propelling the market growth are raising investments in the upstream oil & gas sector and heavy oil production. However lack of skilled labour is the restraining factor for the growth of the market.

Artificial Lift is a method which is used on oil wells to increase pressure within the reservoir in order to increase flow of liquids such as crude oil or water. Some reservoirs do not flow naturally. So, the artificial lift methods are employed to lift the oil to the surface. These methods can be deployed on both mature and new wells to maximize and maintain production from well. The uses of artificial lift method include reduced boost life-of-well productivity, maintenance and risk, and increase ROI by balancing flow rates and lifting costs. The two main types of artificial lift methods are gas assisted and pump assisted. Pump assisted methods mostly include rod lift, PCP and ESP and gas assisted include plunger lift and gas lift.

By application, the offshore segment is expected to grow at a significant market share during the forecast period due to the fact that offshore has huge untapped reserves. Artificial lift methods such as gas lift, ESP, PCP, and hydraulic pumping are most prominently used in offshore oil wells.

On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the redevelopment of shale reserves and growth in unconventional resources in the US and Canada. Additionally, the demand for artificial lift operations in the maturing offshore fields in the Gulf of Mexico and other onshore fields in the US is expected to drive market growth.


Some of the key players in Artificial Lift System Market include AccessESP, Apergy, Borets International Limited, Camco, Dover Corporation, Flotek Industries, Inc, GE Oil & Gas, Halliburton, 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 assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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.

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials