Deerfield Beach, FL -- (SBWIRE) -- 07/22/2016 -- Artificial lift is a system used to increase the oil production from the oil reservoirs. Artificial lift comprises of the various components such as pump, motor, pump jack, drivehead etc. The integration of components form the Artificial lift system. These are used to extract the oil from lowest depths of the reservoir to the surface level. Depleted oil reserves, maturing oil wells and declining oil reservoirs around the world are the major drivers for adoption of the artificial lift in the oil and gas industry.

The artificial lift system generates a high pressure to lift the oil from deep oil wells to the surface area. The increasing global oil exploration activities and decreasing pressure of oil wells are fueling the market growth. However, stringent government regulations and volatility in the oil and gas industry are major threats for the market. Growing demand of the oil field equipment and rising levels of exploration activities would provide the better opportunities to the market.

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The key player in the market are introducing efficient and reliable artificial lift systems to minimize the operational cost. The market is segmented based on the type, components and geography. The type segment comprises of the ESP, PCP, rod lift, plunger lift, gas lift and others. The oil producing companies select artificial lift types based on surface, reservoir, fluid and operational conditions. ESP is a system used for lifting moderate to high volumes of fluids from wellbores. Gas lift is suitable for use for extracting fluids in wells, which have a large presence of gas. The component segment is classified into pump, motor, sucker rods, separators, pump jack, cable system, drivehead, control system, gas-lift mandrel, gas lift valves and others. The market is highlighted across various geographical region such as North America, Europe, Asia-Pacific and LAMEA in order to gain the competitive insights.

Key players in the market include GE energy, National Oil well Varco, Weatherford, Halliburton, Dover Corp., Schlumberger Limited, Tenaris and J J Tech.

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Table Of Content Of Artificial Lift System Market:

CHAPTER 1 INTRODUCTION
1.1 Report description
1.1 Reason for doing the study
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
2.2 Market beyond: What to expect by 2025
2.2.1 Base case scenario
2.2.2 Optimistic scenario
2.2.3 Critical scenario

CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top factors impacting in artificial lift system market
3.2.2 Top investment pockets
3.2.3 Top winning strategies
3.3 Porter's five forces analysis
3.3.1 Lower threat of entry of new players
3.3.2 Negligible threat of substitutes
3.3.3 Bargaining power of suppliers
3.3.4 Bargaining power of customers
3.3.5 Higher threat from industry rivalry

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