HOME Top Market Reports Artificial Lift Market: By Types (Rod Lift, ESP, PCP, Gas Lift) & Geography - Global Trends & Forecasts to 2018

Artificial Lift Market: By Types (Rod Lift, ESP, PCP, Gas Lift) & Geography - Global Trends & Forecasts to 2018

By: marketsandmarkets.com
Publishing Date: March 2013
Report Code: EP 1334

 

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Please click here to get the relevant report of 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 is used to provide adequate pressure in a low reservoir pressure well to thrust the crude to the surface. This artificial lifting is executed using two methods - first method involves usage of a gas lift to create the upward movement of produced fluids; the other lifting method uses the support of downhole pumps which function with electricity. The lifts can be widely classified by their movement as positive displacement pumps and dynamic displacement pumps.

Artificial lifts are suitable for conventional crude production, unconventional crude production, deep and ultra-deep offshore production, rehabilitation of fields, redevelopment of mature fields, low API crude, early production systems, enhanced oil recovery methods, other recovery methods such as Steam Assisted Gravity Drainage (SAGD), Circulated Steam Simulation (CSS) and Cold Heavy Oil Production (CHOPS).

Conventional methods of recovery activities need to be revived to parallel production to the current levels of demand. About 70% of the global crude oil production is derived from mature fields, of which, most experience reservoir pressure deficiency, which is a crucial production parameter. This situation necessitates the entry of artificial lift equipment. E&P industry’s focus shift towards unconventional hydrocarbon sources and subsea operations is due to the falling profits from older fields that are in dire need to undergo redevelopment. There is also a need for growing global energy demand. Artificial lifts of various types support different purposes which encompass all types of recovery activities from transforming stripper wells into financially viable wells, to bituminous crude production and high operating volume offshore production.

Growing production in some parts of the world such as Canada and Venezuela promise the growth of artificial lifts, fields in the Middle East region are undergoing redevelopment, processes where the use of artificial lifts is inevitable. Russia is currently a successful market and also is a prospective market considering its high production from mature fields which require artificial lifts to have successful production rates. South Eastern countries which have been engaged in offshore production for decades demand these lifts to enhance production rates. The fastest growing region is expected to be South & Central America, followed by Middle East and Africa. Currently, the most active market is North America, followed by Europe, reasoned by active implementation of development strategies.

We have used various secondary sources - encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the artificial lift 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.

We have also profiled leading players of this industry with their recent developments and other strategic industry activities, namely 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.), Lufkin Industries Inc. (U.S.), Tenaris S.A. (Luxembourg), Kudu Industries Inc. (Canada), J&J Technical Services LLC (U.S.), and also other market participants.

Scope of the report

This research report categorizes the global market of artificial lifts in the oil and gas industry, on the basis of product types, and geography; forecasting revenue and analyzing trends in each of the submarkets.

On the basis of product type:

  • Electric Submersible Pump (ESP)
  • Rod Lift
  • Progressive Cavity Pump (PCP)
  • Gas Lift and others.

On the basis of geography:

  • North America
  • South & Central America
  • Europe
  • Middle East and Africa
  • Asia-Pacific

Table Of Contents 
 
1 Introduction (Page No. - 16)
  1.1 Key Take-Aways
  1.2 Report Description
  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 Major Secondary Sources Used
      1.4.4 Key Data Points Taken From Primary Sources
      1.4.5 Assumptions Made For This Report
  1.5 Key Questions Answered

2 Executive Summary (Page No. - 20)

3 Market Overview (Page No. - 23)
  3.1 Introduction
  3.2 Value Chain Analysis
      3.2.1 Manufacturers
      3.2.2 Suppliers & Distributors
      3.2.3 End-Users
  3.3 Market Dynamics
      3.3.1 Drivers
            3.3.1.1 Increasing Deep And Ultra-Deep Offshore And Heavy Oil Production
            3.3.1.2 Enhanced Production Requirements In Mature Fields
            3.3.1.3 Growing Energy Demand
      3.3.2 Restraints
            3.3.2.1 Maladaptive Towards Production Environment
            3.3.2.2 Lack Of Industry Professionals
      3.3.3 Opportunities
            3.3.3.1 Rehabilitation And Redevelopment Of Fields
            3.3.3.2 Booming Subsea Operations
      3.3.4 Winning Imperative
            3.3.4.1 Higher Pressure Decline Rate In Unconventional Reservoirs
      3.3.5 Burning Issue
            3.3.5.1 Consolidation Of Artificial Lift Markets
      3.3.6 Porter’s Five Force Analysis
            3.3.6.1 Suppliers’ Power
            3.3.6.2 Threat Of New Entrants
            3.3.6.3 Buyers’ Power
            3.3.6.4 Threat Of Substitutes
            3.3.6.5 Degree Of Competition
      3.3.7 Patents Analysis

4 Artificial Lift Market, By Lift Types (Page No. - 50)
  4.1 Introduction
  4.2 Rod Lift
  4.3 Electric Submersible Pump
  4.4 Progressive Cavity Pump
  4.5 Gas Lift
  4.6 Others

5 Artificial Lift Market, By Geography (Page No. - 64)
  5.1 Introduction
  5.2 North America
      5.2.1 U.S.
      5.2.2 Canada
  5.3 Europe
      5.3.1 Russia
      5.3.2 U.K.
      5.3.3 Norway
  5.4 Asia-Pacific
      5.4.1 China
      5.4.2 Malaysia
      5.4.3 India
      5.4.4 Indonesia
  5.5 Middle East & Africa
      5.5.1 United Arab Emirates (Uae)
      5.5.2 Saudi Arabia
      5.5.3 Oman
      5.5.4 Kuwait
      5.5.5 Nigeria
      5.5.6 Angola
  5.6 South & Central America
      5.6.1 Venezuela
      5.6.2 Brazil
      5.6.3 Mexico

6 Competitive Landscape (Page No. - 113)
  6.1 Introduction
  6.2 Expansions: Most Popular Growth Strategy
  6.3 Maximum Developments In 2012
  6.4 North America: Region With Maximum Developments
  6.5 Tenaris, Baker Hughes & Ge Energy: Most Active Participants
  6.6 Mergers & Acquisitions
  6.7 New Product Launch/Development
  6.8 Agreements & Collaborations
  6.9 Expansions

7 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)* (Page No. - 133)
  7.1 Baker Hughes Inc.
  7.2 Borets Company Llc
  7.3 Can K Group Of Companies
  7.4 Flotek Industries Inc.
  7.5 General Electric Energy
  7.6 Halliburton Company
  7.7 J.J. Technical Services Llc
  7.8 Jsc “Alnas”
  7.9 Kudu Industries Inc.
  7.10 Lufkin Industries Inc.
  7.11 National Oilwell Varco Inc.
  7.12 Norris Production Solutions
  7.13 Novomet
  7.14 Pcm S.A.
  7.15 Schlumberger Limited
  7.16 Tenaris S.A.
  7.17 Torqueflow Sydex Ltd
  7.18 Weatherford International Ltd
  *Details On Overview, Financials, Product & Services, Strategy, And Developments Might Not Be Captured In Case Of Unlisted Companies. 


Appendix (Page No. - 198)
U.S. Patents
Europe Patents
 
 
List Of Tables (93 Tables)
 
Table 1 Artificial Lift Market Revenue, By Geography, 2011 – 2018 ($Million) 
Table 2 Active Artificial Lift Supported Well Count, By Geography, 2011 
Table 3 Artificial Lift On The Basis Of Working Principle
Table 4 Heavy Oil Reserve, By Major Countries, 2010 (Billion Barrel)
Table 5 Global Offshore Expenditure, By Types, 2011 – 2018 ($Billion)
Table 6 Artificial Lift Market Consolidation Trend
Table 7 Artificial Lifts And Factors Resisting Their Growth
Table 8 Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 9 Rod Lift Market Revenue, By Geography, 2012 ($Million)
Table 10 Esp Market Revenue, By Geography, 2012 ($Million)
Table 11 Pcp Market Revenue, By Geography, 2012 ($Million)
Table 12 Gas Lift Market Revenue, By Geography, 2012 ($Million)
Table 13 Other Lifts: Market Revenue, By Geography, 2012 ($Million)
Table 14 North America: Oil Scenario, 2007 – 2011 (Mmboe)
Table 15 North America: Artificial Lift Market Revenue, By Countries, 2011 – 2018 ($Million)
Table 16 U.S: Oil Scenario, 2007 – 2011 (Mmboe)
Table 17 U.S: Artificial Lift Market Revenue, By Lift Types,2011 – 2018 ($Million) 
Table 18 Canada: Oil Scenario, 2007 – 2011 (Mmboe)
Table 19 Canada: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 20 Europe: Oil Scenario, 2007 – 2011 (Mmboe)
Table 21 Europe: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 22 Russia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 23 Russia: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 24 U.K: Oil Scenario, 2007 – 2011 (Mmboe)
Table 25 U.K: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 26 Norway: Oil Scenario, 2007 – 2011 (Mmboe)
Table 27 Norway: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 28 Asia-Pacific: Oil Scenario, 2007 – 2011 (Mmboe)
Table 29 Asia-Pacific: Artificial Lift Market Revenue, By Countries, 2011 – 2018 ($Million)
Table 30 China: Oil Scenario, 2007 – 2011 (Mmboe)
Table 31 China: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 32 Malaysia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 33 Malaysia: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 34 India: Oil Scenario, 2007 – 2011 (Mmboe)
Table 35 India: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 36 Indonesia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 37 Indonesia: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 38 Middle East: Oil Scenario, 2007 – 2011 (Mmboe)
Table 39 Africa: Oil Scenario, 2007 – 2011 (Mmboe)
Table 40 Middle East &Africa: Artificial Lift Market Revenue, By Countries, 2011 – 2018 ($Million) 
Table 41 Uae: Oil Scenario, 2007 – 2011 (Mmboe)
Table 42 Uae: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 43 Saudi Arabia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 44 Saudi Arabia: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million)
Table 45 Oman: Oil Reserves, 2007 – 2011 (Mmboe)
Table 46 Oman: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 47 Kuwait: Oil Scenario, 2007 – 2011 (Mmboe)
Table 48 Kuwait: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 49 Nigeria: Oil Scenario, 2007 – 2011 (Mmboe)
Table 50 Nigeria: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 51 Angola: Oil Scenario, 2007 – 2011 (Mmboe)
Table 52 Angola: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 53 South & Central America: Oil Scenario, 2007 – 2011 (Mmboe)
Table 54 South & Central America: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 55 Venezuela: Oil Scenario, 2007 – 2011 (Mmboe)
Table 56 Venezuela: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 57 Brazil: Oil Scenario, 2007 – 2011 (Mmboe)
Table 58 Brazil: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 59 Mexico: Oil Scenario, 2007 – 2011 (Mmboe)
Table 60 Mexico: Artificial Lift Market Revenue, By Lift Types, 2011 – 2018 ($Million) 
Table 61 Mergers & Acquisitions, 2010 – 2012
Table 62 New Products Launch/Development, 2010 – 2012
Table 63 Agreements & Collaborations, 2010 – 2012
Table 64 Expansions, 2010 – 2012
Table 65 Baker Hughes: Annual Revenue, By Business Segments, 2010 – 2011 ($Million) 
Table 66 Baker Hughes: Products & Its Applications
Table 67 Borets: Products & Its Applications
Table 68 Can-K: Products & Its Applications
Table 69 Flotek: Annual Revenue, By Business Segments, 2010 – 2011 ($Million) 
Table 70 Flotek: Products & Its Applications
Table 71 Ge: Annual Revenue, By Business Segments, 2010 – 2011 ($Million) 
Table 72 Ge Energy: Annual Revenue, By Energy Oilfield Services Business Segment, 2010 – 2011 ($Million)
Table 73 Ge Energy: Products & Its Applications
Table 74 Halliburton: Annual Revenue, By Business Segments, 2010 – 2011 ($Million) 
Table 75 Halliburton: Products & Its Applications
Table 76 J.J.:Products & Its Applications
Table 77 Alnas: Products & Its Applications
Table 78 Kudu: Products & Its Applications
Table 79 Lufkin: Annual Revenue, By Business Segments, 2010 – 2011 ($Million) 
Table 80 Lufkin: Products & Its Applications
Table 81 Nov: Annual Revenue, By Business Segments, 2010 – 2011 ($Million) 
Table 82 Nov: Products & Its Applications
Table 83 Norris: Products & Its Applications
Table 84 Novomet: Products & Its Applications
Table 85 Pcm: Products & Its Applications
Table 86 Schlumberger: Annual Revenue, By Business Segments,2010 – 2011 ($Million) 
Table 87 Schlumberger: Annual Revenue, By Oilfield Services Business Segments, 2010 – 2011 ($Million)
Table 88 Schlumberger: Products & Its Applications
Table 89 Tenaris: Annual Revenue, By Business Segments, 2010 – 2011 ($Million) 
Table 90 Tenaris: Products & Its Applications
Table 91 Torqueflow: Products & Its Applications
Table 92 Weatherford: Total Revenue, 2010 – 2011 ($Million)
Table 93 Weatherford: Annual Revenue, By Business Segments, 2010 – 2011 ($Million) 
 
 
List Of Figures (22 Figures)
 
Figure 1 Artificial Lifts Growth Trends, By Revenue, 2011 – 2018 ($Million) 
Figure 2 Artificial Lift: Value Chain Analysis
Figure 3 Impact Of Major Drivers On Global Artificial Lift Market, 2013 – 2018
Figure 4 Number Of Subsea Wells Start-Up, 2010 – 2012
Figure 5 Impact Of Major Restraints On Global Artificial Lift Market, 2013 – 2018
Figure 6 Impact Of Major Opportunities On Global Lift Market, 2013 – 2018 
Figure 7 Porter’s Five Force Analysis
Figure 8 Patent Analysis, By Region/Country, 2009 – 2012
Figure 9 Patent Trends, By Region/Country, 2009 – 2012
Figure 10 Patent Analysis, By Companies, 2009 – 2012
Figure 11 Artificial Lift Market Penetration, By Lift Types, 2012 Vs 2018
Figure 12 Rod Lift Market Share, By Countries, 2012
Figure 13 Esp Market Share, By Countries, 2012
Figure 14 Pcp Market Share, By Countries, 2012
Figure 15 Gas Lift Market Share, By Countries, 2012
Figure 16 Other Lifts Market Share, By Countries, 2012
Figure 17 Artificial Lift Market Share, By Geography, 2012
Figure 18 Global Artificial Lift Market Share, By Growth Strategies, 2010 – 2012
Figure 19 No Of Developments In Global Artificial Lift Market, 2010 – 2012 
Figure 20 Artificial Lift Growth Strategies Market Share, By Geography, 2010 – 2012 
Figure 21 Global Artificial Lift Market Activities Timeline, 2010 – 2012
Figure 22 Global Artificial Lift Market Share, By Companies, 2010 – 2012

Artificial lift equipment is primarily used to enhance production levels in oilfields. This equipment establishes higher production levels by creating a pressure difference that helps in the upward movement of crude which generally cannot be lifted in the absence of adequate pressure. There are two major methods of artificial lifting—one is using a gas lift and another is by the assistance of downhole pumps of various kinds that function through electricity. Artificial lifts can be broadly classified into two categories by their functions, namely, positive displacement pumps and dynamic displacement pumps.

The artificial lift market is driven by enhanced production requirements in mature fields, increasing subsea production activities and also growing energy demand. These factors encompass different recovery methods efficiency, required in different reservoir and geographical conditions. The global penetration of artificial lifts in production wells is around 91.2% which proves that these lifts are essential for majority of the production activities in various parts of the world. The transforming perspective of the E&P players favors the use of artificial lifts evidently.

The global artificial lift market revenue was estimated to be worth $9.3 billion in 2012, which is expected to reach $16.0 billion by 2018, growing at a CAGR of 9.5% from 2013 to 2018. North America dominated the global artificial lift market, contributing 45.5% in 2012. South & Central America is expected to be the fastest growing market in the near future.

Artificial Lift Market Share, By Geography, 2012

Artificial Lift Systems Market

Source: MarketsandMarkets Analysis

Market players are concentrating on expanding their geographical reach for success. Other development strategies which market players are engaged in are agreements & collaborations, mergers & acquisitions and new products launch & development.

The global energy demand is expected to grow at the rate of 1.6% annually, of which hydrocarbon liquids demand is projected to be at 1.0% by 2018. In serving this demand, the E&P sector is reviving its production methodologies and discovering new recovery methods to make the best use of available resources. These measures in crude production are substantiated by artificial lifts.

The report analyzes the market on the basis of product types, penetration of lifts in each major region and also covers the market behavior of leading producers, key developments, and strategies deployed to sustain and grow in the market.

The key participants in the global artificial lift market are 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.), Lufkin Industries Inc. (U.S.), Tenaris S.A. (Luxembourg), Kudu Industries Inc. (Canada), and J&J Technical Services LLC (U.S.).

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