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The artificial lift systems market is forecasted to grow by USD 4.62 billion during 2023-2028, accelerating at a CAGR of 7.12% during the forecast period. The report on the artificial lift systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
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 growing demand for oil and natural gas, increase in production activities in deepwater, ultra-deep offshore, and heavy-oil, and enhanced production requirements in mature fields.
The artificial lift systems market is segmented as below:
By Type
- ESP systems
- RLP systems
- PCP systems
- Others
By End-user
- Onshore oil and gas industry
- Offshore oil and gas industry
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the artificial lift systems market covers the following areas:
- Artificial lift systems market sizing
- Artificial lift systems market forecast
- Artificial lift systems market industry analysis
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 research - both primary and secondary. 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 the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global artificial lift systems market: Baker Hughes Co., ChampionX Corp., General Petroleum Holdings Pty Ltd., Gulf Coast Pump and Supply, Halliburton Co., JJ Tech, Levare International, Liberty Lift Solutions LLC, NOV Inc., Novomet Group, NOW Inc., OiLSERV, PCM Artificial Lift Solutions, Premium Artificial Lift Systems Ltd., Rockwell Automation Inc., Schlumberger Ltd., SSI Artificial Lift, Torqueflow-Sydex Ltd., 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 growing demand for oil and natural gas.
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:
- Baker Hughes Co.
- ChampionX Corp.
- General Petroleum Holdings Pty Ltd.
- Gulf Coast Pump and Supply
- Halliburton Co.
- JJ Tech
- Levare International
- Liberty Lift Solutions LLC
- NOV Inc.
- Novomet Group
- NOW Inc.
- OiLSERV
- PCM Artificial Lift Solutions
- Premium Artificial Lift Systems Ltd.
- Rockwell Automation Inc.
- Schlumberger Ltd.
- SSI Artificial Lift
- Torqueflow-Sydex Ltd.
- Valiant Artificial Lift Solutions LLC
- Weatherford International Plc
