Global Artificial Lift Market Projected to Display 4.6% CAGR to 2023 Led by North America

MarketStudyReport.com provides 2018 edition of global artificial lift market report with 2023 forecasts for USA, Canada, Mexico, Argentina, Brazil, Russia, Norway, United Kingdom, China, India, Indonesia, Saudi Arabia, Oman and Algeria.

 

Global artificial lift market is mainly driven by rising number of rig counts and wells completion activities in conventional and non-conventional fields. Rising demand and price of hydrocarbons led to the development in upstream sector and drive oilfield service and equipment market accompanied with artificial lift industry.

 

North America region is the biggest regional artificial lift market in the current period and expected to lead in forecast period. In the forecast period, APAC region will witness strong growth backed by rising demand of hydrocarbon and investment in exploitation of conventional and non-conventional resources in China and India.

 

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The report titled Global Artificial Lift Market  – By Type (Glutamates, Acidulants, Hydrolyzed Veg Protein, Yeast Extracts, Others), By End-Use (Processed and Convenience Food, Meat and Fish Products), By Region, By Country (2018 Edition):  Forecast to 2023 – By Region (N. America, Europe, APAC, Latin America, ROW), By Country (U.S., Mexico, UK, Germany, China, Japan, India, Brazil) has covered and analysed the potential of Artificial Lift market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the worldwide flavour enhancer industry. Additionally, the report also highlights market entry strategies for various companies across the globe.

 

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global Artificial Lift market.

 

Major points under Scope of the Report:

 

Global Artificial Lift Market (Actual Period: 2017, Forecast Period: 2018-2023)

  • Artificial Lift Market – Sizing, Growth, Forecast
  • Analysis By Artificial Lift Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others)
  • Analysis By Mechanism (Pump assisted, Gas assisted)
  • By Application (Onshore, Offshore)

 

Regional Markets: North America, Latin America, Europe, Asia Pacific, MENA – (Actual Period: 2013-2017, Estimated Period: 2017, Forecast Period: 2018-2023)

  • Artificial Lift Market Sizing, Growth, Forecast
  • Analysis By Artificial Lift Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others)
  • Analysis By Mechanism (Pump assisted, Gas assisted)
  • By Application (Onshore, Offshore

 

Country Analysis – USA, Canada, Mexico, Argentina, Brazil, Russia, Norway, United Kingdom, China, India, Indonesia, Saudi Arabia, Oman, Algeria  (Actual Period: 2013-2017, Estimated Period: 2017, Forecast Period: 2018-2023)

  • Artificial Lift Market Sizing, Growth, Forecast
  • Analysis By Artificial Lift Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others)
  • Analysis By Mechanism (Pump assisted, Gas assisted)
  • By Application (Onshore, Offshore

Other Highlights of this Artificial Lift Market Report:

  • Market Dynamics Drivers and Challenges
  • Market Trends
  • Porter Five Force Analysis
  • SWOT Analysis

 

Companies analyzed in this report on artificial lift market include Weatherford, Schlumberger, Baker Hughes, a G.E company, Borets International ltd., Dover Corporation, Halliburton, National Oil Varco and Novomet.

 

Order a copy of this premium report on Artificial Lift market at

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Another research titled Global Artificial Lift Systems Market Research Report 2018 studies the global Artificial Lift Systems market status and forecast, categorizes the global Artificial Lift Systems market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).

 

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.

 

Read more at

https://www.marketstudyreport.com/reports/global-artificial-lift-systems-market-research-report-2018

 

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