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Market Research Report

Artificial Lift System Market, By Types, and Geography - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025

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Artificial Lift System Market, By Types, and Geography - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025
Published: September 1, 2019 Content info: 144 Pages
Description

REPORT HIGHLIGHT

The Artificial Lift System market was valued at USD 16.30 billion by 2017, growing with 6.3% CAGR during the forecast period, 2019-2025

The global artificial lift system experiences a high rate of utilization in gas & oil producing wells which require water removal. Technological advancements to monitor the various issues associated with natural gas well liquid loading is anticipated to drive market growth. The industry is expected to witness high demand for artificial lift system owing to a surge in the demand for energy and oil & gas production.

Market Trends

Evolving trends toward resource allocation for technological development, particularly in the energy sector, is anticipated to fuel the artificial lift system demand. Companies such as GE launched the ESP vector plus variable speed drive that enables the operators to remotely adjust and control the mote speed. An advanced feature of customization according to the end-use requirement is expected to gain a sizeable share in the industry over the next few years. Oil field automation attributing to the advancements including reduction of unplanned downtime along with maximizing efficiency without compromising on heath, environment and safety is cited to gain high growth opportunity.

The industry has witnessed a trend where production optimization is the main focus area for operators, but with the maturing of oil & gas reserves, an essential focus is devised on extracting resources from the existing wells. The demand for artificial lift systems which are engineered for specified conditions is expected to spur mainly due to the high extraction of resources from deeper, complex and tighter formations.

Rapid R&D and innovations by the manufacturers such as web-based monitoring services and gas handling pumps is anticipated to drive market growth over the next seven years. Web-based monitoring services are deployed to reduce the intervention cost and optimization of production processes. Multiphase gas handling pumps are utilized with a gas separator that compresses the free gas into a homogenous fluid. The process involves complex operation coupled with a highly skilled workforce that possess advanced knowledge of parameters including bottom hole pressure, total depth, onshore & offshore surface location, wellbore geometry and amount of fluid to be produced.

A major challenge for the industry is the lack of skilled workforce for the company. High investments are required to initiate training programs. Any sort of failure rising due to lack or unavailability of skilled or trained technicians and engineers results in high operational cost and delay in the production process. High level of initial investments along with high maintenance cost is another factor that may negatively impact the artificial lift systems demand over the coming years.

Product Takeaway

Rod lifts accounted for significant share of the overall revenue and is expected to experience a surge in demand owing to increased efficiency which is extensively used for primary and secondary water flood. Electrical submersible pumps accounted for majority market share. These submersible pumps have the capability to handle extreme surface along with downhole temperature. Additionally, advancements in the sensor technology allow the operators to automate and fine-tune well, reservoir and pumps performances.

Regional Takeaway

North America accounted for an overall revenue of 40%. The market experienced steady growth due to the reduction of oil & gas drilling activities in the region. With the rising demand for energy, the need for technologically advanced products is expected to escalate the industry growth over the forecast period. Increasing demand for oil including kerosene and gasoline particularly in Asia Pacific has essentially guided the regional demand and is expected to witness high growth over the next seven years.

KEY VENDORS TAKEAWAY

Notable players in the industry include Schlumberger, Cameron, General Electric and Baker Hughes. Prominent industry players focus on manufacturing advanced technologies for intensive production activities of natural gas and crude oil fields along with advanced drilling processes. Offshore drilling is an effective and expensive method for exploration of oil and natural gas and is expected to witness significant growth. Companies like GE, Baker Hughes focus on expanding their product portfolio in order to tap into niche markets.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year - 2014 & 2016

Base Year - 2017

Estimated Year - 2018

Projected Year - 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies

Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPES

Rod Lifts

Gas Lift

Electrical Submersible Pumps

Progressive Cavity Pumps

Hydraulic Pumps

MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

Table of Contents

TABLE OF CONTENTS

1. CONCENTRATED SOLAR POWER (CSP) MARKET OVERVIEW

  • 1.1. Study Scope
  • 1.2. Assumption and Methodology

2. EXECUTIVE SUMMARY

  • 2.1. Market Snippet
    • 2.1.1. Market Snippet by Technology
    • 2.1.2. Market Snippet by Application
    • 2.1.3. Market Snippet by Region
  • 2.2. Competitive Insights

3. CONCENTRATED SOLAR POWER (CSP) KEY MARKET TRENDS

  • 3.1. Market Drivers
    • 3.1.1. Impact Analysis of Market Drivers
  • 3.2. Market Restraints
    • 3.2.1. Impact Analysis of Market Restraints
  • 3.3. Market Opportunities
  • 3.4. Market Future Trends

4. CONCENTRATED SOLAR POWER (CSP) INDUSTRY STUDY

  • 4.1. Porter's Five Forces Analysis
  • 4.2. Marketing Strategy Analysis
  • 4.3. Growth Prospect Mapping
  • 4.4. Regulatory Framework Analysis

5. CONCENTRATED SOLAR POWER (CSP) MARKET LANDSCAPE

  • 5.1. Market Share Analysis
  • 5.2. Key Innovators
  • 5.3. Breakdown Data, by Key manufacturer
    • 5.3.1. Established Player Analysis
    • 5.3.2. Emerging Player Analysis

6. CONCENTRATED SOLAR POWER (CSP) MARKET - BY TECHNOLOGY

  • 6.1. Overview
    • 6.1.1. Segment Share Analysis, By Technology, 2017 & 2025 (%)
  • 6.2. Linear Fresnel

6.2.1. Overview

6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 6.3. Parabolic Trough

6.3.1. Overview

6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 6.4. Dish

6.4.1. Overview

6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 6.5. Power Tower

6.5.1. Overview

6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

7. CONCENTRATED SOLAR POWER (CSP) MARKET - BY APPLICATION

  • 7.1. Overview
    • 7.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
  • 7.2. Enhanced Oil Recovery

7.2.1. Overview

7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 7.3. Utilities

7.3.1. Overview

7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 7.4. Desalination

7.4.1. Overview

7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 7.5. Others

7.5.1. Overview

7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

8. CONCENTRATED SOLAR POWER (CSP) MARKET- BY GEOGRAPHY

  • 8.1. Introduction
    • 8.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
  • 8.2. North America

8.2.1. Overview

8.2.2. Key Manufacturers in North America

8.2.3. North America Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)

8.2.4. North America Market Size and Forecast, By Technology, 2014 - 2025 (US$ Million)

8.2.5. North America Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)

    • 8.2.6. U.S.

8.2.6.1. Overview

8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

    • 8.2.7. Canada

8.2.7.1. Overview

8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 8.3. Europe

8.3.1. Overview

8.3.2. Key Manufacturers in Europe

8.3.3. Europe Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)

8.3.4. Europe Market Size and Forecast, By Technology, 2014 - 2025 (US$ Million)

8.3.5. Europe Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)

    • 8.3.6. France

8.3.6.1. Overview

8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

    • 8.3.7. Germany

8.3.7.1. Overview

8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

    • 8.3.8. Rest of Europe

8.3.8.1. Overview

8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 8.4. Asia Pacific (APAC)

8.4.1. Overview

8.4.2. Key Manufacturers in Asia Pacific

8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)

8.4.4. Asia Pacific Market Size and Forecast, By Technology, 2014 - 2025 (US$ Million)

8.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)

    • 8.4.6. China

8.4.6.1. Overview

8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

    • 8.4.7. India

8.4.7.1. Overview

8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

    • 8.4.8. Rest of APAC

8.4.8.1. Overview

8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

  • 8.5. Rest of the World

8.5.1. Overview

8.5.2. Key Manufacturers in Rest of the World

8.5.3. Rest of the World Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)

8.5.4. Rest of the World Market Size and Forecast, By Technology, 2014 - 2025 (US$ Million)

8.5.5. Rest of the World Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)

    • 8.5.6. Latin America

8.5.6.1. Overview

8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

    • 8.5.7. Middle East and Africa

8.5.7.1. Overview

8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

9. KEY VENDOR ANALYSIS

  • 9.1. SCHOTT Solar

9.1.1. Company Snapshot

9.1.2. Financial Performance

9.1.3. Product Benchmarking

9.1.4. Strategic Initiatives

  • 9.2. Acciona S.A.
  • 9.3. SkyFuel Inc.
  • 9.4. TSK Flagsol
  • 9.5. eSolar Incorporation
  • 9.6. Abengoa Solar
  • 9.7. NextEra Energy Resources LLC
  • 9.8. GDF SUEZ
  • 9.9. BrightSource Energy Inc.
  • 9.10. Areva Solar
  • 9.11. SolarReserve
  • 9.12. Ibereolica Group
  • 9.13. Solar Millennium

10. 360 DEGREE ANALYSTVIEW

11. APPENDIX

  • 11.1. Research Methodology
  • 11.2. References
  • 11.3. Abbreviations
  • 11.4. Disclaimer
  • 11.5. Contact Us

List of Tables

TABLE List of data sources

TABLE Market drivers; Impact Analysis

TABLE Market restraints; Impact Analysis

TABLE Artificial Lift System market: Product snapshot (2018)

TABLE Segment Dashboard; Definition and Scope, by Product

TABLE Global Artificial Lift System market, by Product 2014-2025 (USD Million)

TABLE Artificial Lift System market: regional snapshot (2018)

TABLE Segment Dashboard; Definition and Scope, by region

TABLE Global Artificial Lift System market, by region 2014-2025 (USD Million)

TABLE North America Artificial Lift System market, by country, 2014-2025 (USD Million)

TABLE North America Artificial Lift System market, by Product, 2014-2025 (USD Million)

TABLE Europe Artificial Lift System market, by country, 2014-2025 (USD Million)

TABLE Europe Artificial Lift System market, by Product, 2014-2025 (USD Million)

TABLE Asia Pacific Artificial Lift System market, by country, 2014-2025 (USD Million)

TABLE Asia Pacific Artificial Lift System market, by Product, 2014-2025 (USD Million)

TABLE Rest of the World Artificial Lift System market, by country, 2014-2025 (USD Million)

TABLE Rest of the World Artificial Lift System market, by Product, 2014-2025 (USD Million)

List of Figures

FIGURE Artificial Lift System market segmentation

FIGURE Market research methodology

FIGURE Value chain analysis

FIGURE Porter's Five Forces Analysis

FIGURE Market Attractiveness Analysis

FIGURE Competitive Landscape; Key company market share analysis, 2018

FIGURE Product segment market share analysis, 2017 & 2025

FIGURE Product segment market size forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Rod Lifts market size forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Gas Lift market size forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Electrical Submersible Pumps market size forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Progressive Cavity Pumps market size forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Hydraulic Pumps market size forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Regional segment market share analysis, 2017 & 2025

FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE North America Artificial Lift System market share and leading players, 2018

FIGURE Europe Artificial Lift System market share and leading players, 2018

FIGURE Asia Pacific Artificial Lift System market share and leading players, 2018

FIGURE Latin America Artificial Lift System market share and leading players, 2018

FIGURE Middle East and Africa Artificial Lift System market share and leading players, 2018

FIGURE North America market share analysis by country, 2018

FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Europe market share analysis by country, 2018

FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Asia Pacific market share analysis by country, 2018

FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Rest of the World market share analysis by country, 2018

FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)

FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

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