Market Research Logo

Global Subsea Artificial Lift Systems Market 2017-2021

Global Subsea Artificial Lift Systems Market 2017-2021

About Subsea Artificial Lift Systems

Artificial lift systems are used during the production activities in oil and gas wells. They are used in mature fields as well as in new fields to increase the production rate of petroleum. Because the pressure in oil and gas well drops with production, artificial lift methods, which reduce the bottom-hole pressure on the formation and increase the production rate of the wells, are employed.

Technavio’s analysts forecast the global subsea artificial lift systems market to grow at a CAGR of 2.20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global subsea artificial lift systems market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Subsea Artificial Lift Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Baker Hughes
  • General Electric
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford
Other prominent vendors
  • Borets
  • Dover Artificial Lift
  • Epic Lift Systems
  • Flotek Industries
  • JJ Tech
  • Lycon
  • Multi-Chase Group
  • NOVOMET
  • Superior Energy Services
  • Tenaris
  • United Drilling Tools
Market driver
  • Need to increase efficiency of existing wells
  • For a full, detailed list, view our report
Market challenge
  • Flow assurance difficulties associated with subsea artificial lift systems
  • For a full, detailed list, view our report
Market trend
  • Integration of Big Data Analytics with upstream operations
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Subsea Artificial Lift Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global subsea artificial lift systems market: Baker Hughes, General Electric, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford.

Other Prominent Vendors in the market are: Borets, Dover Artificial Lift, Epic Lift Systems, Flotek Industries, JJ Tech, Lycon, Multi-Chase Group, NOVOMET, Superior Energy Services, Tenaris, and United Drilling Tools.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of Big Data Analytics with upstream operations. With the declining profit margins owing to the increased production costs and low oil prices, the industry is focusing on managing operational costs to maintain incremental profit margins and cash flow.”

According to the report, one driver in the market is need of increasing efficiency of existing wells. The plunge in global crude oil prices had a significant negative impact on the upstream oil and gas sector. The drilling market was severely affected and saw high rates of employee layoffs and reduced revenues in major oil and gas companies. The crude oil price slump caused a huge decline in the profits of the upstream E&P and service provider companies.

Further, the report states that one challenge in the market is flow assurance difficulties associated with subsea artificial lift systems. There are many challenges for subsea artificial lift systems, such as flow assurance problems, which include scaling, slug flow, emulsions, and asphaltenes. Asphaltenes are undesired compounds found in crude oil. During gas lift operations, asphaltenes may get precipitated near the wellbore, leading to the plugging of tubing and gas lift equipment.



Companies Mentioned

Baker Hughes, General Electric, Halliburton, National Oilwell Varco, Schlumberger, Weatherford, Borets, Dover Artificial Lift, Epic Lift Systems, Flotek Industries, JJ Tech, Lycon, Multi-Chase Group, NOVOMET, Superior Energy Services, Tenaris, and United Drilling Tools.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Oil well lifecycle
  • Market landscape
    • Market overview
      • Table Global subsea artificial lift systems market segmentation: An overview
    • Market size and forecast
      • Table Global subsea artificial lift systems market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Global subsea artificial lift systems market by geography
      • Table Global subsea artificial lift systems market by geography 2016 and 2021 (%)
      • Table Global subsea artificial lift systems market by geography 2016-2021 ($ billions)
    • Subsea artificial lift systems market in Americas
      • Table Subsea artificial lift systems market in Americas 2016-2021 ($ billions)
      • Table Americas rig count 2014-2016
    • Subsea artificial lift systems market in EMEA
      • Table Subsea artificial lift systems market in EMEA 2016-2021 ($ billions)
    • Subsea artificial lift systems market in APAC
      • Table Subsea artificial lift systems market in APAC 2016-2021 ($ billions)
  • Market segmentation by product type
    • Global subsea artificial lift systems market by product type
      • Table Global subsea artificial lift systems market by product 2016 and 2021 (%)
      • Table Global subsea artificial lift systems market by product 2016-2021 ($ billions)
    • Global pump-assisted subsea artificial lift systems market
      • Table Global pump-assisted subsea artificial lift systems market 2016-2021 ($ billions)
    • Global gas-assisted subsea artificial lift systems market
      • Table Global gas-assisted subsea artificial lift systems market 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global liquid fuels consumption 2007-2018 (mbpd)
      • Table Global rig count 2014-2016
    • Market challenges
  • Market trends
    • Integration of Big Data Analytics with upstream operations
    • Introduction of 4D seismic survey technology
      • Table Evolution of seismic survey techniques
    • Emergence of microgrid technology
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors (Indicative list)
  • Key vendor analysis
    • Baker Hughes
      • Table Baker Hughes: Key products/services
    • General Electric
      • Table General Electric: Key products/services
    • Halliburton
      • Table Halliburton: Key products/services
    • National Oilwell Varco
      • Table National Oilwell Varco: Key products/services
    • Schlumberger
      • Table Schlumberger: Key products/services
    • Weatherford
      • Table Weatherford: Key products/services
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report