Home / Oil & Gas / Artificial Lift Systems Market By Type (Electrical Submersible Pumps, Rod Lift, Progressive Cavity Pumps, Gas Lift) - Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Artificial Lift Systems Market By Type (Electrical Submersible Pumps, Rod Lift, Progressive Cavity Pumps, Gas Lift) - Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Published: Dec 2016 | Report Code: 58256-12-16

Artificial lift system in oil & gas industry refers to use of artificial means to increase to flow of the crude oil from the well. Artificial lift system is a kind of enhanced oil recovery technique widely used to improve the well productivity especially for matured reserves as well as reserves with high viscosity crude oil. Artificial lift system is low cost conventional technique used to improve oil production form the well. It is done through various methods such as increasing extraction rate using submersible pumps which is the most popular artificial lifting method. Further, methods such as rod lift, gas lift and progressive cavity pumps are expected to gain traction over the forecast period.

Artificial lift system market is expected to gain impulse with growing demand for fossil fuel coupled with increasing number of mature reserves across the globe are expected to drive the demand of artificial lift system. Further, volatile oil prices influencing oil companies to reduce their per barrel cost of oil production. Thus, demand for EOR techniques such as artificial lift system is expected to increase during the forecast period. Moreover, growing number of matured reserves and increasing exploration of non-conventional reserves are expected to fuel the demand for artificial lift system over the forecast period (2016-2023). However, high initial installation cost and lack of skilled labour for artificial lifting are expected to hamper the growth of artificial lift system market during the forecast period (2016-2023).

North Americais expected to largest region in global artificial lifting system market. Increasing shale gas production coupled with growing deep-water drilling in U.S. Gulf of Mexico is anticipated to drive the demand for artificial lifting system in the region. Followed by it, Europe is anticipated to be the second largest region in the global artificial lifting market owing to increasing focus of the economies in Europe to achieve self-sufficiency is projected to fuel the demand for artificial lifting system during the forecast period (2016-2023). Middle East & Africa (MEA) is anticipated to be the fastest growing among all the region. It offers the most attractive opportunity for artificial lifting system market due to availability of largest number of matured well in the region. Moreover, slowdown in oil & gas industry restraining investment in exploration of new oil wells. Thus, oil producers are looking to enhance production from existing wells to reduce their per barrel production cost.

Global artificial lifting system marketis expected to be valued at US$ 14.4Bn by the end of 2016 and is projected to expand at a CAGR4.7% during the forecast period 2016-2023.

Artificial Lift System Market

Purpose of the Report

The purpose of this strategic research study titled “Global Artificial Lifting System Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global artificial lifting system market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Oil field services companies
  • Oil & Gas exploration and production companies
  • Research Institutes

USP and Key Offerings

The report titled “Global Artificial Lifting System Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the artificial lifting system market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on type and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading artificial lifting system manufacturers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to validate the forthcoming attractive markets within oil & gas industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis
  • Overall, the research study provides a holistic view of the global artificial lifting system market growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Artificial Lift System Market Snapshot
2.1.1. Global Artificial Lift System Market by Type, 2015
2.1.2. Global Artificial Lift System Market by Geography, 2015
2.1.3. Market Drivers, Challenges and Trends

3. Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry
3.8. Key Players Market Share Analysis

4. Global Artificial Lift System Market Size , By Type, 2013 – 2023
4.1. Overview
4.1.1. Market Share Analysis by Type, 2015 vs 2023
4.1.2. Attractive Investment Proportion by Type
4.2. Electrical Submersible Pumps
4.3. Rod Lift
4.4. Progressive Cavity Pumps
4.5. Gas Lift
4.6. Others

5. Global Fire Protection System Size Market for Oil & Gas Industry, By Geography, 2013 – 2023
5.1. Overview
5.1.1. Market Share Analysis by Geography, 2015 vs. 2023
5.1.2. Attractive Investment Proportion by Geography
5.2. North America Artificial Lift System Market Analysis, 2013 – 2023
5.2.1. North America Artificial Lift System Market Size , By Country, 2013 – 2023
5.2.1.1. U.S.
5.2.1.2. Canada
5.2.2. North America Artificial Lift System Market Size, By Type, 2013 – 2023
5.2.2.1. Electrical Submersible Pumps
5.2.2.2. Rod Lift
5.2.2.3. Progressive Cavity Pumps
5.2.2.4. Gas Lift
5.2.2.5. Others
5.3. Europe Artificial Lift System Market Analysis, 2013 – 2023
5.3.1. Europe Artificial Lift System Market Size, By Country, 2013 – 2023
5.3.1.1. Russia
5.3.1.2. U.K
5.3.1.3. Rest of Europe
5.3.2. Europe Artificial Lift System Market Size, By Type, 2013 – 2023
5.3.2.1. Electrical Submersible Pumps
5.3.2.2. Rod Lift
5.3.2.3. Progressive Cavity Pumps
5.3.2.4. Gas Lift
5.3.2.5. Others
5.4. Asia Pacific Artificial Lift System Market Analysis, 2013 – 2023
5.4.1. Asia Pacific Artificial Lift System Market Size, By Country, 2013 – 2023
5.4.1.1. China
5.4.1.2. India
5.4.1.3. Rest of Asia Pacific
5.4.2. Asia Pacific Artificial Lift System Market Size, By Type, 2013 – 2023
5.4.2.1. Electrical Submersible Pumps
5.4.2.2. Rod Lift
5.4.2.3. Progressive Cavity Pumps
5.4.2.4. Gas Lift
5.4.2.5. Others
5.5. Latin America Artificial Lift System Market Analysis, 2013 – 2023
5.5.1. Latin America Artificial Lift System Market Size, By Country, 2013 – 2023
5.5.1.1. Brazil
5.5.1.2. Mexico
5.5.1.3. Rest of Latin America
5.5.2. Latin America Artificial Lift System Market Size, By Type, 2013 – 2023
5.5.2.1. Electrical Submersible Pumps
5.5.2.2. Rod Lift
5.5.2.3. Progressive Cavity Pumps
5.5.2.4. Gas Lift
5.5.2.5. Others
5.6. Middle East & Africa (MEA) Artificial Lift System Market Analysis, 2013 – 2023
5.6.1. MEA Artificial Lift System Market Size, By Country, 2013 – 2023
5.6.1.1. GCC
5.6.1.2. Rest of MEA
5.6.2. MEA Artificial Lift System Market Size, By Type, 2013 – 2023
5.6.2.1. Electrical Submersible Pumps
5.6.2.2. Rod Lift
5.6.2.3. Progressive Cavity Pumps
5.6.2.4. Gas Lift
5.6.2.5. Others

6. Company Profiles
6.1. Competitive Dashboard
6.2. Key Players
6.2.1. Baker Hughes Incorporated
6.2.1.1. Business Description
6.2.1.2. Financial Information
6.2.1.3. Product Positions/Portfolio
6.2.1.4. Key Developments
6.2.2. Borets
6.2.3. Dover Corporation
6.2.4. General Electric.
6.2.5. Halliburton Company
6.2.6. Schlumberger Limited
6.2.7. Weatherford International plc
6.2.8. Kudu Industries Llc
6.2.9. National Oilwell Varco Inc.
6.2.10. Norris Production Solutions
6.2.11. Tenaris S.A.

List Of Table :

Table 1: Global Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2016-2023
Table 2: Global Artificial Lift System Market Revenue (US$ Bn) Forecast, by Geography, 2016-2023
Table 3: North America Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2016-2023
Table 4: North America Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2016-2023
Table 7: Europe Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2016-2023
Table 8: Europe Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2016-2023
Table 9: Asia Pacific Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2016-2023
Table10: Asia Pacific Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2016-2023
Table 11: Latin America Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2016-2023
Table 12: Latin America Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2016-2023
Table 13: Middle East & Africa Artificial Lift System Market Revenue (US$ Bn) Forecast, by Country, 2016-2023
Table 14: Middle East & Africa Artificial Lift System Market Revenue (US$ Bn) Forecast, by Type, 2016-2023
Table 15: Baker Hughes Incorporated: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage))
Table 16: Borets: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 17: Dover Corporation.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 18: General Electric: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 19: Halliburton Company: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 20: Schlumberger Limited.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 21: Weatherford International plc Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 22: Kudu Industries Llc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 23: National Oilwell Varco Inc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 24: Norris Production Solutions: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
Table 25: Tenaris S.A.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)

List Of Figure :

Figure 1: Global Artificial Lift System Market Revenue (US$ Bn) Forecast, 2016-2023
Figure 2: Global Artificial Lift System Market YOY Growth Comparison, 2016-2023
Figure 3: Global Artificial Lift System Market Share (%) Analysis Forecast, by Type, 2016-2023
Figure 4 : Global Artificial Lift System Market Investment Proportion by Type, 2016-2023
Figure 5: Global Artificial Lift System Market YOY(%) Comparison by Geography, 2016-2023
Figure 6: Global Artificial Lift System Market Share (%) Analysis, by Geography, 2016-2023
Figure 7: Global Artificial Lift System Market Investment Proportion by Geography, 2016-2023
Figure 8: North America Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2016-2023
Figure 9: North America Artificial Lift System Market Share Analysis by Country, 2016-2023
Figure 10: North America Artificial Lift System Market Investment Proportion by Country
Figure 11: Europe Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2016-2023
Figure 12: Europe Artificial Lift System Market Share Analysis by Country, 2016-2023
Figure 13: Europe Artificial Lift System Market Investment Proportion by Country, 2016-2023
Figure 14: Asia Pacific Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2016-2023
Figure 15: Asia Pacific Artificial Lift System Market Share Analysis by Country, 2016-2023
Figure 16: Asia Pacific Artificial Lift System Market Investment Proportion by Country, 2016-2023
Figure 17: Latin America Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2016-2023
Figure 18: Latin America Artificial Lift System Market Share Analysis by Country, 2016-2023
Figure 19: Latin America Artificial Lift System Market Investment Proportion by Country, 2016-2023
Figure 20: Middle East & Africa (MEA) Artificial Lift System Market Revenue (US$ Bn) Forecast by Country, 2016-2023
Figure 21: Middle East & Africa Artificial Lift System Market Share Analysis by Country, 2016-2023
Figure 22: Middle East & Africa Artificial Lift System Market Investment Proportion by Country, 2016-2023

On the basis of type, global artificial lift market is categorized into following types:

  • Electrical Submersible Pumps
  • Rod Lift
  • Progressive Cavity Pumps
  • Gas Lift
  • Others(Hydraulic, Plinger Lift).

Artificial Lift System Market

On the basis of type, the global artificial lift market can be segmented electrical submersible pumps, rod lift, progressive cavity pumps, gas lift, others.

Among all type of artificial lift system, electrical submersible pumps segmentwas anticipated to be the largest segment in 2016 accounting for significant revenue share in global artificial lift market. The growth of the segment is augmented by high adoption of electrical submersible pumps in artificial lifting of hydrocarbons from the oil well.

Rod lift segment is anticipated to be the fastest growing segmentdue to increasing adoption of the method as it is cost effective and considered as most of efficient method to extract hydrocarbons. The segment is anticipated to gain significant market share by 2023.

Progressive cavity pump, gas lift and others segments are expected to collectively account for over 20% of the global artificial lifting market in 2016 and anticipated to register steady growth over the forecast period (2016-2023).

On the basis of geography, the global artificial lifting system marketis segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • Rest of MEA

Artificial Lift System Market

Global artificial lifting system marketis segmented on the basis of geography. North America is expected to be the largest region in global artificial lifting system market. Growing shale gas production and increasing deep water drilling in U.S. and Canada isprojected to fuel the demand for artificial lifting systems in the region. Followed by it, Europeis anticipated to be the second largest market for artificial lifting system due to increasing focus of economies to achieve self-sufficiency in the region coupled with favorable regulatory policies for the adoption artificial lifting in the region. The region is anticipated to grow at moderate rate during the forecast period (2016-2023).

Middle East & Africa (MEA)is projected to be the fastest growing segmentdue availability of high matured reserves in the region and coupled with high natural gas reserves in countries such as Oman, Nigeria, Angola and Kuwaitare anticipated to augment the growth of the artificial lift system market over the forecast period (2016-2023).

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