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 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.
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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.
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Artificial Lift Market by Mechanism (Positive displacement, Dynamic displacement & Gas assisted), &Types (Rod Lift, ESP, PCP, Gas Lift) - Global Trends & Forecasts To 2019
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)
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.
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.Artificial Lift Systems 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 Market
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 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 Artificial Lift Systems 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 ($Million)
Figure 3 Artificial Lift Components: Addressable Market
Figure 4 Artificial Lift Components: Market Dynamics
Figure 5 Artificial Lift Systems Market Drivers VS Restraints
Figure 6 ESP Pump: Market Share, By Country, 2012
Figure 7 ESP Separator: Market Share, By Country, 2012
Figure 8 ESP Motor: Market Share, By Country, 2012
Figure 9 ESP Cable: Market Share, By Country, 2012
Figure 10 PCP Pump: Market Share, By Country, 2012
Figure 11 PCP Drive Head: Market Share, By Country, 2012
Figure 12 Rod Pump: Market Share, By Country, 2012
Figure 13 Rod Lift Pump Jack: Market Share, By Country, 2012
Figure 14 Rod Lift Sucker Rod: Market Share, By Country, 2012
Figure 15 Artificial Lift Systems Market: Revenue, By Geography, 2012/2018 ($Million)
Figure 16 Artificial Lift Component Market Revenue, By Lift Type, 2012/2018 ($Million)
Figure 17 Artificial Lift Systems Market Value Chain Analysis
Figure 18 Impact of Major Drivers On Artificial Lift Component Market, 2013 – 2018
Figure 19 Number of Subsea Wells Start-Up, 2010 – 2012
Figure 20 Impact of Major Restraint On Artificial Lift Systems Market, 2013 – 2018
Figure 21 Impact of Major Opportunities In Artificial Lift Component Market, 2013 – 2018
Figure 22 Porter’s Five Forces Analysis
Figure 23 ESPs: Artificial Lift Systems Market Share, By Installation Type, 2012
Figure 24 ESPs Installations: Market Share, By Unit Type (Addition Or Replacement), 2012
Figure 25 ESPs: Market Share, By Components, 2012
Figure 26 PCPs: Market Share, By Components, 2012
Figure 27 PC Pump: Artificial Lift Systems Market Share, By Installation Type, 2012
Figure 28 Rod Lift: Market Share, By Components, 2012
Figure 29 Rod Lift: Market Share, By Installation Type, 2012
Figure 30 U.S.: ESPs Component Market Trend & Forecast, 2011 - 2018 ($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 ($Million)
Figure 38 Russia: Artificial Lift Systems Market Trend And Forecast, 2011 - 2018 ($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
Growth opportunities and latent adjacency in Artificial Lift Systems Market