Artificial Lift Industry (Market) Forecast 2018-2023 | Weatherford, Schlumberger, General Electric, Baker Hughes, Halliburton, Dover

This report presents the worldwide Artificial Lift market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Artificial lift is a method used to lower the producing bottomhole pressure (BHP) on the formation to obtain a higher production rate from the well. This can be done with a positive-displacement downhole pump, such as a beam pump or a progressive cavity pump (PCP), to lower the flowing pressure at the pump intake. It also can be done with a downhole centrifugal pump, which could be a part of an electrical submersible pump (ESP) system. Most oil wells require artificial lift at some point in the life of the field, and many gas wells benefit from artificial lift to take liquids off the formation so gas can flow at a higher rate.
Of the different artificial lift technologies, Rod lift is the largest segment in quantity and ESP is the fastest growing and largest revenue segment. Rod lift is expected to continue its dominating position in the next five years due to a global increase field decline and ESP is projected to grow much slower than the last five years as new oil wells are expected to grow quite moderately.
North America is the largest artificial lift market with the fast growing shale gas production. US and Russia are the largest ESP market and Canada is the largest PCP market.

The artificial lift market scale is likely to decrease and more M&A expected in the next few years. Although sales of Artificial Lift brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Artificial Lift field.

The Artificial Lift market was valued at 9550 Million US$ in 2017 and is projected to reach 10200 Million US$ by 2025, at a CAGR of 0.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Artificial Lift.

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The following manufacturers are covered in this report:
Weatherford
Schlumberger
General Electric
Baker Hughes
Halliburton
Dover
National Oilwell Varco
Borets
Cameron
Novomet

Artificial Lift Breakdown Data by Type
Rod Lift
ESP
PCP
Hydraulic Pumps
Gas Lift
Plunger Lift
Artificial Lift Breakdown Data by Application
Onshore
Offshore

Artificial Lift Production by Region
United States
Europe
China
Japan
Other Regions

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Artificial Lift Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe

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