Global Artificial Lift Systems Market By Type (Electric Submersible Pump, Progressive Cavity Pump, Rod Lift, Gas Lift, and Others), By Application (Onshore, Offshore), By Component (Pump, Motor, Cable System, Controller, Others), By Company, By Region, Forecast & Opportunities, 2027

  • Industry : Power
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Global artificial lift systems market is expected to grow at a significant rate during the forecast period on account of rise in demand for energy requirement around the world. Rapid industrialization and urbanization are aiding in surge in demand for conventional fuels. Rise in disposable income is enabling middle class families and indulge in luxury automobiles thereby aiding in global artificial lift systems market growth. High-end investments by government of various regions and major players are anticipated to foster the growth of the global artificial lift systems market. Also, majority of mature wells present around the globe require an artificial lift system to pump up oil and gas to the surface in case natural drive of the reservoir is not sufficient to drive the oil and gas to the surface.

Increase in demand for better recovery rates after extraction process is fostering the global artificial lift systems market. 

Global artificial lift systems market is segmented by type, application, component, region, and company. Based on regional analysis, North America is dominating the market in 2021 and is expected to dominant the global artificial lift systems market till 2027. Technological advancements and innovations in artificial lift systems market is also fueling the global artificial lift systems market. Also, increase in demand for the energy in major cities of North America is creating lucrative opportunities for the growth of the global artificial lift systems market. Several projects relating to extraction is another factor aiding in the market growth in the region. Discovery of shale reserves has been increased significantly in the region. Development of multi-well facilities by key players integrated with artificial lift systems is expected to boost the global artificial lift systems market. Rise in the number of mature oil fields in the region is fostering the global artificial lift systems market.

The major players operating in the global artificial lift systems market are Schlumberger Limited, Weatherford International plc, Halliburton Limited, Baker Hughes Incorporated, Dover Corporation, National Oilwell Varco, Inc., ChampionX Corporation, Borets International Limited, Chelpipe Group (ZAO Rimera), OiLSERV FZCO, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

  • To analyze the historical growth of the market size of global artificial lift systems market from 2017 to 2020.
  • To estimate and forecast the market size of global artificial lift systems market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast global artificial lift systems market based on type, application, component, region, and company.
  • To identify dominant region or segment in the global artificial lift systems.
  • To identify drivers and challenges for global artificial lift systems.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global artificial lift systems.
  • To identify and analyze the profile of leading players operating in global artificial lift systems.
  • To identify key sustainable strategies adopted by market players in global artificial lift systems market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global artificial lift systems market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Artificial lift system manufacturing companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to mining equipment

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Application

·         Component

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa;p Iraq

Key Companies Profiled

Schlumberger Limited, Weatherford International plc, Halliburton Limited, Baker Hughes Incorporated, Dover Corporation, National Oilwell Varco, Inc., ChampionX Corporation, Borets International Limited, Chelpipe Group (ZAO Rimera), OiLSERV FZCO.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global artificial lift systems market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Global Artificial Lift Systems Market, By Type:

o   Dust Electric Submersible Pump

o   Progressive Cavity Pump

o   Rod Lift

o   Gas Lift

o   Others

·         Global Artificial Lift Systems Market, By Application:

o   Onshore

o   Offshore

·         Global Artificial Lift Systems Market, By Component:

    • Pump
    • Motor
    • Cable System
    • Controller
    • Others
  • Global Mining Equipment Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Iraq
      • UAE
    • South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global artificial lift systems market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Artificial Lift Systems Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Artificial Lift Systems Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Electric Submersible Pump, Progressive Cavity Pump, Rod Lift, Gas Lift, and Others)

6.2.2.     By Application (Onshore, Offshore)

6.2.3.     By Component (Pump, Motor, Cable System, Controller, Others)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Product Market Map

7.    North America Artificial Lift Systems Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value 

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

7.2.3.     By Component

7.2.4.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Artificial Lift Systems Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value 

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Application

7.3.1.2.3.             By Component

7.3.2.     Canada Artificial Lift Systems Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value 

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Application

7.3.2.2.3.             By Component

7.3.3.     Mexico Artificial Lift Systems Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value 

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Application

7.3.3.2.3.             By Component

8.    Asia-Pacific Artificial Lift Systems Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value 

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Application

8.2.3.     By Component

8.2.4.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Artificial Lift Systems Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value 

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Application

8.3.1.2.3.             By Component

8.3.2.     India Artificial Lift Systems Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value 

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Application

8.3.2.2.3.             By Component

8.3.3.     Japan Artificial Lift Systems Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value 

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Application

8.3.3.2.3.             By Component

8.3.4.     South Korea Artificial Lift Systems Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value 

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Application

8.3.4.2.3.             By Component

8.3.5.     Australia Artificial Lift Systems Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value 

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Application

8.3.5.2.3.             By Component

9.    Europe Artificial Lift Systems Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value 

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Application

9.2.3.     By Component

9.2.4.     By Country

9.3.  Europe: Country Analysis

9.3.1.     Germany Artificial Lift Systems Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value 

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Application

9.3.1.2.3.             By Component

9.3.2.     United Kingdom Artificial Lift Systems Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value 

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Application

9.3.2.2.3.             By Component

9.3.3.     France Artificial Lift Systems Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value 

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Application

9.3.3.2.3.             By Component

9.3.4.     Italy Artificial Lift Systems Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value 

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Type

9.3.4.2.2.             By Application

9.3.4.2.3.             By Component

9.3.5.     Spain Artificial Lift Systems Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value 

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Type

9.3.5.2.2.             By Application

9.3.5.2.3.             By Component

10.  South America Artificial Lift Systems Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value 

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Application

10.2.3.  By Component

10.2.4.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Artificial Lift Systems Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value 

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Application

10.3.1.2.3.           By Component

10.3.2.  Argentina Artificial Lift Systems Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value 

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Application

10.3.2.2.3.           By Component

10.3.3.  Colombia Artificial Lift Systems Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value 

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Application

10.3.3.2.3.           By Component

11.  Middle East & Africa Artificial Lift Systems Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value 

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Application

11.2.3.  By Component

11.2.4.  By Country

11.3.              South America: Country Analysis

11.3.1.  Saudi Arabia Artificial Lift Systems Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value 

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By Application

11.3.1.2.3.           By Component

11.3.2.  South Africa Artificial Lift Systems Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value 

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Type

11.3.2.2.2.           By Application

11.3.2.2.3.           By Component

11.3.3.  UAE Artificial Lift Systems Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value 

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Type

11.3.3.2.2.           By Application

11.3.3.2.3.           By Component

11.3.4.  Iraq Artificial Lift Systems Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value 

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Type

11.3.4.2.2.           By Application

11.3.4.2.3.           By Component

12.  Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.    Competition Outlook

14.2.    Company Profiles

14.2.1.  Schlumberger Limited

14.2.2.   Weatherford International plc

14.2.3.   Halliburton Limited

14.2.4.  Baker Hughes Incorporated

14.2.5.  Dover Corporation

14.2.6.  National Oilwell Varco, Inc.

14.2.7.  ChampionX Corporation

14.2.8.  Borets International Limited

14.2.9.  Chelpipe Group (ZAO Rimera)

14.2.10.                OiLSERV FZCO

 15. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Factors like rise in demand for energy requirement, rapid industrialization and urbanization are driving the growth of the global artificial lift system market in the forecast years, 2023-2027.

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Schlumberger Limited, Weatherford International plc, Halliburton Limited, Baker Hughes Incorporated, Dover Corporation, National Oilwell Varco, Inc., among others are leading the global artificial lift system market in the forecast period, 2023-2027.

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The global artificial lift system market analysis was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2020 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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