Introduction
Artificial Lift Systems Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. Artificial lifts are mainly used in the oil & gas industry to boost oil production in reservoirs. The market is anticipated to witness substantial growth, which is ascribed to the increase in heavy oil & shale gas production globally. On account of huge shale gas reserves in regions such as Asia Pacific and the Americas, the market is expected to witness a healthy growth over the next few years.
This requires efficient artificial lift systems to optimize production and to offset the influence of natural decline rates of the existing reserves.
Geographical Overview
At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Artificial Lift Systems Market with its high population base. Major industry players use modern technologies such as web-based monitoring and automated services to drill deep into the oil fields and optimize production. Additionally, the companies aim at attaining a competitive advantage through collaborations and acquisitions.
Segmental Overview
Artificial Lift Systems Market is segmented as per below specifications -
By Product Type:
• Rod Lifts
• Electrical Submersible Pumps
• Progressive Cavity Pumps
• Gas Lift
• Hydraulic Pumps
• Others
By Consumption:
• Type A
• Type B
By Distribution Channel:
• Type A
• Type B
Competitor Analysis
Artificial Lift Systems Market has presence of some of the key major players across globe which includes
• Baker Hughes Incorporated
• Dover Corporation
• GE Energy
• Halliburton Company, LLC.
• National Oilwell Varco, Inc.
• Weatherford International Ltd.
• Schlumberger Limited.
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
Highlights of the report
What is Artificial Lift Systems Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
Chapter 1 Research Objective
1.1 Need of the Research Report
1.2 Client Objectives
1.3 Offered Solutions
Chapter 2 Recommendations
2.1 Executive Summary
2.1.1 Market Overview
2.1.2 Competitive Insights
2.1.3 Segmental Analysis
2.1.4 Geographical Market Details
2.2 Lead Generation
2.3 Consultant
2.4 Return on Investment
Chapter 3 Research Methodology
3.1 Chromatus Database
3.2 Paid Sources
3.3 Primary Data Collection
3.3.1 Email Surveys
3.3.2 Telephonic Interviews
3.3.3 Face to Face Interviews
3.4 Secondary Data Collection
3.4.1 Annual Reports
3.4.2 Government Publications
3.4.3 Trade Data
3.4.4 Association Data
3.4.5 Research Papers/ Blogs/ News Articles
3.5 Expert Advisory Panel
3.6 Data Analytics Model
Chapter 4 Artificial Lift Systems Market Overview
4.1 Parent Market Overview
4.2 Patent Analysis
4.3 PESTEL Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.3.5 Legal
4.4 SWOT Analysis
4.4.1 Strengths
4.4.2 Weakness
4.4.3 Opportunities
4.4.4 Threats
4.5 Regulations
4.6 Value Chain/ Supply Chain Analysis
4.7 Procurement & Vendor Analysis
4.8 Porters Five Analysis
4.8.1 Threat of new entrants
4.8.2 Bargaining power of suppliers
4.8.3 Bargaining power of buyers
4.8.4 Threat of substitutes
4.8.5 Competitive rivalry
Chapter 5 Regional Analysis Global Artificial Lift Systems Market Estimation and Forecast, 2017 - 2025 (USD Billion)
5.1 North America Market
5.1.1 U.S.
5.1.1 Canada
5.2 Europe Market
5.2.1 UK
5.2.2 Germany
5.2.3 France
5.2.4 Spain
5.2.5 Italy
5.2.6 Russia & CIS
5.2.7 Rest of Europe
5.3 Asia Pacific Market
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 South Korea
5.3.5 ASEAN
5.3.6 Rest of Asia Pacific
5.4 Rest of the World
5.4.1 Latin America
5.4.1.1 Brazil
5.4.1.2 Argentina
5.4.1.3 Rest of Latin America
5.4.2 Middle East
5.4.3 Africa
Chapter 6 Company Profile
6.1 Baker Hughes Incorporated
6.1.1 Introduction
6.1.2 Financial Overview
6.1.3 Product Portfolio
6.1.4 Recent Developments
6.1.5 SWOT Analysis
6.2 Dover Corporation
6.3 GE Energy
6.4 Halliburton Company, LLC.
6.5 National Oilwell Varco, Inc.
6.6 Weatherford International Ltd.
6.7 Schlumberger Limited.
Chapter 7 Competitor Analysis
7.1 Company Ranking
7.2 Key Innovators
7.3 Market Leader
7.4 Emerging Players
7.5 Strategic Alliances
7.6 Competitive Matrix of 12 Companies
Chapter 8 Global Artificial Lift Systems Market by Product Type Estimation and Forecast, 2017 - 2025 (USD Billion)
8.1 Rod Lifts
8.2 Electrical Submersible Pumps
8.3 Progressive Cavity Pumps
8.4 Gas Lift
8.5 Hydraulic Pumps
8.6 Others
Chapter 9 Global Artificial Lift Systems Market by Consumption Type Estimation and Forecast, 2017 - 2025 (USD Billion)
9.1 Type A
9.2 Type B
Chapter 10 Global Artificial Lift Systems Market by Distribution Channel Estimation and Forecast, 2017 - 2025 (USD Billion)
10.1 Type A
10.2 Type B
Chapter 11 Appendix
11.1 Data Sources
11.2 Abbreviations
11.3 About US
11.4 Disclaimer
11.5 Key Notes
List of Tables
Table 1 Global Artificial Lift Systems Market, by Region, 2017 - 2025 (USD Billion)
Table 2 Global Artificial Lift Systems Market, by Product Type, 2017 - 2025 (USD Billion)
Table 3 Global Artificial Lift Systems Market, by Consumption Type, 2017 - 2025 (USD Billion)
Table 4 Global Artificial Lift Systems Market, by Distribution Type, 2017 - 2025 (USD Billion)
Table 5 North America Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 6 North America Artificial Lift Systems Market by Product Type 2017 - 2025 (USD Billion)
Table 7 North America Artificial Lift Systems Market by Consumption Type 2017 - 2025 (USD Billion)
Table 8 North America Artificial Lift Systems Market by Distribution Type 2017 - 2025 (USD Billion)
Table 9 US Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 10 Canada Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 11 Europe Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 12 Europe Artificial Lift Systems Market by Product Type 2017 - 2025 (USD Billion)
Table 13 Europe Artificial Lift Systems Market by Consumption Type 2017 - 2025 (USD Billion)
Table 14 Europe Artificial Lift Systems Market by Distribution Type 2017 - 2025 (USD Billion)
Table 15 UK Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 16 Germany Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 17 France Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 18 Spain Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 19 Italy Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 20 Russia & CIS Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 21 Rest of Europe Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 22 Asia Pacific Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 23 Asia Pacific Artificial Lift Systems Market by Product Type 2017 - 2025 (USD Billion)
Table 24 Asia Pacific Artificial Lift Systems Market by Consumption Type 2017 - 2025 (USD Billion)
Table 25 Asia Pacific Artificial Lift Systems Market by Distribution Type 2017 - 2025 (USD Billion)
Table 26 China Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 27 Japan Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 28 India Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 29 South Korea Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 30 ASEAN Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 31 Rest of Asia Pacific Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 32 Latin America Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 33 Latin America Artificial Lift Systems Market by Product Type 2017 - 2025 (USD Billion)
Table 34 Latin America Artificial Lift Systems Market by Consumption Type 2017 - 2025 (USD Billion)
Table 35 Latin America Artificial Lift Systems Market by Distribution Type 2017 - 2025 (USD Billion)
Table 36 Brazil Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 37 Argentina Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 38 Rest of Latin America Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 39 Middle East Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 40 Middle East Artificial Lift Systems Market by Product Type 2017 - 2025 (USD Billion)
Table 41 Middle East Artificial Lift Systems Market by Consumption Type 2017 - 2025 (USD Billion)
Table 42 Middle East Artificial Lift Systems Market by Distribution Type 2017 - 2025 (USD Billion)
Table 43 Africa Artificial Lift Systems Market 2017 - 2025 (USD Billion)
Table 44 Africa Artificial Lift Systems Market by Product Type 2017 - 2025 (USD Billion)
Table 45 Africa Artificial Lift Systems Market by Consumption Type 2017 - 2025 (USD Billion)
Table 46 Africa Artificial Lift Systems Market by Distribution Type 2017 - 2025 (USD Billion)
List of Figures
Fig. 1 Primary Research Method
Fig. 2 Secondary Research Method
Fig. 3 Value chain analysis
Fig. 4 PESTEL Analysis
Fig. 5 SWOT Analysis
Fig. 6 Porters Five forces analysis
Fig. 7 Artificial Lift Systems Market: Penetration & growth prospect mapping
Fig. 8 Artificial Lift Systems Market: Competitive snapshot
Fig. 9 Artificial Lift Systems Market: Segmental snapshot
Fig. 10 Market Overview
Fig. 11 Artificial Lift Systems Market: Product Analysis, 2017 - 2025
Fig. 12 Artificial Lift Systems Market: Regional Analysis, 2017 - 2025
Fig. 13 Artificial Lift Systems Market: Competitive Matrix
Fig. 14 Artificial Lift Systems Market: Revenue Mix