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Artificial Lift Market by Type, by Mechanism, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023

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  • 209 Pages
  • May 2018
  • Region: Global
  • Prescient & Strategic Intelligence Private Limited
  • ID: 4600411
Global artificial lift market is projected to reach $10,883.1 million by 2023.

The market growth is mainly driven by the increasing demand for artificial lifts from gas and oil fields and the growing exploration and production (E&P) activities to meet the energy demand.

Insights into market segments

Based on type, the artificial lift market is categorized into electrical submersible pump (ESP), rod lift, progressive cavity pump (PCP), gas lift, and others, where the “others" category includes plunger lift, hydraulic jet pump, and other small lifts. ESP held the largest share, accounting for more than 40.0%, in the market in 2017. This can be mainly attributed to its increased deployment in oils wells and high operational efficiency in environmentally conscious areas.

The artificial lift market is also categorized into pump-assisted and gas-assisted mechanisms. Pump-assisted mechanism is expected to be the faster-growing category, advancing at a CAGR of 5.5% in the market during the forecast period. This can be mainly attributed to its higher adoption rate in these lifts. On the basis of pump-assisted mechanism, the market is further classified into positive displacement and dynamic displacement. Positive displacement held a larger share, of more than 50.0%, in the market in 2017.

The artificial lift market is also bifurcated into onshore and offshore applications. Onshore application held a larger share in the market in 2017, which can be mainly attributed to the presence of a large number of onshore oil wells.

North America is the largest market for artificial lifts

North America held the largest share, of more than 45.0%, in the artificial lift market in 2017. The market growth in the region can be mainly attributed to the declining production from mature conventional fields, presence of a large number of oil reserves in onshore basins, and growing adoption of new technologies in the oil and gas sector.
In North America, the oil industry faces a relentless challenge of meeting high energy demand. With time, the natural pressure in wells reduces, due to which the production declines. In order to maintain the production level, companies in North America are incorporating secondary techniques of extraction, such as artificial lifting. This, in turn, is driving the growth of the artificial lift market in the region.

Recoverable shale gas reserves are expected to provide growth opportunities to the market players

Artificial lifting methods are used in horizontal shale gas-producing wells to lift the accumulated fluid in the well and help achieve operational efficiency. Several countries around the world are testing and evaluating production potential from shale formations in addition to commercially viable production techniques. Currently, the U.S. is the leading country in shale oil and gas production and is therefore generating a huge demand for artificial lifting. Canada, China, and Argentina also produce shale oil. Hence, the growing interest of various countries in shale gas production is expected to create growth opportunities for the players in the artificial lift market.

Globally, the increasing demand for oil and gas and declining onshore production are compelling the operators to increase deepwater activities. Ultra-deepwater activities are majorly conducted in Brazil, West Africa, and the Gulf of Mexico. East Africa is also emerging as a significant deepwater frontier, with sizable discoveries in Mozambique and Tanzania. Some of the reservoirs in these countries are low-pressure reservoirs that require artificial lifting techniques for oil extraction. This, in turn, is boosting the growth of the artificial lift market.

Artificial lift market competitive landscape

Some of the major players operating in the global artificial lift market are Baker Hughes, a GE company; Schlumberger N.V. (Schlumberger Limited); Dover Corporation; Halliburton Company; Borets International Limited; Weatherford International PLC; National Oilwell Varco Inc.; Flotek Industries Inc.; and JJ Tech.

Global Artificial Lift Market Segmentation

By Type

Electrical Submersible Pump (ESP)
Rod Lift
Progressive Cavity Pump (PCP)
Gas Lift

By Mechanism

Pump Assisted
Positive Displacement
Dynamic Displacement
Gas Assisted

By Application


By Region

North America
Rest of Europe
Asia-Pacific (APAC)
Rest of APAC
Rest of the World (RoW)
Saudi Arabia
Rest of RoW

Table of Contents

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type
1.3.2 Market Segmentation By Mechanism
1.3.3 Market Segmentation By Application
1.3.4 Market Segmentation By Geography Analysis Period Market Data Reporting Unit
1.3.5 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents By Region By Industry Participant By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Type Esp Rod Lift Pcp Gas Lift Others
4.1.2 By Mechanism Pump Assisted Positive Displacement Dynamic Displacement Gas Assisted
4.1.3 By Application Onshore Offshore
4.2 Market Dynamics
4.2.1 Trends Increase In Production From Unconventional Oil And Gas Reserves Increasing Adoption Of Smart Artificial Lift Systems
4.2.2 Drivers Increasing Number Of Mature Oil And Gas Fields Increasing Ultradeep And Deepwater Activities Impact Analysis Of Drivers On Market Forecast
4.2.3 Restraint Environmental Concerns Related To Artificial Lift Technologies Impact Analysis Of Restraints On Market Forecast
4.2.4 Opportunity Recoverable Shale Gas Reserves In Various Parts Of The World
4.3 Porter’S Five Forces Analysis
Chapter 5. Global Market Size And Forecast
5.1 By Type
5.2 By Mechanism
5.2.1 Pump Assisted
5.3 By Application
5.4 By Region
Chapter 6. North America Market Size And Forecast
6.1 By Type
6.2 By Mechanism
6.2.1 Pump Assisted
6.3 By Application
6.4 By Country
6.4.1 U.S. By Type By Mechanism Pump Assisted By Application
6.4.2 Canada By Type By Mechanism Pump Assisted By Application
6.4.3 Mexico By Type By Mechanism Pump Assisted By Application
Chapter 7. Europe Market Size And Forecast
7.1 By Type
7.2 By Mechanism
7.2.1 Pump Assisted
7.3 By Application
7.4 By Country
7.4.1 U.K. By Type By Mechanism Pump Assisted By Application
7.4.2 Russia By Type By Mechanism Pump Assisted By Application
7.4.3 Norway By Type By Mechanism Pump Assisted By Application
7.4.4 Rest Of Europe By Type By Mechanism Pump Assisted By Application
Chapter 8. APAC Market Size And Forecast
8.1 By Type
8.2 By Mechanism
8.2.1 Pump Assisted
8.3 By Application
8.4 By Country
8.4.1 China By Type By Mechanism Pump Assisted By Application
8.4.2 Indonesia By Type By Mechanism Pump Assisted By Application
8.4.3 India By Type By Mechanism Pump Assisted By Application
8.4.4 Rest Of APAC By Type By Mechanism Pump Assisted By Application
Chapter 9. ROW Market Size And Forecast
9.1 By Type
9.2 By Mechanism
9.2.1 Pump Assisted
9.3 By Application
9.4 By Country
9.4.1 Brazil By Type By Mechanism Pump Assisted By Application
9.4.2 Venezuela By Type By Mechanism Pump Assisted By Application
9.4.3 Saudi Arabia By Type By Mechanism Pump Assisted By Application
9.4.4 Others By Type By Mechanism Pump Assisted By Application
Chapter 10. Competitive Landscape
10.1 Competitive Benchmarking Of Key Players
10.2 Global Strategic Developments Of Key Players
10.2.1 Product Launches
10.2.2 Mergers And Acquisitions
10.2.3 Other Developments
Chapter 11. Company Profiles
11.1 Baker Hughes, A Ge Company
11.1.1 Business Overview
11.1.2 Product And Service Offerings
11.1.3 Key Financial Summary
11.2 Schlumberger N.V. (Schlumberger Limited)
11.2.1 Business Overview
11.2.2 Product And Service Offerings
11.2.3 Key Financial Summary
11.3 Dover Corporation
11.3.1 Business Overview
11.3.2 Product And Service Offerings
11.3.3 Key Financial Summary
11.4 Halliburton Company
11.4.1 Business Overview
11.4.2 Product And Service Offerings
11.4.3 Key Financial Summary
11.5 Borets International Limited
11.5.1 Business Overview
11.5.2 Product And Service Offerings
11.5.3 Key Financial Summary
11.6 Weatherford International Plc
11.6.1 Business Overview
11.6.2 Product And Service Offerings
11.6.3 Key Financial Summary
11.7 National Oilwell Varco Inc.
11.7.1 Business Overview
11.7.2 Product And Service Offerings
11.7.3 Key Financial Summary
11.8 Flotek Industries Inc.
11.8.1 Business Overview
11.8.2 Product And Service Offerings
11.8.3 Key Financial Summary
11.9 Jj Tech
11.9.1 Business Overview
11.9.2 Product And Service Offerings
Chapter 12. Appendix
12.1 Abbreviations
12.2 Sources And References

Companies Mentioned

  • Baker Hughes

  • a GE company

  • Schlumberger N.V. (Schlumberger Limited)

  • Dover Corporation

  • Halliburton Company

  • Borets International Limited

  • Weatherford International PLC

  • National Oilwell Varco Inc.

  • Flotek Industries Inc.

  • JJ Tech.