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Artificial Lift Systems Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2014 - 2020
Published Date
2015-02-09
70 Page Report
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REPORT DESCRIPTION
The artificial lift systems market report by Transparency Market Research provides in-depth analysis of the global artificial
lift systems industry. The report divides the market on the basis of product type and region. It also provides the forecast
and estimates for each product and region. The report analyzes demand and supply characteristics of the market by
providing detailed forecast and analysis of revenue for the period 2014 2020.
The artificial lift systems market primarily includes six types of products: electrical submersible pumps, rod lift or sucker
rod pump, progressive cavity pump, hydraulic pump, gas lift and plunger lift. Electrical submersible pump is expected to
be the most dominant product segment in the global artificial lift systems market by 2020. The segment accounted for the
largest share of the artificial lift systems market in 2013. Rod lift is one of the oldest methods used for lifting crude oil and
natural gas. This is primarily attributed to its potential to lift heavy viscous crude oil at high temperatures. Additionally,
matured reserves account for a significant percentage of crude oil production. In the present scenario, over 70.0% of the
total crude oil production comes from matured reserves. Thus, matured reserves act as a key driver for the artificial lift
systems market. The selection of artificial lift systems depends on various parameters such as operational cost,
geographic location, flow rate, and well deviation.
North America is projected to be the largest market for artificial lift systems by 2020. With the discovery of shale gas
reserves and rise in number of drilling activities, especially in the U.S. and Canada, the market for artificial lift systems is
likely to rise at a substantial rate in the region. Demand for artificial lift systems is also projected to rise at a significant rate
owing to the vast discoveries of shale gas reserves in Poland, Spain and Denmark. Various types of artificial lift systems
are used to extract large volumes of crude oil and natural gas in Europe. Numerous petroleum companies are installing
artificial lift systems for extracting high volumes of crude oil and natural gas to maintain energy security in the respective
countries.
Demand for artificial lift systems is estimated to rise in RoW owing to the discoveries of offshore reserves in countries
such as Tanzania, Mozambique and Egypt. Furthermore, increase in the number of exploration and production activities in
Latin America and West Africa, especially in offshore reserves, has propelled the growth of the artificial lift systems.
Currently, large volumes of crude oil and natural gas are being imported from countries in the Middle East. RoW countries
such as Nigeria, Angola and Venezuela have large petroleum reserves. These reserves help maintain energy security and
also to a certain extent bridge the prevailing energy demand-supply gap across the globe.
The report includes geographical regions such as North America, Asia Pacific, Europe and Rest of the World (RoW).
Every region has been further bifurcated on the basis of the product segment. Revenue forecasts and estimates for each
product segment have been provided for the period 2014 2020.
The report also provides detailed analysis and revenue of companies such as Baker Hughes, Inc., Borets Company LLC,
Dover Artificial Lift, Flotek Industries, Inc., Halliburton Company, Kudu Industries, Inc., National Oilwell Varco, Inc.,
Schlumberger Limited, Superior Energy Services, Inc., and Weatherford International Ltd. are expected to dominate the
market for artificial lift systems in the near future.
With the help of Porters Five Forces analysis, the report provides a detailed analysis of the various factors influencing the
artificial lift systems industry. The analysis also helps to understand the degree of competition prevalent in the market.
Furthermore, the report analyzes the value chain and various drivers and restraints of the artificial systems market.
Europe
Asia Pacific
Rest of the World (RoW)
Table of Contents
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
List of Figures
FIG. 1 Artificial Lift Systems Market, 2014 2020
FIG. 2 Global Artificial Lift Systems Market, 2013 2020 (USD Million)
FIG. 3 Global Energy Consumption, 2013
FIG. 4 Deepwater Production Forecast (mb/d)
FIG. 5 Brent Crude Oil Price ($/bbl)
List of Tables
TABLE 1 Global Artificial Lift Systems Market Snapshot, 2013 and 2020
TABLE 2 Drivers of Global Artificial Lift Systems Market: Impact Analysis
TABLE 3 Major Offshore Oil and Gas Discoveries in 2013
TABLE 4 Restraints of Global Artificial Lift Systems Market: Impact Analysis
TABLE 5 Electrical Submersible Pump Market Revenue, by Region, 2013 2020 (USD Million)
TABLE 6 Rod Lift Market Revenue, by Region, 2013 2020 (USD Million)
TABLE 7 Progressive Cavity Pump Market Revenue, by Region, 2013 2020 (USD Million)
TABLE 8 Hydraulic Pump Market Revenue, by Region, 2013 2020 (USD Million)
TABLE 9 Gas Lift Market Revenue, by Region, 2013 2020 (USD Million)
TABLE 10 Plunger Lift Market Revenue, by Region, 2013 2020 (USD Million)
TABLE 11 North America Artificial Lift Systems Market Revenue, by Product Type, 2013 2020 (USD Million)
TABLE 12 Europe Artificial Lift Systems Market Revenue, by Product Type, 2013 2020 (USD Million)
TABLE 13 Asia Pacific Artificial Lift Systems Market Revenue, by Product Type, 2013 2020 (USD Million)
TABLE 14 RoW Artificial Lift Systems Market Revenue, by Product Type, 2013 2020 (USD Million)
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