Artificial Lift Systems Market

Artificial Lift Systems Market

Artificial Lift System Market Forecasts to 2028 - Global Analysis By Type (Rod lift, Electrical Submersible Pump (ESP), Progressive Cavity Pump (PCP), Gas Lift, Plunger Lift, Hydraulic Pumps, Pressurized Water Reactor (PWR), Jet pump), Well Type (Horizontal, Vertical), Component (Pump Jack, Pump, Sucker rod, Motor, Cable, Separator), Mechanism (Gas Assisted, Pump Assisted), Application (Onshore, Offshore) and Geography

4.5 (27 reviews)
4.5 (27 reviews)
Published: 2023 ID: SMRC23005

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

Years Covered


Estimated Year Value (2022)

US $6.9 BN

Projected Year Value (2028)

US $10.2 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market


According to Stratistics MRC, the Global Artificial Lift System Market is accounted for $6.9 billion in 2022 and is expected to reach $10.2 billion by 2028 growing at a CAGR of 6.8% during the forecast period. The application of technology to boost or sustain output from a hydrocarbon resource is known as artificial lift. It is utilised to boost a well's oil and gas flow to the surface. This may be accomplished in a number of ways, including mechanical lift using pumps, gas lift utilising water injections into the reservoir, and thermal lift using heat to vaporise liquid hydrocarbons and force them out of the well.

According to the International Energy Association, in 2019, global oil consumption was estimated at 4.4 mb/d, and global oil consumption is projected to reach 104.1 mb/d by 2026.

Market Dynamics:


Increasing Demand for oil exploration reserves

The artificial lift can be used to create flow from a well that isn't currently pumping or to speed up an already-flowing well. At some time during their lifespan, many oil wells and certain gas wells need artificial lift to get liquids out of the formation and speed up gas flow. Market growth for artificial lift systems is anticipated in response to escalating energy consumption, industrialisation, population growth, and urbanisation. Reliance on conventional energy sources decreases as energy use rises. This resource has been depleted as a result of overexploitation of natural resources. For oil explorations from reserves, the requirement for sophisticated artificial lift systems has developed for these reasons, and this demand is expected to fuel the artificial lift market demand during the course of the projection period.


Decreasing CAPEX of oilfield operators and upstream service providers

The main contributors to artificial lift demand are capital investments made by oil and gas companies as well as upstream exploration, development, and production activities. The changes in oil and petrol prices have an effect on these activities. Along with supply and demand, other elements that affect the price of oil and gas include weather patterns, natural disasters, and governmental rules and laws governing upstream exploration and production (E&P) operations. Due to the fact that many large-scale development projects are launched for a lengthy duration, the oil and gas firms may cut or postpone big expenditures based on the perception of long-term low oil and natural gas prices.


Increasing Demand for Crude Oil

The demand for oil is rising due to urbanisation and rising global population. The market is expanding as a result of expanding advancements in various oil-producing nations, including Saudi Arabia, Kuwait, and Egypt, among others. Additionally, electrical submersible pumps are becoming more and more popular because of their versatility and availability in all high-production nations. As nations concentrate on oil a reservoir, which is fueling the expansion of the artificial lifts industry, they are perfect for oil wells because they can handle a wide variety of flow rates and particularly high downhole temperatures. Additionally, during the anticipated period, onshore exploration and production will promote the expansion of the artificial lift market by assisting with global oil output.


Volatility of crude oil prices

Crude oil prices are typically determined by the market. Supply-demand situations and geopolitical circumstances, notably in the Middle East and the United States, are what most influence them. Consequently, crude oil prices are unstable. The upstream investment is significantly impacted by this. The price of crude oil dropped after the middle of 2014, which reduced investment in the industry. The need for artificial lift systems is negatively impacted by this. As a result, it is anticipated that the volatility of crude oil prices may hinder the artificial lift systems business in the near future.

Covid-19 Impact

The government authorities of different nations have been compelled to establish strict regulations, such social seclusion and lockdown, in order to prevent the transmission of the virus and keep the people safe throughout the pandemic phase due to the unprecedented spike in COVID-19 cases that was detected during the beginning. Because of the pandemic's severe effects, businesses and sectors as diverse as technology, automotive, manufacturing, chemicals, and many more have experienced disruptions in production and sales. Due to a stop in production, a decline in public engagement, and disruptions in supply chain operations, the pandemic had a significant negative influence on the technological development and economic growth of the affected nations. From that point forward, COVID-19 had a significant global influence on artificial lift systems and had a negative impact on their market expansion during the pandemic.

The Electrical Submersible Pumps (ESP) segment is expected to be the largest during the forecast period

The Electrical Submersible Pumps (ESP) segment is estimated to have a lucrative growth. Electric submersible pumps (ESP) are multi-stage centrifugal pumps that are used to extract moderate to large amounts of liquid from wellbores. Electric wires are used to provide the ESP systems within the well with electricity. ESPs are particularly effective in wells with low bottom-hole pressure, a low gas/oil ratio, a low bubble point, a high water cut, or fluids with a low API gravity. They are utilised in onshore and offshore, horizontal and vertical wells. They run on two distinct mechanisms: pump assistance and gas assistance.

The offshore segment is expected to have the highest CAGR during the forecast period

The offshore segment is anticipated to witness the fastest CAGR growth during the forecast period. Offshore oil wells frequently employ a variety of artificial techniques, such as electrical submersible pumps, progressive cavity pumps, rod lifts, and others. Numerous firms are searching for offshore locations for oil production since offshore has enormous untapped potential. Additionally, the North Sea and the Gulf of Mexico are home to the majority of shallow fields. Onshore electric submersible pump demand is predicted to increase because to the industries increasing number of mature fields. Corporate development will probably be boosted by the growing importance of heavy oil reserves and the need for electric submersible pump (ESP) systems in shale reservoirs.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period. Significant potential for corporate growth have been made possible by the development of the Lower-48 blocks, falling oil prices, and increasing penetration of shale deposits. The abundance of mature and ageing wells in addition to the substantial potential in the offshore area will further increase regional industrial demand.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period. Growing numbers of established fields in the area, along with mysterious price swings, have created favourable conditions for company growth. Due to the rising demand for gas, mainly from Eastern Europe, undeveloped subsea sources, mostly in Norway and the UK, are being explored. Despite the strict emission standards in place throughout the area, nations have decided to grant redevelopment licences to E&P corporations due to worries about domestic energy security.

Key players in the market

Some of the key players profiled in the Artificial Lift System Market include Apergy, General Electric Company, Weatherford International Ltd, Borets Company, Schlumberger, Halliburton, Baker Hughes Company, Hitachi, Mitsubishi Heavy Industries Compressor Corporation, Atlas Copco Energas GmbH, Oil Dynamics GmbH and Dover Corporation.

Key Developments:

In November 2021, Halliburton signed an MOU with Cairn Oil & Gas to develop new technologies to help Cairn Oil & Gas achieve its target of increasing recoverable reserve to 300 mmboe from 30 mmboe, which will help Cairn Oil & Gas increase its domestic production of crude oil.

In June 2021, Oil Dynamics GmbH announced upgradation of two wells for a leading oilfield operator based in Hannover, Germany. Oil Dynamics upgraded the wells from Progressing Cavity Pumps (PCPs) to Electric Submersible Pumps (ESPs).

Types Covered:
• Rod lift
• Electrical Submersible Pump (ESP)
• Progressive Cavity Pump (PCP)
• Gas Lift
• Plunger Lift
• Hydraulic Pumps
• Pressurized Water Reactor (PWR)
• Jet pump
• Other Types

Well Types Covered:
• Horizontal
• Vertical

Components Covered:
• Pump Jack
• Pump
• Sucker rod
• Motor
• Cable
• Separator
• Other Components

Mechanisms Covered:
• Gas Assisted
• Pump Assisted

Applications Covered:
• Onshore
• Offshore

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
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 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 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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 System Market, By Type
5.1 Introduction
5.2 Rod lift
5.3 Electrical Submersible Pump (ESP)
5.4 Progressive Cavity Pump (PCP)
5.5 Gas Lift
5.6 Plunger Lift
5.7 Hydraulic Pumps
5.8 Pressurized Water Reactor (PWR)
5.9 Jet pump
5.10 Other Types

6 Global Artificial Lift System Market, By Well Type
6.1 Introduction
6.2 Horizontal
6.3 Vertical

7 Global Artificial Lift System Market, By Component
7.1 Introduction
7.2 Pump Jack
7.3 Pump
7.4 Sucker rod
7.5 Motor
7.6 Cable
7.7 Separator
7.8 Other Components

8 Global Artificial Lift System Market, By Mechanism
8.1 Introduction
8.2 Gas Assisted
8.3 Pump Assisted

9 Global Artificial Lift System Market, By Application
9.1 Introduction
9.2 Onshore
9.3 Offshore

10 Global Artificial Lift System 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 Apergy
12.2 General Electric Company
12.3 Weatherford International Ltd
12.4 Borets Company
12.5 Schlumberger
12.6 Halliburton
12.7 Baker Hughes Company
12.8 Hitachi
12.9 Mitsubishi Heavy Industries Compressor Corporation
12.10 Atlas Copco Energas GmbH
12.11 Oil Dynamics GmbH
12.12 Dover Corporation

List of Tables
1 Global Artificial Lift System Market Outlook, By Region (2020-2028) ($MN)
2 Global Artificial Lift System Market Outlook, By Type (2020-2028) ($MN)
3 Global Artificial Lift System Market Outlook, By Rod lift (2020-2028) ($MN)
4 Global Artificial Lift System Market Outlook, By Electrical Submersible Pump (ESP) (2020-2028) ($MN)
5 Global Artificial Lift System Market Outlook, By Progressive Cavity Pump (PCP) (2020-2028) ($MN)
6 Global Artificial Lift System Market Outlook, By Gas Lift (2020-2028) ($MN)
7 Global Artificial Lift System Market Outlook, By Plunger Lift (2020-2028) ($MN)
8 Global Artificial Lift System Market Outlook, By Hydraulic Pumps (2020-2028) ($MN)
9 Global Artificial Lift System Market Outlook, By Pressurized Water Reactor (PWR) (2020-2028) ($MN)
10 Global Artificial Lift System Market Outlook, By Jet pump (2020-2028) ($MN)
11 Global Artificial Lift System Market Outlook, By Other Types (2020-2028) ($MN)
12 Global Artificial Lift System Market Outlook, By Well Type (2020-2028) ($MN)
13 Global Artificial Lift System Market Outlook, By Horizontal (2020-2028) ($MN)
14 Global Artificial Lift System Market Outlook, By Vertical (2020-2028) ($MN)
15 Global Artificial Lift System Market Outlook, By Component (2020-2028) ($MN)
16 Global Artificial Lift System Market Outlook, By Pump Jack (2020-2028) ($MN)
17 Global Artificial Lift System Market Outlook, By Pump (2020-2028) ($MN)
18 Global Artificial Lift System Market Outlook, By Sucker rod (2020-2028) ($MN)
19 Global Artificial Lift System Market Outlook, By Motor (2020-2028) ($MN)
20 Global Artificial Lift System Market Outlook, By Cable (2020-2028) ($MN)
21 Global Artificial Lift System Market Outlook, By Separator (2020-2028) ($MN)
22 Global Artificial Lift System Market Outlook, By Other Components (2020-2028) ($MN)
23 Global Artificial Lift System Market Outlook, By Mechanism (2020-2028) ($MN)
24 Global Artificial Lift System Market Outlook, By Gas Assisted (2020-2028) ($MN)
25 Global Artificial Lift System Market Outlook, By Pump Assisted (2020-2028) ($MN)
26 Global Artificial Lift System Market Outlook, By Application (2020-2028) ($MN)
27 Global Artificial Lift System Market Outlook, By Onshore (2020-2028) ($MN)
28 Global Artificial Lift System Market Outlook, By Offshore (2020-2028) ($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.

For more details about research methodology, kindly write to us at

Frequently Asked Questions

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: 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: 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 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.

Request Customization

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 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.


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.