Pune, India -- (SBWire) -- 08/07/2018 --The Global Artificial Lift Market research 2018 highlights the major details and provides in-depth analysis of the market along with the future growth and prospects. The reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends and demands with the help of 15 Chapters, complete report with 128 Pages, figures, graphs and table of contents to analyze the situations of global Artificial Lift market and Assessment to 2023. Artificial Lift market globally is witnessing good traction which is evident by the global Artificial Lift report. The report provides the customers a thorough coverage of the Artificial Lift industry performance over the last 5 years, and an accurate estimation of the market performance substantiated by the observed market trends over the years. Furthermore, the report covers accurate projection of the Artificial Lift Market for the forecast period of 2018-2023.
Artificial lift is a method used to lower the producing bottomhole pressure (BHP) on the formation to obtain a higher production rate from the well. This can be done with a positive-displacement downhole pump, such as a beam pump or a progressive cavity pump (PCP), to lower the flowing pressure at the pump intake. It also can be done with a downhole centrifugal pump, which could be a part of an electrical submersible pump (ESP) system. Most oil wells require artificial lift at some point in the life of the field, and many gas wells benefit from artificial lift to take liquids off the formation so gas can flow at a higher rate.
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Of the different artificial lift technologies, Rod lift is the largest segment in quantity and ESP is the fastest growing and largest revenue segment. Rod lift is expected to continue its dominating position in the next five years due to a global increase field decline and ESP is projected to grow much slower than the last five years as new oil wells are expected to grow quite moderately.
North America is the largest artificial lift market with the fast growing shale gas production. US and Russia are the largest ESP market and Canada is the largest PCP market.
The artificial lift market scale is likely to decrease and more M&A expected in the next few years. Although sales of Artificial Lift brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Artificial Lift field.
The worldwide market for Artificial Lift is expected to grow at a CAGR of roughly 1.2% over the next five years, will reach 10200 million US$ in 2023, from 9550 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers:
- General Electric
- Baker Hughes
- Halliburton
- Dover
- National Oilwell Varco
- Borets
- Cameron
- Novomet and more
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The Artificial Lift industry report has an in-depth coverage of the market along with multiple segmentations of the Artificial Lift such as by type, application, and region among others.
Market Segment by Regions, regional analysis covers: North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
The report further covers the detailed analysis substantiated with suitable statistics of the factors, opportunities, challenges, and prospects for the players in the Artificial Lift. Moreover, the report covers all the top players in the Artificial Lift which is inclusive of a detailed company profile, the products on offer, and revenue and market share of each player.
Market Segment by Type, covers:
- ESP
- PCP
- Hydraulic Pumps
- Gas Lift
- Plunger Lift
Market Segment by Applications, can be divided into:
- Onshore
- Offshore
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There are 15 Chapters to deeply display the Global Artificial Lift market.
Chapter 1: to describe Artificial Lift Introduction, product scope, market overview, market opportunities, market risk, market driving force, Chapter 2: to analyze the top manufacturers of Artificial Lift, with sales, revenue, and price of Artificial Lift, in 2016 and 2018
Chapter 3: to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2018, Chapter 4: to show the global market by regions, with sales, revenue and market share of Artificial Lift, for each region, from 2012 to 2018
Chapter 5, 6, 7, 8 and 9: to analyze the key regions, with sales, revenue and market share by key countries in these regions; Chapter 10 and 11: to show the market by type and application, with sales market share and growth rate by type, application, from 2012 to 2018
Chapter 12: Artificial Lift market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023, Chapter 13, 14 and 15: to describe Artificial Lift sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
List of Tables:
Market Overview
Manufacturers Profiles
Global Artificial Lift Sales, Revenue, Market Share and Competition by Manufacturer (2016-2018)
Global Artificial Lift Market Analysis by Regions
North America Artificial Lift by Countries
Europe Artificial Lift by Countries
Asia-Pacific Artificial Lift by Countries and more……….
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Artificial Lift Market 2018 Analyzed by Top 5 Key Players by Size, Revenue and Forecasts to 2023
The Global Artificial Lift market report has been compiled by the best subject matter experts and market research professionals to ensure that the data in the report is obtained from the most authentic sources and the forecast is of the highest accuracy.