Artificial Lift Market Research Report- Forecast till 2030

Artificial Lift Market Research Report: Information by Type (Rod Lift, ESP, PCP, Gas Lift), Mechanism (Pump Assisted, Gas Assisted), Application (Onshore, Offshore) and Region - Forecast till 2030

ID: MRFR/E&P/0455-HCR | August 2022 | Region: Global | 100 Pages         

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market size Estimation

3.4 Forecast Model

3.5 List of Assumptions

4 Market Landscape

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat of New Entrants

5.5.2 Bargaining Power of Buyers

5.5.3 Bargaining Power of Suppliers

5.5.4 Threat of Substitutes

5.5.5 Intensity of Rivalry

5.6 Value Chain/Supply Chain Analysis

6 Global Artificial Lift Market, By Type

6.1 Introduction

6.2 Rod Lift

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, By Region, 2020-2027

6.3 ESP

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, By Region, 2020-2027

6.4 PCP

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, By Region, 2020-2027

6.5 Gas Lift

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast, By Region, 2020-2027

6.6 Others

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast, By Region, 2020-2027

7 Global Artificial Lift Market, By Mechanism

7.1 Introduction

7.2 Pump Assisted

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, By Region, 2020-2027

7.3 Gas Assisted

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, By Region, 2020-2027

8 Global Artificial Lift Market, By Application

8.1 Introduction

8.2 Onshore

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, By Region, 2020-2027

8.3 Offshore

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, By Region, 2020-2027

9 Global Artificial Lift Market, By Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, By Type, 2020-2027

9.2.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.2.3 Market Estimates & Forecast, By Application, 2020-2027

9.2.4 Market Estimates & Forecast, By Country, 2020-2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, By Type, 2020-2027

9.2.5.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.2.5.3 Market Estimates & Forecast, By Application, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, By Type, 2020-2027

9.2.6.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.2.6.3 Market Estimates & Forecast, By Application, 2020-2027

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, By Type, 2020-2027

9.2.7.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.2.7.3 Market Estimates & Forecast, By Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, By Type, 2020-2027

9.3.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.3.3 Market Estimates & Forecast, By Application, 2020-2027

9.3.4 Market Estimates & Forecast, By Country, 2020-2027

9.3.5 Russia

9.3.5.1 Market Estimates & Forecast, By Type, 2020-2027

9.3.5.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.3.5.3 Market Estimates & Forecast, By Application, 2020-2027

9.3.6 UK

9.3.6.1 Market Estimates & Forecast, By Type, 2020-2027

9.3.6.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.3.6.3 Market Estimates & Forecast, By Application, 2020-2027

9.3.7 Norway

9.3.7.1 Market Estimates & Forecast, By Type, 2020-2027

9.3.7.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.3.7.3 Market Estimates & Forecast, By Application, 2020-2027

9.3.8 Rest of Europe

9.3.8.1 Market Estimates & Forecast, By Type, 2020-2027

9.3.8.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.3.8.3 Market Estimates & Forecast, By Application, 2020-2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, By Type, 2020-2027

9.4.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.4.3 Market Estimates & Forecast, By Application, 2020-2027

9.4.4 Market Estimates & Forecast, By Country, 2020-2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, By Type, 2020-2027

9.4.5.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.4.5.3 Market Estimates & Forecast, By Application, 2020-2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, By Type, 2020-2027

9.4.6.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.4.6.3 Market Estimates & Forecast, By Application, 2020-2027

9.4.7 Indonesia

9.4.7.1 Market Estimates & Forecast, By Type, 2020-2027

9.4.7.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.4.7.3 Market Estimates & Forecast, By Application, 2020-2027

9.4.8 Malaysia

9.4.8.1 Market Estimates & Forecast, By Type, 2020-2027

9.4.8.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.4.8.3 Market Estimates & Forecast, By Application, 2020-2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, By Type, 2020-2027

9.4.9.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.4.9.3 Market Estimates & Forecast, By Application, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, By Type, 2020-2027

9.5.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.5.3 Market Estimates & Forecast, By Application, 2020-2027

9.5.4 Market Estimates & Forecast, By Country, 2020-2027

9.5.5 Saudi Arabia

9.5.5.1 Market Estimates & Forecast, By Type, 2020-2027

9.5.5.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.5.5.3 Market Estimates & Forecast, By Application, 2020-2027

9.5.6 UAE

9.5.6.1 Market Estimates & Forecast, By Type, 2020-2027

9.5.6.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.5.6.3 Market Estimates & Forecast, By Application, 2020-2027

9.5.7 Oman

9.5.7.1 Market Estimates & Forecast, By Type, 2020-2027

9.5.7.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.5.7.3 Market Estimates & Forecast, By Application, 2020-2027

9.5.8 Angola

9.5.8.1 Market Estimates & Forecast, By Type, 2020-2027

9.5.8.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.5.8.3 Market Estimates & Forecast, By Application, 2020-2027

9.5.9 Rest of the Middle East & Africa

9.5.9.1 Market Estimates & Forecast, By Type, 2020-2027

9.5.9.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.5.9.3 Market Estimates & Forecast, By Application, 2020-2027

9.6 South America

9.6.1 Market Estimates & Forecast, By Type, 2020-2027

9.6.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.6.3 Market Estimates & Forecast, By Application, 2020-2027

9.6.4 Market Estimates & Forecast, By Country, 2020-2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, By Type, 2020-2027

9.6.5.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.6.5.3 Market Estimates & Forecast, By Application, 2020-2027

9.6.6 Venezuela

9.6.6.1 Market Estimates & Forecast, By Type, 2020-2027

9.6.6.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.6.6.3 Market Estimates & Forecast, By Application, 2020-2027

9.6.7 Ecuador

9.6.7.1 Market Estimates & Forecast, By Type, 2020-2027

9.6.7.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.6.7.3 Market Estimates & Forecast, By Application, 2020-2027

9.6.8 Rest of South America

9.6.8.1 Market Estimates & Forecast, By Type, 2020-2027

9.6.8.2 Market Estimates & Forecast, By Mechanism, 2020-2027

9.6.8.3 Market Estimates & Forecast, By Application, 2020-2027

10 Competitive Landscape

10.1 Competitive Benchmarking of the Global Artificial Lift Market

10.2 Market Share Analysis: Global Artificial Lift Market

10.3 New Product Development in Artificial Lift Market

10.4 Mergers & Acquisitions in Artificial Lift Market

10.5 Partnership/Collaboration/Joint Ventures in Artificial Lift Market

10.6 Contracts & Agreements in Artificial Lift Market

10.7 Expansions & Investments in Artificial Lift Market

11 Company Profile

11.1 Halliburton (US)

11.1.1 Company Overview

11.1.2 Product/Services Offering

11.1.3 Financial Overview

11.1.4 Key Developments

11.1.5 Strategy

11.1.6 SWOT Analysis

11.2 Schlumberger (US)

11.2.1 Company Overview

11.2.2 Product /Services Offering

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 Strategy

11.2.6 SWOT Analysis

11.3 Weatherford (US)

11.3.1 Company Overview

11.3.2 Product /Services Offering

11.3.3 Financial Overview

11.3.4 Key Developments

11.3.5 Strategy

11.3.6 SWOT Analysis

11.4 GE Oil & Gas (US)

11.4.1 Company Overview

11.4.2 Product /Services Offering

11.4.3 Financial Overview

11.4.4 Key Developments

11.4.5 Strategy

11.4.6 SWOT Analysis

11.5 National Oilwell Varco, Inc. (US)

11.5.1 Company Overview

11.5.2 Product /Services Offering

11.5.3 Financial Overview

11.5.4 Key Developments

11.5.5 Strategy

11.5.6 SWOT Analysis

11.6 Borets International Limited (UAE)

11.6.1 Company Overview

11.6.2 Product /Services Offering

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 Strategy

11.6.6 SWOT Analysis

11.7 Dover Corporation (US)

11.7.1 Company Overview

11.7.2 Product /Services Offering

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 Strategy

11.7.6 SWOT Analysis

11.8 Flotek Industries, Inc. (US)

11.8.1 Company Overview

11.8.2 Product /Services Offering

11.8.3 Financial Overview

11.8.4 Key Developments

11.8.5 Strategy

11.8.6 SWOT Analysis

11.9 JJ Tech (US)

11.9.1 Company Overview

11.9.2 Product /Services Offering

11.9.3 Financial Overview

11.9.4 Key Developments

11.9.5 Strategy

11.9.6 SWOT Analysis

11.10 John Crane Group (US)

11.10.1 Company Overview

11.10.2 Product /Services Offering

11.10.3 Financial Overview

11.10.4 Key Developments

11.10.5 Strategy

11.10.6 SWOT Analysis

11.11 AccessESP (US)

11.11.1 Company Overview

11.11.2 Product /Services Offering

11.11.3 Financial Overview

11.11.4 Key Developments

11.11.5 Strategy

11.11.6 SWOT Analysis

11.12 OILSERV (UAE)

11.12.1 Company Overview

11.12.2 Product /Services Offering

11.12.3 Financial Overview

11.12.4 Key Developments

11.12.5 Strategy

11.12.6 SWOT Analysis

 

List of Tables

Table 1 Global Artificial Lift Market, By Region, 2020-2027 (USD Million)

Table 2 North America Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 3 Europe Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 4 Asia-Pacific Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 5 Rest of the World Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 6 Global Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 7 North America Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 8 Europe Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 9 Asia-Pacific Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 10 Rest of the World Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 11 Global Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 12 North America Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 13 Europe Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 14 Asia-Pacific Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 15 Rest of the World Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 16 Global Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 17 North America Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 18 Europe Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 19 Asia-Pacific Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 20 Rest of the World Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 21 Global Artificial Lift Market: By Region, 2020-2027 (USD Million)

Table 22 North America Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 23 North America Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 24 North America Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 25 North America Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 26 US Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 27 US Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 28 US Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 29 Canada Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 30 Canada Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 31 Canada Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 32 Mexico Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 33 Mexico Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 34 Mexico Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 35 Europe Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 36 Europe Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 37 Europe Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 38 Europe Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 39 Russia Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 40 Russia Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 41 Russia Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 42 UK Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 43 UK Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 44 UK Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 45 Norway Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 46 Norway Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 47 Norway Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 48 Rest of Europe Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 49 Rest of Europe Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 50 Rest of Europe Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 51 Asia-Pacific Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 52 Asia-Pacific Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 53 Asia-Pacific Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 54 Asia-Pacific Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 55 China Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 56 China Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 57 China Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 58 India Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 59 India Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 60 India Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 61 Indonesia Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 62 Indonesia Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 63 Indonesia Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 64 Malaysia Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 65 Malaysia Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 66 Malaysia Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 67 Rest of Asia-Pacific Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 68 Rest of Asia-Pacific Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 69 Rest of Asia-Pacific Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 70 Middle East & Africa Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 71 Middle East & Africa Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 72 Middle East & Africa Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 73 Middle East & Africa Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 74 Saudi Arabia Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 75 Saudi Arabia Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 76 Saudi Arabia Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 77 UAE Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 78 UAE Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 79 UAE Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 80 Oman Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 81 Oman Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 82 Oman Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 83 Angola Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 84 Angola Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 85 Angola Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 86 Rest of the Middle East & Africa Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 87 Rest of the Middle East & Africa Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 88 Rest of the Middle East & Africa Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 89 South America Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 90 South America Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 91 South America Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 92 South America Artificial Lift Market, By Country, 2020-2027 (USD Million)

Table 93 Brazil Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 94 Brazil Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 95 Brazil Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 96 Venezuela Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 97 Venezuela Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 98 Venezuela Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 99 Ecuador Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 100 Ecuador Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 101 Ecuador Artificial Lift Market, By Application, 2020-2027 (USD Million)

Table 102 Rest of South America Artificial Lift Market, By Type, 2020-2027 (USD Million)

Table 103 Rest of South America Artificial Lift Market, By Mechanism, 2020-2027 (USD Million)

Table 104 Rest of South America Artificial Lift Market, By Application, 2020-2027 (USD Million)

 

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL ARTIFICIAL LIFT MARKET SHARE, BY TYPE, 2020 (%)

FIGURE 9 GLOBAL ARTIFICIAL LIFT MARKET, BY TYPE, 2020-2027 (USD Million)

FIGURE 10 GLOBAL ARTIFICIAL LIFT MARKET SHARE, BY MECHANISM, 2020 (%)

FIGURE 11 GLOBAL ARTIFICIAL LIFT MARKET, BY MECHANISM, 2020-2027 (USD Million)

FIGURE 12 GLOBAL ARTIFICIAL LIFT MARKET SHARE, BY APPLICATION, 2020 (%)

FIGURE 13 GLOBAL ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020-2027 (USD Million)

FIGURE 14 GLOBAL ARTIFICIAL LIFT MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL ARTIFICIAL LIFT MARKET, BY REGION, 2020-2027 (USD Million)

FIGURE 14 NORTH AMERICA ARTIFICIAL LIFT MARKET SHARE (%), 2020

FIGURE 15 NORTH AMERICA ARTIFICIAL LIFT MARKET, BY COUNTRY, 2020-2027 (USD Million)

FIGURE 16 EUROPE ARTIFICIAL LIFT MARKET SHARE (%), 2020

FIGURE 17 EUROPE ARTIFICIAL LIFT MARKET, BY COUNTRY, 2020-2027 (USD Million)

FIGURE 18 ASIA PACIFIC ARTIFICIAL LIFT MARKET SHARE (%), 2020

FIGURE 19 ASIA PACIFIC ARTIFICIAL LIFT MARKET, BY COUNTRY, 2020-2027 (USD Million)

FIGURE 20 REST OF THE WORLD ARTIFICIAL LIFT MARKET SHARE (%), 2020

FIGURE 21 REST OF THE WORLD ARTIFICIAL LIFT MARKET, BY REGION, 2020-2027 (USD Million)

Artificial Lift Market

Artificial Lift Market is projected to be worth USD 10 Billion, registering a CAGR of 5.63% during the forecast period

$10 Billion

Market Size


5.63%

CAGR


North America

Dominating Region

2022-2030

Forecast Period

Segmentation

By Type Rod Lift Esp Pcp Gas Lift
By Mechanism Pump Assisted Gas Assisted
By Application Onshore Offshore

Key Players

  • Halliburton (US)
  • Schlumberger (US)
  • Weatherford (US)
  • GE Oil & Gas (US)
  • National Oilwell Varco Inc. (US)
  • Borets International Limited (UAE)
  • Dover Corporation (US)
  • Flotek Industries Inc. (US)
  • JJ Tech (US)
  • John Crane Group (US)
  • AccessESP (US)
  • OILSERV (UAE)

Drivers

  • Growing heavy oil production
  • Presence of large number of oil & gas reserves
  • Rising shale gas production
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The Artificial Lift Industry is evaluated to grow at a substantial CAGR of 5.63%.


Artificial Lift Market Overview


Artificial lift is a method employed to reduce the bottom hole pressure (BHP) on the development to increase the production rate from the well. A positive-displacement downhole pump, such as a modern progressive cavity pump (PCP), can be used to reduce the running pressure at the pump intake. A downhole centrifugal pump can also be used for the same, which could be a part of an electrical submersible pump (ESP) system. A reduced bottom hole moving pressure and a higher flow rate can be achieved with gas lift, in which the thickness of the fluid in the tubes is lowered with an increase in gas to lift the fluids. The artificial lift can generate flow from a well in which no flow is occurring or enhance the flow from a well to generate at a higher rate. Many oil wells will be helpful for the requirement of artificial lift at some time in the life of the field, as well as several gas wells benefit from an artificial lift to take liquids off the formation so gas can move at a higher rate.


An increase in demand for energy and industrialization and a rise in population and urbanization boost the growth of the artificial lift market.Therefore, the Artificial Lift Market Value is expected to increase in the forthcoming years. Basically, artificial lift is an effective method that is used for increasing pressure in oil wells. Hence, they are used for lifting the oil to the surface for both new and mature oil wells. Furthermore, artificial lifts help boost productivity and increase the ROI by reducing lifting costs.


Hence, the artificial lift can also generate and enhance the flow from a well at a higher rate. Also, they are used for gas wells to separate liquids from the formation. Thus, it helps in moving the gas at a higher rate. The Middle East and Africa are expected to provide significant Artificial Lift Market Opportunities in the forthcoming years.


COVID-19 Analysis


The COVID-19 disease majorly affected the Artificial Lift Industry from 2020 to 2021. The activities at the business reservoirs were reduced, which led to the fluctuation in the price of crude oils. Along with that, the Artificial Lift Market Demand heavily affected other several industries. Hence, the declining demand for gas and oil, mainly from China, caused a massive financial disruption during the pandemic period.


Artificial Lift Market Dynamics



  • Drivers


There are various drivers, such as the rising production of heavy oil and shale gas. Therefore, the market is expected to achieve significant growth in the forecast period. Along with that, the immense presence of several gas and oil reserves will also drive the Artificial Lift Industry in the upcoming years.



  • Restraints


However, several restraints are still evaluated to hamper the Artificial Lift Market Revenue. Thus, the low availability of significant skilled professionals is expected to restrain the market growth in the studied forecast period. Along with that, stagnant prices of oils can also have a negative effect on market growth.



  • Opportunities


Furthermore, the artificial system is used in many gas and oil wells. As a result, they help in increasing productivity and reducing operational costs. Due to this reason, several companies are using artificial lifts for increasing their return on investments. Along with that, other types of artificial lifts, such as gas lifts, cavity pumps, etc., are expected to open several new Artificial Lift Market Opportunities.



  • Challenges


However, the fluctuations in oil prices can be a challenging factor for the Artificial Lift Market Growth. Also, the pandemic has heavily affected the market growth, which is expected to grow gradually. Hence, key players are also providing the significant boost needed for the market.



  • Cumulative Growth Analysis


The Compound Annual Growth Rate (CAGR) of the Artificial Lift Market is projected to reach around 5.63%. Hence, the Artificial Lift Market Forecast suggests that it will achieve a significant market value in the upcoming years. Apart from the US, countries like Mexico, Saudi Arabia, Venezuela, Brazil, Russia, etc., also produce oil. However, the Middle East and Africa region comprise a large number of oil reservoirs.



  • Value Chain Analysis


Additionally, the redevelopment of several mature oilfields across significant countries is expected to enhance the Artificial Lift Market Trends. Furthermore, the new discoveries for offshore gas and oil across several countries are further expected to boost the value chain.


Artificial Lift Market Segment Overview


The Artificial Lift Market Size is divided into different segments such as Mechanism, Application, Type, and Region. On the basis of type, the market is divided into PCP, ESP, Gas Lift, and Others. The others sub-segment comprises hydraulic pumping and plunger lift. It is projected that the segment of rod-lift will dominate the market in the studied forecast period.


On the basis of Application, the Artificial Lift Market is segmented into Offshore and Onshore. However, the offshore segment is evaluated to grow at the fastest CAGR during the forecast period.


Thirdly, on the basis of mechanism, the Artificial Lift Industry is segmented into Gas Assisted and Pump Assisted. Furthermore, the growth of pump assisted market segment is anticipated to expand due to the increasing investments.


Artificial Lift Market Regional Analysis


On the basis of region, the Artificial Lift Industry is divided into Europe, Asia-Pacific, North America, South America, and the Middle East and Africa. According to the Artificial Lift Market Analysis, the North American region is evaluated to hold the most significant Artificial Lift Market Share in the studied forecast period. The high shale gas production, mainly in the US, is a favourable factor for significant growth.


Apart from that, the Middle East and Africa are also expected to grow at a lucrative CAGR in the upcoming years. Thus, the immense presence of several mature oil fields is one of the crucial factors due to significant growth.


Artificial Lift Market Competitive Landscape


The Artificial Lift Market is fragmented, with several renowned critical players from across the world. These key players apply various tactics to increase their customer base and business portfolio. Therefore, some of the Artificial Lift Market Key Players are listed below.



  • National Oil Well Varco Inc. (US)

  • Weatherford (US)

  • OILSERV (UAE)

  • JJ Tech (US)

  • Flotek Industries Inc. (US)

  • Schlumberger (US)

  • Haliburton (US)

  • Dover Corporation (US)

  • AccessESP (US)

  • Novomet (Russia)

  • GE Oil and Gas (US)

  • John Crane Group (US)

  • Baker Hughes Company (US)

  • Apergy (US)

  • Borets International (Russia)


Recent Developments



  • Weatherford had launched a production & optimization platform ForeSite. It can harness the historical trend of real-time data and use physics-based models in an intuitive and visual interface, which helps to optimize performance. ESP and Baker Hughes have worked together for designing a customized, efficient artificial lift solution for the wells in the Bouri Field. Also, Schlumberger has introduced its product lifecycle management service, the Lift IQ service. It offers real-time monitoring, diagnostics, and optimization of artificial lift systems. The Lift IQ securely procures, transmits, and also helps to analyze and interpret data from customer wells to improve production efficiency, extend the equipment lifecycle, and reduce operating costs.

  • ChampionX Technologies, in 2021 announced the launch of XSPIC production, which is optimization software. This software was designed to provide better efficiency in the wells through the artificial lift.

  • Microsoft Azure in 2021 deployed the Ambyint production as well as the artificial optimization into E&P companies for present Azure companies.

  • EnscoRowan in 2019 announced its approval for drilling three wells in the Manora field situated in the Gulf of Thailand.

  • Tenaris, 2019 announced the opening of a new facility specifically designed for the manufacturing of sucker rods in the region of Conroe, Texas.


Artificial Lift Market Report Overview


The overview of the Artificial Lift Market Forecast is as follows.



  • Market Overview

  • COVID-19 Analysis

  • Dynamics of the Market

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Analysis

  • Recent Development


Report Score and Segmentation



  • Study Period- 2022-2030

  • Base Year- 2021

  • Forecast Period- 2022-2030

  • Historical Period- 2020-2021


The Artificial Lift Market Report covers essential information about the market dynamics. It highlights information such as market drivers, opportunities, key players, etc. Furthermore, the information provided in this report is collected from several primary and secondary sources.


By Mechanism



  • Gas-Assisted

  • Pump Assisted


By Type



  • ESP

  • PCP

  • Gas Lift

  • Rod Lift

  • Others


By Application



  • Offshore

  • Onshore


By Region



  • Asia-Pacific

  • North America

  • Europe

  • South America

  • The Middle East and Africa

Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   5.63% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Mechanism, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Halliburton (US), Schlumberger (US), Weatherford (US), GE Oil & Gas (US), National Oilwell Varco, Inc. (US), Borets International Limited (UAE), Dover Corporation (US), Flotek Industries, Inc. (US), JJ Tech (US), John Crane Group (US), and AccessESP (US), and OILSERV (UAE)
  Key Market Opportunities   Growing faster with the market share
  Key Market Drivers

  • Rising shale gas production
  • Growing heavy oil production
  • Presence of large number of oil & gas reserves

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    Frequently Asked Questions (FAQ) :

    The key drivers of artificial lift market are rising shale gas production, growing heavy oil production, and presence of large number of oil & gas reserves.

    Asia Pacific, North America, Europe, the Middle East & Africa, and South America are the regions that are growing faster with the market share

    The countries such as Canada, Venezuela, Saudi Arabia, U.S., Mexico, Brazil, Russia, and China are the active heavy oil producing countries.

    North America is expected to hold the largest share during the forecast period

    The market has recorded 5.63% CAGR of the market.