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Market Research Report
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939064

Artificial Lift - Global Market Outlook (2018-2027)

Published: | Stratistics Market Research Consulting | 166 Pages | Delivery time: 2-3 business days

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Artificial Lift - Global Market Outlook (2018-2027)
Published: April 1, 2020
Stratistics Market Research Consulting
Content info: 166 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

According to Stratistics MRC, the Global Artificial Lift market is accounted for $6.99 billion in 2018 and is expected to reach $12.85 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Some of the key factors propelling the market growth are raising investments in the upstream oil & gas sector and heavy oil production. However lack of skilled labour is the restraining factor for the growth of the market.

Artificial Lift is a method which is used on oil wells to increase pressure within the reservoir in order to increase flow of liquids such as crude oil or water. Some reservoirs do not flow naturally. So, the artificial lift methods are employed to lift the oil to the surface. These methods can be deployed on both mature and new wells to maximize and maintain production from well. The uses of artificial lift method include reduced boost life-of-well productivity, maintenance and risk, and increase ROI by balancing flow rates and lifting costs. The two main types of artificial lift methods are gas assisted and pump assisted. Pump assisted methods mostly include rod lift, PCP and ESP and gas assisted include plunger lift and gas lift.

By application, the offshore segment is expected to grow at a significant market share during the forecast period due to the fact that offshore has huge untapped reserves. Artificial lift methods such as gas lift, ESP, PCP, and hydraulic pumping are most prominently used in offshore oil wells.

On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the redevelopment of shale reserves and growth in unconventional resources in the US and Canada. Additionally, the demand for artificial lift operations in the maturing offshore fields in the Gulf of Mexico and other onshore fields in the US is expected to drive market growth.

Some of the key players in Artificial Lift Market include AccessESP, Apergy, Borets International Limited, Camco, Dover Corporation, Flotek Industries, Inc, GE Oil & Gas, Halliburton, JJ Tech, John Crane Group, National Oilwell Varco, Inc, Novomet, Oilserv, Schlumberger and Weatherford.

Types Covered:

  • Electrical Submersible Pump (ESP)
  • Gas Lift
  • Hydraulic Pumps
  • Plunger Lift
  • Progressive Cavity Pump (PCP)
  • Rod Lift

Well Types Covered:

  • Horizontal
  • Vertical

Mechanisms Covered:

  • Gas Assisted
  • Pump Assisted

Components Covered:

  • Cable System
  • Controller
  • Drive Head
  • Gas-lift Mandrels
  • Gas-lift Valves
  • Motor
  • Pump
  • Pump Jack
  • Separator
  • Sucker Rod

Applications Covered:

  • Offshore
  • Onshore

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Artificial Lift Market, By Type

  • 5.1 Introduction
  • 5.2 Electrical Submersible Pump (ESP)
  • 5.3 Gas Lift
  • 5.4 Hydraulic Pumps
  • 5.5 Plunger Lift
  • 5.6 Progressive Cavity Pump (PCP)
  • 5.7 Rod Lift

6 Global Artificial Lift Market, By Well Type

  • 6.1 Introduction
  • 6.2 Horizontal
  • 6.3 Vertical

7 Global Artificial Lift Market, By Mechanism

  • 7.1 Introduction
  • 7.2 Gas Assisted
  • 7.3 Pump Assisted
    • 7.3.1 Dynamic Displacement
    • 7.3.2 Positive Displacement

8 Global Artificial Lift Market, By Component

  • 8.1 Introduction
  • 8.2 Cable System
  • 8.3 Controller
  • 8.4 Drive Head
  • 8.5 Gas-lift Mandrels
  • 8.6 Gas-lift Valves
  • 8.7 Motor
  • 8.8 Pump
  • 8.9 Pump Jack
  • 8.10 Separator
  • 8.11 Sucker Rod

9 Global Artificial Lift Market, By Application

  • 9.1 Introduction
  • 9.2 Offshore
  • 9.3 Onshore

10 Global Artificial Lift Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 AccessESP
  • 12.2 Apergy
  • 12.3 Borets International Limited
  • 12.4 Camco
  • 12.5 Dover Corporation
  • 12.6 Flotek Industries, Inc
  • 12.7 GE Oil & Gas
  • 12.8 Halliburton
  • 12.9 JJ Tech
  • 12.10 John Crane Group
  • 12.11 National Oilwell Varco, Inc
  • 12.12 Novomet
  • 12.13 Oilserv
  • 12.14 Schlumberger
  • 12.15 Weatherford

List of Tables

  • Table 1 Global Artificial Lift Market Outlook, By Region (2017-2027) ($MN)
  • Table 2 Global Artificial Lift Market Outlook, By Type (2017-2027) ($MN)
  • Table 3 Global Artificial Lift Market Outlook, By Electrical Submersible Pump (ESP) (2017-2027) ($MN)
  • Table 4 Global Artificial Lift Market Outlook, By Gas Lift (2017-2027) ($MN)
  • Table 5 Global Artificial Lift Market Outlook, By Hydraulic Pumps (2017-2027) ($MN)
  • Table 6 Global Artificial Lift Market Outlook, By Plunger Lift (2017-2027) ($MN)
  • Table 7 Global Artificial Lift Market Outlook, By Progressive Cavity Pump (PCP) (2017-2027) ($MN)
  • Table 8 Global Artificial Lift Market Outlook, By Rod Lift (2017-2027) ($MN)
  • Table 9 Global Artificial Lift Market Outlook, By Well Type (2017-2027) ($MN)
  • Table 10 Global Artificial Lift Market Outlook, By Horizontal (2017-2027) ($MN)
  • Table 11 Global Artificial Lift Market Outlook, By Vertical (2017-2027) ($MN)
  • Table 12 Global Artificial Lift Market Outlook, By Mechanism (2017-2027) ($MN)
  • Table 13 Global Artificial Lift Market Outlook, By Gas Assisted (2017-2027) ($MN)
  • Table 14 Global Artificial Lift Market Outlook, By Pump Assisted (2017-2027) ($MN)
  • Table 15 Global Artificial Lift Market Outlook, By Dynamic Displacement (2017-2027) ($MN)
  • Table 16 Global Artificial Lift Market Outlook, By Positive Displacement (2017-2027) ($MN)
  • Table 17 Global Artificial Lift Market Outlook, By Component (2017-2027) ($MN)
  • Table 18 Global Artificial Lift Market Outlook, By Cable System (2017-2027) ($MN)
  • Table 19 Global Artificial Lift Market Outlook, By Controller (2017-2027) ($MN)
  • Table 20 Global Artificial Lift Market Outlook, By Drive Head (2017-2027) ($MN)
  • Table 21 Global Artificial Lift Market Outlook, By Gas-lift Mandrels (2017-2027) ($MN)
  • Table 22 Global Artificial Lift Market Outlook, By Gas-lift Valves (2017-2027) ($MN)
  • Table 23 Global Artificial Lift Market Outlook, By Motor (2017-2027) ($MN)
  • Table 24 Global Artificial Lift Market Outlook, By Pump (2017-2027) ($MN)
  • Table 25 Global Artificial Lift Market Outlook, By Pump Jack (2017-2027) ($MN)
  • Table 26 Global Artificial Lift Market Outlook, By Separator (2017-2027) ($MN)
  • Table 27 Global Artificial Lift Market Outlook, By Sucker Rod (2017-2027) ($MN)
  • Table 28 Global Artificial Lift Market Outlook, By Application (2017-2027) ($MN)
  • Table 29 Global Artificial Lift Market Outlook, By Offshore (2017-2027) ($MN)
  • Table 30 Global Artificial Lift Market Outlook, By Onshore (2017-2027) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.