HOME Top Market Reports Artificial Lift Market by Mechanism (Positive Displacement, Dynamic Displacement & Gas Assisted) & Types (Rod Lift, ESP, PCP, Gas Lift) - Global Trends & Forecasts to 2019

Artificial Lift Market by Mechanism (Positive Displacement, Dynamic Displacement & Gas Assisted) & Types (Rod Lift, ESP, PCP, Gas Lift) - Global Trends & Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: January 2015
Report Code: EP 3045

 

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The Artificial Lift market is expected to grow at a CAGR of 9.6% from 2014 to 2019. North America was the largest regional market for artificial lift in 2013, holding 45.5% share of the global market and is set to continue its dominance through to 2019. South and Central America has emerged as the fastest growing market during the forecast period of 2014 to 2019, expanding at a CAGR of 10.2%, followed by Middle East and Africa at 10.1% and Asia-Pacific at 10%.

The market was segmented on the basis of mechanism, type and region in terms of value and volume. The market segments by mechanism include Positive Displacement, Dynamic Displacement and Gas assisted. The market segments for type includes Rod Lift, Electrical Submersible Pump (ESP), Progressive Cavity Pump (PCP), Gas Lift and Others. The regional segmentation includes value and volume for Asia-Pacific, North America, Europe, South and Central America and the Middle East and Africa.

The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past three years. Market drivers, restraints, opportunities, burning issues and latest industry trends of the market are discussed in detail. The leading players in the market such as Baker Hughes Inc. (U.S.), Schlumberger Ltd (U.S.), Weatherford International Ltd (Switzerland), Halliburton (U.S.), National Oilwell Varco (U.S.), Borets (Russia), Cameron International (U.S.) and Tenaris S.A. (Luxembourg) and others have been profiled in this report.

Artificial Lift Market Size, By Region 2014-2019 ($Million)

Artificial Lift Market

Source: MarketsandMarkets Analysis, e-Estimated

In 2014, North America is estimated to be the largest market for artificial lift and is expected to remain so in 2019. The key players of artificial lift market undertake various contracts and agreements (including joint ventures, collaborations and partnerships) to increase their share in the market. The most number of market developments have been recorded in the North American region. The leading artificial lift companies are expanding rapidly in fast-growing markets like South and Central America and Asia-Pacific by opening new sales and service facilities, expanding manufacturing capacity and establishing specialized research and development centers.

Scope of the Report

This report focuses on the artificial lift market, which has been segmented on the basis of mechanism types, and regions.

On the basis of mechanism

  • Positive Displacement
  • Dynamic Displacement
  • Gas assisted  

On the basis of types
  • Rod Lift
  • Electrical Submersible Pump (ESP)
  • Progressive Cavity Pump (PCP)
  • Gas Lift
  • Others

On the basis of region
  • Asia-Pacific
  • North America
  • Europe
  • Middle East and Africa
  • South and Central America

Customer Interested in this report also can view

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Table of Contents 
 
1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
          1.3.1 Markets Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Package Size
    1.7 Limitations
    1.8 Stakeholders

2 Research Methodoloy (Page No. - 19)
    2.1 Research Data
          2.1.1 Secondary Data
                   2.1.1.1 Key Data From Secondary Sources
          2.1.2 Primary Data
                   2.1.2.1 Key Data From Primary Sources
                   2.1.2.2 Key Industry Insights
                   2.1.2.3 Breakdown of Primary Interviews
    2.2 Factor Analysis
          2.2.1 Introduction
          2.2.2 Rise in Crude Oil Production
          2.2.3 Increasing Capital Spending on Exploration & Production Activities
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions & Limitations
          2.5.1 Assumptions
          2.5.2 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 38)
    4.1 U.S. & Russia: Fastest Growing Markets During the Forecast Period for the Artificial Lift System
    4.2 ESP & ROD Lift Dominated the Artificial Lift Market in 2013
    4.3 North America & Europe Will Be Major Revenue Pockets for the Artificial Lift Market By 2019
    4.4 Artificial Lift Market: Developed vs. Developing Nations
    4.5 Artificial Lift Market Size, By Type, 2019
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 45)
    5.1 Market Evolution
    5.2 Market Segmentation
          5.2.1 By Type
          5.2.2 By Mechanism
          5.2.3 By Region
    5.3 Market Dynamics
          5.3.1 Drivers
                   5.3.1.1 Increasing Heavy Oil Production
                   5.3.1.2 Rising Shale Gas Production
                   5.3.1.3 Deep & Ultra-Deep Drilling Activities
          5.3.2 Restraint
                   5.3.2.1 Lack of Industry Professionals
          5.3.3 Opportunities
                   5.3.3.1 Reclamation and Redevelopment of Field
                   5.3.3.2 Growing Subsea Operations
          5.3.4 Challenge
                   5.3.4.1 Application of Artificial Lift in Horizontal Wells

6 Industry Trends (Page No. - 57)
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis
          6.2.1 Threat of New Entrants
                   6.2.1.1 High Capital Requirement
                   6.2.1.2 High Product Differentiation
          6.2.2 Threat of Substitutes
                   6.2.2.1 No Major Substitute Available
          6.2.3 Bargaining Power of Suppliers
                   6.2.3.1 Low Cost of Switching Suppliers
                   6.2.3.2 Non-Concentration of Suppliers
          6.2.4 Bargaining Power of Buyers
                   6.2.4.1 Ability of Buyers to Integrate Backwards
                   6.2.4.2 Concentration of Buyers in the Market
          6.2.5 Intensity of Rivalry
                   6.2.5.1 Many Equally Sized Competitors

7 Artificial Lift Market, By Mechanism (Page No. - 63)
    7.1 Introduction
    7.2 Positive Displacement
    7.3 Dynamic Displacement
    7.4 Gas Assisted
    7.5 Regional Overview
          7.5.1 Asia-Pacific
          7.5.2 Europe
          7.5.3 Middle East & Africa
          7.5.4 North America
          7.5.5 South & Central America

8 Artificial Lift Market, By Type (Page No. - 76)
    8.1 Introduction
    8.2 Market Estimates, By Type
          8.2.1 ROD Lift
          8.2.2 Electrical Submersible Pump (ESP)
          8.2.3 Progressive Cavity Pump (PCP)
          8.2.4 Gas Lift
          8.2.5 Others
    8.3 Regional Artificial Lift Market, By Type
          8.3.1 Asia-Pacific
                  8.3.1.1 ROD Lift
                  8.3.1.2 ESP
          8.3.2 Europe
                  8.3.2.1 ROD Lift
                  8.3.2.2 ESP
          8.3.3 Middle East & Africa
                  8.3.3.1 ROD Lift
                  8.3.3.2 ESP
          8.3.4 North America
                  8.3.4.1 ROD Lift
                  8.3.4.2 ESP
          8.3.5 South & Central America
                  8.3.5.1 ROD Lift
                  8.3.5.2 ESP

9 Artificial Lift Market, By Region (Page No. - 98)
    9.1 Introduction
    9.2 North America
          9.2.1 U.S.
          9.2.2 Canada
    9.3 South & Central America
          9.3.1 Venezuela
          9.3.2 Brazil
          9.3.3 Mexico
          9.3.4 Colombia
          9.3.5 Ecuador
          9.3.6 Others
    9.4 Europe
          9.4.1 Russia
          9.4.2 U.K.
          9.4.3 Norway
          9.4.4 Others
    9.5 Asia-Pacific
          9.5.1 China
          9.5.2 Malaysia
          9.5.3 India
          9.5.4 Indonesia
          9.5.5 Others
    9.6 Middle East & Africa
          9.6.1 UAE
          9.6.2 Saudi Arabia
          9.6.3 Oman
          9.6.4 Kuwait
          9.6.5 Nigeria
          9.6.6 Angola
          9.6.7 Others

10 Competitive Landscape (Page No. - 139)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Competitive Situation & Trends
     10.4 Contracts & Agreements (Including Partnerships/Joint Ventures/Collaborations)
     10.5 Mergers & Acquisitions
     10.6 Expansions
     10.7 New Product Launches

11 Company Profiles (Page No. - 161)
     11.1 Introduction
     11.2 Baker Hughes Incorporated
             11.2.1 Business Overview
             11.2.2 Product Portfolio
             11.2.3 Key Strategies
             11.2.4 Developments, 2013-2014
             11.2.5 Baker Hughes: SWOT Analysis
             11.2.6 MNM View
     11.3 General Electric Company
             11.3.1 Business Overview
             11.3.2 Product Portfolio
             11.3.3 Key Strategies
             11.3.4 Developments, 2011-2014
             11.3.5 General Electric: SWOT Analysis
             11.3.6 MNM View
     11.4 Halliburton Company
             11.4.1 Business Overview
             11.4.2 Product Portfolio
             11.4.3 Key Strategies
             11.4.4 Developments, 2012-2014
             11.4.5 Halliburton: SWOT Analysis
             11.4.6 MNM View
     11.5 National Oilwell Varco, Inc.
             11.5.1 Business Overview
             11.5.2 Product Portfolio
             11.5.3 Key Strategies
             11.5.4 Developments, 2013-2014
             11.5.5 National Oilwell Varco: SWOT Analysis
             11.5.6 MNM View
     11.6 Schlumberger Limited
             11.6.1 Business Overview
             11.6.2 Product Portfolio
             11.6.3 Key Strategies
             11.6.4 Developments, 2010-2014
             11.6.5 Schlumberger: SWOT Analysis
             11.6.6 MNM View
     11.7 Weatherford International Ltd.
             11.7.1 Business Overview
             11.7.2 Product Portfolio
             11.7.3 Key Strategies
             11.7.4 Developments, 2013-2014
             11.7.5 Weatherford International: SWOT Analysis
             11.7.6 MNM View
     11.8 Cameron International Corporation
             11.8.1 Business Overview
             11.8.2 Product Portfolio
             11.8.3 Key Strategies
             11.8.4 Developments, 2012-2014
     11.9 Dover Corporation
             11.9.1 Business Overview
             11.9.2 Product Portfolio
             11.9.3 Key Strategies
             11.9.4 Developments, 2012-2014
     11.10 Flotek Industries, Inc.
             11.10.1 Business Overview
             11.10.2 Product Offerings
             11.10.3 Key Strategies
             11.10.4 Developments, 2014-2011
     11.11 Tenaris S.A.
             11.11.1 Business Overview
             11.11.2 Product Portfolio
             11.11.3 Key Strategies
             11.11.4 Developments, 2012-2014
     11.12 Borets International Ltd.
             11.12.1 Business Overview
             11.12.2 Product Portfolio
             11.12.3 Key Strategies
             11.12.4 Developments, 2013-2014
     11.13 John Crane Group
             11.13.1 Business Overview
             11.13.2 Product Portfolio
             11.13.3 Key Strategies
             11.13.4 Developments, 2012-2014
     11.14 J&J Technical Services, LLC 
             11.14.1 Business Overview
             11.14.2 Products & Services
             11.14.3 Key Strategies
             11.14.4 Developments, 2011-2014

12 Appendix (Page No. - 233)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
 
 
List of Tables (91 Tables) 
 
Table 1 Increasing Heavy Oil & Shale Gas Production Are Propelling the Growth of the Artificial Lift Market
Table 2 Lack of Industry Professionals Restrain Market Growth
Table 3 Reclamation & Redevelopment of Oilfield & Growing Subsea Operation Are Opportunities for the Artificial Lift Market
Table 4 Application of Artificial Lift in Horizontal Wells is A Challenge
Table 5 Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 6 Positive Displacement Market Size, By Region, 2012-2019 ($Million)
Table 7 Dynamic Displacement Market Size, By Region, 2012-2019 ($Million)
Table 8 Gas Assisted Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 9 Asia-Pacific: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 10 Europe: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 11 Middle East & Africa: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 12 North America: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 13 South & Central America: Artificial Lift Market Size, By Mechanism, 2012-2019 ($Million)
Table 14 Comparison Chart of Lift Types
Table 15 Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 16 ROD Lift: Artificial Lift  Market Size, By Region, 2012-2019 ($Million)
Table 17 ESP: Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 18 PCP: Artificial Lift  Market Size, By Region, 2012-2019 ($Million)
Table 19 Gas Lift : Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 20 Others Market Size, By Region, 2012-2019 ($Million)
Table 21 Asia-Pacific: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 22 Asia-Pacific: ROD Lift Market Size, By Country, 2012 – 2019 ($Million)
Table 23 Asia-Pacific: ESP Market Size, By Country, 2012 – 2019 ($Million)
Table 24 Europe: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 25 Europe: ROD Lift Market Size, By Country, 2012-2019 ($Million)
Table 26 Europe: ESP Market Size, By Country, 2012-2019 ($Million)
Table 27 Middle East & Africa: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 28 Middle East & Africa: ROD Lift Market Size, By Country, 2012 – 2019 ($Million)
Table 29 Middle East & Africa: ESP Market Size, By Country, 2012-2019 ($Million)
Table 30 North America: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 31 North America: ROD Lift Market Size, By Country, 2012-2019 ($Million)
Table 32 North America: ESP Market Size, By Country, 2012-2019 ($Million)
Table 33 South & Central America: Artificial Lift Market Size, By Lift Type, 2012–2019 ($Million)
Table 34 South & Central America: ROD Lift Market Size, By Country, 2012-2019 ($Million)
Table 35 South & Central America: ESP Market Size, By Country, 2012-2019 ($Million)
Table 36 Artificial Lift Market Size, By Region, 2012-2019 ($Million)
Table 37 North America: Oil & Gas Scenario (Volume), 2009 – 2013
Table 38 North America: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 39 U.S.: Oil & Gas Scenario (Volume), 2009 – 2013
Table 40 U.S.: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 41 Canada: Oil & Gas Scenario (Volume), 2009 – 2013
Table 42 Canada: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 43 South & Central America: Oil & Gas Scenario (Volume), 2009 – 2013
Table 44 South & Central America: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 45 Venezuela: Oil & Gas Scenario (Volume), 2009 – 2013
Table 46 Venezuela: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 47 Brazil: Oil & Gas Scenario (Volume), 2009 – 2013
Table 48 Brazil: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 49 Mexico: Oil & Gas Scenario (Volume), 2009 – 2013
Table 50 Mexico: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 51 Colombia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 52 Colombia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 53 Ecuador: Oil & Gas Scenario (Volume), 2009 – 2013
Table 54 Ecuador: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 55 Others: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 56 Europe: Oil & Gas Scenario, 2009 – 2013
Table 57 Europe: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 58 Russia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 59 Russia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 60 U.K.: Oil & Gas Scenario (Volume), 2009 – 2013
Table 61 U.K.: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 62 Norway: Oil & Gas Scenario (Volume), 2009 – 2013
Table 63 Norway: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 64 Others: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 65 Asia-Pacific: Oil & Gas Scenario (Volume), 2009 – 2013
Table 66 Asia-Pacific: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 67 China: Oil & Gas Scenario (Volume), 2009 – 2013
Table 68 China: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 69 Malaysia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 70 Malaysia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 71 India: Oil & Gas Scenario (Volume), 2009 – 2013
Table 72 India: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 73 Indonesia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 74 Indonesia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 75 Others: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 76 Middle East & Africa: Oil & Gas Scenario (Volume), 2009 – 2013
Table 77 Middle East & Africa: Artificial Lift Market Size, By Country, 2012-2019 ($Million)
Table 78 UAE.: Oil & Gas Scenario (Volume), 2009 – 2013
Table 79 UAE: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 80 Saudi Arabia: Oil & Gas Scenario (Volume), 2009 – 2013
Table 81 Saudi Arabia: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 82 Oman: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 83 Kuwait: Oil & Gas Scenario (Volume), 2009 – 2013
Table 84 Kuwait: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 85 Nigeria: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 86 Angola: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 87 Others: Artificial Lift Market Size, By Lift Type, 2012-2019 ($Million)
Table 88 Contracts & Agreements (Including Partnerships/Joint Ventures/Collaborations), 2011–2014
Table 89 Mergers & Acquisitions, 2011-2014
Table 90 Expansions, 2011-2014
Table 91 New Product Launches, 2011-2014
 
 
List of Figures (62 Figures) 
 
Figure 1 Markets Covered: Artificial Lift Market
Figure 1 Artificial Lift Market: Research Design
Figure 2 Crude Oil Production Has Increased By 3 Million BPD in the Past Five Years
Figure 3 Currently, Almost One Million Producing Oil Wells Present in the World
Figure 4 Capital Spending on Exploration & Production Activities to Exceed $700 Billion in 2014
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Data Triangulation Methodology
Figure 7 Global Producing Well Count, 2013
Figure 8 Snapshot: ESP Market to Almost Double Between 2014 & 2019
Figure 9 North America Dominated the Artificial Lift Market in 2013
Figure 10 ESP & ROD Lift Are the Most Promising Future Markets
Figure 11 Positive Displacement Mechanism to Lead the Artificial Lift Market
Figure 12 Cameron International Most Active in Signing Contracts and Agreements, 2011-2014
Figure 13 Attractive Market Opportunities in the Artificial Lift Market
Figure 14 Artificial Lift Market Share, By Top 10 Country, 2013 ($Million)
Figure 15 ESP Dominated the Artificial Lift Market in 2013 ($Million)
Figure 16 North America and Europe Are the Largest Artificial Lift Market
Figure 17 U.S. is the Largest Artificial Lift Market Between 2014 - 2019
Figure 18 Artificial Lift Market Size (Value), By Type, 2019
Figure 19 South & Central America is the Fastest Growing Market
Figure 20 Artificial Lift Increasingly Becoming A Part of Integrated Oilfield Services
Figure 21 Market Segmentation of Artificial Lift
Figure 22 Segmentation of the Artificial Lift Market, By Type
Figure 23 Segmentation of the Artificial Lift Market, By Mechanism
Figure 24 Segmentation of the Artificial Lift Market, By Region
Figure 25 Market Dynamics of Artificial Lift
Figure 26 Projected Heavy Oil Reserve By Major Country, 2014
Figure 27 Shale Gas Production From 2011 to 2020
Figure 28 Value Chain Analysis: Major Value is Added During Operation & After-Sales Phase
Figure 29 Porter’s Five Forces Analysis: Intensity of Rivalry is High in the Artificial Lift Market
Figure 30 Artificial Lift Market Share (Value), By Mechanism, 2013
Figure 31 Artificial Lift Market, By Mechanism, 2014-2019
Figure 32 Positive Displacement Would Drive the Growth of the Artificial Lift Market
Figure 33 Positive Displacement Mechanism Market Share, By Region, 2013
Figure 34 Dynamic Displacement Market Share, By Region, 2013
Figure 35 Gas Assisted Artificial Lift Market Share, By Region, 2013
Figure 36 Artificial Lift Market Share (Value), By Lift Type, 2013
Figure 37 ROD Lift and ESP Are Growing Fast Between 2014 and 2019
Figure 38 Artificial Lift Market Share (Value), By Region, 2013
Figure 39 Regional snapshot – Rapid Grow thing Countries of Artificial Lift Market between  2014-2019
Figure 40 North America is Expected to Dominate the Artificial Lift Market From 2014 to 2019
Figure 41 South & Central America is the Highest Growing Region in the Artificial Lift Market
Figure 42 Oman: Oil & Gas Scenario (Volume), 2009 – 2013
Figure 43 Nigeria: Oil & Gas Scenario (Volume), 2009 – 2013
Figure 44 Angola: Oil & Gas Scenario (Volume), 2009 – 2013
Figure 45 Companies Adopted Various Growth Strategies in the Past Three Years
Figure 46 National Oilwell Varco Grew at the Highest Rate During 2010-2013
Figure 47 Battle for Market Share: Contracts & Agreements is the Key Growth Strategy
Figure 48 Artificial Lift Market Share, By Key Player, 2013
Figure 49 Regional Revenue Mix of the Top 5 Market Players
Figure 50 Baker Hughes Incorporated: Business Overview
Figure 51 General Electric Company: Business Overview
Figure 52 Halliburton Company: Business Overview
Figure 53 National Oilwell Varco: Business Overview
Figure 54 Schlumberger Limited: Business Overview
Figure 55 Weatherford International: Business Overview
Figure 56 Cameron International: Business Overview
Figure 57 Dover Corporation: Business Overview
Figure 58 Flotek Industries: Business Overview
Figure 59 Tenaris: Business Overview
Figure 60 Borets International Ltd: Business Overview
Figure 61 John Crane: Business Overview
Figure 62 J&J Technical Services: Business Overview

The artificial lift market is expected to grow at a CAGR of 9.6% from 2014 to 2019. The global artificial lift market is driven by an evergreen demand for energy substantiated by the usage of hydrocarbon resources. The intensive measures taken by key players in the E&P sector to improve production capacities in both green and brown fields support the need for artificial lifts. The applicability of these lifts in a wide range of production activities and the increase in yields make these a pivoting part in production activities.

Artificial lifts have become a pivoting part of the crude production process, increasing crude oil production efficiency. The primary drivers of the artificial lift market are increasing deep & ultra-deep offshore, heavy & extra heavy oil production, and maturing oil fields.

The artificial lift market segments by mechanism include Positive Displacement, Dynamic Displacement and Gas assisted. The market segments for type includes Rod Lift, Electrical Submersible Pump (ESP), Progressive Cavity Pump (PCP), Gas Lift and Others. The regional segmentation includes value and volume for Asia-Pacific, North America, Europe, South and Central America and the Middle East and Africa.

The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past three years. Market drivers, restraints, opportunities, burning issues and latest industry trends of the market are discussed in detail. The leading players in the market such as Baker Hughes Inc. (U.S.), Schlumberger Ltd (U.S.), Weatherford International Ltd (Switzerland), Halliburton (U.S.), National Oilwell Varco (U.S.), Borets (Russia), Cameron International (U.S.) and Tenaris S.A. (Luxembourg) and others have been profiled in this report.

Artificial Lift Market Size, By Region, 2012–2019 ($Million)

Artificial Lift Market

Source: Secondary Research and MarketsandMarkets Analysis

In 2014, North America is estimated to be the largest market for artificial lift and is expected to remain so in 2019. The key players of artificial lift market undertake various contracts and agreements (including joint ventures, collaborations and partnerships) to increase their share in the market. The most number of market developments have been recorded in the North American region. The leading artificial lift companies are expanding rapidly in fast-growing markets like South and Central America and Asia-Pacific by opening new sales and service facilities, expanding manufacturing capacity and establishing specialized research and development centers.

South and Central America has emerged as the fastest growing market during the forecast period of 2014 to 2019, expanding at a CAGR of 10.2%, followed by Middle East and Africa at 10.1% and Asia-Pacific at 10%.

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