Artificial Lift Market by Well Type (Horizontal, Vertical); Application (Onshore, Offshore), Type (ESP, PCP, Rod Lift, Gas Lift, and Others), and Geography – Global Forecast up to 2026

  • April, 2021
  • Domain: Electronics & Semiconductors - Electronics & Semiconductors
Pages: 85
Tables: 46
Charts: 76
Regions/Countries: 4/10
Companies: 10
Enquiry Hours: 10
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Artificial Lift is a method used on oil wells to raise the reservoir's pressure to increase the flow of liquids like crude oil or water. Some reservoirs do not flow logically. Hence, artificial lift methods are working to lift the oil to the surface. These novel methods can be deployed on both mature and new wells to maximize and maintain production. The other advantages of the artificial lift method include reduced maintenance and risk, increased life-of-well productivity, and increased return by balancing flow rates and lifting costs. The two key types of artificial lift methods are pump-assisted and gas-assisted. The market observes significant development due to extensive demand for fossil fuels and the escalating number of settled reserves that comprise a large amount of crude oil. Furthermore, shale gas and heavy oil capabilities further drive the development of the artificial lift market internationally.  The market of artificial lift is expected to grow at the rate of  5.63% CAGR by 2026.

Research Methodology:

The Artificial Lift market is analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Artificial Lift Market

Artificial Lift Market by Application

  • Offshore
  • Onshore

Artificial Lift Market by Well Type

  • Vertical
  • Horizontal

Artificial Lift Market by Mechanism

  • Gas-Assisted
  • Pump Assisted
    • Positive Displacement
    • Dynamic Displacement

Artificial Lift Market by Type

  • ESP
  • PCP
  • Gas Lift
  • Rod lift
  • Others           

Artificial Lift Market by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of application, the offshore segment is anticipated to rise at the fastest rate during the estimated period.  Artificial lift methods like gas lift, ESP, hydraulic pumping, and PCP are prominently used in offshore wells. Since the onshore oil & gas reserves have mostly been explored, the companies have been now exploring the offshore locations.

On the basis of type, the segment of ‘rod lift’ is anticipated to make the most significant contribution to the artificial lift market during the estimated period. Rod lift, beam lift, or sucker rod lift mention an artificial lift system that utilizes power source at surface to drive a downhole pump assembly. The unit is made of some components used in both surface and subsurface.

North America is projected to be the largest market from 2020 to 2025, determined by the redevelopment of shale reserves and unconventional resources in the US and Canada. Furthermore, the demand for artificial lift operations in the maturing offshore fields in the Gulf of Mexico and other onshore fields in the US is anticipated to drive market development.

This report gives the profiles of companies leading the Artificial Lift market: Halliburton, Schlumberger, Baker Hughes Company, Weatherford (Switzerland), NOV, Borets International, and Oilserv JJ Tech, Apergy, DistributionNow, Novomet, AccessESP, and Valiant Artificial lift Solutions.

  • This report provides a comprehensive analysis of the Artificial Lift market growth drivers, restraints, opportunities, and other related challenges.
  • This report depicts the market developments such as new product launches, mergers and acquisitions, diversification, and joint ventures of the market players.
  • This report also describes all potential segments and sub-segments present in the market to help the companies in strategic business planning.
  • This report also gives the regional analysis of the Artificial Lift market in terms of market penetration across the world.
  1. Executive Summary
  2. Industry Outlook
    1. Industry Overview
    2. Industry Trends
  3. Market Snapshot
    1. Market Definition
    2. Market Outlook
      1. Porter Five Forces
    3. Related Markets
  4. Market characteristics
    1. Market Overview
    2. Market Segmentation
    3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    4. DRO - Impact Analysis
  5. Type: Market Size & Analysis
    1. Overview
    2. ESP
    3. PCP
    4. Gas Lift
    5. Rod lift
    6. Others
  6. Mechanism: Market Size & Analysis
    1. Overview
    2. Pump Assisted
      1. Positive Displacement
      2. Dynamic Displacement
    3. Gas-Assisted
  7. Geography: Market Size & Analysis
    1. Overview
    2. North America
    3. Europe
    4. Asia Pacific
    5. Rest of the World
  8. Competitive Landscape
    1. Competitor Comparison Analysis
    2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
  9. Vendor Profiles
    1. Burckhardt Compression Holding AG
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    2. Mitsubishi Heavy Industries Compressor Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    3. Atlas Copco Energas GmbH
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    4. General Electric Company
      1. Overview
      2. Business Units
      3. Geographic Revenue
      4. Product Offerings
      5. Developments
      6. SWOT Analysis
      7. Business Strategy
    5. Man Diesel & Turbo SE
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    6. Ebara Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    7. Ariel Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    8. Solar Turbine Inc.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    9. Neuman & Esser Group
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    10. Hitachi, Ltd.
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
  10.  Analyst Opinion
  11. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
      1. Data Collation and In-house Estimation
      2. Market Triangulation
      3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations

Research Framework

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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