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    Artificial Lift Systems Market Report

    Artificial Lift Systems Market Report
    Report code - SRCE285 Delivery - 2 Weeks
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    Artificial Lift Systems Market Size, Share, Trend, Forecast, & Industry Analysis &ndas See more...

    Impact of COVID-19 on Artificial Lift Systems Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Artificial Lift Systems Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Artificial Lift Systems Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Increasing investment towards exploration of subsea areas along with shifting trends towards unconventional reserves is likely to propel the market growth.

    Artificial Lift Systems Market – Snapshot

    Growth

    8.0% for the next five years

    Dominant Technology Type

    Electrical Submersible Pumps

    Major Application Type

    Onshore

    Region with the highest demand

    North America

    Key Players

    Schlumberger, Halliburton, Weatherford, Borets, General Electric, National Oilwell Varco, JJ Tech, Aker Solutions, NOVOMET, BCP Group, Occidental Petroleum, Shengli Oilfield, Canadian Advanced ESP, PCM, Elkam, APC, Petrolift, Rimera Group and ChampionX

    Segment Analysis

    Artificial-Lift-Systems-Market-Dominant-Segments

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    Artificial Lift Systems Market Share: By Technology Type

    Based on the technology type, the market is segmented as progressive cavity pumps, electrical submersible pumps, gas lift, rod lift, hydraulic pumps, and others. Electrical submersible pumps are likely to dominate the market owing to their ability to operate in highly deviated and subsea deepwater wells.

    Artificial Lift Systems Market Share: By Application Type

    Based on the application type, the market is segmented as offshore and onshore. Onshore application is likely to dominate the market in 2020 and is expected to remain the major application type during the forecast period.

    Artificial Lift Systems Market Share: By Region

    In terms of regions, North America is estimated to be the largest market driven by large scale production from shale reserves and low oil prices. Further, wide availability of aging and matured wells along with large potential across the offshore areas will boost the dominance of the North American region.

    Artificial-Lift-Systems-Market-By-Region

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    Market Scope & Segmentation

    Artificial Lift is a process that is used on oil wells to increase pressure within the reservoir and boost oil to the surface. The market is segmented as by technology type into progressive cavity pumps, electrical submersible pumps, gas lift, rod lift, hydraulic pumps, and others and by application type into onshore and offshore.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Artificial Lift Systems Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The artificial lift systems market is segmented into the following categories. 

    Artificial Lift Systems Market Size, Share, & Forecast, by Technology Type:

    • Progressive Cavity Pumps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical Submersible Pumps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gas Lift (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rod Lift (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hydraulic Pumps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Artificial Lift Systems Market Size, Share, & Forecast, by Application Type:

    • Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Artificial Lift Systems Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Artificial-Lift-Systems-Market-Segmentation

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    Key Players

    Some of the key players in the artificial lift systems market are-

    • Schlumberger
    • Halliburton
    • Weatherford
    • Borets
    • General Electric
    • National Oilwell Varco
    • JJ Tech
    • Aker Solutions
    • NOVOMET
    • BCP Group
    • Occidental Petroleum
    • Shengli Oilfield
    • Canadian Advanced ESP
    • PCM
    • Elkam
    • APC
    • Petrolift
    • Rimera Group
    • ChampionX.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the application types by technology type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The artificial lift system market is expected to witness an impressive growth of 8.0% CAGR in the foreseeable future.

    Schlumberger, Halliburton, Weatherford, Borets, General Electric, National Oilwell Varco, JJ Tech, Aker Solutions, NOVOMET, BCP Group, Occidental Petroleum, Shengli Oilfield, Canadian Advanced ESP, PCM, Elkam, APC, Petrolift, Rimera Group and ChampionX are among the key players in the artificial lift system market.

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

    Onshore application is expected to remain the major application type in the artificial lift system market over the next five years.

    Electrical submersible pumps are expected to dominate the artificial lift system market in the coming years.

    Increasing investment towards exploration of subsea areas along with shifting trends towards unconventional reserves is the factor driving the growth of artificial lift system market.

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