Global Artificial Lift Systems Market, 2023-2030

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 healthy growth over the next few years.

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Report Summary

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• 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 healthy growth over the next few years.
• Factors such as attempts to increase production from mature fields are expected to create a huge demand for artificial lift systems in the coming years. A number of existing reservoirs across the globe are still in the mature phase and do not possess the natural pressure to push oil & gas to the surface. Moreover, a large percentage of the world’s oil and gas production is primarily obtained through these mature oil fields. This requires efficient artificial lift systems to optimize production and to offset the influence of natural decline rates of the existing reserves.
• With the rising energy demand, the dependence on conventional sources is also increasing. However, the overexploitation of these resources has resulted in their depletion, thereby prompting the oil & gas industry to shift its focus toward developing unconventional resources such as natural gas, shale oil & gas, and tight oil. These factors have resulted in an increased exploration of unconventional reserves, which is expected to drive the artificial lift market demand over the forecast period.

• Rod lift is the oldest type of artificial lift systems used to extract the crude oil. The segment held xx% of the overall revenue in 2022 and is expected to witness significant growth over the forecast period. This growth is expected due to several advantages offered by the rod lift type, including cost-effectiveness and efficiency in the extraction of hydrocarbons. Furthermore, rod lifts are capable of lifting heavy viscous crude oil at high temperatures thus incurring low operational expenditures.

• The North American artificial lift systems market is anticipated to witness high growth over the forecast period. This growth is ascribed to the advances in the field of shale gas discovery and the availability of low-pressure oil wells in the region. Additionally, the U.S. is expected to witness high growth in unconventional resources such as shale oil, tight oil, and growing marginal well count, which is anticipated to spur the product demand in North America.
• Registering a compound annual growth rate exceeding xx%, Asia Pacific is anticipated to witness enormous gains over the forecast period. Factors such as rising commercial activities and expanded budget allocation on infrastructure development are expected to result in a healthy demand for petroleum products, thereby driving the growth of artificial lift systems in the region.

Table of Content

1.    Report Scope

1.1. Market Segmentation and scope

1.2. Regional Scope

1.3. Estimates and forecast timeline

2.     Market Research Methodology

2.1. Research methodology and design

2.2. Sample selection

2.3. Reliability and validity

3.    Executive Summary

4.    Market Analysis

4.1. Market size and growth rates

4.2. Market growth drivers, market dynamics and trends

4.3. Market scenarios and opportunity forecasts

4.4. Market constraints and challenges

4.5. Industry value chain analysis

4.6. Industry analysis – Porter’s

4.6.1.  Threat of new entrants

4.6.2.  Bargaining power of suppliers

4.6.3.  Bargaining power of buyers

4.6.4.  Threat of substitutes

4.6.5.  Competitive rivalry

4.7. PEST analysis

4.7.1.  Political/legal landscape

4.7.2.  Economic landscape

4.7.3.  Social landscape

4.7.4.  Technological landscape

5.     Market Breakdown – by Technology

5.1. Introduction

5.2. Rod Lift

5.3. ESP

5.4. PCP

5.5. Gas Lift

5.6. Hydraulic Pumps

5.7. Others

6.     Market Breakdown – by Well Type

6.1. Introduction

6.2. Horizontal

6.3. Vertical

7.     Market Breakdown – by Application

7.1. Introduction

7.2. Onshore

7.3. Offshore

8.      Market Breakdown – by Geography

8.1.North America

8.1.1.  North America Artificial Lift Systems Market, 2023-2030

8.1.2.  North America Artificial Lift Systems Market, by Technology

8.1.3.  North America Artificial Lift Systems Market, by Well Type

8.1.4.  North America Artificial Lift Systems Market, by Application

8.1.5.  North America Artificial Lift Systems Market, by Country

8.1.5.1.      U.S.

8.1.5.2.      Canada

8.1.5.3.      Mexico

8.2. South America

8.2.1.  South America Artificial Lift Systems Market, 2023-2030

8.2.2.  South America Artificial Lift Systems Market, by Technology

8.2.3.  South America Artificial Lift Systems Market, by Well Type

8.2.4.  South America Artificial Lift Systems Market, by Application

8.2.5.  South America Artificial Lift Systems Market, by Country

8.2.5.1.      Brazil

8.2.5.2.      Venezuela

8.2.5.3.      Others

8.3. Europe

8.3.1.  Europe Artificial Lift Systems Market, 2023-2030

8.3.2.  Europe Artificial Lift Systems Market, by Technology

8.3.3.  Europe Artificial Lift Systems Market, by Well Type

8.3.4.  Europe Artificial Lift Systems Market, by Application

8.3.5.  Europe Artificial Lift Systems Market, by Country

8.3.5.1.      Germany

8.3.5.2.      France

8.3.5.3.      U.K.

8.3.5.4.      Russia

8.3.5.5.      Italy

8.3.5.6.      Norway

8.3.5.7.      Others

8.4. Asia-Pacific

8.4.1.  APAC Artificial Lift Systems Market, 2023-2030

8.4.2.  APAC Artificial Lift Systems Market, by Technology

8.4.3.  APAC Artificial Lift Systems Market, by Well Type

8.4.4.  APAC Artificial Lift Systems Market, by Application

8.4.5.  APAC Artificial Lift Systems Market, by Country

8.4.5.1.      China

8.4.5.2.      India

8.4.5.3.      Japan

8.4.5.4.      South Korea

8.4.5.5.      Australia

8.4.5.6.      Indonesia

8.4.5.7.      Malaysia

8.4.5.8.      Others

8.5.Middle East & Africa

8.5.1.  MEA Artificial Lift Systems Market, 2023-2030

8.5.2.  MEA Artificial Lift Systems Market, by Technology

8.5.3.  MEA Artificial Lift Systems Market, by Well Type

8.5.4.  MEA Artificial Lift Systems Market, by Application

8.5.5.  MEA Artificial Lift Systems Market, by Country

8.5.5.1.      Saudi Arabia

8.5.5.2.      UAE

8.5.5.3.      Kuwait

8.5.5.4.      South Africa

8.5.5.5.      Iraq

8.5.5.6.      Iran

8.5.5.7.      Oman

8.5.5.8.      Others

9.      Competitive Landscape

9.1. Company Market Positioning

9.2. Company Geographical Presence Analysis

9.3. Market Revenue Share Analysis (%), by Leading Players

10.  Company Profiles

·          Company Overview

·          Financial Performance

·          Product Benchmarking

·          Recent Developments

10.1.              Baker Hughes

10.2.              Borets Company LLC

10.3.              CAMCO

10.4.              Dover Corporation

10.5.              Halliburton Company, LLC

10.6.              J&J Technical Services, LLC

10.7.              National Oilwell Varco, Inc.

10.8.              Novomet

10.9.              Occidental Petroleum

10.10.          Oilserv

10.11.          Rimera Group

10.12.          Schlumberger Limited

10.13.          SeaHarvest

10.14.          Tenaris S.A.

10.15.          Weatherford International Ltd.

 

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