Artificial Lift Market by Type (Electrical Submersible Pumps, Rod Lift, Progressive Cavity Pumps, Gas Lift, and Others), Mechanism (Pump Assisted and Gas Assisted), Application (Onshore and Offshore), and Region - Global Forecasts to 2021

The global artificial lift market is estimated to be USD 7.62 billion in 2016, and is expected to grow at a CAGR of 4.91% from 2016 to 2021. Increasing heavy oil production and shale gas production are major factors driving the artificial lift market. The years considered for the study are as follows:

• Historical Year – 2014
• Base Year – 2015
• Estimated Year – 2016
• Projected Year – 2021
• Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

• To define, describe, and forecast the global artificial lift market by type, mechanism, application, and region
• To provide detailed information regarding major factors influencing the growth of the artificial lift market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the artificial lift market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the artificial lift market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global artificial lift market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

• Study of annual revenue and market developments of major players that provide artificial lift systems
• Analysis of major applications of and demand for artificial lifts for oil & gas operators
• Assessment of future trends and growth of onshore and offshore applications
• Assessment of the artificial lift market with respect to the type of artificial lift methods used for different applications
• Study of market trends in various regions/countries supported by various types of artificial lift methods used for onshore and offshore applications
• Study of contracts and developments related to the artificial lift market by key players across different regions
• Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing artificial lifts across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global artificial lift market starts with the manufacture of components, such as piston, valves, pumps, cables, motors, and so on. The manufactured parts are then assembled by the OEM to form various artificial lift systems, which are then tested. This stage is followed by the distribution stage, following which, the product is provided to the oil & gas operators.

Target Audience:

The report’s target audience includes:

• Artificial lift equipment manufacturers
• Oilfield service companies
• Private E&P companies
• National Oil Companies (NOCs)
• Government and research organizations
• National and local government organizations
• Institutional investors
• Drilling contractors and production planning consultancies
• Associations ( American Petroleum Institute and Canadian Association of Petroleum Producers among others)

Scope of the Report:

• By Type
  • Electrical Submersible Pumps
  • Rod Lift
  • Progressive Cavity Pumps
  • Gas Lift
  • Others
• By Mechanism
  • Pump Assisted
    • Dynamic Displacement
    • Positive Displacement
  • Gas Assisted
• By Application
  • Onshore
  • Offshore
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • South & Central America
  • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Artificial Lift Market: Market Segmentation
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    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 Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)
    3.1 Introduction
    3.2 Historical Backdrop, Evolution, & Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 30)
    4.1 North America is Expected to Hold the Largest Market Share During the Forecast Period
    4.2 Artificial Lift Market, By Application
    4.3 Artificial Lift Market, By Type
    4.4 Artificial Lift Market, By Mechanism
    4.5 North America: Artificial Lift Market

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Mechanism
           5.2.3 By Application
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Heavy Oil Production
                    5.3.1.2 Increasing Shale Gas Production
           5.3.2 Restraints
                    5.3.2.1 Lack of Skilled Labor
           5.3.3 Opportunities
                    5.3.3.1 Redevelopment of Mature Fields
           5.3.4 Challenges
                    5.3.4.1 Application of Artificial Lift in Horizontal Wells
    5.4 Value Chain Analysis

6 Artificial Lift Market, By Type (Page No. - 43)
    6.1 Introduction
    6.2 Electrical Submersible Pumps
    6.3 Rod Lift
    6.4 Progressive Cavity Pumps
    6.5 Gas Lift
    6.6 Others

7 Artificial Lift Market, By Mechanism (Page No. - 50)
    7.1 Introduction
    7.2 Pump Assisted
           7.2.1 Positive Displacement
           7.2.2 Dynamic Displacement
    7.3 Gas Assisted

8 Artificial Lift Market, By Region (Page No. - 55)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
    8.3 Europe
           8.3.1 Russia
           8.3.2 U.K.
           8.3.3 Norway
           8.3.4 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 Indonesia
           8.4.3 Malaysia
           8.4.4 India
           8.4.5 Rest of Asia-Pacific
    8.5 South & Central America
           8.5.1 Venezuela
           8.5.2 Brazil
           8.5.3 Mexico
           8.5.4 Colombia
           8.5.5 Ecuador
           8.5.6 Rest of South & Central America
    8.6 Middle East & Africa
           8.6.1 Angola
           8.6.2 Oman
           8.6.3 Nigeria
           8.6.4 Kuwait
           8.6.5 Saudi Arabia
           8.6.6 Uae
           8.6.7 Rest of the Middle East & Africa

9 Competitive Landscape (Page No. - 87)
    9.1 Overview
    9.2 Competitive Situation & Trends
    9.3 Contracts & Agreements
    9.4 New Product Developments
    9.5 Expansions
    9.6 Mergers & Acquisitions
    9.7 Other Developments

10 Company Profiles (Page No. - 102)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     10.1 Introduction
     10.2 Schlumberger Limited
     10.3 Weatherford International PLC
     10.4 Baker Hughes Incorporated
     10.5 General Electric Company
     10.6 Halliburton Company
     10.7 National Oilwell Varco, Inc.
     10.8 Borets International Limited
     10.9 Dover Corporation
     10.10 Flotek Industries, Inc.
     10.11 J J Tech
     10.12 John Crane Group

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 137)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports

List of Tables (68 Tables)

Table 1 Comparison Chart of Lift Types
Table 2 Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 3 Electrical Submersible Pumps: Artificial Lift Market Size, By Region, 2014–2021 (USD Million)
Table 4 Rod Lift: Artificial Lift Market Size, By Region, 2014–2021 (USD Million)
Table 5 Progressive Cavity Pumps: Artificial Lift Market Size, By Region, 2014–2021 (USD Million)
Table 6 Gas Lift: Artificial Lift Market Size, By Region, 2014–2021 (USD Million)
Table 7 Others: Artificial Lift Market Size, By Region, 2014–2021 (USD Million)
Table 8 Artificial Lift Market Size, By Mechanism, 2014–2021 (USD Million)
Table 9 Artificial Lift Market Size, By Pump Assisted Mechanism, 2014–2021 (USD Million)
Table 10 Pump Assisted: Artificial Lift Market Size, By Region, 2014–2021 (USD Million )
Table 11 Positive Displacement: Artificial Lift Market Size, By Region, 2014–2021 (USD Million )
Table 12 Dynamic Displacement: Artificial Lift Market Size, By Region, 2014–2021 (USD Million )
Table 13 Gas Assisted: Artificial Lift Market Size, By Region, 2014–2021 (USD Million)
Table 14 Artificial Lift Market Size, By Region, 2014–2021 (USD Million)
Table 15 North America: Artificial Lift Market Size, By Country, 2014–2021 (USD Million)
Table 16 North America: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 17 North America: Artificial Lift Market Size, By Mechanism, 2014–2021 (USD Million)
Table 18 North America: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014–2021 (USD Million)
Table 19 North America: Artificial Lift Market Size, By Application, 2014–2021 (USD Million)
Table 20 U.S.: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 21 Canada: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 22 Europe: Artificial Lift Market Size, By Country, 2014–2021 (USD Million)
Table 23 Europe: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 24 Europe: Artificial Lift Market Size, By Mechanism, 2014–2021 (USD Million)
Table 25 Europe: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014–2021 (USD Million)
Table 26 Europe: Artificial Lift Market Size, By Application, 2014–2021 (USD Million)
Table 27 Russia: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 28 U.K.: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 29 Norway: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 30 Rest of Europe: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 31 Asia-Pacific: Artificial Lift Market Size, By Country, 2014–2021 (USD Million)
Table 32 Asia-Pacific: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 33 Asia-Pacific: Artificial Lift Market Size, By Mechanism, 2014–2021 (USD Million)
Table 34 Asia-Pacific: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014–2021 (USD Million)
Table 35 Asia-Pacific: Artificial Lift Market Size, By Application, 2014–2021 (USD Million)
Table 36 China: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 37 Indonesia: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 38 Malaysia: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 39 India: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 40 Rest of Asia-Pacific: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 41 South & Central America: Artificial Lift Market Size, By Country, 2014–2021 (USD Million)
Table 42 South & Central America: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 43 South & Central America: Artificial Lift Market Size, By Mechanism, 2014–2021 (USD Million)
Table 44 South & Central America: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014–2021 (USD Million)
Table 45 South & Central America: Artificial Lift Market Size, By Application, 2014–2021 (USD Million)
Table 46 Venezuela: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 47 Brazil: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 48 Mexico: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 49 Colombia: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 50 Ecuador: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 51 Rest of South & Central America: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 52 Middle East & Africa: Artificial Lift Market Size, By Country, 2014–2021 (USD Million)
Table 53 Middle East & Africa: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 54 Middle East & Africa: Artificial Lift Market Size, By Mechanism, 2014–2021 (USD Million)
Table 55 Middle East & Africa: Artificial Lift Market Size, By Pump Assisted Mechanism, 2014–2021 (USD Million)
Table 56 Middle East & Africa: Artificial Lift Market Size, By Application, 2014–2021 (USD Million)
Table 57 Angola: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 58 Oman: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 59 Nigeria: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 60 Kuwait: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 61 Saudi Arabia: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 62 Uae: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 63 Rest of the Middle East & Africa: Artificial Lift Market Size, By Type, 2014–2021 (USD Million)
Table 64 Contracts & Agreements, 2016
Table 65 New Product Developments, 2015–2016
Table 66 Expansions, 2014–2016
Table 67 Mergers & Acquisitions, 2014–2016
Table 68 Other Developments, 2012–2016

List of Figures (53 Figures)

Figure 1 Artificial Lift Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 North America Accounted for the Largest Market Share in the Artificial Lift Market in 2015
Figure 7 ESP Segment is Expected to Dominate the Artificial Lift Market During the Forecast Period
Figure 8 Pump Assisted Segment is Expected to Witness the Maximum Demand During the Forecast Period
Figure 9 North America is Projected to Dominate the Artificial Lift Market, 2016–2021
Figure 10 Onshore Segment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 11 Top Market Developments (2012–2016)
Figure 12 Attractive Market Opportunities in the Artificial Lift Market, 2016–2021
Figure 13 The Artificial Lift Market in Middle East & Africa is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 14 Onshore Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 15 Demand for the Electrical Submersible Pumps Segment is Expected to Dominate the Artificial Lift Market, 2016–2021
Figure 16 Gas Assisted Mechanism Segment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 17 U.S. Accounted for the Largest Share in the North American Artificial Lift Market in 2015
Figure 18 Artificial Lift Market Segmentation
Figure 19 Artificial Lift Market, By Type
Figure 20 Artificial Lift Market, By Mechanism
Figure 21 Artificial Lift Market, By Application
Figure 22 Artificial Lift Market, Geographic Scope
Figure 23 Market Dynamics: Artificial Lift Market
Figure 24 Recoverable Heavy Oil Resources By Major Countries, 2015
Figure 25 Shale Gas Production in Key Countries, 2015
Figure 26 Value Chain Analysis: Major Value is Added During Operation & After Sales Phase
Figure 27 Electrical Submersible Pumps Segment is Expected to Dominate the Market With the Maximum Share During the Forecast Period
Figure 28 Pump Assisted Segment is Expected to Be the Largest Artificial Market During the Forecast Period
Figure 29 Regional Snapshot (2015): the Middle East & African Region is Emerging as New Hotspot for Artificial Lift Market
Figure 30 Middle East & Africa: the Fastest Growing Artificial Lift Market, 2016–2021
Figure 31 North America: Artificial Lift Market Overview
Figure 32 Europe: Artificial Lift Market Overview
Figure 33 Companies Adopted Contracts & Agreements as the Key Growth Strategy, 2012–2016
Figure 34 Market Share Analysis, By Revenue, 2015
Figure 35 Market Evaluation Framework, 2012–2016
Figure 36 Battle for Market Share: Contracts & Agreements Was the Key Growth Strategy, 2012–2016
Figure 37 Regional Revenue Mix of Top 5 Market Players
Figure 38 Schlumberger Limited: Company Snapshot
Figure 39 Schlumberger Limited: SWOT Analysis
Figure 40 Weatherford International PLC: Company Snapshot
Figure 41 Weatherford International PLC: SWOT Analysis
Figure 42 B Aker Hughes Incorporated: Company Snapshot
Figure 43 B Aker Hughes Incorporated: SWOT Analysis
Figure 44 General Electric Company: Company Snapshot
Figure 45 General Electric Company: SWOT Analysis
Figure 46 Halliburton Company: Company Snapshot
Figure 47 Halliburton Company: SWOT Analysis
Figure 48 National Oilwell Varco, Inc.: Company Snapshot
Figure 49 National Oilwell Varco, Inc.: SWOT Analysis
Figure 50 Borets International Limited: Company Snapshot
Figure 51 Dover Corporation: Company Snapshot
Figure 52 Flotek Industries, Inc.: Company Snapshot
Figure 53 John Crane Group: Company Snapshot

The global artificial lift market is projected to grow at a CAGR of 4.91% from 2016 to 2021, to reach a market size of USD 9.69 Billion by 2021. This growth is attributed to increasing oil & gas production from unconventional resources such as shale gas, heavy oil, and tight oil.

The report segments the artificial lift market on the basis of mechanism into pump assisted and gas assisted. The pump assisted segment is projected to dominate the artificial lift market.

The artificial lift market is segmented based on type into electrical submersible pumps, rod lift, progressive cavity pumps, gas lift, and others. Others include hydraulic pumping systems and plunger lift. The electrical submersible pumps sub-segment accounted for the largest market share in 2015 and is expected to grow at the highest CAGR during the forecast period. These pumps are being increasingly adopted due to their sustained performance and high operating volume.

The report segments the artificial lift market based on application into onshore and offshore. The onshore segment is expected to grow at the fastest rate during the forecast period, owing to rising oil & gas production from unconventional resources. In offshore applications, the artificial lift methods are used for subsea production and deepwater gas lift wells in order to enhance the productivity of well. This segment is expected to create new revenue pockets for the artificial lift market during the forecast period.

In this report, the artificial lift market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South & Central America, and the Middle East & Africa. North America is expected to dominate the global artificial lift market during the forecast period, owing to the increasing use of artificial lift systems for shale gas production.

The Middle East & Africa market is projected to grow at the highest CAGR from 2016 to 2021 due to the presence of natural gas reserves and mature fields. Nigeria, Angola, Oman, and Kuwait are expected to drive the artificial lift market in the Middle East & Africa region.

Lack of skilled labour could be a restraint for the artificial lift market. Flow assurance, equipment abrasion, and well integrity are the key challenges for the artificial lift market. So, sound knowledge of parameters such as wellbore geometry, total well depth, and bottom hole pressure is required in order to implement artificial lift techniques. Any failure can delay the production process and can impact the operator’s revenue.

Leading players in the artificial lift market include Schlumberger Limited (U.S.), Weatherford International plc (Switzerland), Baker Hughes Incorporated (U.S.), General Electric Company (U.S.), and Halliburton Company (U.S.). Contracts & agreements was the strategy most commonly adopted by top players in the market from 2012 to 2016. It was followed by new product development, expansions, and mergers & acquisitions.

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