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Artificial Lift Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: National Oil Well Varco Inc., Weatherford, OILSERV, JJ Tech

07 Jun, 2022 | 95 Pages
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The global artificial lift market is expected to grow at a 5.8% CAGR from USD 8.5 billion in 2021 to USD 10.9 billion by 2027.



Artificial Lift Market Overview



The Artificial Lift Market Value is predicted to rise in the next years. In essence, artificial lift is a reliable way for boosting pressure in oil wells. As a result, they're employed to bring oil to the surface for both new and old oil wells. Artificial lifts also help to increase productivity and ROI by lowering lifting expenses. The industry is expected to gain impetus as a result of expanding fossil fuel consumption and a growing number of mature reservoirs with large amounts of crude oil. Furthermore, fluctuating oil prices are urging oil corporations to reduce the cost of producing a barrel of oil, resulting in increased demand for EOR techniques such as artificial lift systems over the projection period.



Lifting systems are used to boost the productivity of deep-water gas lift wells and subsea production wells in offshore applications. As a result, market growth is expected to be aided by increased deep-water oil production. Traditional oil and gas sources are dwindling at the price of future energy demands as a result of growing modernization. As a result, corporations have been obliged to focus on unconventional gas resources in order to meet end-user demand. As a result, unconventional gas production is seen as a significant opportunity for market participants.





Industry News and Updates



November 17, 2020: ChampionX and Modumetal Collaborate To Develop Production Technology--

Chemistry solutions and equipment technologies company ChampionX is combining its research and development capabilities with nanotechnology company Modumetal, and its materials and processes, in an exclusive collaboration agreement to drive production-related technology developments. 



What are the major Applications, Types and Regions for Artificial Lift Market?



Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  • Rod Lift

  • ESP

  • PCP

  • Hydraulic Pumps

  • Gas Lift

  • Plunger Lift



By Application, it is segmented into




  • Onshore

  • Offshore



Artificial Lift Market Regional Analysis



The US market accounts for more than 40% of all artificial lifts deployed globally. Artificial lift system market share in North America has increased as a result of technological advancements and increased exploration activities. Oil output increased in 2018 as a result of new projects and expansion in the Gulf of Mexico basin. Texas, the Permian Basin, Oklahoma, Alaska, and North Dakota are significant counties where production is at an all-time high, indicating that the market in North America is expected to rise. Europe is anticipated to increase significantly as a result of exploration activities in the North Sea region, in which Norway, Germany, and the United Kingdom all play important roles. European countries are ahead of the game when it comes to adopting and producing innovative technologies, which drives the ESP industry. Sucker Rod Pump will, as a result, play a significant role in the entire artificial market in Europe. Chinese oil exploration efforts are the most prevalent in APAC, followed by Indonesia and the Philippines.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Artificial Lift Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Artificial Lift Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Artificial Lift Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 5.8% over the forecast period (2022-2027)



By Type




  • Rod Lift

  • ESP

  • PCP

  • Hydraulic Pumps

  • Gas Lift

  • Plunger Lift



By Application




  • Onshore

  • Offshore



By Companies



National Oil Well Varco Inc. (US), Weatherford (US), OILSERV (UAE), JJ Tech (US), Flotek Industries Inc. (US), Schlumberger (US), Haliburton (US), Dover Corporation (US), AccessESP (US), Novomet (Russia), GE Oil and Gas (US), John Crane Group (US), Baker Hughes Company (US), Apergy (US), Borets International (Russia), Cameron



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



 95



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Frequently Asked Questions



What is the growth rate of Artificial Lift Market?



The Artificial Lift Market is growing at a CAGR of 5.8% over the next 5 years.



Who are the key players in Artificial Lift Market?



National Oil Well Varco Inc. (US), Weatherford (US), OILSERV (UAE), JJ Tech (US), Flotek Industries Inc. (US), Schlumberger (US), Haliburton (US), Dover Corporation (US), AccessESP (US), Novomet (Russia), GE Oil and Gas (US), John Crane Group (US), Baker Hughes Company (US), Apergy (US), Borets International (Russia), Cameron



What are the significant types of Artificial Lift Market?



Rod Lift, ESP, PCP, Hydraulic Pumps, Gas Lift, Plunger Lift



What are the major end-use applications of Artificial Lift Market?



Onshore, Offshore



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL ARTIFICIAL LIFT MARKET BY TYPE

    3. GLOBAL ARTIFICIAL LIFT MARKET BY APPLICATION

    4. GLOBAL ARTIFICIAL LIFT MARKET BY END-USER



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR ARTIFICIAL LIFT



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. ARTIFICIAL LIFT GROWTH

      2. APPLICATION OF ARTIFICIAL LIFT



    4. IMPACT OF COVID 19



  5. GLOBAL ARTIFICIAL LIFT MARKET, BY TYPE

    1. INTRODUCTION

    2. ROD LIFT

    3. ESP

    4. PCP

    5. HYDRAULIC PUMPS

    6. GAS LIFT

    7. PLUNGER LIFT



  6. GLOBAL ARTIFICIAL LIFT MARKET, BY APPLICATION

    1. INTRODUCTION

    2. ONSHORE

    3. OFFSHORE



  7. GLOBAL ARTIFICIAL LIFT MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. NATIONAL OIL WELL VARCO INC. (US)

      2. WEATHERFORD (US)

      3. OILSERV (UAE)

      4. JJ TECH (US)

      5. FLOTEK INDUSTRIES INC. (US)

      6. SCHLUMBERGER (US)

      7. HALIBURTON (US)

      8. DOVER CORPORATION (US)

      9. ACCESSESP (US)

      10. NOVOMET (RUSSIA)

      11. GE OIL AND GAS (US)

      12. JOHN CRANE GROUP (US)

      13. BAKER HUGHES COMPANY (US)

      14. APERGY (US)

      15. BORETS INTERNATIONAL (RUSSIA)

      16. CAMERON





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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