Artificial Lift Systems Market Insights by Weatherford, Schlumberger, General Electric, Baker Hughes and more, Forecast to 2025
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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.
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 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 future artificial lifts demand in North America.
The global Artificial Lift Systems market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Artificial Lift Systems market based on company, product type, end user and key regions.
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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 Systems Breakdown Data by Type
Rod Lift, ESP, PCP, Hydraulic Pumps, Gas Lift, Plunger Lift
Artificial Lift Systems Breakdown Data by Application
Oil and Gas Industry, Others
Artificial Lift Systems Production by Region
United States, Europe, China, Japan, Other Regions
Artificial Lift Systems Consumption by Region
- North America: United States, Canada, Mexico
- Asia-Pacific: China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam
- Europe: Germany, France, UK, Italy, Russia, Rest of Europe
- Central and South America: Brazil, Rest of South America
- Middle East and Africa: GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East and Africa
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The study objectives are:
- To analyze and research the global Artificial Lift Systems status and future forecastï¼Œinvolving, production, revenue, consumption, historical and forecast.
- To present the key Artificial Lift Systems manufacturers, production, revenue, market share, and recent development.
- To split the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Artificial Lift Systems :
- History Year: 2014 – 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 – 2025
This report includes the estimation of market size for value (million USD) and volume (MW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Artificial Lift Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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