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Artificial Lift Systems Market

Published Aug 05, 2025
Length 166 Pages
SKU # CMI20399728

Description

Global artificial lift systems market is estimated to be valued at USD 9.14 Bn in 2025 and is expected to reach USD 15.67 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.0% from 2025 to 2032.

Artificial lift systems are mechanical devices that are used to reduce reservoir pressure and raise produced fluids to the surface in wells that does not have sufficient internal reservoir pressure or gas lift to flow to the surface. Artificial lift technologies assist in extraction of hydrocarbon fluids such as crude oil and natural gas from underground reservoirs. Various types of artificial lift systems including pumping systems, gas lift systems, and plunger lift systems are utilized depending on the reservoir characteristics and production economics. Rising exploration and production activities in mature oil and gas fields has boosted demand for artificial lift systems globally over the past few years. Growing need to recover remnants from producing reservoirs and maximize asset value is expected to drive the growth of artificial lift systems market during the forecast period.

Market Dynamics

Global artificial lift systems market growth is driven by declining production from mature oil & gas fields and increasing deepwater and ultra deepwater E&P activities. However, high installation and maintenance costs associated with artificial lift systems can hamper the market growth. Advancing technological capabilities in artificial lift solutions offers new opportunities for the market players. Advancements in automation, IoT, AI and digitalization widens the scope of artificial lift systems. Rising exploration and production of unconventional resources such as tight oil and shale gas also drive the market growth. However, stringent environmental regulations around hydraulic fracturing and shifting focus towards renewable energy can hamper the market growth.

Key features of the study
  • This report provides in depth analysis of the global artificial lift systems market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global artificial lift systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include GE Oil and Gas , John Crane Group , Baker Hughes Company , Apergy , Borets International , Schlumberger , Haliburton , Dover Corporation , AccessESP , Novomet , National Oil Well Varco Inc. , Weatherford , OILSERV , JJ Tech , Flotek Industries Inc. , Schlumberger , cairn Oil & Gas, Alkhorayeh Petroleum Services Limited.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
  • Global artificial lift systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global artificial lift systems market.
Market Segmentation
  • Application Insights (Revenue, USD Bn, 2020 - 2032)
  • Onshore
  • Offshore
  • Component Insights (Revenue, USD Bn, 2020 - 2032)
  • Pump
  • Motor
  • Cable System
  • Controller
  • Others
  • Lift Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Pressurized Water Reactor (PWR)
  • Electric Submersible Pumps
  • Gas lift
  • Progressing Cavity Pumps
  • Jet pump
  • Others
  • Mechanism Insights (Revenue, USD Bn, 2020 - 2032)
  • Pump Assisted
  • Gas Assisted
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa
  • Key Players Insights
  • GE Oil and Gas
  • John Crane Group
  • Baker Hughes Company
  • Apergy
  • Borets International
  • Schlumberger
  • Haliburton
  • Dover Corporation
  • AccessESP
  • Novomet
  • National Oil Well Varco Inc.
  • Weatherford
  • OILSERV
  • JJ Tech
  • Flotek Industries Inc.
  • Schlumberger
  • cairn Oil & Gas
  • Alkhorayeh Petroleum Services Limited

Table of Contents

166 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Application
Market Snippet, By Component
Market Snippet, By Lift Type
Market Snippet, By Mechanism
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of the COVID-19 Pandemic
4. Global Artificial Lift Systems Market, By Application, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Onshore
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Offshore
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
5. Global Artificial Lift Systems Market, By Component, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Pump
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Motor
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Cable System
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Controller
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
6. Global Artificial Lift Systems Market, By Lift Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Pressurized Water Reactor (PWR)
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Electric Submersible Pumps
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Gas lift
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Progressing Cavity Pumps
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Jet pump
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
7. Global Artificial Lift Systems Market, By Mechanism, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Pump Assisted
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Gas Assisted
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
8. Global Artificial Lift Systems Market, By Region, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
North America
Regional Trends
Market Size and Forecast, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, By Component, 2020-2032, (USD Bn)
Market Size and Forecast, By Lift Type, 2020-2032, (USD Bn)
Market Size and Forecast, By Mechanism, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, 2020-2032, (USD Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, By Component, 2020-2032, (USD Bn)
Market Size and Forecast, By Lift Type, 2020-2032, (USD Bn)
Market Size and Forecast, By Mechanism, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, 2020-2032, (USD Bn)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, By Component, 2020-2032, (USD Bn)
Market Size and Forecast, By Lift Type, 2020-2032, (USD Bn)
Market Size and Forecast, By Mechanism, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, 2020-2032, (USD Bn)
China
India
ASEAN
Australia
South Korea
Japan
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, By Component, 2020-2032, (USD Bn)
Market Size and Forecast, By Lift Type, 2020-2032, (USD Bn)
Market Size and Forecast, By Mechanism, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, 2020-2032, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, By Component, 2020-2032, (USD Bn)
Market Size and Forecast, By Lift Type, 2020-2032, (USD Bn)
Market Size and Forecast, By Mechanism, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, 2020-2032, (USD Bn)
GCC Countries
South Africa
Rest of the Middle East & Africa
9. Competitive Landscape
Company Profiles
GE Oil and Gas
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
John Crane Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Baker Hughes Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Apergy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Borets International
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Schlumberger
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Haliburton
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Dover Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
AccessESP
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Novomet
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
National Oil Well Varco Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Weatherford
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
OILSERV
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
JJ Tech
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Flotek Industries Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Schlumberger
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
cairn Oil & Gas
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Alkhorayeh Petroleum Services Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
*Browse 60 market data tables and 40 figures on Global Artificial Lift Systems Market – Global forecast to 2032”.
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