Artificial Lift Systems Market in US 2024-2028

Report
123 Pages
October 2024
Region: United States
TechNavio
ID: 5583789

The artificial lift systems market in us is forecasted to grow by USD 1.14 billion during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the artificial lift systems market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhanced production requirements in mature fields, growing demand for oil and natural gas, and investment in oil and gas industry.

The artificial lift systems market in us is segmented as below:

By Application

Onshore
Offshore

By Type

ESP systems
RLP systems
PCP systems
Others

By Geographical Landscape

North America

This study identifies the increasing use of automation and remote technology as one of the prime reasons driving the artificial lift systems market in us growth during the next few years. Also, key developments in oil and gas industries and increase in offshore exploration activities will lead to sizable demand in the market.

The report on the artificial lift systems market in us covers the following areas:

Artificial Lift Systems Market in US sizing
Artificial Lift Systems Market in US forecast
Artificial Lift Systems Market in US industry analysis

A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial lift systems market in us vendors that include AccessESP, Baker Hughes Co., BCPGroup Artificial Lift Inc., ChampionX Corp., Dover Corp., General Electric Co., Halliburton Co., JJ Tech, Levare International, NOV Inc., Novomet Group, NOW Inc., Occidental Petroleum Corp., Schlumberger Ltd., The Gorman Rupp Co., Valiant Artificial Lift Solutions LLC, and Weatherford International Plc. Also, the artificial lift systems market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

1 Executive Summary

1.1 Market overview

Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem

Parent Market
Data Table on - Parent Market

2.2 Market characteristics

Market characteristics analysis

2.3 Value chain analysis

Value Chain Analysis

3 Market Sizing

3.1 Market definition

Offerings of companies included in the market definition

3.2 Market segment analysis

Market segments

3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Artificial Lift Systems Market in US 2018 - 2022

Historic Market Size - Data Table on Artificial Lift Systems Market in US 2018 - 2022 ($ million)

4.2 Application segment analysis 2018 - 2022

Historic Market Size - Application Segment 2018 - 2022 ($ million)

4.3 Type segment analysis 2018 - 2022

Historic Market Size - Type Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers

Bargaining power of buyers - Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers

Bargaining power of suppliers - Impact of key factors in 2023 and 2028

5.4 Threat of new entrants

Threat of new entrants - Impact of key factors in 2023 and 2028

5.5 Threat of substitutes

Threat of substitutes - Impact of key factors in 2023 and 2028

5.6 Threat of rivalry

Threat of rivalry - Impact of key factors in 2023 and 2028

5.7 Market condition

Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments

Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application

Chart on Comparison by Application
Data Table on Comparison by Application

6.3 Onshore - Market size and forecast 2023-2028

Chart on Onshore - Market size and forecast 2023-2028 ($ million)
Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
Chart on Onshore - Year-over-year growth 2023-2028 (%)
Data Table on Onshore - Year-over-year growth 2023-2028 (%)

6.4 Offshore - Market size and forecast 2023-2028

Chart on Offshore - Market size and forecast 2023-2028 ($ million)
Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
Chart on Offshore - Year-over-year growth 2023-2028 (%)
Data Table on Offshore - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Application

Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments

Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)

7.2 Comparison by Type

Chart on Comparison by Type
Data Table on Comparison by Type

7.3 ESP systems - Market size and forecast 2023-2028

Chart on ESP systems - Market size and forecast 2023-2028 ($ million)
Data Table on ESP systems - Market size and forecast 2023-2028 ($ million)
Chart on ESP systems - Year-over-year growth 2023-2028 (%)
Data Table on ESP systems - Year-over-year growth 2023-2028 (%)

7.4 RLP systems - Market size and forecast 2023-2028

Chart on RLP systems - Market size and forecast 2023-2028 ($ million)
Data Table on RLP systems - Market size and forecast 2023-2028 ($ million)
Chart on RLP systems - Year-over-year growth 2023-2028 (%)
Data Table on RLP systems - Year-over-year growth 2023-2028 (%)

7.5 PCP systems - Market size and forecast 2023-2028

Chart on PCP systems - Market size and forecast 2023-2028 ($ million)
Data Table on PCP systems - Market size and forecast 2023-2028 ($ million)
Chart on PCP systems - Year-over-year growth 2023-2028 (%)
Data Table on PCP systems - Year-over-year growth 2023-2028 (%)

7.6 Others - Market size and forecast 2023-2028

Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)

7.7 Market opportunity by Type

Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges

Impact of drivers and challenges in 2023 and 2028

9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape

Overview on criticality of inputs and factors of differentiation

10.3 Landscape disruption

Overview on factors of disruption

10.4 Industry risks

Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled

Companies covered

11.2 Market positioning of companies

Matrix on companies position and classification

11.3 Baker Hughes Co.

Baker Hughes Co. - Overview
Baker Hughes Co. - Business segments
Baker Hughes Co. - Key news
Baker Hughes Co. - Key offerings
Baker Hughes Co. - Segment focus

11.4 ChampionX Corp.

ChampionX Corp. - Overview
ChampionX Corp. - Product / Service
ChampionX Corp. - Key offerings

11.5 Dover Corp.

Dover Corp. - Overview
Dover Corp. - Business segments
Dover Corp. - Key news
Dover Corp. - Key offerings
Dover Corp. - Segment focus

11.6 Halliburton Co.

Halliburton Co. - Overview
Halliburton Co. - Business segments
Halliburton Co. - Key news
Halliburton Co. - Key offerings
Halliburton Co. - Segment focus

11.7 JJ Tech

JJ Tech - Overview
JJ Tech - Product / Service
JJ Tech - Key offerings

11.8 NOV Inc.

NOV Inc. - Overview
NOV Inc. - Business segments
NOV Inc. - Key news
NOV Inc. - Key offerings
NOV Inc. - Segment focus

11.9 NOW Inc.

NOW Inc. - Overview
NOW Inc. - Business segments
NOW Inc. - Key offerings
NOW Inc. - Segment focus

11.10 Schlumberger Ltd.

Schlumberger Ltd. - Overview
Schlumberger Ltd. - Business segments
Schlumberger Ltd. - Key news
Schlumberger Ltd. - Key offerings
Schlumberger Ltd. - Segment focus

11.11 Valiant Artificial Lift Solutions LLC

Valiant Artificial Lift Solutions LLC - Overview
Valiant Artificial Lift Solutions LLC - Product / Service
Valiant Artificial Lift Solutions LLC - Key offerings

11.12 Weatherford International Plc

Weatherford International Plc - Overview
Weatherford International Plc - Business segments
Weatherford International Plc - Key news
Weatherford International Plc - Key offerings
Weatherford International Plc - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist

Inclusions checklist
Exclusions checklist

12.3 Currency conversion rates for US$

Currency conversion rates for US$

12.4 Research methodology

Research methodology

12.5 Data procurement

Information sources

12.6 Data validation

Data validation

12.7 Validation techniques employed for market sizing

Validation techniques employed for market sizing

12.8 Data synthesis

Data synthesis

12.9 360 degree market analysis

360 degree market analysis

12.10 List of abbreviations

List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Application
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Artificial Lift Systems Market in US 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Application - Market share 2023-2028 (%)
Exhibits 28: Data Table on Application - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Application
Exhibits 30: Data Table on Comparison by Application
Exhibits 31: Chart on Onshore - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Offshore - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Application ($ million)
Exhibits 40: Data Table on Market opportunity by Application ($ million)
Exhibits 41: Chart on Type - Market share 2023-2028 (%)
Exhibits 42: Data Table on Type - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by Type
Exhibits 44: Data Table on Comparison by Type
Exhibits 45: Chart on ESP systems - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Data Table on ESP systems - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Chart on ESP systems - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on ESP systems - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on RLP systems - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on RLP systems - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on RLP systems - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on RLP systems - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on PCP systems - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on PCP systems - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on PCP systems - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on PCP systems - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 61: Market opportunity by Type ($ million)
Exhibits 62: Data Table on Market opportunity by Type ($ million)
Exhibits 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 64: Impact of drivers and challenges in 2023 and 2028
Exhibits 65: Overview on criticality of inputs and factors of differentiation
Exhibits 66: Overview on factors of disruption
Exhibits 67: Impact of key risks on business
Exhibits 68: Companies covered
Exhibits 69: Matrix on companies position and classification
Exhibits 70: Baker Hughes Co. - Overview
Exhibits 71: Baker Hughes Co. - Business segments
Exhibits 72: Baker Hughes Co. - Key news
Exhibits 73: Baker Hughes Co. - Key offerings
Exhibits 74: Baker Hughes Co. - Segment focus
Exhibits 75: ChampionX Corp. - Overview
Exhibits 76: ChampionX Corp. - Product / Service
Exhibits 77: ChampionX Corp. - Key offerings
Exhibits 78: Dover Corp. - Overview
Exhibits 79: Dover Corp. - Business segments
Exhibits 80: Dover Corp. - Key news
Exhibits 81: Dover Corp. - Key offerings
Exhibits 82: Dover Corp. - Segment focus
Exhibits 83: Halliburton Co. - Overview
Exhibits 84: Halliburton Co. - Business segments
Exhibits 85: Halliburton Co. - Key news
Exhibits 86: Halliburton Co. - Key offerings
Exhibits 87: Halliburton Co. - Segment focus
Exhibits 88: JJ Tech - Overview
Exhibits 89: JJ Tech - Product / Service
Exhibits 90: JJ Tech - Key offerings
Exhibits 91: NOV Inc. - Overview
Exhibits 92: NOV Inc. - Business segments
Exhibits 93: NOV Inc. - Key news
Exhibits 94: NOV Inc. - Key offerings
Exhibits 95: NOV Inc. - Segment focus
Exhibits 96: NOW Inc. - Overview
Exhibits 97: NOW Inc. - Business segments
Exhibits 98: NOW Inc. - Key offerings
Exhibits 99: NOW Inc. - Segment focus
Exhibits 100: Schlumberger Ltd. - Overview
Exhibits 101: Schlumberger Ltd. - Business segments
Exhibits 102: Schlumberger Ltd. - Key news
Exhibits 103: Schlumberger Ltd. - Key offerings
Exhibits 104: Schlumberger Ltd. - Segment focus
Exhibits 105: Valiant Artificial Lift Solutions LLC - Overview
Exhibits 106: Valiant Artificial Lift Solutions LLC - Product / Service
Exhibits 107: Valiant Artificial Lift Solutions LLC - Key offerings
Exhibits 108: Weatherford International Plc - Overview
Exhibits 109: Weatherford International Plc - Business segments
Exhibits 110: Weatherford International Plc - Key news
Exhibits 111: Weatherford International Plc - Key offerings
Exhibits 112: Weatherford International Plc - Segment focus
Exhibits 113: Inclusions checklist
Exhibits 114: Exclusions checklist
Exhibits 115: Currency conversion rates for US$
Exhibits 116: Research methodology
Exhibits 117: Information sources
Exhibits 118: Data validation
Exhibits 119: Validation techniques employed for market sizing
Exhibits 120: Data synthesis
Exhibits 121: 360 degree market analysis
Exhibits 122: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the artificial lift systems market in us: AccessESP, Baker Hughes Co., BCPGroup Artificial Lift Inc., ChampionX Corp., Dover Corp., General Electric Co., Halliburton Co., JJ Tech, Levare International, NOV Inc., Novomet Group, NOW Inc., Occidental Petroleum Corp., Schlumberger Ltd., The Gorman Rupp Co., Valiant Artificial Lift Solutions LLC, and Weatherford International Plc.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing use of automation and remote technology."

According to the report, one of the major drivers for this market is the enhanced production requirements in mature fields.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

AccessESP
Baker Hughes Co.
BCPGroup Artificial Lift Inc.
ChampionX Corp.
Dover Corp.
General Electric Co.
Halliburton Co.
JJ Tech
Levare International
NOV Inc.
Novomet Group
NOW Inc.
Occidental Petroleum Corp.
Schlumberger Ltd.
The Gorman Rupp Co.
Valiant Artificial Lift Solutions LLC
Weatherford International Plc

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€2488EUR$2,500USD£2,063GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€3981EUR$4,000USD£3,301GBP

The artificial lift systems market in us is segmented as below:

By Application

By Type

By Geographical Landscape

The report on the artificial lift systems market in us covers the following areas:

Table of Contents

Executive Summary

Companies Mentioned (Partial List)

Related Topics

Related Reports

Artificial Lift Systems Market 2024-2028

Artificial Lift System Global Market Report 2024

Artificial Lift System Market Report by Lift Type, Well Type, Mechanism, Application, and Region 2024-2032

Artificial Lift Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application, Product Type

Onshore Artificial Lift Systems Global Market Report 2024

About the Artificial Lift Market