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Artificial Lift System Market by Lift Type, Application, Mechanism, and Well Type: Global Opportunity Analysis and Industry Forecast 2021-2030

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    Report

  • 225 Pages
  • February 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578194
Description Jump to:
The Global artificial lift system market was valued at $26.3 billion in 2020 and is projected to reach $55.3 billion by 2030, growing at a CAGR of 7.7% from 2021 to 2030.



Artificial lift systems are required by most oil & gas wells operated throughout the world. Monitoring and optimizing the artificial lift system is equally important to select the optimum lift modern technology since the incorrect procedure of the lift system brings about higher operating expenditure and subsequently capital expenditure financial investment. In addition, field production can be boosted by utilizing various artificial lift optimization options during various phases of a well's production life. Digital oilfields offer possibilities to boost operational efficiency from the wellhead through the entire supply chain by optimizing information, details, and analytics varying.

Artificial lift performance can be anticipated by entering basic well information, such as casing, tubes, completions, as well as deviation, into the PIPESIM simulator, individuals can develop an easy well model and perform a NODAL evaluation to identify means of enhancing production performance.

Artificial lift systems are released in these fields to elevate the production result. These systems not only improve reservoir production but also increase the recuperation rate of crude oil and gas from these reservoirs. In addition, increase in investment in upstream oil & gas fields and rise in financial investments in the upstream oil and gas field activate the discovery of new fields and drilling of new wells to make use of fundamental reserves, thus driving growth of the artificial lift system market. However, volatility in prices of oil ,rise in change toward environmentally friendly modern technologies, and a decline in oil rates can impact investments in the upstream field of the sector owing to affect the artificial lift system market.

The artificial lift system market is segmented on the basis of type, application, mechanism, well type, and region. By lift type, the market is segmented into reciprocating rod lift, electric submersible pumps, gas lift, progressing cavity pumps, jet pump, and Others. On the basis of mechanism, it is divided into pump-assisted and gas-assisted. By well type the market is divided into vertical and horizontal. Region wise the study is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global artificial lift system market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Baker Hughes Company, Borets International Limited., ChampionX, Dover Corporation, Halliburton, JJ Tech, NOV Inc., Novomet, Schlumberger Limited, Weatherford International PLC.

The other players in the value chain (not included in the report) include, Apergy and DistributionNOW.

KEY MARKET SEGMENTS


By Lift type

  • Pressurized Water Reactor (PWR)
  • Electric Submersible Pumps
  • Gas lift
  • Progressing Cavity Pumps
  • Jet pump
  • Others

By Component

  • Pump
  • Motor
  • Cable System
  • Controller
  • Others

By Application

  • Onshore
  • Offshore

By Mechanism

  • Pump Assisted
  • Gas Assisted

By well type

  • Horizontal
  • Vertical

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Players in the global artificial lift system market are:
1. Baker Hughes Company
2. Borets International Limited
3. ChampionX
4. Dover Corporation
5. Halliburton
6. JJ Tech
7. NOV Inc.
8. Novomet
9. Schlumberger Limited
10. Weatherford International PLC.

 

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Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits for Stakeholders
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Key Forces Shaping the Market
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increasing Demand of Energy Across the World
3.4.1.2. Improving Production Efficiencies at Mature Fields
3.4.1.3. Increasing Deep, Ultra-Deep Offshore Oil Production
3.4.2. Restraint
3.4.2.1. Lack of Skilled Workers
3.4.2.2. High Cost of Artificial Lift Equipment
3.4.3. Opportunities
3.4.3.1. Increasing Subsea Drilling Activities
3.5. Value Chain Analysis
3.6. Impact of Key Regulations on the Global Artificial Lift System Market
3.7. Impact of Corona (Covid-19) Outbreak on the Market
Chapter 4: Global Artificial Lift System, by Lift Type
4.1. Overview
4.1.1. Market Size and Forecast, by Lift Type
4.2. Reciprocating Rod Lift
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, 2020-2030 ($Million)
4.3. Electric Submersible Pumps
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, 2020-2030 ($Million)
4.4. Gas Lift
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, 2020-2030 ($Million)
4.5. Progressing Cavity Pumps
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, 2020-2030 ($Million)
4.6. Jet Pumps
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, 2020-2030 ($Million)
4.7. Others
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast, 2020-2030 ($Million)
Chapter 5: Global Artificial Lift System, by Application
5.1. Overview
5.1.1. Market Size and Forecast, by Application
5.2. Onshore
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, 2020-2030 ($Million)
5.3. Offshore
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, 2020-2030 ($Million)
Chapter 6: Global Artificial Lift System, by Mechanism
6.1. Overview
6.1.1. Market Size and Forecast, by Mechanism
6.2. Pump Assisted
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, 2020-2030 ($Million)
6.3. Gas Assisted
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, 2020-2030 ($Million)
Chapter 7: Global Artificial Lift System Market, by Well Type
7.1. Overview
7.1.1. Market Size and Forecast, by Well Type
7.2. Horizontal
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, 2020-2030 ($Million)
7.3. Vertical
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, 2020-2030 ($Million)
Chapter 8: Global Artificial Lift System Market, by Region
8.1. Overview
8.1.1. Market Size and Forecast, by Region
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Lift Type
8.2.3. Market Size and Forecast, by Application
8.2.4. Market Size and Forecast, by Mechanism
8.2.5. Market Size and Forecast, by Well Type
8.2.6. Market Size and Forecast, by Country
8.2.6.1. U. S.
8.2.7. Market Size and Forecast, by Lift Type
8.2.8. Market Size and Forecast, by Application
8.2.9. Market Size and Forecast, by Mechanism
8.2.10. Market Size and Forecast, by Well Type
8.2.10.1. Canada
8.2.11. Market Size and Forecast, by Lift Type
8.2.12. Market Size and Forecast, by Application
8.2.13. Market Size and Forecast, by Mechanism
8.2.14. Market Size and Forecast, by Well Type
8.2.14.1. Mexico
8.2.15. Market Size and Forecast, by Lift Type
8.2.16. Market Size and Forecast, by Application
8.2.17. Market Size and Forecast, by Mechanism
8.2.18. Market Size and Forecast, by Well Type
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Lift Type
8.3.3. Market Size and Forecast, by Application
8.3.4. Market Size and Forecast, by Mechanism
8.3.5. Market Size and Forecast, by Well Type
8.3.6. Market Size and Forecast, by Country
8.3.6.1. France
8.3.7. Market Size and Forecast, by Lift Type
8.3.8. Market Size and Forecast, by Application
8.3.9. Market Size and Forecast, by Mechanism
8.3.10. Market Size and Forecast, by Well Type
8.3.10.1. Germany
8.3.11. Market Size and Forecast, by Lift Type
8.3.12. Market Size and Forecast, by Application
8.3.13. Market Size and Forecast, by Mechanism
8.3.14. Market Size and Forecast, by Well Type
8.3.14.1. Italy
8.3.15. Market Size and Forecast, by Lift Type
8.3.16. Market Size and Forecast, by Application
8.3.17. Market Size and Forecast, by Mechanism
8.3.18. Market Size and Forecast, by Well Type
8.3.18.1. Spain
8.3.19. Market Size and Forecast, by Lift Type
8.3.20. Market Size and Forecast, by Application
8.3.21. Market Size and Forecast, by Mechanism
8.3.22. Market Size and Forecast, by Well Type
8.3.22.1. Uk
8.3.23. Market Size and Forecast, by Lift Type
8.3.24. Market Size and Forecast, by Application
8.3.25. Market Size and Forecast, by Mechanism
8.3.26. Market Size and Forecast, by Well Type
8.3.26.1. Rest of Europe
8.3.27. Market Size and Forecast, by Lift Type
8.3.28. Market Size and Forecast, by Application
8.3.29. Market Size and Forecast, by Mechanism
8.3.30. Market Size and Forecast, by Well Type
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Lift Type
8.4.3. Market Size and Forecast, by Application
8.4.4. Market Size and Forecast, by Mechanism
8.4.5. Market Size and Forecast, by Well Type
8.4.6. Market Size and Forecast, by Country
8.4.6.1. China
8.4.7. Market Size and Forecast, by Lift Type
8.4.8. Market Size and Forecast, by Application
8.4.9. Market Size and Forecast, by Mechanism
8.4.10. Market Size and Forecast, by Well Type
8.4.10.1. Japan
8.4.11. Market Size and Forecast, by Lift Type
8.4.12. Market Size and Forecast, by Application
8.4.13. Market Size and Forecast, by Mechanism
8.4.14. Market Size and Forecast, by Well Type
8.4.14.1. India
8.4.15. Market Size and Forecast, by Lift Type
8.4.16. Market Size and Forecast, by Application
8.4.17. Market Size and Forecast, by Mechanism
8.4.18. Market Size and Forecast, by Well Type
8.4.18.1. South Korea
8.4.19. Market Size and Forecast, by Lift Type
8.4.20. Market Size and Forecast, by Application
8.4.21. Market Size and Forecast, by Mechanism
8.4.22. Market Size and Forecast, by Well Type
8.4.22.1. Australia
8.4.23. Market Size and Forecast, by Lift Type
8.4.24. Market Size and Forecast, by Application
8.4.25. Market Size and Forecast, by Mechanism
8.4.26. Market Size and Forecast, by Well Type
8.4.26.1. Rest of Asia-Pacific
8.4.27. Market Size and Forecast, by Lift Type
8.4.28. Market Size and Forecast, by Application
8.4.29. Market Size and Forecast, by Mechanism
8.4.30. Market Size and Forecast, by Well Type
8.5. Lamea
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast, by Lift Type
8.5.3. Market Size and Forecast, by Application
8.5.4. Market Size and Forecast, by Mechanism
8.5.5. Market Size and Forecast, by Well Type
8.5.6. Market Size and Forecast, by Country
8.5.6.1. Brazil
8.5.7. Market Size and Forecast, by Lift Type
8.5.8. Market Size and Forecast, by Application
8.5.9. Market Size and Forecast, by Mechanism
8.5.10. Market Size and Forecast, by Well Type
8.5.10.1. South Africa
8.5.11. Market Size and Forecast, by Lift Type
8.5.12. Market Size and Forecast, by Application
8.5.13. Market Size and Forecast, by Mechanism
8.5.14. Market Size and Forecast, by Well Type
8.5.14.1. Saudi Arabia
8.5.15. Market Size and Forecast, by Lift Type
8.5.16. Market Size and Forecast, by Application
8.5.17. Market Size and Forecast, by Mechanism
8.5.18. Market Size and Forecast, by Well Type
8.5.18.1. Rest of LAMEA
8.5.19. Market Size and Forecast, by Lift Type
8.5.20. Market Size and Forecast, by Application
8.5.21. Market Size and Forecast, by Mechanism
8.5.22. Market Size and Forecast, by Well Type
Chapter 9: Competitive Landscape
9.1. Introduction
9.1.1. Market Player Positioning, 2020
9.2. Top Winning Strategies
9.2.1. Top Winning Strategies, by Year
9.2.2. Top Winning Strategies, by Development
9.2.3. Top Winning Strategies, by Company
9.3. Product Mapping of Top 10 Players
9.4. Competitive Heatmap
9.5. Key Developments
9.5.1. New Product Launches
9.5.2. Expansions
9.5.3. Acquisition
9.5.4. Partnership
Chapter 10: Company Profiles:
10.1. Baker Hughes Company
10.1.1. Company Overview
10.1.2. Company Snapshot
10.1.1. Key Executives
10.1.2. Operating Business Segments
10.1.3. Product Portfolio
10.1.4. Business Performance
10.1.5. Key Strategic Moves and Developments
10.2. Borets International Limited
10.2.1. Company Overview
10.2.2. Company Snapshot
10.2.3. Key Executives
10.2.4. Product Portfolio
10.2.5. Business Performance
10.2.6. Key Strategic Moves and Developments
10.3. Championx
10.3.1. Company Overview
10.3.2. Company Snapshot
10.3.3. Key Executives
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves and Developments
10.4. Dover Corporation
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Key Executives
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. Business Performance
10.5. Halliburton
10.5.1. Company Overview
10.5.2. Company Snapshot
10.5.3. Key Executives
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. Business Performance
10.6. Jj Tech
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Product Portfolio
10.7. Nov Inc.
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Key Executives
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. Business Performance
10.7.7. Key Strategic Moves and Developments
10.8. Novomet
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Key Executives
10.8.4. Product Portfolio
10.9. Schlumberger Limited
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Key Executives
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. Business Performance
10.10. Weatherford International plc
10.10.1. Company Overview
10.10.2. Company Snapshot
10.10.3. Operating Business Segments
10.10.4. Product Portfolio
10.10.5. Business Performance
Source: Corporate Publications and Amr Analysis
List of Tables
Table 01. Global Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 02. Global Artificial Lift System, by Application 2020–2030 ($Million)
Table 03. Global Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 04. Global Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 05. North America Artificial Lift System Market, by Region 2020–2030 ($Million)
Table 06. North America Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 07. North America Artificial Lift System, by Application 2020–2030 ($Million)
Table 08. North America Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 09. North America Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 10. North America Artificial Lift System Market, by Country 2020–2030 ($Million)
Table 11. U.S Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 12. U.S Artificial Lift System, by Application 2020–2030 ($Million)
Table 13. U.S Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 14. U.S Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 15. Canada Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 16. Canada Artificial Lift System, by Application 2020–2030 ($Million)
Table 17. Canada Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 18. Canada Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 19. Mexico Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 20. Mexico Artificial Lift System, by Application 2020–2030 ($Million)
Table 21. Mexico Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 22. Mexico Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 23. Europe Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 24. Europe Artificial Lift System, by Application 2020–2030 ($Million)
Table 25. Europe Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 26. Europe Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 27. Europe Artificial Lift System Market, by Country 2020–2030 ($Million)
Table 28. France Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 29. France Artificial Lift System, by Application 2020–2030 ($Million)
Table 30. France Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 31. France Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 32. Germany Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 33. Germany Artificial Lift System, by Application 2020–2030 ($Million)
Table 34. Germany Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 35. Germany Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 36. Italy Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 37. Italy Artificial Lift System, by Application 2020–2030 ($Million)
Table 38. Italy Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 39. Italy Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 40. Spain Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 41. Spain Artificial Lift System, by Application 2020–2030 ($Million)
Table 42. Spain Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 43. Spain Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 44. Uk Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 45. Uk Artificial Lift System, by Application 2020–2030 ($Million)
Table 46. Uk Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 47. Uk Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 48. Rest of Europe Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 49. Rest of Europe Artificial Lift System, by Application 2020–2030 ($Million)
Table 50. Rest of Europe Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 51. Rest of Europe Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 52. Asia-Pacific Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 53. Asia-Pacific Artificial Lift System, by Application 2020–2030 ($Million)
Table 54. Asia-Pacific Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 55. Asia-Pacific Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 56. Asia-Pacific Artificial Lift System Market, by Country 2020–2030 ($Million)
Table 57. China Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 58. China Artificial Lift System, by Application 2020–2030 ($Million)
Table 59. China Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 60. China Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 61. Japan Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 62. Japan Artificial Lift System, by Application 2020–2030 ($Million)
Table 63. Japan Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 64. Japan Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 65. Indian Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 66. Indian Artificial Lift System, by Application 2020–2030 ($Million)
Table 67. Indian Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 68. Indian Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 69. South Korea Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 70. South Korea Artificial Lift System, by Application 2020–2030 ($Million)
Table 71. South Korea Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 72. South Korea Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 73. Australia Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 74. Australia Artificial Lift System, by Application 2020–2030 ($Million)
Table 75. Australia Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 76. Australia Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 77. Rest of Asia-Pacific Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 78. Rest of Asia-Pacific Artificial Lift System, by Application 2020–2030 ($Million)
Table 79. Rest of Asia-Pacific Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 80. Rest of Asia-Pacific Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 81. Lamea Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 82. Lamea Artificial Lift System, by Application 2020–2030 ($Million)
Table 83. Lamea Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 84. Lamea Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 85. Lamea Artificial Lift System Market, by Country 2020–2030 ($Million)
Table 86. Brazil Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 87. Brazil Artificial Lift System, by Application 2020–2030 ($Million)
Table 88. Brazil Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 89. Brazil Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 90. South Africa Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 91. South Africa Artificial Lift System, by Application 2020–2030 ($Million)
Table 92. South Africa Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 93. South Africa Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 94. Saudi Arabia Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 95. Saudi Arabia Artificial Lift System, by Application 2020–2030 ($Million)
Table 96. Saudi Arabia Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 97. Saudi Arabia Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 98. Rest of LAMEA Artificial Lift System, by Lift Type, 2020–2030 ($Million)
Table 99. Rest of LAMEA Artificial Lift System, by Application 2020–2030 ($Million)
Table 100. Rest of LAMEA Artificial Lift System, by Mechanism 2020–2030 ($Million)
Table 101. Rest of LAMEA Artificial Lift System, by Well Type 2020–2030 ($Million)
Table 102. Key New Product Launches (2018–2021)
Table 103. Key Expansions (2018–2021)
Table 104. Key Acquisition (2018–2021)
Table 105. Key Partnership (2018–2021)
Table 106. Baker Hughes Company: Company Snapshot
Table 107. Baker Hughes Company: Key Executives
Table 108. Baker Hughes Company, Inc. : Operating Segments
Table 109. Baker Hughes Company: Product Portfolio
Table 110. Overall Financial Status ($Million)
Table 111. Baker Hughes Company: Key Strategic Moves and Developments
Table 112. Borets International Limited: Company Snapshot
Table 113. Borets International Limited: Key Executives
Table 114. Borets International Limited: Product Portfolio
Table 115. Overall Financial Status ($Million)
Table 116. Borets International Limited: Key Strategic Moves and Developments
Table 117. Championx: Company Snapshot
Table 118. Championx: Key Executives
Table 119. Championx, Inc. : Operating Segments
Table 120. Championx: Product Portfolio
Table 121. Overall Financial Status ($Million)
Table 122. Championx: Key Strategic Moves and Developments
Table 123. Dover Corporation. : Company Snapshot
Table 124. Dover Corporation. : Key Executives
Table 125. Dover Corporation: Operating Segments
Table 126. Dover Corporation. : Product Portfolio
Table 127. Overall Financial Status ($Million)
Table 128. Halliburton: Company Snapshot
Table 129. Halliburton: Key Executives
Table 130. Halliburton: Operating Segments
Table 131. Halliburton: Product Portfolio
Table 132. Overall Financial Status ($Million)
Table 133. Jj Tech: Company Snapshot
Table 134. Jj Tech: Product Portfolio
Table 135. Nov Inc. : Company Snapshot
Table 136. Nov Inc. : Key Executives
Table 137. Nov Inc. . : Operating Segments
Table 138. Nov Inc. : Product Portfolio
Table 139. Overall Financial Status ($Million)
Table 140. Nov Inc. : Key Strategic Moves and Developments
Table 141. Novomet: Company Snapshot
Table 142. Novomet: Key Executives
Table 143. Novomet: Product Portfolio
Table 144. Schlumberger Limited: Company Snapshot
Table 145. Schlumberger Limited: Key Executives
Table 146. Schlumberger Limited. : Operating Segments
Table 147. Schlumberger Limited: Product Portfolio
Table 148. Overall Financial Status ($Million)
Table 149. Weatherford International plc: Company Snapshot
Table 150. Weatherford International plc. : Operating Segments
Table 151. Weatherford International plc: Product Portfolio
Table 152. Overall Financial Status ($Million)
List of Figures
Figure 01. Global Artificial Lift System Market Snapshot, by Segmentation, 2021–2030
Figure 02. Global Artificial Lift System Market Snapshot, by Region, 2021–2030
Figure 03. Global Artificial Lift System Market Segmentation
Figure 04. Top Investment Pockets
Figure 05. Moderate Barsgaining Power of Suppliers
Figure 06. Moderate Threat of New Entrants
Figure 07. Moderate Threat of Substitutes
Figure 08. Moderate Intensity of Competitive Rivalry
Figure 09. Moderate Barsgaining Power of Buyers
Figure 10. Global Artificial Lift System Market Dynamics
Figure 11. Value Chain Analysis
Figure 12. Global Artificial Lift System Revenue, by Lift Type ($ Million)
Figure 13. Market Size and Forecast, 2020-2030 ($ Million)
Figure 14. Market Size and Forecast, 2020-2030 ($ Million)
Figure 15. Market Size and Forecast, 2020-2030 ($ Million)
Figure 16. Market Size and Forecast, 2020-2030 ($ Million)
Figure 17. Market Size and Forecast, 2020-2030 ($ Million)
Figure 18. Market Size and Forecast, 2020-2030 ($ Million)
Figure 19. Global Artificial Lift System Revenue, by Application ($ Million)
Figure 20. Market Size and Forecast, 2020-2030 ($ Million)
Figure 21. Market Size and Forecast, 2020-2030 ($ Million)
Figure 22. Global Artificial Lift System Revenue, by Mechanism ($ Million)
Figure 23. Market Size and Forecast, 2020-2030 ($ Million)
Figure 24. Market Size and Forecast, 2020-2030 ($ Million)
Figure 25. Global Artificial Lift System Market Revenue, by Well Type ($ Million)
Figure 26. Market Size and Forecast, 2020-2030 ($ Million)
Figure 27. Market Size and Forecast, 2020-2030 ($ Million)
Figure 28. Global Artificial Lift System Market Revenue, by Region ($ Million)
Figure 29. U. S. Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 30. Canada Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 31. Mexico Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 32. France Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 33. Germany Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 34. Italy Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 35. Spain Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 36. Uk Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 37. Rest of Europe Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 38. China Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 39. Japan Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 40. India Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 41. South Korea Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 42. Australia Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 43. Rest of Asia-Pacific Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 44. Brazil Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 45. South Africa Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 46. Saudi Arabia Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 47. Rest of LAMEA Artificial Lift System Market Revenue, 2020–2030, ($ Million)
Figure 48. Market Player Positioning, 2020
Figure 49. Top Winning Strategies, by Year, 2018–2022
Figure 50. Top Winning Strategies, by Development, 2018–2022 (%)
Figure 51. Top Winning Strategies, by Company, 2018–2022
Figure 52. Product Mapping of Top 10 Players
Figure 53. Competitive Heatmap of Key Players
Figure 54. Baker Hughes Company: Revenue, 2018-2020 ($ Million)
Figure 55. Baker Hughes Company: Revenue Share by Segment, 2020 (%)
Figure 56. Baker Hughes Company: Revenue Share by Region, 2020 (%)
Figure 57. Borets International Limited: Revenue, 2018-2020 ($ Million)
Figure 58. Borets International Limited: Revenue Share by Region, 2020 (%)
Figure 59. Championx: Revenue, 2018-2020 ($ Million)
Figure 60. Championx: Revenue Share by Segment, 2020 (%)
Figure 61. Championx: Revenue Share by Region, 2020 (%)
Figure 62. Dover Corporation: Revenue, 2018-2020 ($ Million)
Figure 63. Dover Corporation: Revenue Share by Segment, 2020 (%)
Figure 64. Dover Corporation: Revenue Share by Region, 2020 (%)
Figure 65. Halliburton: Revenue, 2018-2020 ($ Million)
Figure 66. Halliburton: Revenue Share by Segment, 2020 (%)
Figure 67. Halliburton: Revenue Share by Region, 2020 (%)
Figure 68. Nov Inc: Revenue, 2018-2020 ($ Million)
Figure 69. Nov Inc: Revenue Share by Segment, 2020 (%)
Figure 70. Nov Inc: Revenue Share by Region, 2020 (%)
Figure 71. Schlumberger Limited: Revenue, 2018-2020 ($ Million)
Figure 72. Schlumberger Limited: Revenue Share by Segment, 2020 (%)
Figure 73. Schlumberger Limited: Revenue Share by Region, 2020 (%)
Figure 74. Weatherford International plc: Net Sales, 2018–2020 ($ Million)
Figure 75. Weatherford International plc: Revenue Share, by Segment, 2020 (%)
Figure 76. Weatherford International plc: Revenue Share, by Region, 2020 (%)

Executive Summary

According to a new report titled Artificial Lift System Market by Type, Mechanism, Application, and Well type: Global Opportunity Analysis and Industry Forecast, 2021-2030, Global Opportunity Analysis and Industry Forecast 2021–2030,” the global artificial lift system market size was valued at $26.3 billion in 2020 and is projected to reach $55.3 billion by 2030, growing at a CAGR of 7.7% from 2021 to 2030.

The artificial lift method is used to boost reservoir pressure and push crude oil to the surface. Artificial lift is used when the naturally derived energy of the reservoir is sufficient to push the oil to the surface area. Artificial lift is used to recoup more crude oil from the reservoir. The main focus of every oil & gas operator is to reduce both capital expenditure (CAPEX) & operating expenditure (OPEX) and maximize oil production while decreasing cost. Artificial lift is used to boost the circulation of liquids to the surface of a production oil well, and also this is attained by a mechanical device inside the well, such as a pump thus reducing the weight of the liquid/gas mixture using high-pressure gas and improving the lift effectiveness of the well through rate strings.

The growth of the artificial lift market is due to the increase in the need for oil & gas, accelerating economic growth, growing shale oil production, rising global population, enhancing financial investment in offshore drilling exploration activities, as well as a rising variety of mature reserves.

The significant trends that can be witnessed in this sector are technical innovations as well as the boom in footage of wells drilled. Furthermore, the development of the marketplace is prevented by volatility in petroleum prices, ecological problems, and also financial uncertainties.

The artificial lift system market is segmented on the basis of type, application, mechanism, well type, and region. By lift type, the market is segmented into reciprocating rod lift, electric submersible pumps, gas lift, progressing cavity pumps, jet pump, and others. On the basis of mechanism, it is segmented into pump-assisted and gas-assisted. By well type the market is segmented into vertical and horizontal. Region wise the study analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global artificial lift system market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the artificial lift system industry report include Baker Hughes Company, Borets International Limited., ChampionX, Dover Corporation, Halliburton, JJ Tech, NOV Inc., Novomet, Schlumberger Limited, and Weatherford International PLC.

The other players in the value chain (not included in the report) include Baker Hughes., Apergy ,and DistributionNOW.

Impact Of Covid -19 On The Global Artificial Lift System Market

  • The novel coronavirus had a negative impact on the artificial lift system market growth due to reduced activity in reservoirs
  • Price volatility in the oil & gas industry has been a challenging factor The COVID-19 crisis led to disruption to oil demand and also affected a wide range of industries such as coal and renewable oil & gas
  • The energy Information Administration (EIA) announced its forecast relating to crude oil production fall in the year 2020 and 2021 due to the falling demand for petroleum products
  • The unprecedented fall in oil prices due to the COVID crisis resulted in a sharp decline in the demand for oil from China led to implications in the oil & gas industry
  • Hence, the artificial lift system market has been negatively impacted during the pandemic period

Key Findings Of The Study


  • By region, North America accounted for the largest market share in 2020
  • By lift type, Electric Submersible Pumps (ESP) segment holds the largest market share in 2020
  • By application, the offshore segment accounted for the largest market share in 2020
  • By mechanism, the gas segment accounted for the largest market share in 2020
  • By well type, the horizontal segment accounted for the largest market share in 2020

Companies Mentioned

  • General Electric Company
  • Man Diesel & Turbo SE
  • Ebara Corporation
  • Mitsubishi Heavy Industries Compressor Corporation
  • Atlas Copco Energas GmbH
  • Solar Turbine Inc.
  • Burckhardt Compression Holding AG
  • Ariel Corporation
  • Neuman & Esser Group
  • Hitachi, Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages225
PublishedFebruary 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 26.3 billion
Forecasted Market Value ( USD ) by 2030 $ 55.3 billion
Compound Annual Growth Rate7.7%
Regions CoveredGlobal
No. of Companies Mentioned10

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