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Artificial Lift Market by Type (Electrical Submersible Pumps, Rod Lift, Progressive Cavity Pumps, Gas Lift, and Others), Mechanism (Pump Assisted and Gas Assisted), Application (Onshore and Offshore), and Region - Global Forecasts to 2021

  • ID: 3947408
  • Report
  • October 2016
  • Region: Global
  • 146 Pages
  • Markets and Markets
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The Global Artificial Lift Market is Projected to Grow at a CAGR of 4.91% from 2016 to 2021, to Reach a Market Size of USD 9.69 Billion

FEATURED COMPANIES

  • Baker Hughes Incorporated
  • Dover Corporation
  • Flotek Industries, Inc.
  • General Electric Company
  • Halliburton Company
  • J J Tech
  • MORE

The artificial lift market is projected to reach USD 9.69 billion by 2021, growing at a CAGR of 4.91% from 2016 to 2021. Artificial lift systems are used in onshore and offshore applications. Production activities in oil rich countries and increasing shale gas production in North America and the Asia-Pacific regions are expected to drive the artificial lift market. The lack of skilled labour is likely to hinder market growth of artificial lift systems, as implementation of artificial lift methods require knowledge of various parameters such as well bore geometry, bottom hole pressure, and so on.

Based on type of artificial lift systems, the electrical submersible pumps segment is estimated to be the fastest growing market from 2016 to 2021. These pumps are used in low-sand oilfields, low-carbonate reservoirs, and highly deviated wells. Also, these pumps are usually used for offshore applications due to their ability to handle high-volume wells. The production efficiency of ESP is sustained even at depths of about 4,000 m. Its sustained performance and high operating volumes provides it a competitive edge over the other pumps. 

North America is currently the largest market for artificial lifts, followed by Europe and the Asia-Pacific. The North American market is driven by presence of large number of mature oilfields and increasing shale gas production in the region. The market in the North American region is projected to grow at a moderate rate, with the U.S. expected to dominate the market. The rod lift method is the major artificial lift method used in North America because of its onshore production capabilities.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 60%, Tier 2- 30%, Tier 3- 10%
  • By Designation: C-Level- 30%, D-Level- 60%, Others- 10%
  • By Region: North America- 30%, Asia-Pacific- 40%, Europe- 10%, Rest of the World- 20%

The leading players in the artificial lift market include Schlumberger Limited (U.S.), Weatherford International plc (U.S.), Baker Hughes Incorporated (U.S.), General Electric Company (U.S.), and Halliburton Company (U.S.).

Scope of the Report:

By Type

The artificial lift market has been segmented based on type into electrical submersible pumps, rod lift, progressive cavity pumps, gas lift, and others. Others include hydraulic pumping systems and plunger lift.

By Mechanism

The artificial lift market has been segmented based on mechanism into pump assisted and gas assisted. The pump assisted segment further includes positive displacement and dynamic displacement.

By Application

The artificial lift market has been segmented based on application into onshore and offshore

By Region

The global artificial lift market is analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South & Central America, and the Middle East & Africa.

Why buy this report?

1. The report identifies and addresses key markets for artificial lift, which would help suppliers review the growth in the demand for the product.
2. The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baker Hughes Incorporated
  • Dover Corporation
  • Flotek Industries, Inc.
  • General Electric Company
  • Halliburton Company
  • J J Tech
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Artificial Lift Market: Market Segmentation
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary
3.1 Introduction
3.2 Historical Backdrop, Evolution, & Current Scenario
3.3 Future Outlook
3.4 Conclusion

4 Premium Insights
4.1 North America is Expected to Hold the Largest Market Share During the Forecast Period
4.2 Artificial Lift Market, By Application
4.3 Artificial Lift Market, By Type
4.4 Artificial Lift Market, By Mechanism
4.5 North America: Artificial Lift Market

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Mechanism
5.2.3 By Application
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Heavy Oil Production
5.3.1.2 Increasing Shale Gas Production
5.3.2 Restraints
5.3.2.1 Lack of Skilled Labor
5.3.3 Opportunities
5.3.3.1 Redevelopment of Mature Fields
5.3.3.2 Growing Subsea Operations
5.3.4 Challenges
5.3.4.1 Application of Artificial Lift in Horizontal Wells
5.4 Value Chain Analysis

6 Artificial Lift Market, By Type
6.1 Introduction
6.2 Electrical Submersible Pumps
6.3 Rod Lift
6.4 Progressive Cavity Pumps
6.5 Gas Lift
6.6 Others

7 Artificial Lift Market, By Mechanism
7.1 Introduction
7.2 Pump Assisted
7.2.1 Positive Displacement
7.2.2 Dynamic Displacement
7.3 Gas Assisted

8 Artificial Lift Market, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Russia
8.3.2 U.K.
8.3.3 Norway
8.3.4 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 Indonesia
8.4.3 Malaysia
8.4.4 India
8.4.5 Rest of Asia-Pacific
8.5 South & Central America
8.5.1 Venezuela
8.5.2 Brazil
8.5.3 Mexico
8.5.4 Colombia
8.5.5 Ecuador
8.5.6 Rest of South & Central America
8.6 Middle East & Africa
8.6.1 Angola
8.6.2 Oman
8.6.3 Nigeria
8.6.4 Kuwait
8.6.5 Saudi Arabia
8.6.6 UAE
8.6.7 Rest of the Middle East & Africa

9 Competitive Landscape
9.1 Overview
9.2 Competitive Situation & Trends
9.3 Contracts & Agreements
9.4 New Product Developments
9.5 Expansions
9.6 Mergers & Acquisitions
9.7 Other Developments

10 Company Profiles
10.1 Introduction
10.2 Schlumberger Limited
10.2.1 Business Overview
10.2.2 Products/Services Offered
10.2.3 Developments, 2016
10.2.4 SWOT Analysis
10.2.5 MnM View
10.3 Weatherford International PLC
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 Developments, 2014-2016
10.3.4 SWOT Analysis
10.3.5 MnM View
10.4 Baker Hughes Incorporated
10.4.1 Business Overview
10.4.2 Products/Services Offered
10.4.3 Developments, 2015-2016
10.4.4 SWOT Analysis
10.4.5 MnM View
10.5 General Electric Company
10.5.1 Business Overview
10.5.2 Products/Services Offered
10.5.3 Developments, 2015-2016
10.5.4 SWOT Analysis
10.5.5 MnM View
10.6 Halliburton Company
10.6.1 Business Overview
10.6.2 Products/Services Offered
10.6.3 Developments, 2014-2016
10.6.4 SWOT Analysis
10.6.5 MnM View
10.7 National Oilwell Varco, Inc.
10.7.1 Business Overview
10.7.2 Products/Services Offered
10.7.3 Developments, 2013-2016
10.7.4 SWOT Analysis
10.7.5 MnM View
10.8 Borets International Limited
10.8.1 Business Overview
10.8.2 Products/Services Offered
10.8.3 Developments, 2012-2016
10.9 Dover Corporation
10.9.1 Business Overview
10.9.2 Products/Services Offered
10.9.3 Developments, 2012-2016
10.10 Flotek Industries, Inc.
10.10.1 Business Overview
10.10.2 Products/Services Offered
10.10.3 Developments, 2013-2015
10.11 J J Tech
10.11.1 Business Overview
10.11.2 Products/Services Offered
10.11.3 Developments, 2013-2016
10.12 John Crane Group
10.12.1 Business Overview
10.12.2 Products/Services Offered
10.12.3 Developments, 2013-2015

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide

List of Tables

Table 1 Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 2 Electrical Submersible Pumps: Artificial Lift Market Size, By Region, 2014-2021 (USD Million)
Table 3 Rod Lift: Artificial Lift Market Size, By Region, 2014-2021 (USD Million)
Table 4 Progressive Cavity Pumps: Artificial Lift Market Size, By Region, 2014-2021 (USD Million)
Table 5 Gas Lift: Artificial Lift Market Size, By Region, 2014-2021 (USD Million)
Table 6 Others: Artificial Lift Market Size, By Region, 2014-2021 (USD Million)
Table 7 Artificial Lift Market Size, By Mechanism, 2014-2021 (USD Million)
Table 8 Artificial Lift Market Size, By Pump Assisted Mechanism, 2014-2021 (USD Million)
Table 9 Pump Assisted: Artificial Lift Market Size, By Region, 2014-2021 (USD Million )
Table 10 Positive Displacement: Artificial Lift Market Size, By Region, 2014-2021 (USD Million )
Table 11 Dynamic Displacement: Artificial Lift Market Size, By Region, 2014-2021 (USD Million )
Table 12 Gas Assisted: Artificial Lift Market Size, By Region, 2014-2021 (USD Million)
Table 13 Artificial Lift Market Size, By Region, 2014-2021 (USD Million)
Table 14 North America: Artificial Lift Market Size, By Country, 2014-2021 (USD Million)
Table 15 North America: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 16 North America: Artificial Lift Market Size, By Mechanism, 2014-2021 (USD Million)
Table 17 North America: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014-2021 (USD Million)
Table 18 North America: Artificial Lift Market Size, By Application, 2014-2021 (USD Million)
Table 19 U.S.: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 20 Canada: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 21 Europe: Artificial Lift Market Size, By Country, 2014-2021 (USD Million)
Table 22 Europe: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 23 Europe: Artificial Lift Market Size, By Mechanism, 2014-2021 (USD Million)
Table 24 Europe: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014-2021 (USD Million)
Table 25 Europe: Artificial Lift Market Size, By Application, 2014-2021 (USD Million)
Table 26 Russia: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 27 U.K.: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 28 Norway: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 29 Rest of Europe: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 30 Asia-Pacific: Artificial Lift Market Size, By Country, 2014-2021 (USD Million)
Table 31 Asia-Pacific: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 32 Asia-Pacific: Artificial Lift Market Size, By Mechanism, 2014-2021 (USD Million)
Table 33 Asia-Pacific: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014-2021 (USD Million)
Table 34 Asia-Pacific: Artificial Lift Market Size, By Application, 2014-2021 (USD Million)
Table 35 China: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 36 Indonesia: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 37 Malaysia: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 38 India: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 39 Rest of Asia-Pacific: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 40 South & Central America: Artificial Lift Market Size, By Country, 2014-2021 (USD Million)
Table 41 South & Central America: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 42 South & Central America: Artificial Lift Market Size, By Mechanism, 2014-2021 (USD Million)
Table 43 South & Central America: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014-2021 (USD Million)
Table 44 South & Central America: Artificial Lift Market Size, By Application, 2014-2021 (USD Million)
Table 45 Venezuela: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 46 Brazil: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 47 Mexico: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 48 Colombia: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 49 Ecuador: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 50 Rest of South & Central America: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 51 Middle East & Africa: Artificial Lift Market Size, By Country, 2014-2021 (USD Million)
Table 52 Middle East & Africa: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 53 Middle East & Africa: Artificial Lift Market Size, By Mechanism, 2014-2021 (USD Million)
Table 54 Middle East & Africa: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014-2021 (USD Million)
Table 55 Middle East & Africa: Artificial Lift Market Size, By Application, 2014-2021 (USD Million)
Table 56 Angola: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 57 Oman: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 58 Nigeria: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 59 Kuwait: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 60 Saudi Arabia: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 61 UAE: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 62 Rest of the Middle East & Africa: Artificial Lift Market Size, By Type, 2014-2021 (USD Million)
Table 63 Contracts & Agreements, 2016
Table 64 New Product Developments, 2015-2016
Table 65 Expansions, 2014-2016
Table 66 Mergers & Acquisitions, 2014-2016
Table 67 Other Developments, 2012-2016

List of Figures

Figure 1 Artificial Lift Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 North America Accounted for the Largest Market Share in the Artificial Lift Market in 2015
Figure 7 ESP Segment is Expected to Dominate the Artificial Lift Market During the Forecast Period
Figure 8 Pump Assisted Segment is Expected to Witness the Maximum Demand During the Forecast Period
Figure 9 North America is Projected to Dominate the Artificial Lift Market, 2016-2021
Figure 10 Onshore Segment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 11 Top Market Developments (2012-2016)
Figure 12 Attractive Market Opportunities in the Artificial Lift Market, 2016-2021
Figure 13 The Artificial Lift Market in Middle East & Africa is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 14 Onshore Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 15 Demand From the Electrical Submersible Pumps Segment is Expected to Dominate the Artificial Lift Market, 2016-2021
Figure 16 Gas Assisted Mechanism Segment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 17 U.S. Accounted for the Largest Share in the North American Artificial Lift Market in 2015
Figure 18 Artificial Lift Market Segmentation
Figure 19 Artificial Lift Market, By Type
Figure 20 Artificial Lift Market, By Mechanism
Figure 21 Artificial Lift Market, By Application
Figure 22 Artificial Lift Market, By Region
Figure 23 Market Dynamics: Artificial Lift Market
Figure 24 Recoverable Heavy Oil Resources By Major Countries, 2015
Figure 25 Shale Gas Production in Key Countries, 2015
Figure 26 Value Chain Analysis: Major Value is Added During Operation & After Sales Phase
Figure 27 Comparison Chart of Lift Types
Figure 28 Electrical Submersible Pumps Segment is Expected to Dominate the Market With the Maximum Share During the Forecast Period
Figure 29 Pump Assisted Segment is Expected to Be the Largest Artificial Market During the Forecast Period
Figure 30 Regional Snapshot (2015): Growing Markets are Emerging as New Hotspots
Figure 31 Middle East & Africa: the Fastest Growing Artificial Lift Market, 2016-2021
Figure 32 North America: Artificial Lift Market Overview
Figure 33 Europe: Artificial Lift Market Overview
Figure 34 Companies Adopted Contracts & Agreements as the Key Growth Strategy, 2012-2016
Figure 35 Market Share Analysis, 2015
Figure 36 Market Evaluation Framework, 2012-2016
Figure 37 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2012-2016
Figure 38 Regional Revenue Mix of Top 5 Market Players
Figure 39 Schlumberger Limited: Company Snapshot
Figure 40 Schlumberger Limited: SWOT Analysis
Figure 41 Weatherford International PLC: Company Snapshot
Figure 42 Weatherford International PLC: SWOT Analysis
Figure 43 B Aker Hughes Incorporated: Company Snapshot
Figure 44 B Aker Hughes Incorporated: SWOT Analysis
Figure 45 General Electric Company: Company Snapshot
Figure 46 General Electric Company: SWOT Analysis
Figure 47 Halliburton Company: Company Snapshot
Figure 48 Halliburton Company: SWOT Analysis
Figure 49 National Oilwell Varco, Inc.: Company Snapshot
Figure 50 National Oilwell Varco, Inc.: SWOT Analysis
Figure 51 Borets International Limited: Company Snapshot
Figure 52 Dover Corporation: Company Snapshot
Figure 53 Flotek Industries, Inc.: Company Snapshot
Figure 54 JJ Tech: Company Snapshot
Figure 55 John Crane Group: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baker Hughes Incorporated
  • Dover Corporation
  • Flotek Industries, Inc.
  • General Electric Company
  • Halliburton Company
  • J J Tech
  • MORE

The global artificial lift market is projected to grow at a CAGR of 4.91% from 2016 to 2021, to reach a market size of USD 9.69 Billion by 2021. This growth is attributed to increasing oil & gas production from unconventional resources such as shale gas, heavy oil, and tight oil.

The report segments the artificial lift market on the basis of mechanism into pump assisted and gas assisted. The pump assisted segment is projected to dominate the artificial lift market.

The artificial lift market is segmented based on type into electrical submersible pumps, rod lift, progressive cavity pumps, gas lift, and others. Others include hydraulic pumping systems and plunger lift. The electrical submersible pumps sub-segment accounted for the largest market share in 2015 and is expected to grow at the highest CAGR during the forecast period. These pumps are being increasingly adopted due to their sustained performance and high operating volume.

The report segments the artificial lift market based on application into onshore and offshore. The onshore segment is expected to grow at the fastest rate during the forecast period, owing to rising oil & gas production from unconventional resources. In offshore applications, the artificial lift methods are used for subsea production and deepwater gas lift wells in order to enhance the productivity of well. This segment is expected to create new revenue pockets for the artificial lift market during the forecast period.

In this report, the artificial lift market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South & Central America, and the Middle East & Africa. North America is expected to dominate the global artificial lift market during the forecast period, owing to the increasing use of artificial lift systems for shale gas production.

The Middle East & Africa market is projected to grow at the highest CAGR from 2016 to 2021 due to the presence of natural gas reserves and mature fields. Nigeria, Angola, Oman, and Kuwait are expected to drive the artificial lift market in the Middle East & Africa region.

Lack of skilled labour could be a restraint for the artificial lift market. Flow assurance, equipment abrasion, and well integrity are the key challenges for the artificial lift market. So, sound knowledge of parameters such as wellbore geometry, total well depth, and bottom hole pressure is required in order to implement artificial lift techniques. Any failure can delay the production process and can impact the operator’s revenue.

Leading players in the artificial lift market include Schlumberger Limited (U.S.), Weatherford International plc (Switzerland), Baker Hughes Incorporated (U.S.), General Electric Company (U.S.), and Halliburton Company (U.S.). Contracts & agreements was the strategy most commonly adopted by top players in the market from 2012 to 2016. It was followed by new product development, expansions, and mergers & acquisitions.

Note: Product cover images may vary from those shown
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- Baker Hughes Incorporated
- Borets International Limited
- Dover Corporation
- Flotek Industries, Inc.
- General Electric Company
- Halliburton Company
- J J Tech
- John Crane Group
- National Oilwell Varco, Inc.
- Schlumberger Limited
- Weatherford International PLC

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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