HOME Top Market Reports Artificial Lift Systems Market, by Types (ESP, PCP, Rod Lift), by Component (Pump, Motor, Separator, Cable, Pump Jack, Sucker Rod), by Countries (U.S., Canada, Russia, China, Venezuela) - Trends & Forecast to 2018

Artificial Lift Systems Market, by Types (ESP, PCP, Rod Lift), by Component (Pump, Motor, Separator, Cable, Pump Jack, Sucker Rod), by Countries (U.S., Canada, Russia, China, Venezuela) - Trends & Forecast to 2018

By: marketsandmarkets.com
Publishing Date: October 2013
Report Code: EP 2138

 

Enquiry Before Buying
 
purchase report
download pdf  request for customisation


Artificial lifts are equipment used to lift oil from the bottom hole to the surface. This technique of artificial lifting is primarily used when the bottom-hole pressure is insufficient to propel oil to the surface. Artificial lifts have become an important part of the production process. Hugh investments by exploration & production companies on development of matured & marginal oil fields, heavy oil & unconventional hydrocarbon resource in countries like U.S., Canada, Russia, China, Venezuela is creating a wide scope for artificial lift systems market to grow.

Artificial lift component market is a sub market of artificial lift systems market and components are manufactured by major oil field service providers and other equipment manufacturers. For production of different type of components, manufacturers concentrate on installed base of any lift type and component’s run life, technological requirement and growing production activity types, as lifts and its components are specific to the nature of production & production techniques.

Rod lift, PCP, and ESP dominate the industry; these hold close to about 88.8% of the lifts installed in 91.2% of the wells globally in 2011. ESP Pump is the biggest revenue pocket in global artificial lift component market due to its high market prices and high replacement rate with respect to other components. Apart from ESP pump, sucker rod is the next biggest revenue maker and sucker rod manufacturers are expecting high future demand from Latin American E&P players and oil Shale players from U.S. ESP is most prevalent in Russia and it leads in the number of its installations. Canada and Venezuela together hold the major share of global PCP installations, and rod lift is predominant in U.S.

The report explores artificial lift systems market opportunities for all major components of ESP, PCP and Rod lift systems and directs towards revenue pockets in major countries including U.S., Canada, Russia, China and Venezuela. The major components of artificial lift systems are pump, motor, separator, cable, pump jack, sucker rod and others. Weatherford International Ltd (Switzerland), Schlumberger Ltd (U.S.), Baker Hughes Incorporated (U.S.), GE Energy (U.S), JSC Alnas (Russia), National Oil Varco Inc. (U.S.), Tenaris S.A. (Luxembourg), Kudu Industries Inc. (Canada) etc are among the companies profiled in the report.

We have used various secondary sources - encyclopedia, directories, association reports, government reports, and annual reports of companies and databases to identify and collect information useful for this extensive commercial study of artificial lift component market. The primary sources – experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of artificial lifts.

Scope of the report:
This research report categorizes the market for artificial lift components on the basis of lift types, its components and countries; forecasting revenues and analyzing trends in each of the submarkets.

On the basis of types: The artificial lift systems market is segmented for lift types including Electric submersible pump system, progressive cavity pump system and rod lift. Each type is further described in detail in the report with revenues forecast.

On the basis of lift components: The artificial lift component market is segmented for lift components including pump, motor, separator, cable, drive head, pump jack, sucker rod, rod pump for ESPs, PCPs and rod lift system. Each component market is further described in detail in the report with revenues forecast.

On the basis of countries: U.S., Canada, Russia, China and Venezuela and key trends of each country.

Table of Contents

1.Introduction (Slide No. - 14)
   1.1 Key Take-Aways
   1.2 Report Description
       1.2.1 Report Catalyst
       1.2.2 Report Structure
  1.3 Stakeholders
  1.4 Research Methodology
      1.4.1 Market Size
      1.4.2 Key Data Points Taken From Secondary Sources
      1.4.3 Key Data Points Taken From Primary Sources
      1.4.4 Assumptions Made For This Report
  1.5 Key Questions Answered

2.Executive Summary (Slide No. - 22)

3.Premium Insights (Slide No. - 26)
  3.1 Artificial Lift Systems Component Market Segment
  3.2 Artificial Lift Component Market Dynamics
  3.3 Artificial Lift Component Market Outlook
      3.3.1 Electric Submersible Pump System Component Market Outlook
      3.3.2 Progressive Cavity Pump System Component Market Outlook
      3.3.3 Rod Lift Component Market Outlook

4.Market Overview (Slide No. - 22)
  4.1 Introduction
  4.2 Value Chain Analysis
      4.2.1 Manufacturers
      4.2.2 Suppliers & Distributors
      4.2.3 End-Users
  4.3 Market Dynamics
      4.3.1 Drivers
            4.3.1.1 Increasing Deep, Ultra-Deep Offshore And Heavy Oil Production
            4.3.1.2 Enhanced Production Requirements In Mature Fields
      4.3.2 Restraint
            4.3.2.1 Lack Of Industry Professionals
      4.3.3 Opportunity
            4.3.3.1 Booming Subsea Operations
  4.4 Burning Issues
      4.4.1 Consolidation Of Artificial Lift Systems Markets
  4.5 Winning Imperatives
      4.5.1 New Technology & Component Development
  4.6 Porter’s Five Forces Analysis
      4.6.1 Suppliers’ Power
      4.6.2 Buyer’s Power
      4.6.3 Threat Of New Entrants
      4.6.4 Threat Of Substitutes
      4.6.5 Degree Of Competition

5. Artificial Lift Systems Component Market, By Installations (Slide No. - 61)
  5.1 Electric Submersible Pump System Component Market
  5.2 Progressive Cavity Pump System Component Market
  5.3 Rod Lift Component Market

6.Artificial Lift Systems Component Market, By Country (Slide No. - 69)
  6.1 U.S.
  6.2 Canada
  6.3 Russia
  6.4 China
  6.5 Venezuela
 
7.Competitive Landscape (Slide No. - 86)
  7.1 Introduction
  7.2 Expansion: The Most Popular Growth Strategy
  7.3 Maximum Developments In 2012
  7.4 North America: Region With Maximum Developments
  7.5 Ge Energy (U.S.), Tenaris (Luxembourg), Baker Hughes (U.S.), Borets (Russia): The Most Active Participants

8.Company Profiles (Overview, Financial*, Products & Services, Strategy, And Developments) (Slide No. - 94)
  8.1 Baker Hughes Inc.
  8.2 Borets Company Llc
  8.3 General Electric Energy
  8.4 Halliburton Company
  8.5 Jsc “Alnas”
  8.6 Kudu Industries Llc
  8.7 National Oilwell Varco Inc.
  8.8 Norris Production Solutions
  8.9 Schlumberger Limited
  8.10 Tenaris S.A.
  8.11 Torqueflow Sydex Ltd
  8.12 Weatherford International Ltd

*Details Might Not Be Captured In Case Of Unlisted Companies.

List Of Tables  (3 Tables)

Table 1 Heavy Oil Reserve, By Major Country, 2010 (Billion Barrel)
Table 2 Global Offshore Expenditure, By Types, 2011 – 2018 ($Billion) 
Table 3 Market Consolidation Activities, By Major Players, 2010 - 2013


List of Figures  (48 Figures)

Figure 1  Artificial Lift Systems: Market Revenue, By Country, 2012/2018 
Figure 2  Artificial Lift Component: Market Revenue, By Country, 2012 ($Million) 
Figure 3  Artificial Lift Components: Addressable Market 
Figure 4  Artificial Lift Components: Market Dynamics 
Figure 5  Artificial Lift Component: Market Drivers VS Restraints 
Figure 6  ESP Pump: Market Share, By Country, 2012 
Figure 7  ESP Separator: Market Share, By Country, 2012 
Figure 8  ESP Motor: Market Share, By Country, 2012 
Figure 9  ESP Cable: Market Share, By Country, 2012 
Figure 10  PCP Pump: Market Share, By Country, 2012 
Figure 11  PCP Drive Head: Market Share, By Country, 2012 
Figure 12  Rod Pump: Market Share, By Country, 2012 
Figure 13  Rod Lift Pump Jack: Market Share, By Country, 2012 
Figure 14  Rod Lift Sucker Rod: Market Share, By Country, 2012 
Figure 15  Artificial Lift Systems: Market Revenue, By Geography, 2012/2018 ($Million) 
Figure 16  Artificial Lift Systems: Market Revenue, By Lift Type, 2012/2018 ($Million) 
Figure 17  Artificial Lift Component Market: Value Chain Analysis 
Figure 18  Impact of Major Drivers On Artificial Lift Component Market, 2013 – 2018 
Figure 19  Number of Subsea Wells Start-Up, 2010 – 2012 
Figure 20  Impact of Major Restraint On Artificial Lift Component Market, 2013 – 2018 
Figure 21  Impact of Major Opportunities In Artificial Lift Component Market, 2013 – 2018 
Figure 22  Porter’s Five Forces Analysis 
Figure 23  ESPs:  Market Share, By Installation Type, 2012 
Figure 24  ESPs Installations: Market Share, By Unit Type (Addition Or Replacement), 2012 
Figure 25  ESPs: Market Share, By Components, 2012 
Figure 26  PCPs: Market Share, By Components, 2012 
Figure 27  PC Pump: Market Share, By Installation Type, 2012 
Figure 28  Rod Lift: Market Share, By Components, 2012 
Figure 29  Rod Lift: Market Share, By Installation Type, 2012 
Figure 30  U.S.: ESPs Component Market Trend & Forecast, 2011 - 2018 ($Million) 
Figure 31  U.S.: PCPs Component Market Trend & Forecast, 2011 - 2018 ($Million) 
Figure 32  U.S.: Rod Lift Component Market Trend & Forecast, 2011 - 2018 ($Million) 
Figure 33  Canada: ESPs Component Market Trend & Forecast, 2011 - 2018 ($Million) 
Figure 34  Canada: PCPs Component Market Trend And Forecast, 2011 - 2018 ($Million) 
Figure 35  Canada: Rod Lift Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 36  Russia: ESPs Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 37  Russia: PCPs Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 38  Russia: Rod Lift Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 39  China: ESPs Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 40  China: PCPs Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 41  China: Rod Lift Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 42  Venezuela: ESPs Component Market Trend & Forecast, 2011 - 2018 ($Million)
Figure 43  Venezuela: PCPs Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 44  Venezuela: Rod Lift Component Market Trend And Forecast, 2011 - 2018 ($Million)
Figure 45  ALS Component: Market Strategy Distribution, By Geography, 2010 – 2013
Figure 46  ALS Component: Market Developments, 2010 – 2013
Figure 47  ALS Component: Market Growth Strategies, By Geography, 2010 – 2013
Figure 48  ALS Component: Market Activity Share, By Companies, 2010 – 2013

The global artificial lift systems market is witnessing high growth of around 9.5% on an account of increased utilization, technological advancements, and growing oil production activities in the major oil importing and exporting countries. Artificial lift systems components market is composed of component markets of all lift types and further component market consists of replacement and new installation market.

Due to low run life of some components such as pump, motor with respect to other components, E&P companies spending on component replacement makes up a large sub-market within artificial lift systems market and with rise in installed base of lift system; component replacement market grows in an ordered manner. Currently, Russia, U.S., and Canada are the biggest pump replacement market on the globe for ESPs, Rod lift and PCPs. The component replacement market is also emerging in other countries like China and Venezuela.

Moreover, in countries like U.S., Russia, and Canada; unconventional hydrocarbon production, heavy oil & CBM gas production has provided an opportunity for ESPs, PCPs, and rod lifts, thus widening the market revenue for the manufacturers. Hence, providing boost to artificial lift systems market.

The key manufacturers of artificial lift systems components such as: Weatherford International Ltd (Switzerland), Schlumberger Ltd (U.S.), Baker Hughes Incorporated (U.S.), GE Energy (U.S), JSC Alnas (Russia), National Oil Varco Inc. (U.S.), Tenaris S.A. (Luxembourg), Kudu Industries Inc. (Canada), etc. are investing in mergers & acquisitions and business expansion activities to expand its product line and geographical reach.

Artificial Lift Component: Market Revenue, By Country, 2012 ($Million)

Artificial Lift Systems Market

Source: MarketsandMarkets Analysis

This report covers the artificial lift systems market by key countries, which include U.S., Canada, Russia, China, and Venezuela. It provides detailed segmentation of artificial lift component market on the basis of types including ESPs, PCPs, and rod lift. It also segments the market into components, along with its estimation till 2018.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports