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Artificial Lift Market by Type (Electrical Submersible Pumps, Gas Lift, Progressive Cavity Pumps), Mechanism (Gas Assisted, Pump Assisted), Well type, Component, Application - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 194 Pages
SKU # IRE18418561

Description

Artificial Lift Market by Type (Electrical Submersible Pumps, Gas Lift, Progressive Cavity Pumps), Mechanism (Gas Assisted, Pump Assisted), Well type, Component, Application - Global Forecast 2024-2030


The Artificial Lift Market size was estimated at USD 9.93 billion in 2023 and expected to reach USD 10.60 billion in 2024, at a CAGR 6.84% to reach USD 15.79 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Artificial Lift Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Artificial Lift Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Artificial Lift Market, highlighting leading vendors and their innovative profiles. These include Baker Hughes Company, ChampionX Corporation, Dover Corporation, Flotek Industries, Inc., General Electric Company, Halliburton Company, JJ TECH, John Crane, Inc., NOV Inc., Oilserv Limited, PCM Artificial Lift Solutions, Priority Artificial Lift Services, LLC, Production Lift Companies, Tally Energy Services, and Weatherford International PLC.

Market Segmentation & Coverage

This research report categorizes the Artificial Lift Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type

Electrical Submersible Pumps
  • Gas Lift
  • Progressive Cavity Pumps
  • Rod Lift
  • Mechanism

    Gas Assisted
  • Pump Assisted

    Dynamic Displacement
  • Positive Displacement
  • Well type

    Horizontal
  • Vertical
  • Component

    Cable System
  • Controller
  • Drive Head
  • Gas-lift Mandrels
  • Gas-lift Valves
  • Motor
  • Pump
  • Pump Jack
  • Separator
  • Sucker Rod
  • Application

    Offshore
  • Onshore
  • Region

    Americas

    Argentina
  • Brazil
  • Canada
  • Mexico
  • United States

    California
  • Florida
  • Illinois
  • New York
  • Ohio
  • Pennsylvania
  • Texas
  • Asia-Pacific

    Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
  • Europe, Middle East & Africa

    Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Israel
  • Italy
  • Netherlands
  • Nigeria
  • Norway
  • Poland
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • United Arab Emirates
  • United Kingdom
    The report offers valuable insights on the following aspects:

    1. Market Penetration: It presents comprehensive information on the market provided by key players.
    2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
    3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
    4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
    5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
    The report addresses key questions such as:

    1. What is the market size and forecast of the Artificial Lift Market?
    2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Artificial Lift Market?
    3. What are the technology trends and regulatory frameworks in the Artificial Lift Market?
    4. What is the market share of the leading vendors in the Artificial Lift Market?
    5. Which modes and strategic moves are suitable for entering the Artificial Lift Market?


    Note: PDF & Excel + Online Access - 1 Year

    • Table of Contents

    194 Pages
    1. Preface
    1.1. Objectives of the Study
    1.2. Market Segmentation & Coverage
    1.3. Years Considered for the Study
    1.4. Currency & Pricing
    1.5. Language
    1.6. Limitations
    1.7. Assumptions
    1.8. Stakeholders
    2. Research Methodology
    2.1. Define: Research Objective
    2.2. Determine: Research Design
    2.3. Prepare: Research Instrument
    2.4. Collect: Data Source
    2.5. Analyze: Data Interpretation
    2.6. Formulate: Data Verification
    2.7. Publish: Research Report
    2.8. Repeat: Report Update
    3. Executive Summary
    4. Market Overview
    4.1. Introduction
    4.2. Artificial Lift Market, by Region
    5. Market Insights
    5.1. Market Dynamics
    5.1.1. Drivers
    5.1.1.1. Growing exploration and production (E&P) activities to meet the energy demand
    5.1.1.2. Increase in demand from unconventional oil and gas reserves
    5.1.1.3. Rising ultra-deep and deepwater activities
    5.1.2. Restraints
    5.1.2.1. Environmental concerns related to artificial lift technologies
    5.1.2.2. Limited labor skills
    5.1.3. Opportunities
    5.1.3.1. High potential in the redevelopment of mature fields
    5.1.3.2. Increasing adoption of smart artificial lift systems
    5.1.4. Challenges
    5.1.4.1. Limited number of skilled professionals to manage artificial lifts
    5.2. Market Segmentation Analysis
    5.3. Market Trend Analysis
    5.4. Cumulative Impact of High Inflation
    5.5. Porter’s Five Forces Analysis
    5.5.1. Threat of New Entrants
    5.5.2. Threat of Substitutes
    5.5.3. Bargaining Power of Customers
    5.5.4. Bargaining Power of Suppliers
    5.5.5. Industry Rivalry
    5.6. Value Chain & Critical Path Analysis
    5.7. Regulatory Framework
    6. Artificial Lift Market, by Type
    6.1. Introduction
    6.2. Electrical Submersible Pumps
    6.3. Gas Lift
    6.4. Progressive Cavity Pumps
    6.5. Rod Lift
    7. Artificial Lift Market, by Mechanism
    7.1. Introduction
    7.2. Gas Assisted
    7.3. Pump Assisted
    7.4.1. Dynamic Displacement
    7.4.2. Positive Displacement
    8. Artificial Lift Market, by Well type
    8.1. Introduction
    8.2. Horizontal
    8.3. Vertical
    9. Artificial Lift Market, by Component
    9.1. Introduction
    9.2. Cable System
    9.3. Controller
    9.4. Drive Head
    9.5. Gas-lift Mandrels
    9.6. Gas-lift Valves
    9.7. Motor
    9.8. Pump
    9.9. Pump Jack
    9.10. Separator
    9.11. Sucker Rod
    10. Artificial Lift Market, by Application
    10.1. Introduction
    10.2. Offshore
    10.3. Onshore
    11. Americas Artificial Lift Market
    11.1. Introduction
    11.2. Argentina
    11.3. Brazil
    11.4. Canada
    11.5. Mexico
    11.6. United States
    12. Asia-Pacific Artificial Lift Market
    12.1. Introduction
    12.2. Australia
    12.3. China
    12.4. India
    12.5. Indonesia
    12.6. Japan
    12.7. Malaysia
    12.8. Philippines
    12.9. Singapore
    12.10. South Korea
    12.11. Taiwan
    12.12. Thailand
    12.13. Vietnam
    13. Europe, Middle East & Africa Artificial Lift Market
    13.1. Introduction
    13.2. Denmark
    13.3. Egypt
    13.4. Finland
    13.5. France
    13.6. Germany
    13.7. Israel
    13.8. Italy
    13.9. Netherlands
    13.10. Nigeria
    13.11. Norway
    13.12. Poland
    13.13. Qatar
    13.14. Russia
    13.15. Saudi Arabia
    13.16. South Africa
    13.17. Spain
    13.18. Sweden
    13.19. Switzerland
    13.20. Turkey
    13.21. United Arab Emirates
    13.22. United Kingdom
    14. Competitive Landscape
    14.1. FPNV Positioning Matrix
    14.2. Market Share Analysis, By Key Player
    14.3. Competitive Scenario Analysis, By Key Player
    15. Competitive Portfolio
    15.1. Key Company Profiles
    15.1.1. Baker Hughes Company
    15.1.2. ChampionX Corporation
    15.1.3. Dover Corporation
    15.1.4. Flotek Industries, Inc.
    15.1.5. General Electric Company
    15.1.6. Halliburton Company
    15.1.7. JJ TECH
    15.1.8. John Crane, Inc.
    15.1.9. NOV Inc.
    15.1.10. Oilserv Limited
    15.1.11. PCM Artificial Lift Solutions
    15.1.12. Priority Artificial Lift Services, LLC
    15.1.13. Production Lift Companies
    15.1.14. Tally Energy Services
    15.1.15. Weatherford International PLC
    15.2. Key Product Portfolio
    16. Appendix
    16.1. Discussion Guide
    16.2. License & Pricing
    FIGURE 1. ARTIFICIAL LIFT MARKET RESEARCH PROCESS
    FIGURE 2. ARTIFICIAL LIFT MARKET SIZE, 2023 VS 2030
    FIGURE 3. ARTIFICIAL LIFT MARKET SIZE, 2018-2030 (USD MILLION)
    FIGURE 4. ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
    FIGURE 5. ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 6. ARTIFICIAL LIFT MARKET DYNAMICS
    FIGURE 7. ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
    FIGURE 8. ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 9. ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2023 VS 2030 (%)
    FIGURE 10. ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 11. ARTIFICIAL LIFT MARKET SIZE, BY WELL TYPE, 2023 VS 2030 (%)
    FIGURE 12. ARTIFICIAL LIFT MARKET SIZE, BY WELL TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 13. ARTIFICIAL LIFT MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
    FIGURE 14. ARTIFICIAL LIFT MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 15. ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
    FIGURE 16. ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 17. AMERICAS ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    FIGURE 18. AMERICAS ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 19. UNITED STATES ARTIFICIAL LIFT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
    FIGURE 20. UNITED STATES ARTIFICIAL LIFT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 21. ASIA-PACIFIC ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    FIGURE 22. ASIA-PACIFIC ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 23. EUROPE, MIDDLE EAST & AFRICA ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    FIGURE 24. EUROPE, MIDDLE EAST & AFRICA ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    FIGURE 25. ARTIFICIAL LIFT MARKET, FPNV POSITIONING MATRIX, 2023
    FIGURE 26. ARTIFICIAL LIFT MARKET SHARE, BY KEY PLAYER, 2023

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