Artificial Lift Market

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Artificial Lift Market by Type(ESP, PCP, Rod Lift, Gas Lift, and Others); Mechanism(Pump Assisted (Positive Displacement, Dynamic Displacement), Gas Assisted); Well Type(Horizontal, Vertical); Application(Onshore, Offshore); Region - Global Forecast to 2025

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Report Code: EP 3045 Mar, 2020, by marketsandmarkets.com

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[164 Pages Report] The global artificial lift market is projected to reach USD 10.3 billion by 2025 from an estimated USD 8.0 billion in 2020, at a CAGR of 5.0% during the forecast period. Increasing efforts by upstream companies to enhance the production from the mature fields is driving the artificial lift market.

Artificial Lift Market

By type, the rod lift segment is expected to make the most significant contribution to the artificial lift market during the forecast period.

Rod lift, beam lift, or sucker rod lift refer to an artificial lift system that uses a surface power source to drive a downhole pump assembly. The unit is made of several components used in both surface and subsurface. Depending on the size of the equipment, this lifting method can pump up to 1,000 BPD. Rod lifts have high salvage value for downhole equipments and can handle gas and corrosion efficiently during the artificial lift process. Such benefits are expected to boost the demand for artificial lift in the coming years. Thus, the rising need to prevent gas & corrosion handling during artificial lift operations is driving the rod lift segment.

By application, the offshore segment is expected to grow at the fastest rate during the forecast period.

The offshore segment is expected to grow at the fastest rate during the forecast period. Artificial lift methods such as hydraulic pumping, gas lift, ESP, and PCP are most prominently used in offshore oil wells. The companies have been exploring the offshore locations for oil & gas production owing to the fact that offshore has huge untapped reserves. Thus, the offshore market is a more capital-intensive segment as compared to onshore. According to the IEA, between 2019 and 2040, 2,500�3,000 offshore projects are likely to undergo decommissioning, as they have attained their operational lives. The Gulf of Mexico and the North Sea have the highest number of maturing shallow fields. Thus, such maturing shallow fields have created demand opportunities for artificial lift methods in the Gulf of Mexico and the North Sea regions.

Artificial Lift Market

North America is expected to be the largest market during the forecast period.

North America, Europe, South & Central America, Asia Pacific, Middle East & Africa are the major regions considered for the study of the artificial lift market. North America is estimated to be the largest market from 2020 to 2025, driven by the redevelopment of shale reserves and growth in unconventional resources in the US and Canada. Additionally, the demand for artificial lift operations in the maturing offshore fields in the Gulf of Mexico and other onshore fields in the US is expected to drive market growth.

Key Market Players

The major players in the global artificial lift market are Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), NOV (US), Borets International (Russia), Oilserv (UAE), JJ Tech (US), Apergy (US), DistributionNow (US), Novomet (Russia), AccessESP (US), and Valiant Artificial lift Solutions (US).

Scope of the Report

Report Metric	Details
Market Size available for years	2018�2025
Base year considered	2019
Forecast period	2020�2025
Forecast units	Value (USD)
Segments covered	Type, Mechanism, Application, Well Type, and Region
Geographies covered	Asia Pacific, North America, Europe, the Middle East & Africa, and South & Central America
Companies covered	Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), NOV (US), Borets International (Russia), Oilserv (UAE), JJ Tech (US), Apergy (US), DistributionNow (US), Novomet (Russia), AccessESP (US)

This research report categorizes the artificial lift market based on type, mechanism, well type, application, and region.

Based on type, the artificial lift market has been segmented as follows:

ESP
PCP
Gas Lift
Rod lift
Others (hydraulic pumping systems and plunger lift)

Based on mechanism, the artificial lift market has been segmented as follows:

Pump Assisted
- Positive Displacement
- Dynamic Displacement
Gas-Assisted

Based on the well type, the artificial lift market has been segmented as follows:

Horizontal
Vertical

Based on application, the artificial lift market has been segmented as follows:

Onshore
Offshore

Based on the region, the artificial lift market has been segmented as follows:

North America
Asia Pacific
South & Central America
Europe
Middle East & Africa

Recent Developments

In January 2019, Weatherford launched a production & optimization platform ForeSite. This platform can harness the historical trend of real-time data and use physics-based models into an intuitive and visual interface, which helps to optimize performance.
In January 2019, ESP and Baker Hughes worked together to design a customized, efficient artificial lift solution for the wells in the Bouri Field.
In March 2017, Schlumberger introduced its product lifecycle management service, the Lift IQ service. It offers monitoring, diagnostics-, and optimization of artificial lift systems in real-time. The Lift IQ securely procures, transmits, analyzes, and interprets data from customer wells to improve production efficiency, extend the equipment lifecycle, and reduce operating costs.

Key Questions Addressed by the Report

The report identifies and addresses the key segments of the artificial lift market, which will help manufacturers and service providers review the growth in demand.
The report helps system providers understand the pulse of the market and provides insights regarding the drivers, restraints, opportunities, and challenges.
The report will help key players understand the strategies of their competitors better and make more pivotal strategic decisions.
The report addresses the market share analysis of key players in the artificial lift market, and with the help of this, companies can enhance their revenues in the respective markets.
The report provides insights about emerging geographies for artificial lift, and hence, the entire market ecosystem can gain a competitive advantage.

Frequently Asked Questions (FAQ):

Which type segments will have the maximum opportunity to grow during the forecast period?

The ESP (Electrical Submersible Pumps) type is expected to witness the highest growth rate owing to rise in directional well drilling. ESP has more than 50% share in the North American region. Moreover, the South & Central American Government is focusing on deepwater projects to increase the production of conventional oil & gas reserves in countries such as Venezuela, and Brazil. Which is expected to drive the ESP segment during the forecast period.

Which of the artificial lift well type segment will lead by 2025?

The horizontal segment of the artificial lift is projected to grow at the highest growth rate due to large discoveries of shale reserves in North America region.

What will be the revenue pockets for the Artificial Lift market in the next five years?

Redevelopment of mature oil fields and new offshore oilfield discoveries are likely to be the revenue pockets for the Artificial lift in the next five years.

Which will be the leading regions with the largest market share by 2025?

North America will be the leading region with largest market share by 2025, owing to the discoveries in shale gas reserves and increasing hydraulic fracturing in the US. .

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 17)
    1.1 OBJECTIVES OF THE STUDY
    1.2 DEFINITION
           1.2.1 ARTIFICIAL LIFT MARKET, BY MECHANISM: INCLUSIONS VS. EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 22)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
           2.1.1.1 Key data from secondary sources
           2.1.1.1 Key data from primary sources
           2.1.1.2 Breakdown of primaries
    2.2 SCOPE
    2.3 KEY INFLUENCING FACTORS/DRIVERS
           2.3.1 WELL COUNT
           2.3.2 PRODUCTION TRENDS
           2.3.3 CRUDE OIL PRICES
    2.4 MARKET SIZE ESTIMATION
           2.4.1 IDEAL DEMAND-SIDE ANALYSIS
                    2.4.1.1 Assumptions
                    2.4.1.2 Calculation
           2.4.2 SUPPLY-SIDE ANALYSIS
                    2.4.2.1 Assumptions
                    2.4.2.2 Calculation
           2.4.3 FORECAST
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.6 PRIMARY INSIGHTS

3 EXECUTIVE SUMMARY (Page No. - 32)

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE ARTIFICIAL LIFT MARKET
    4.2 ARTIFICIAL LIFT MARKET, BY TYPE
    4.3 ARTIFICIAL LIFT MARKET, BY MECHANISM
    4.4 ARTIFICIAL LIFT MARKET, BY WELL TYPE
    4.5 ARTIFICIAL LIFT MARKET, BY APPLICATION
    4.6 ARTIFICIAL LIFT MARKET, BY REGION
    4.7 NORTH AMERICAN ARTIFICIAL LIFT MARKET, BY APPLICATION & COUNTRY

5 MARKET OVERVIEW (Page No. - 41)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Continuous shale development activities
                    5.2.1.2 Rising investments in the upstream oil & gas sector
                    5.2.1.3 Heavy oil production
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing adoption of renewable energy in Europe
                    5.2.2.2 Lack of skilled labor
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Redevelopment of mature oilfields
                    5.2.3.2 New offshore oilfield discoveries
           5.2.4 CHALLENGES
                               5.2.4.1.1 Application of ALMs in horizontal wells
    5.3 SUPPLY CHAIN OVERVIEW
           5.3.1 KEY INFLUENCERS
                    5.3.1.1 Equipment manufacturers
                    5.3.1.2 Service providers
                    5.3.1.3 Oilfield operators

6 ARTIFICIAL LIFT MARKET, BY TYPE (Page No. - 48)
    6.1 INTRODUCTION
    6.2 ROD LIFT
           6.2.1 RISING DEMAND FOR HANDLING CORROSIVE GASES DURING ARTIFICIAL LIFT OPERATIONS IS DRIVING THE ROD LIFT SEGMENT
    6.3 ELECTRICAL SUBMERSIBLE PUMP (ESP)
           6.3.1 DEMAND FOR ESPS IS EXPECTED TO INCREASE DUE TO THE RISE IN OPERATIONS IN DIRECTIONAL WELLS
    6.4 GAS LIFT
           6.4.1 HIGH EFFICIENCY RATE FOR HIGH GAS TO OIL RATIO WELLS IS SET TO BOOST THE DEMAND FOR GAS LIFT SYSTEMS
    6.5 PROGRESSIVE CAVITY PUMP (PCP)
           6.5.1 RISE IN DEMAND FOR ARTIFICIAL LIFT IN SHALLOW WELLS IS LIKELY TO   INCREASE THE DEMAND FOR PCPS
    6.6 OTHERS

7 ARTIFICIAL LIFT MARKET, BY MECHANISM (Page No. - 55)
    7.1 INTRODUCTION
    7.2 PUMP ASSISTED
           7.2.1 POSITIVE DISPLACEMENT
                    7.2.1.1 Increasing adoption of rod lift pumps and PCPs in North American and the Middle East & African regions is likely to drive the positive displacement market
           7.2.2 DYNAMIC DISPLACEMENT
                    7.2.2.1 Rise in multistage drilling operations owing to development in shale reservoirs drives the dynamic displacement segment
    7.3 GAS ASSISTED
           7.3.1 INCREASING ADOPTION OF GAS ASSISTED SYSTEMS ACROSS VERTICAL GAS WELLS IS LIKELY TO DRIVE THE SEGMENT

8 ARTIFICIAL LIFT MARKET, BY WELL TYPE (Page No. - 61)
    8.1 INTRODUCTION
    8.2 HORIZONTAL
           8.2.1 LARGE DISCOVERIES OF SHALE RESERVES ARE EXPECTED TO DRIVE THE HORIZONTAL WELL SEGMENT IN NORTH AMERICA
    8.3 VERTICAL
           8.3.1 MATURING VERTICAL OIL & GAS WELLS ARE DRIVING THE GLOBAL ARTIFICIAL LIFT MARKET

9 ARTIFICIAL LIFT MARKET, BY APPLICATION (Page No. - 65)
    9.1 INTRODUCTION
    9.2 ONSHORE
           9.2.1 REDEVELOPMENT OF MATURE ONSHORE OILFIELDS ALONG WITH GROWING SHALE ACTIVITIES TO DRIVE THE ONSHORE ARTIFICIAL LIFT MARKET
    9.3 OFFSHORE
           9.3.1 MATURING SHALLOW OILFIELDS ARE DRIVING THE OFFSHORE ARTIFICIAL LIFT MARKET

10 ARTIFICIAL LIFT MARKET, BY REGION (Page No. - 70)
     10.1 INTRODUCTION
     10.2 NORTH AMERICA
             10.2.1 BY TYPE
             10.2.2 BY MECHANISM
                        10.2.2.1 By pump assisted mechanism
             10.2.3 BY WELL TYPE
             10.2.4 BY APPLICATION
             10.2.5 BY COUNTRY
                        10.2.5.1 US
                                     10.2.5.1.1 Development of shale gas reserves and increased hydraulic fracturing activities to drive the US artificial lift market
                        10.2.5.2 Canada
                                     10.2.5.2.1 Rising production of tight oil and liquid-rich natural gas formations in Alberta drive the artificial lift market in Canada
     10.3 EUROPE
             10.3.1 BY TYPE
             10.3.2 BY MECHANISM
                        10.3.2.1 By pump assisted mechanism
             10.3.3 BY WELL TYPE
             10.3.4 BY APPLICATION
             10.3.5 BY COUNTRY
                        10.3.5.1 Russia
                                     10.3.5.1.1 Investments in the Arctic offshore is expected to drive the offshore artificial lift market in Russia
                        10.3.5.2 UK
                                     10.3.5.2.1 Redevelopment of brownfields drives the artificial lift market in the UK
                        10.3.5.3 Norway
                                     10.3.5.3.1 Increasing offshore exploration & production activities in the Norwegian Continental Shelf (NCS) drive the artificial lift market
                        10.3.5.4 Rest of Europe
     10.4 ASIA PACIFIC
             10.4.1 BY TYPE
             10.4.2 BY MECHANISM
                        10.4.2.1 By pump assisted mechanism
             10.4.3 BY WELL TYPE
             10.4.4 BY APPLICATION
             10.4.5 BY COUNTRY
                        10.4.5.1 China
                                     10.4.5.1.1 Depleting giant oil & gas fields and increasing crude oil imports favor the implementation of artificial lift in China
                        10.4.5.2 Indonesia
                                     10.4.5.2.1 Decline in oil & gas production is expected to support the growth of EOR applications and drive the artificial lift market
                        10.4.5.3 Malaysia
                                     10.4.5.3.1 Rising deepwater explorations and enhancing oil & gas production from existing fields drive the artificial lift market
                        10.4.5.4 India
                                     10.4.5.4.1 Rising investments for offshore exploration & production activities are expected to drive the artificial lift market
                        10.4.5.5 Rest of Asia Pacific
     10.5 SOUTH & CENTRAL AMERICA
             10.5.1 BY TYPE
             10.5.2 BY MECHANISM
                        10.5.2.1 By pump assisted mechanism
             10.5.3 BY WELL TYPE
             10.5.4 BY APPLICATION
             10.5.5 BY COUNTRY
                        10.5.5.1 Venezuela
                                     10.5.5.1.1 Production of heavy oil and redevelopment of mature oilfield drive the artificial lift market
                        10.5.5.2 Brazil
                                     10.5.5.2.1 Investments in deepwater offshore wells drive the artificial lift market in Brazil
                        10.5.5.3 Mexico
                                     10.5.5.3.1 Investments for developing unconventional reserves to drive the artificial lift market in Mexico
                        10.5.5.4 Colombia
                                     10.5.5.4.1 Increasing exploration and production activities owing to favorable regulatory reforms drive the artificial lift market
                        10.5.5.5 Ecuador
                                     10.5.5.5.1 Increasing production from oil reserves drives the demand for artificial lift in the country
                        10.5.5.6 Rest of South & Central America
     10.6 MIDDLE EAST & AFRICA
             10.6.1 BY TYPE
             10.6.2 BY MECHANISM
                        10.6.2.1 By pump assisted mechanism
             10.6.3 BY WELL TYPE
             10.6.4 BY APPLICATION
             10.6.5 BY COUNTRY
                        10.6.5.1 Angola
                                     10.6.5.1.1 Increasing offshore exploration & production activities owing to substantial investments are likely to drive the artificial lift market in Angola
                        10.6.5.2 Oman
                                     10.6.5.2.1 Increasing production from maturing brownfields owing to favorable government initiative drives the artificial lift market
                        10.6.5.3 Nigeria
                                     10.6.5.3.1 Developments of mature oil & gas fields and exploration & production activities in deep- and ultra-deepwater boost the artificial lift market during the forecast period
                        10.6.5.4 Saudi Arabia
                                     10.6.5.4.1 Increasing crude production from declining reserves and development of new unconventional resource in the offshore region drive the artificial lift market
                        10.6.5.5 Kuwait
                                     10.6.5.5.1 Upcoming investments for the development of oilfields are likely to boost the artificial lift market
                        10.6.5.6 UAE
                                     10.6.5.6.1 ESP applications at existing mature fields act as a driving force for artificial lift services in the UAE
                        10.6.5.7 Rest of the Middle East & Africa

11 COMPETITIVE LANDSCAPE (Page No. - 111)
     11.1 OVERVIEW
     11.2 COMPETITIVE LEADERSHIP MAPPING
             11.2.1 VISIONARY LEADERS
             11.2.2 INNOVATORS
             11.2.3 DYNAMIC DIFFERENTIATORS
             11.2.4 EMERGING COMPANIES
     11.3 RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2019
     11.4 COMPETITIVE SCENARIO
             11.4.1 NEW PRODUCT LAUNCHES
             11.4.2 CONTRACTS & AGREEMENTS
             11.4.3 MERGERS & ACQUISITIONS
             11.4.4 INVESTMENTS & EXPANSIONS
             11.4.5 PARTNERSHIPS, COLLABORATIONS, ALLIANCES, AND JOINT VENTURES

12 COMPANY PROFILES (Page No. - 117)
     12.1 SCHLUMBERGER
             12.1.1 BUSINESS OVERVIEW
             12.1.2 PRODUCTS OFFERED
             12.1.3 RECENT DEVELOPMENTS
             12.1.4 SWOT ANALYSIS
             12.1.5 MNM VIEW
     12.2 WEATHERFORD INTERNATIONAL
             12.2.1 BUSINESS OVERVIEW
             12.2.2 PRODUCTS OFFERED
             12.2.3 RECENT DEVELOPMENTS
             12.2.4 SWOT ANALYSIS
             12.2.5 MNM VIEW
     12.3 HALLIBURTON
             12.3.1 BUSINESS OVERVIEW
             12.3.2 PRODUCTS OFFERED
             12.3.3 RECENT DEVELOPMENTS
             12.3.4 SWOT ANALYSIS
             12.3.5 MNM VIEW
     12.4 BAKER HUGHES COMPANY
             12.4.1 BUSINESS OVERVIEW
             12.4.2 PRODUCTS OFFERED
             12.4.3 RECENT DEVELOPMENTS
             12.4.4 SWOT ANALYSIS
             12.4.5 MNM VIEW
     12.5 NOV
             12.5.1 BUSINESS OVERVIEW
             12.5.2 PRODUCTS OFFERED
             12.5.3 SWOT ANALYSIS
             12.5.4 MNM VIEW
     12.6 BORETS INTERNATIONAL
             12.6.1 BUSINESS OVERVIEW
             12.6.2 PRODUCTS OFFERED
             12.6.3 RECENT DEVELOPMENTS
             12.6.4 MNM VIEW
     12.7 APERGY
             12.7.1 BUSINESS OVERVIEW
             12.7.2 PRODUCTS OFFERED
             12.7.3 MNM VIEW
     12.8 DISTRIBUTIONNOW
             12.8.1 BUSINESS OVERVIEW
             12.8.2 PRODUCTS OFFERED
     12.9 JJ TECH
             12.9.1 BUSINESS OVERVIEW
             12.9.2 PRODUCTS OFFERED
     12.10 OILSERV
             12.10.1 BUSINESS OVERVIEW
             12.10.2 PRODUCTS OFFERED
     12.11 NOVOMET
             12.11.1 BUSINESS OVERVIEW
             12.11.2 PRODUCTS OFFERED
     12.12 ACCESSESP
             12.12.1 BUSINESS OVERVIEW
             12.12.2 PRODUCTS OFFERED
             12.12.3 RECENT DEVELOPMENTS
     12.13 PCM ARTIFICIAL LIFT SOLUTIONS INC.
             12.13.1 BUSINESS OVERVIEW
             12.13.2 PRODUCTS OFFERED
     12.14 PRIORITY ARTIFICIAL LIFT SERVICES
             12.14.1 BUSINESS OVERVIEW
             12.14.2 PRODUCTS OFFERED
             12.14.3 RECENT DEVELOPMENTS
     12.15 CAMCO
             12.15.1 BUSINESS OVERVIEW
             12.15.2 PRODUCTS OFFERED
     12.16 VALIANT ARTIFICIAL LIFT SOLUTIONS
             12.16.1 BUSINESS OVERVIEW
             12.16.2 PRODUCTS OFFERED
     12.17 MIDDLE EAST OILFIELD SERVICES
             12.17.1 BUSINESS OVERVIEW
             12.17.2 PRODUCTS OFFERED
     12.18 EPIC LIFT SYSTEMS
             12.18.1 BUSINESS OVERVIEW
             12.18.2 PRODUCTS OFFERED
     12.19 MAKTOOM TRADING & CONTRACTING COMPANY
             12.19.1 BUSINESS OVERVIEW
             12.19.2 PRODUCTS OFFERED
     12.20 PRODUCTION LIFT COMPANIES
             12.20.1 BUSINESS OVERVIEW
             12.20.2 PRODUCTS OFFERED

13 APPENDIX (Page No. - 157)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS� SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

LIST OF TABLES (102 Tables)

TABLE 1 ARTIFICIAL LIFT MARKET: PLAYERS/COMPANIES CONNECTED
TABLE 2 ARTIFICIAL LIFT MARKET SNAPSHOT
TABLE 3 HORIZONTAL WELL: ARTIFICIAL LIFT METHODS
TABLE 4 COMPARISION CHART OF ARTIFICIAL LIFT METHODS
TABLE 5 ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 6 ROD LIFT: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 7 ESP: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 8 GAS LIFT: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 9 PCP: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 10 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 11 ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2018�2025 (USD MILLION)
TABLE 12 PUMP ASSISTED: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 13 PUMP ASSISTED: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 14 POSITIVE DISPLACEMENT: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 15 DYNAMIC DISPLACEMENT: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 16 GAS ASSISTED: ARTIFCIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 17 ARTIFICIAL LIFT MARKET SIZE, BY WELL TYPE, 2018�2025 (USD MILLION)
TABLE 18 HORIZONTAL: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 19 VERTICAL: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 20 ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 21 ONSHORE: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 22 OFFSHORE: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 23 ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018�2025 (USD MILLION)
TABLE 24 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 25 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2018�2025 (USD MILLION)
TABLE 26 PUMP ASSISTED MECHANISM: NORTH AMERICAN ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 27 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY WELL TYPE, 2018�2025 (USD MILLION)
TABLE 28 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 29 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2018�2025 (USD MILLION)
TABLE 30 US: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 31 US: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 32 CANADA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 33 CANADA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 34 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 35 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2018�2025 (USD MILLION)
TABLE 36 PUMP ASSISTED MECHANISM: EUROPEAN ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 37 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY WELL TYPE, 2018�2025 (USD MILLION)
TABLE 38 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 39 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2018�2024 (USD MILLION)
TABLE 40 RUSSIA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 41 RUSSIA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 42 UK: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 43 UK: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 44 NORWAY: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 45 NORWAY: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 46 REST OF EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 47 REST OF EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 48 ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 49 ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2018�2025 (USD MILLION)
TABLE 50 PUMP ASSISTED MECHANISM: ASIA PACIFIC ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 51 ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY WELL TYPE, 2018�2025 (USD MILLION)
TABLE 52 ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 53 ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2018�2025 (USD MILLION)
TABLE 54 CHINA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 55 CHINA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 56 INDONESIA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 57 INDONESIA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 58 MALAYSIA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 59 MALAYSIA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 60 INDIA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 61 INDIA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 62 REST OF ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 63 REST OF ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 64 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 65 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2018�2025 (USD MILLION)
TABLE 66 PUMP ASSISTED MECHANISM: SOUTH & CENTRAL AMERICAN ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 67 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY WELL TYPE, 2018�2025 (USD MILLION)
TABLE 68 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 69 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2018�2025 (USD MILLION)
TABLE 70 VENEZUELA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 71 VENEZUELA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 72 BRAZIL: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 73 BRAZIL: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 74 MEXICO: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 75 MEXICO: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 76 COLOMBIA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 77 COLOMBIA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 78 ECUADOR: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 79 ECUADOR: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 80 REST OF SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 81 REST OF SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 82 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 83 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2018�2025 (USD MILLION)
TABLE 84 PUMP ASSISTED MECHANISM: MIDDLE EAST & AFRICAN ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 85 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY WELL TYPE, 2018�2025 (USD MILLION)
TABLE 86 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 87 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2017�2024 (USD MILLION)
TABLE 88 ANGOLA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 89 ANGOLA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 90 OMAN: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 91 OMAN: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 92 NIGERIA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 93 NIGERIA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 94 SAUDI ARABIA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 95 SAUDI ARABIA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 96 KUWAIT: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 97 KUWAIT: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 98 UAE: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 99 UAE: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 100 REST OF MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2018�2025 (USD MILLION)
TABLE 101 REST OF MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018�2025 (USD MILLION)
TABLE 102 DEVELOPMENTS OF KEY PLAYERS IN THE MARKET, 2017-2019

LIST OF FIGURES (59 Figures)

FIGURE 1 ARTIFICIAL LIFT MARKET: RESEARCH DESIGN
FIGURE 2 OPERATIONAL WELL COUNT VS. CRUDE OIL PRODUCTION (2013�2019)
FIGURE 3 CRUDE OIL PRICE TREND, 2014�2019
FIGURE 4 RESEARCH METHODOLOGY: ILLUSTRATION OF ARTIFICIAL LIFT COMPANY REVENUE ESTIMATION (2019)
FIGURE 5 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
FIGURE 6 DATA TRIANGULATION METHODOLOGY
FIGURE 7 NORTH AMERICA DOMINATED THE ARTIFICIAL LIFT MARKET IN 2019
FIGURE 8 ESP SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025
FIGURE 9 PUMP ASSISTED SEGMENT IS EXPECTED TO LEAD THE ARTIFICIAL LIFT MARKET, BY MECHANISM, DURING THE FORECAST PERIOD
FIGURE 10 HORIZONTAL SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 11 ONSHORE SEGMENT IS EXPECTED TO DOMINATE THE ARTIFICIAL LIFT MARKET, BY APPLICATION, DURING THE FORECAST PERIOD
FIGURE 12 REDEVELOPMENT OF MATURE OILFIELDS ALONG WITH NEW OFFSHORE OILFIELD DISCOVERIES TO DRIVE THE ARTIFICIAL LIFT MARKET, 2020�2025
FIGURE 13 ROD LIFT SEGMENT IS EXPECTED TO DOMINATE THE ARTIFICIAL LIFT MARKET, BY TYPE, DURING THE FORECAST PERIOD
FIGURE 14 PUMP ASSISTED SEGMENT DOMINATED THE ARTIFICIAL LIFT MARKET, BY MECHANISM, IN 2019
FIGURE 15 HORIZONTAL SEGMENT IS EXPECTED TO DOMINATE THE ARTIFICIAL LIFT MARKET, BY WELL TYPE, DURING THE FORECAST PERIOD
FIGURE 16 ONSHORE SEGMENT DOMINATED THE ARTIFICIAL LIFT MARKET, BY APPLICATION, IN 2019
FIGURE 17 MIDDLE EAST& AFRICAN ARTIFICIAL LIFT MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 18 ONSHORE SEGMENT AND THE US DOMINATED THE NORTH AMERICAN ARTIFICIAL LIFT MARKET IN 2019
FIGURE 19 ARTIFICIAL LIFT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 20 TOP COUNTRIES WITH RECOVERABLE SHALE RESOURCES, 2018
FIGURE 21 GLOBAL OIL & GAS UPSTREAM CAPITAL SPENDING (2016�2019)
FIGURE 22 NEW OFFSHORE OILFIELDS, BY OPERATOR, 2018
FIGURE 23 ARTIFICIAL LIFT SUPPLY CHAIN
FIGURE 24 ROD LIFT SEGMENT IS EXPECTED TO DOMINATE THE ARTIFICIAL LIFT MARKET DURING THE FORECAST PERIOD
FIGURE 25 PUMP ASSISTED SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE ARTIFICIAL LIFT MARKET IN 2019
FIGURE 26 HORIZONTAL SEGMENT DOMINATED THE ARTIFICIAL LIFT MARKET, BY WELL TYPE, IN 2019
FIGURE 27 ONSHORE WELL SEGMENT IS EXPECTED TO LEAD THE ARTIFICIAL LIFT MARKET FROM 2020 TO 2025
FIGURE 28 ARTIFICIAL LIFT MARKET IN THE MIDDLE EAST & AFRICA IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 29 NORTH AMERICA DOMINATED THE ARTIFICIAL LIFT MARKET IN 2019
FIGURE 30 NORTH AMERICA: MARKET SNAPSHOT
FIGURE 31 EUROPE: MARKET SNAPSHOT
FIGURE 32 KEY DEVELOPMENTS IN THE ARTIFICIAL LIFT MARKET, JANUARY 2017-FEBRUARY 2019
FIGURE 33 ARTIFICIAL LIFT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 34 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
FIGURE 35 SCHLUMBERGER: COMPANY SNAPSHOT
FIGURE 36 SCHLUMBERGER: SWOT ANALYSIS
FIGURE 37 WEATHERFORD INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 38 WEATHERFORD: SWOT ANALYSIS
FIGURE 39 HALLIBURTON: COMPANY SNAPSHOT
FIGURE 40 HALLIBURTON: SWOT ANALYSIS
FIGURE 41 BAKER HUGHES COMPANY: COMPANY SNAPSHOT
FIGURE 42 BAKER HUGHES COMPANY: SWOT ANALYSIS
FIGURE 43 NOV: COMPANY SNAPSHOT
FIGURE 44 NOV: SWOT ANALYSIS
FIGURE 45 BORETS INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 46 APERGY: COMPANY SNAPSHOT
FIGURE 47 DISTRIBUTIONNOW: COMPANY SNAPSHOT
FIGURE 48 JJ TECH: COMPANY SNAPSHOT
FIGURE 49 OILSERV: COMPANY SNAPSHOT
FIGURE 50 NOVOMET: COMPANY SNAPSHOT
FIGURE 51 ACCESSESP: COMPANY SNAPSHOT
FIGURE 52 PCM ARTIFICIAL LIFT SOLUTIONS INC.: COMPANY SNAPSHOT
FIGURE 53 PRIORITY ARTIFICIAL LIFT SERVICES: COMPANY SNAPSHOT
FIGURE 54 CAMCO: COMPANY SNAPSHOT
FIGURE 55 VALIANT ARTIFICIAL LIFT SOLUTIONS: COMPANY SNAPSHOT
FIGURE 56 MIDDLE EAST OILFIELD SERVICES: COMPANY SNAPSHOT
FIGURE 57 EPIC LIFT SYSTEMS: COMPANY SNAPSHOT
FIGURE 58 MAKTOOM: COMPANY SNAPSHOT
FIGURE 59 PRODUCTION LIFT COMPANIES: COMPANY SNAPSHOT

This study involved four major activities in estimating the current size of the global artificial lift market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to determine the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover�s, 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. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The artificial lift market comprises several stakeholders, such as end-product manufacturers, service providersm, and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as upstream/oilfield operators, and others. The supply-side is characterized by artificial lift service providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents are given below:

Artificial Lift Market

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global artificial lift market and its dependent submarkets. These methods were also used extensively to determine the extent of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry and demand have been identified through extensive secondary research, and their market share have been determined through both primary and secondary research.
The industry�s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.

Report Objectives

To define, describe, segment, and forecast the global artificial lift market based on type, mechanism, well type, application, and region.
To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
To strategically analyze the global artificial lift market with respect to individual growth trends, future expansions, and contribution of each segment to the market.
To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders.
To forecast the growth of the global artificial lift market with respect to the main regions (North America, Europe, Middle East & Africa, Asia Pacific, and South & Central America.
To profile and rank key players and comprehensively analyze their market share.
To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the artificial lift market.

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 or country-specific analysis

Artificial Lift Market

Artificial Lift Market by Type(ESP, PCP, Rod Lift, Gas Lift, and Others); Mechanism(Pump Assisted (Positive Displacement, Dynamic Displacement), Gas Assisted); Well Type(Horizontal, Vertical); Application(Onshore, Offshore); Region - Global Forecast to 2025

Get in-depth analysis of the COVID-19 impact on the Artificial Lift Market

By type, the rod lift segment is expected to make the most significant contribution to the artificial lift market during the forecast period.

By application, the offshore segment is expected to grow at the fastest rate during the forecast period.

North America is expected to be the largest market during the forecast period.

Key Market Players

Scope of the Report

Based on type, the artificial lift market has been segmented as follows:

Based on mechanism, the artificial lift market has been segmented as follows:

Based on the well type, the artificial lift market has been segmented as follows:

Based on application, the artificial lift market has been segmented as follows:

Based on the region, the artificial lift market has been segmented as follows:

Recent Developments

Key Questions Addressed by the Report

Frequently Asked Questions (FAQ):

Secondary Research

Primary Research

Market Size Estimation

Data Triangulation

Report Objectives

Available Customizations:

Regional Analysis

Company Information

Growth opportunities and latent adjacency in Artificial Lift Market

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