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Artificial Lift Market | Key Players Insights, Business Growth Statistics, Trends and Forecast Report 2018-2022

(, July 11, 2018 ) Increasing energy demand and depleting natural resources around the world are compelling the usage of the various artificial lift techniques to improve oil recovery. Artificial lift is a process used on oil wells to increase pressure within the reservoir and encourage oil to the surface. They are basically designed to overcome bottom hole pressure to enable a well to produce at the desired rate. When the natural drive energy of the reservoir is not strong enough to push the oil to the surface, artificial lift is employed to recover more production. The decision to choose the best artificial lift method is based upon surface, reservoir, fluid and operational conditions.

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The key factors driving the growth of artificial lift market are increasing demand for oil & gas, accelerating economic growth, growing shale oil production, rising global population, increasing investment in offshore drilling exploration activities and rising number of mature reserves. The noteworthy trends that can be witnessed in this industry are technological advancements and upsurge in footage of wells drilled. However, the expansion of the market is hindered by the challenges such as volatility in crude oil prices, environmental issues and economic uncertainties.

The report "Global Artificial lift Market-Industry Analysis & Outlook (2018-2022)" provides an in-depth analysis of the artificial market on a global scale along with the North America, Europe, Asia Pacific and Latin America markets. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such Baker Hughes, Schlumberger N.V. Weatherford International and Dover Corporation (Apergy). All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.

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Table of Contents:

1.1 Artificial Lift
1.2 Pump Assisted Lifts
1.3 Gas Lifts

2. Global Artificial Lift Market

2.1 Global Artificial Lift Market by Value
2.2 Global Artificial Lift Market Forecast by Value
2.3 Global Artificial Lift Market by Segment
2.3.1 Global Electrical Submersible Pump Market Forecast by Value
2.3.2 Global Rod Lift Market Forecast by Value
2.3.3 Global Gas Lift Market Forecast by Value
2.4 Global Artificial Lift Market by Region

3. Regional Market Analysis

3.1 North America
3.1.1 North America Artificial Lift Market Forecast by Value
3.1.2 North America Artificial Lift Market by Segment
3.1.3 North America Rod Lift Market Forecast by Value
3.1.4 North America Electrical Submersible Pumps Market Forecast by Value
3.1.5 North America Progressive Cavity Pumps Market Forecast by Value

3.2 Europe
3.2.1 Europe Artificial Lift Market Forecast by Value

3.3 Latin America
3.3.1 Latin America Artificial Lift Market Forecast by Value

3.4 Asia Pacific
3.4.1 Asia Pacific Artificial Lift Market Forecast by Value

4. Market Dynamics

4.1 Growth Drivers
4.1.1 Increasing Demand for Energy
4.1.2 Upsurge in Global Population
4.1.3 Growing Shale Oil Production
4.1.4 Accelerating Economic Growth
4.1.5 Rise in Offshore Exploration Activities
4.1.6 Increased Number of Mature Fields/Reserves

4.2 Key Trends & Developments
4.2.1 Upsurge in Footage of Wells Drilled
4.2.2 Technological Advancements
4.2.3 Incorporation of Internet of Things (IoT)

4.3 Challenges
4.3.1 Volatility of Oil Prices
4.3.2 Environmental Issues
4.3.3 Economic Uncertainties

5. Competitive Landscape

5.1 Global Market
5.1.1 Revenue Comparison of Key Companies
5.1.2 Market Cap Comparison of Key Companies
5.1.3 Global Artificial Lift Market Share by Company

6. Company Profiles

6.1 Baker Hughes (BHGE)
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies

6.2 Schlumberger N.V.
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies

6.3 Weatherford International
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies

6.4 Dover Corporation (Apergy)
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies

For more information about this report: .

Rajat Sahni


Source: EmailWire.Com

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