Mining Technology & Minerals Market Research News

Artificial lift systems market forecast to 2022 available in new report

Mounting demand for energy, increase in the exploration activities and increase in oil & gas production are the major drivers for artificial lift system market.

- Advertising -

According to Stratistics MRC, the Global Artificial Lift Systems market is accounted for $16.44 billion in 2015 and is expected to reach $38.96 billion by 2022 growing at a CAGR of 13.08%. 

However, instability in oil and gas industry, high cost of investment and strict government policies are the major threats for the market growth. Increase in subsea drilling activities, rising demand of the lubricate field equipment and growing levels of exploration activities will provide ample opportunity for the market growth.

- Advertising -

Browse the report: www.orbisresearch.com/reports/inde…outlook-2016-2022

Electric submersible pump is the leading segment in artificial lift system market and rod lift is expected to generate highest revenue during the forecast period. Being the leading market for rod lift, U.S.

accounted for more than 45% of share in global rod lift market due to increasing production of unconventional oils. The pump is extensively used to lift huge volumes of oil in both offshore and onshore wells.

North America is the leading market for artificial lift systems followed by Europe and it is expected to continue its growth during the forecast period, due to increasing usage of artificial lifts in Mexico and Canada. In Asia Pacific, the demand for artificial lifts is expected to grow at a faster rate owing to the increasing demand for energy from China and India.

Some of the key players in the global artificial lift systems market include Baker Hughes Incorporated, Borets International Limited, Cameron International Corporation, Compass Energy, Dover Corporation, Flotek Industries, Inc., General Electric Company, Gulf Coast Pump & Supply, Halliburton Company, J&J Technical Services, LLC, John Crane Group, Kudu Industries, National Oilwell Varco, Inc., Novomet, Schlumberger Limited, Superior Energy Services, Inc., Tenaris S.A., Torqueflow Sydex Ltd and Weatherford International Ltd.

Request a sample of the report: www.orbisresearch.com/contacts/request-sample/215783

Types Covered:
Electrical Submersible Pump (ESP)
Rod Lift
Plunger Lift
Progressive Cavity Pump (PCP)
Gas Lift
Hydraulic Pumps
Other Types

Components Covered:
Pump
Motor
Cable System
Gas Lift Mandrel
Control System
Gas Lift Valves
Drivehead
Pump Jack
Sucker Rods
Separators
Other Components

Mechanisms Covered:
Gas Assisted
Pump Assisted
Positive Displacement
Dynamic Displacement

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

News From

Orbis Research - Rendering Conscientious ResearchOrbis Research
Category: Market Research Publishers and RetailersCompany profile: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have a vast database of reports from the leading publishers and authors across the gl obe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their need, and we produce the perfect requi ...