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Artificial Lifts-Global Market Insights and Sales Trends 2024
Synopsis
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 global Artificial Lifts market size is expected to reach US$ 13750 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Artificial Lifts in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Artificial Lifts market. Pump Assisted, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Gas Assisted segment is estimated at % CAGR for the next seven-year period.
The major players in global Artificial Lift market include Weatherford, Schlumberger, General Electric, etc. The top 3 players occupy about 50% shares of the global market. North America is the main market, and occupies over 60% of the global market. ESP is the main type, with a share about 46%. Onshore and Offshore are main applications.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Artificial Lifts, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Artificial Lifts market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Artificial Lifts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Artificial Lifts sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Artificial Lifts covered in this report include Schlumberger, GE, Dover Corporation, GE(Baker Hughes), Weatherford International, Halliburton Company, JJ Tech, National Oilwell Varco and BCP Group, etc.
The global Artificial Lifts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
GE
Dover Corporation
GE(Baker Hughes)
Weatherford International
Halliburton Company
JJ Tech
National Oilwell Varco
BCP Group
NOVOMET
Aker Solutions
Occidental Petroleum
Flotek Industries
Borets International
Global Artificial Lifts market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Artificial Lifts market, Segment by Type:
Pump Assisted
Gas Assisted
Global Artificial Lifts market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Artificial Lifts manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Artificial Lifts in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 global Artificial Lifts market size is expected to reach US$ 13750 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Artificial Lifts in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Artificial Lifts market. Pump Assisted, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Gas Assisted segment is estimated at % CAGR for the next seven-year period.
The major players in global Artificial Lift market include Weatherford, Schlumberger, General Electric, etc. The top 3 players occupy about 50% shares of the global market. North America is the main market, and occupies over 60% of the global market. ESP is the main type, with a share about 46%. Onshore and Offshore are main applications.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Artificial Lifts, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Artificial Lifts market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Artificial Lifts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Artificial Lifts sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Artificial Lifts covered in this report include Schlumberger, GE, Dover Corporation, GE(Baker Hughes), Weatherford International, Halliburton Company, JJ Tech, National Oilwell Varco and BCP Group, etc.
The global Artificial Lifts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
GE
Dover Corporation
GE(Baker Hughes)
Weatherford International
Halliburton Company
JJ Tech
National Oilwell Varco
BCP Group
NOVOMET
Aker Solutions
Occidental Petroleum
Flotek Industries
Borets International
Global Artificial Lifts market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Artificial Lifts market, Segment by Type:
Pump Assisted
Gas Assisted
Global Artificial Lifts market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Artificial Lifts manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Artificial Lifts in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Artificial Lifts Market Overview
1.1 Artificial Lifts Product Overview
1.2 Artificial Lifts Market Segment by Type
1.2.1 Pump Assisted
1.2.2 Gas Assisted
1.3 Global Artificial Lifts Market Size by Type
1.3.1 Global Artificial Lifts Market Size Overview by Type (2018-2029)
1.3.2 Global Artificial Lifts Historic Market Size Review by Type (2018-2023)
1.3.3 Global Artificial Lifts Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Artificial Lifts Sales Breakdown by Type (2018-2023)
1.4.2 Europe Artificial Lifts Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Artificial Lifts Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Artificial Lifts Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Artificial Lifts Sales Breakdown by Type (2018-2023)
2 Global Artificial Lifts Market Competition by Company
2.1 Global Top Players by Artificial Lifts Sales (2018-2023)
2.2 Global Top Players by Artificial Lifts Revenue (2018-2023)
2.3 Global Top Players by Artificial Lifts Price (2018-2023)
2.4 Global Top Manufacturers Artificial Lifts Manufacturing Base Distribution, Sales Area, Product Type
2.5 Artificial Lifts Market Competitive Situation and Trends
2.5.1 Artificial Lifts Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Artificial Lifts Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Artificial Lifts as of 2022)
2.7 Date of Key Manufacturers Enter into Artificial Lifts Market
2.8 Key Manufacturers Artificial Lifts Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Artificial Lifts Status and Outlook by Region
3.1 Global Artificial Lifts Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Artificial Lifts Historic Market Size by Region
3.2.1 Global Artificial Lifts Sales in Volume by Region (2018-2023)
3.2.2 Global Artificial Lifts Sales in Value by Region (2018-2023)
3.2.3 Global Artificial Lifts Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Artificial Lifts Forecasted Market Size by Region
3.3.1 Global Artificial Lifts Sales in Volume by Region (2024-2029)
3.3.2 Global Artificial Lifts Sales in Value by Region (2024-2029)
3.3.3 Global Artificial Lifts Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Artificial Lifts by Application
4.1 Artificial Lifts Market Segment by Application
4.1.1 Onshore
4.1.2 Offshore
4.2 Global Artificial Lifts Market Size by Application
4.2.1 Global Artificial Lifts Market Size Overview by Application (2018-2029)
4.2.2 Global Artificial Lifts Historic Market Size Review by Application (2018-2023)
4.2.3 Global Artificial Lifts Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Artificial Lifts Sales Breakdown by Application (2018-2023)
4.3.2 Europe Artificial Lifts Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Artificial Lifts Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Artificial Lifts Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Artificial Lifts Sales Breakdown by Application (2018-2023)
5 North America Artificial Lifts by Country
5.1 North America Artificial Lifts Historic Market Size by Country
5.1.1 North America Artificial Lifts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Artificial Lifts Sales in Volume by Country (2018-2023)
5.1.3 North America Artificial Lifts Sales in Value by Country (2018-2023)
5.2 North America Artificial Lifts Forecasted Market Size by Country
5.2.1 North America Artificial Lifts Sales in Volume by Country (2024-2029)
5.2.2 North America Artificial Lifts Sales in Value by Country (2024-2029)
6 Europe Artificial Lifts by Country
6.1 Europe Artificial Lifts Historic Market Size by Country
6.1.1 Europe Artificial Lifts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Artificial Lifts Sales in Volume by Country (2018-2023)
6.1.3 Europe Artificial Lifts Sales in Value by Country (2018-2023)
6.2 Europe Artificial Lifts Forecasted Market Size by Country
6.2.1 Europe Artificial Lifts Sales in Volume by Country (2024-2029)
6.2.2 Europe Artificial Lifts Sales in Value by Country (2024-2029)
7 Asia-Pacific Artificial Lifts by Region
7.1 Asia-Pacific Artificial Lifts Historic Market Size by Region
7.1.1 Asia-Pacific Artificial Lifts Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Artificial Lifts Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Artificial Lifts Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Artificial Lifts Forecasted Market Size by Region
7.2.1 Asia-Pacific Artificial Lifts Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Artificial Lifts Sales in Value by Region (2024-2029)
8 Latin America Artificial Lifts by Country
8.1 Latin America Artificial Lifts Historic Market Size by Country
8.1.1 Latin America Artificial Lifts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Artificial Lifts Sales in Volume by Country (2018-2023)
8.1.3 Latin America Artificial Lifts Sales in Value by Country (2018-2023)
8.2 Latin America Artificial Lifts Forecasted Market Size by Country
8.2.1 Latin America Artificial Lifts Sales in Volume by Country (2024-2029)
8.2.2 Latin America Artificial Lifts Sales in Value by Country (2024-2029)
9 Middle East and Africa Artificial Lifts by Country
9.1 Middle East and Africa Artificial Lifts Historic Market Size by Country
9.1.1 Middle East and Africa Artificial Lifts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Artificial Lifts Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Artificial Lifts Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Artificial Lifts Forecasted Market Size by Country
9.2.1 Middle East and Africa Artificial Lifts Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Artificial Lifts Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Schlumberger
10.1.1 Schlumberger Company Information
10.1.2 Schlumberger Introduction and Business Overview
10.1.3 Schlumberger Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Schlumberger Artificial Lifts Products Offered
10.1.5 Schlumberger Recent Development
10.2 GE
10.2.1 GE Company Information
10.2.2 GE Introduction and Business Overview
10.2.3 GE Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.2.4 GE Artificial Lifts Products Offered
10.2.5 GE Recent Development
10.3 Dover Corporation
10.3.1 Dover Corporation Company Information
10.3.2 Dover Corporation Introduction and Business Overview
10.3.3 Dover Corporation Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Dover Corporation Artificial Lifts Products Offered
10.3.5 Dover Corporation Recent Development
10.4 GE(Baker Hughes)
10.4.1 GE(Baker Hughes) Company Information
10.4.2 GE(Baker Hughes) Introduction and Business Overview
10.4.3 GE(Baker Hughes) Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.4.4 GE(Baker Hughes) Artificial Lifts Products Offered
10.4.5 GE(Baker Hughes) Recent Development
10.5 Weatherford International
10.5.1 Weatherford International Company Information
10.5.2 Weatherford International Introduction and Business Overview
10.5.3 Weatherford International Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Weatherford International Artificial Lifts Products Offered
10.5.5 Weatherford International Recent Development
10.6 Halliburton Company
10.6.1 Halliburton Company Company Information
10.6.2 Halliburton Company Introduction and Business Overview
10.6.3 Halliburton Company Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Halliburton Company Artificial Lifts Products Offered
10.6.5 Halliburton Company Recent Development
10.7 JJ Tech
10.7.1 JJ Tech Company Information
10.7.2 JJ Tech Introduction and Business Overview
10.7.3 JJ Tech Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.7.4 JJ Tech Artificial Lifts Products Offered
10.7.5 JJ Tech Recent Development
10.8 National Oilwell Varco
10.8.1 National Oilwell Varco Company Information
10.8.2 National Oilwell Varco Introduction and Business Overview
10.8.3 National Oilwell Varco Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.8.4 National Oilwell Varco Artificial Lifts Products Offered
10.8.5 National Oilwell Varco Recent Development
10.9 BCP Group
10.9.1 BCP Group Company Information
10.9.2 BCP Group Introduction and Business Overview
10.9.3 BCP Group Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.9.4 BCP Group Artificial Lifts Products Offered
10.9.5 BCP Group Recent Development
10.10 NOVOMET
10.10.1 NOVOMET Company Information
10.10.2 NOVOMET Introduction and Business Overview
10.10.3 NOVOMET Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.10.4 NOVOMET Artificial Lifts Products Offered
10.10.5 NOVOMET Recent Development
10.11 Aker Solutions
10.11.1 Aker Solutions Company Information
10.11.2 Aker Solutions Introduction and Business Overview
10.11.3 Aker Solutions Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Aker Solutions Artificial Lifts Products Offered
10.11.5 Aker Solutions Recent Development
10.12 Occidental Petroleum
10.12.1 Occidental Petroleum Company Information
10.12.2 Occidental Petroleum Introduction and Business Overview
10.12.3 Occidental Petroleum Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Occidental Petroleum Artificial Lifts Products Offered
10.12.5 Occidental Petroleum Recent Development
10.13 Flotek Industries
10.13.1 Flotek Industries Company Information
10.13.2 Flotek Industries Introduction and Business Overview
10.13.3 Flotek Industries Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Flotek Industries Artificial Lifts Products Offered
10.13.5 Flotek Industries Recent Development
10.14 Borets International
10.14.1 Borets International Company Information
10.14.2 Borets International Introduction and Business Overview
10.14.3 Borets International Artificial Lifts Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Borets International Artificial Lifts Products Offered
10.14.5 Borets International Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Artificial Lifts Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Artificial Lifts Industrial Chain Analysis
11.4 Artificial Lifts Market Dynamics
11.4.1 Artificial Lifts Industry Trends
11.4.2 Artificial Lifts Market Drivers
11.4.3 Artificial Lifts Market Challenges
11.4.4 Artificial Lifts Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Artificial Lifts Distributors
12.3 Artificial Lifts Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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