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Artificial Lift Market by Mechanism & Types - Global Trends & Forecasts to 2019 - Product Image

Artificial Lift Market by Mechanism & Types - Global Trends & Forecasts to 2019

  • ID: 2503353
  • December 2014
  • Region: Global
  • 198 Pages
  • Markets and Markets
The artificial lift market size is projected to grow at a CAGR of 9.6% during the forecast period.

FEATURED COMPANIES

  • Baker Hughes Incorporated
  • Borets International Ltd.
  • Dover Corporation
  • Flotek Industries, Inc.
  • General Electric Company
  • Halliburton Company
  • MORE

This report provides a detailed analysis of the artificial lift market, which is growing in sync with the need for higher production from maturing fields, better recovery rates, and increasing unconventional production activities. The market has been regionally segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South & Central America. The market has been further segmented as per the mechanism of artificial lift that has been deployed, such as positive displacement and dynamic displacement. This report provides market share and size of the artificial lift market, segmented according to its type (rod lift, ESP, PCP, Gas lift, and others) as well.

This report provides a qualitative analysis of the leading players in the artificial lift industry, with a clear insight and analysis on the development strategies adopted and preferred by them. The report also includes a chronology of the developments with respect to contracts and agreements, mergers and acquisitions, new product launches, and expansions. Market dynamics in terms of market drivers, restraints, opportunities, burning issues, and industry trends have also been discussed in detail READ MORE >

Note: Product cover images may vary from those shown
The artificial lift market size is projected to grow at a CAGR of 9.6% during the forecast period.

FEATURED COMPANIES

  • Baker Hughes Incorporated
  • Borets International Ltd.
  • Dover Corporation
  • Flotek Industries, Inc.
  • General Electric Company
  • Halliburton Company
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Package Size
1.7 Limitations
1.8 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 Primary Interviews
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Rise in Crude Oil Production
2.2.3 Increasing Capital Spending on Exploration & Production Activities
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions & Limitations
2.5.1 Assumptions
2.5.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 U.S. & Russia: Fastest Growing Markets During the Forecast Period for the Artificial Lift System
4.2 ESP & ROD Lift Dominated the Artificial Lift Market in 2013
4.3 North America & Europe Will Be Major Revenue Pockets for the Artificial Lift Market By 2019
4.4 Artificial Lift Market: Developed vs. Developing Nations
4.5 Artificial Lift Market Size, By Type, 2019
4.6 Life Cycle Analysis, By Region

5 Market Overview
5.1 Market Evolution
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Mechanism
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Heavy Oil Production
5.3.1.2 Rising Shale Gas Production
5.3.1.3 Deep & Ultra-Deep Drilling Activities
5.3.2 Restraint
5.3.2.1 Lack of Industry Professionals
5.3.3 Opportunities
5.3.3.1 Reclamation and Redevelopment of Field
5.3.3.2 Growing Subsea Operations
5.3.4 Challenge
5.3.4.1 Application of Artificial Lift in Horizontal Wells

6 Industry Trends
6.1 Value Chain Analysis
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.1.1 High Capital Requirement
6.2.1.2 High Product Differentiation
6.2.2 Threat of Substitutes
6.2.2.1 No Major Substitute Available
6.2.3 Bargaining Power of Suppliers
6.2.3.1 Low Cost of Switching Suppliers
6.2.3.2 Non-Concentration of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.4.1 Ability of Buyers to Integrate Backwards
6.2.4.2 Concentration of Buyers in the Market
6.2.5 Intensity of Rivalry
6.2.5.1 Many Equally Sized Competitors

7 Artificial Lift Market, By Mechanism
7.1 Introduction
7.2 Positive Displacement
7.3 Dynamic Displacement
7.4 Gas Assisted
7.5 Regional Overview
7.5.1 Asia-Pacific
7.5.2 Europe
7.5.3 Middle East & Africa
7.5.4 North America
7.5.5 South & Central America

8 Artificial Lift Market, By Type
8.1 Introduction
8.2 Market Estimates, By Type
8.2.1 ROD Lift
8.2.2 Electrical Submersible Pump (ESP)
8.2.3 Progressive Cavity Pump (PCP)
8.2.4 Gas Lift
8.2.5 Others
8.3 Regional Artificial Lift Market, By Type
8.3.1 Asia-Pacific
8.3.1.1 ROD Lift
8.3.1.2 ESP
8.3.2 Europe
8.3.2.1 ROD Lift
8.3.2.2 ESP
8.3.3 Middle East & Africa
8.3.3.1 ROD Lift
8.3.3.2 ESP
8.3.4 North America
8.3.4.1 ROD Lift
8.3.4.2 ESP
8.3.5 South & Central America
8.3.5.1 ROD Lift
8.3.5.2 ESP

9 Artificial Lift Market, By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 South & Central America
9.3.1 Venezuela
9.3.2 Brazil
9.3.3 Mexico
9.3.4 Colombia
9.3.5 Ecuador
9.3.6 Others
9.4 Europe
9.4.1 Russia
9.4.2 U.K.
9.4.3 Norway
9.4.4 Others
9.5 Asia-Pacific
9.5.1 China
9.5.2 Malaysia
9.5.3 India
9.5.4 Indonesia
9.5.5 Others
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Oman
9.6.4 Kuwait
9.6.5 Nigeria
9.6.6 Angola
9.6.7 Others

10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis
10.3 Competitive Situation & Trends
10.4 Contracts & Agreements (Including Partnerships/Joint Ventures/Collaborations)
10.5 Mergers & Acquisitions
10.6 Expansions
10.7 New Product Launches

11 Company Profiles
11.1 Introduction
11.2 Baker Hughes Incorporated
11.2.1 Business Overview
11.2.2 Product Portfolio
11.2.3 Key Strategies
11.2.4 Developments, 2013-2014
11.2.5 Baker Hughes: SWOT Analysis
11.2.6 MNM View
11.3 General Electric Company
11.3.1 Business Overview
11.3.2 Product Portfolio
11.3.3 Key Strategies
11.3.4 Developments, 2011-2014
11.3.5 General Electric: SWOT Analysis
11.3.6 MNM View
11.4 Halliburton Company
11.4.1 Business Overview
11.4.2 Product Portfolio
11.4.3 Key Strategies
11.4.4 Developments, 2012-2014
11.4.5 Halliburton: SWOT Analysis
11.4.6 MNM View
11.5 National Oilwell Varco, Inc.
11.5.1 Business Overview
11.5.2 Product Portfolio
11.5.3 Key Strategies
11.5.4 Developments, 2013-2014
11.5.5 National Oilwell Varco: SWOT Analysis
11.5.6 MNM View
11.6 Schlumberger Limited
11.6.1 Business Overview
11.6.2 Product Portfolio
11.6.3 Key Strategies
11.6.4 Developments, 2010-2014
11.6.5 Schlumberger: SWOT Analysis
11.6.6 MNM View
11.7 Weatherford International Ltd.
11.7.1 Business Overview
11.7.2 Product Portfolio
11.7.3 Key Strategies
11.7.4 Developments, 2013-2014
11.7.5 Weatherford International: SWOT Analysis
11.7.6 MNM View
11.8 Cameron International Corporation
11.8.1 Business Overview
11.8.2 Product Portfolio
11.8.3 Key Strategies
11.8.4 Developments, 2012-2014
11.9 Dover Corporation
11.9.1 Business Overview
11.9.2 Product Portfolio
11.9.3 Key Strategies
11.9.4 Developments, 2012-2014
11.10 Flotek Industries, Inc.
11.10.1 Business Overview
11.10.2 Product Offerings
11.10.3 Key Strategies
11.10.4 Developments, 2014-2011
11.11 Tenaris S.A.
11.11.1 Business Overview
11.11.2 Product Portfolio
11.11.3 Key Strategies
11.11.4 Developments, 2012-2014
11.12 Borets International Ltd.
11.12.1 Business Overview
11.12.2 Product Portfolio
11.12.3 Key Strategies
11.12.4 Developments, 2013-2014
11.13 John Crane Group
11.13.1 Business Overview
11.13.2 Product Portfolio
11.13.3 Key Strategies
11.13.4 Developments, 2012-2014
11.14 J&J Technical Services, LLC
11.14.1 Business Overview
11.14.2 Products & Services
11.14.3 Key Strategies
11.14.4 Developments, 2011-2014

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Introducing RT: Real Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports

List of Tables (91 Tables)

Table 1 Increasing Heavy Oil & Shale Gas Production Are Propelling the Growth of the Artificial Lift Market
Table 2 Lack of Industry Professionals Restrain Market Growth
Table 3 Reclamation & Redevelopment of Oilfield & Growing Subsea Operation Are Opportunities for the Artificial Lift Market
Table 4 Application of Artificial Lift in Horizontal Wells is A Challenge
Table 5 Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 6 Positive Displacement Market Size, By Region, 2012-2019 ($Million)
Table 7 Dynamic Displacement Market Size, By Region, 2012-2019 ($Million)
Table 8 Gas Assisted Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 9 Asia-Pacific: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 10 Europe: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 11 Middle East & Africa: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 12 North America: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 13 South & Central America: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 14 Comparison Chart of Lift Types
Table 15 Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 16 ROD Lift: Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 17 ESP: Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 18 PCP: Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 19 Gas Lift : Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 20 Others Market Size, By Region, 2012-2019 ($Million)
Table 21 Asia-Pacific: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 22 Asia-Pacific: ROD Lift Market Size, By Country, 2012 – 2019 ($Million)
Table 23 Asia-Pacific: ESP Market Size, By Country, 2012 – 2019 ($Million)
Table 24 Europe: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 25 Europe: ROD Lift Market Size, By Country, 2012-2019 ($Million)
Table 26 Europe: ESP Market Size, By Country, 2012-2019 ($Million)
Table 27 Middle East & Africa: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 28 Middle East & Africa: ROD Lift Market Size, By Country, 2012 – 2019 ($Million)
Table 29 Middle East & Africa: ESP Market Size, By Country, 2012-2019 ($Million)
Table 30 North America: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 31 North America: ROD Lift Market Size, By Country, 2012-2019 ($Million)
Table 32 North America: ESP Market Size, By Country, 2012-2019 ($Million)
Table 33 South & Central America: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 34 South & Central America: ROD Lift Market Size, By Country, 2012-2019 ($Million)
Table 35 South & Central America: ESP Market Size, By Country, 2012-2019 ($Million)
Table 36 Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 37 North America: Oil & Gas Scenario (Volume), 2009 – 2013
Table 38 North America: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 39 U.S.: Oil & Gas Scenario (Volume), 2009 – 2013
Table 40 U.S.: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 41 Canada: Oil & Gas Scenario (Volume), 2009 – 2013
Table 42 Canada: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 43 South & Central America: Oil & Gas Scenario (Volume), 2009 – 2013
Table 44 South & Central America: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 45 Venezuela: Oil & Gas Scenario (Volume), 2009 – 2013
Table 46 Venezuela: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 47 Brazil: Oil & Gas Scenario (Volume), 2009 – 2013
Table 48 Brazil: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 49 Mexico: Oil & Gas Scenario (Volume), 2009 – 2013
Table 50 Mexico: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 51 Colombia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 52 Colombia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 53 Ecuador: Oil & Gas Scenario (Volume), 2009 – 2013
Table 54 Ecuador: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 55 Others: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 56 Europe: Oil & Gas Scenario, 2009 – 2013
Table 57 Europe: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 58 Russia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 59 Russia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 60 U.K.: Oil & Gas Scenario (Volume), 2009 – 2013
Table 61 U.K.: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 62 Norway: Oil & Gas Scenario (Volume), 2009 – 2013
Table 63 Norway: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 64 Others: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 65 Asia-Pacific: Oil & Gas Scenario (Volume), 2009 – 2013
Table 66 Asia-Pacific: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 67 China: Oil & Gas Scenario (Volume), 2009 – 2013
Table 68 China: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 69 Malaysia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 70 Malaysia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 71 India: Oil & Gas Scenario (Volume), 2009 – 2013
Table 72 India: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 73 Indonesia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 74 Indonesia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 75 Others: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 76 Middle East & Africa: Oil & Gas Scenario (Volume), 2009 – 2013
Table 77 Middle East & Africa: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 78 UAE.: Oil & Gas Scenario (Volume), 2009 – 2013
Table 79 UAE: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 80 Saudi Arabia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 81 Saudi Arabia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 82 Oman: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 83 Kuwait: Oil & Gas Scenario (Volume), 2009 – 2013
Table 84 Kuwait: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 85 Nigeria: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 86 Angola: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 87 Others: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 88 Contracts & Agreements (Including Partnerships/Joint Ventures/Collaborations), 2011–2014
Table 89 Mergers & Acquisitions, 2011-2014
Table 90 Expansions, 2011-2014
Table 91 New Product Launches, 2011-2014

List of Figures (62 Figures)

Figure 1 Markets Covered: Artificial Lift Market
Figure 1 Artificial Lift Market: Research Design
Figure 2 Crude Oil Production Has Increased By 3 Million BPD in the Past Five Years
Figure 3 Currently, Almost One Million Producing Oil Wells Present in the World
Figure 4 Capital Spending on Exploration & Production Activities to Exceed $700 Billion in 2014
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Data Triangulation Methodology
Figure 7 Global Producing Well Count, 2013
Figure 8 Snapshot: ESP Market to Almost Double Between 2014 & 2019
Figure 9 North America Dominated the Artificial Lift Market in 2013
Figure 10 ESP & ROD Lift Are the Most Promising Future Markets
Figure 11 Positive Displacement Mechanism to Lead the Artificial Lift Market
Figure 12 Cameron International Most Active in Signing Contracts and Agreements, 2011-2014
Figure 13 Attractive Market Opportunities in the Artificial Lift Market
Figure 14 Artificial Lift Market Share, By Top 10 Country, 2013 ($Million)
Figure 15 ESP Dominated the Artificial Lift Market in 2013 ($Million)
Figure 16 North America and Europe Are the Largest Artificial Lift Market
Figure 17 U.S. is the Largest Artificial Lift Market Between 2014 - 2019
Figure 18 Artificial Lift Market Size (Value), By Type, 2019
Figure 19 South & Central America is the Fastest Growing Market
Figure 20 Artificial Lift Increasingly Becoming A Part of Integrated Oilfield Services
Figure 21 Market Segmentation of Artificial Lift
Figure 22 Segmentation of the Artificial Lift Market, By Type
Figure 23 Segmentation of the Artificial Lift Market, By Mechanism
Figure 24 Segmentation of the Artificial Lift Market, By Region
Figure 25 Market Dynamics of Artificial Lift
Figure 26 Projected Heavy Oil Reserve By Major Country, 2014
Figure 27 Shale Gas Production From 2011 to 2020
Figure 28 Value Chain Analysis: Major Value is Added During Operation & After-Sales Phase
Figure 29 Porter’s Five Forces Analysis: Intensity of Rivalry is High in the Artificial Lift Market
Figure 30 Artificial Lift Market Share (Value), By Mechanism, 2013
Figure 31 Artificial Lift Market, By Mechanism, 2014-2019
Figure 32 Positive Displacement Would Drive the Growth of the Artificial Lift Market
Figure 33 Positive Displacement Mechanism Market Share, By Region, 2013
Figure 34 Dynamic Displacement Market Share, By Region, 2013
Figure 35 Gas Assisted Artificial Lift Market Share, By Region, 2013
Figure 36 Artificial Lift Market Share (Value), By Lift Type, 2013
Figure 37 ROD Lift and ESP Are Growing Fast Between 2014 and 2019
Figure 38 Artificial Lift Market Share (Value), By Region, 2013
Figure 39 Regional snapshot – Rapid Grow thing Countries of Artificial Lift Market between 2014-2019
Figure 40 North America is Expected to Dominate the Artificial Lift Market From 2014 to 2019
Figure 41 South & Central America is the Highest Growing Region in the Artificial Lift Market
Figure 42 Oman: Oil & Gas Scenario (Volume), 2009 – 2013
Figure 43 Nigeria: Oil & Gas Scenario (Volume), 2009 – 2013
Figure 44 Angola: Oil & Gas Scenario (Volume), 2009 – 2013
Figure 45 Companies Adopted Various Growth Strategies in the Past Three Years
Figure 46 National Oilwell Varco Grew at the Highest Rate During 2010-2013
Figure 47 Battle for Market Share: Contracts & Agreements is the Key Growth Strategy
Figure 48 Artificial Lift Market Share, By Key Player, 2013
Figure 49 Regional Revenue Mix of the Top 5 Market Players
Figure 50 Baker Hughes Incorporated: Business Overview
Figure 51 General Electric Company: Business Overview
Figure 52 Halliburton Company: Business Overview
Figure 53 National Oilwell Varco: Business Overview
Figure 54 Schlumberger Limited: Business Overview
Figure 55 Weatherford International: Business Overview
Figure 56 Cameron International: Business Overview
Figure 57 Dover Corporation: Business Overview
Figure 58 Flotek Industries: Business Overview
Figure 59 Tenaris: Business Overview
Figure 60 Borets International Ltd: Business Overview
Figure 61 John Crane: Business Overview
Figure 62 J&J Technical Services: Business Overview

Note: Product cover images may vary from those shown
The artificial lift market size is projected to grow at a CAGR of 9.6% during the forecast period.

FEATURED COMPANIES

  • Baker Hughes Incorporated
  • Borets International Ltd.
  • Dover Corporation
  • Flotek Industries, Inc.
  • General Electric Company
  • Halliburton Company
  • MORE

The artificial lift market is expected to grow at a CAGR of 9.6% from 2014 to 2019. The global artificial lift market is driven by an evergreen demand for energy substantiated by the usage of hydrocarbon resources. The intensive measures taken by key players in the E&P sector to improve production capacities in both green and brown fields support the need for artificial lifts. The applicability of these lifts in a wide range of production activities and the increase in yields make these a pivoting part in production activities.

Artificial lifts have become a pivoting part of the crude production process, increasing crude oil production efficiency. The primary drivers of the artificial lift market are increasing deep & ultra-deep offshore, heavy & extra heavy oil production, and maturing oil fields.

The artificial lift market segments by mechanism include Positive Displacement, Dynamic Displacement and Gas assisted. The market segments for type includes Rod Lift, Electrical Submersible Pump (ESP), Progressive Cavity Pump (PCP), Gas Lift and Others. The regional segmentation includes value and volume for Asia-Pacific, North America, Europe, South and Central America and the Middle East and Africa.

The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past three years. Market drivers, restraints, opportunities, burning issues and latest industry trends of the market are discussed in detail. The leading players in the market such as Baker Hughes Inc. (U.S.), Schlumberger Ltd (U.S.), Weatherford International Ltd (Switzerland), Halliburton (U.S.), National Oilwell Varco (U.S.), Borets (Russia), Cameron International (U.S.) and Tenaris S.A. (Luxembourg) and others have been profiled in this report.

In 2014, North America is estimated to be the largest market for artificial lift and is expected to remain so in 2019. The key players of artificial lift market undertake various contracts and agreements (including joint ventures, collaborations and partnerships) to increase their share in the market. The most number of market developments have been recorded in the North American region. The leading artificial lift companies are expanding rapidly in fast-growing markets like South and Central America and Asia-Pacific by opening new sales and service facilities, expanding manufacturing capacity and establishing specialized research and development centers.

South and Central America has emerged as the fastest growing market during the forecast period of 2014 to 2019, expanding at a CAGR of 10.2%, followed by Middle East and Africa at 10.1% and Asia-Pacific at 10%.

Note: Product cover images may vary from those shown
The artificial lift market size is projected to grow at a CAGR of 9.6% during the forecast period.

- Baker Hughes Incorporated
- Borets International Ltd.
- Cameron International Corporation
- Dover Corporation
- Flotek Industries, Inc.
- General Electric Company
- Halliburton Company
- J&J Technical Services, LLC
- John Crane Group
- National Oilwell Varco, Inc.
- Schlumberger Limited
- Tenaris S.A.
- Weatherford International Ltd.

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

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