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Global Artificial Lift Market: Industry Analysis & Outlook (2018-2022)

Global Artificial Lift Market: Industry Analysis & Outlook (2018-2022)

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.

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.


1. Overview
1.1 Artificial Lift
Table 1: Artificial Lift Categories
1.2 Pump Assisted Lifts
1.3 Gas Lifts
2. Global Artificial Lift Market
2.1 Global Artificial Lift Market by Value
Table 2: Global Artificial Lift Market by Value (2013-2017)
2.2 Global Artificial Lift Market Forecast by Value
Table 3: Global Artificial Lift Market Forecast by Value (2018-2022)
2.3 Global Artificial Lift Market by Segment
Table 4: Global Artificial Lift Market by Segment (2017)
2.3.1 Global Electrical Submersible Pump Market Forecast by Value
Table 5: Global Electrical Submersible Pump Market Forecast by Value (2017-2022)
2.3.2 Global Rod Lift Market Forecast by Value
Table 6: Global Rod Lift Market Forecast by Value (2017-2022)
2.3.3 Global Gas Lift Market Forecast by Value
Table 7: Global Gas Lift Market Forecast by Value (2017-2022)
2.4 Global Artificial Lift Market by Region
Table 8: Global Artificial Lift Market by Region (2017)
3. Regional Market Analysis
3.1 North America
3.1.1 North America Artificial Lift Market Forecast by Value
Table 9: North America Artificial Lift Market Forecast by Value (2017-2022)
3.1.2 North America Artificial Lift Market by Segment
Table 10: North America Artificial Lift Market by Segment (2017)
3.1.3 North America Rod Lift Market Forecast by Value
Table 11: North America Rod Lift Market Forecast by Value (2017-2022)
3.1.4 North America Electrical Submersible Pumps Market Forecast by Value
Table 12: North America Electrical Submersible Pumps Forecast by Value (2017-2022)
3.1.5 North America Progressive Cavity Pumps Market Forecast by Value
Table 13: North America Progressive Cavity Pumps Market Forecast by Value (2017-2022)
3.2 Europe
3.2.1 Europe Artificial Lift Market Forecast by Value
Table 14: Europe Artificial Lift Market Forecast by Value (2017-2022)
3.3 Latin America
3.3.1 Latin America Artificial Lift Market Forecast by Value
Table 15: Latin America Artificial Lift Market Forecast by Value (2017-2022)
3.4 Asia Pacific
3.4.1 Asia Pacific Artificial Lift Market Forecast by Value
Table 16: Asia Pacific Artificial Lift Market Forecast by Value (2017-2022)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Demand for Energy
Table 17: Global Oil Demand (2013-2017)
Table 18: Global Natural Gas Consumption (2013-2017)
4.1.2 Upsurge in Global Population
Table 19: Global Population (2013-2017)
4.1.3 Growing Shale Oil Production
Table 20: The US Shale Oil Production (2013-2017)
4.1.4 Accelerating Economic Growth
Table 21: Global Gross Domestic Product (GDP) per Capita (2013-2017)
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
Table 22: The US Annual Footage Drilled, by Type (2017-2022)
4.2.2 Technological Advancements
4.2.3 Incorporation of Internet of Things (IoT)
4.3 Challenges
4.3.1 Volatility of Oil Prices
Table 23: Average Annual Brent Crude Oil Price (2010-2017)
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
Table 24: Revenue Comparison of Key Companies (2017)
5.1.2 Market Cap Comparison of Key Companies
Table 25: Market Cap Comparison of Key Companies (2017)
5.1.3 Global Artificial Lift Market Share by Company
Table 26: Global Artificial Lift Market Share by Company (2017)
6. Company Profiles
6.1 Baker Hughes (BHGE)
6.1.1 Business Overview
Table 27: Overview of Baker Hughes Business Segments (2017)
Table 28: Baker Hughes Revenue Share by Business Segments (2017)
6.1.2 Financial Overview
Table 29: Baker Hughes Revenue and Net Income (2013-2017)
6.1.3 Business Strategies
Table 30: Baker Hughes Research & Development Expenditure (2015-2017)
6.2 Schlumberger N.V.
6.2.1 Business Overview
Table 31: Schlumberger Revenue by Segments (2017)
6.2.2 Financial Overview
Table 32: Schlumberger Revenue and Net Income (2013-2017)
6.2.3 Business Strategies
6.3 Weatherford International
6.3.1 Business Overview
Table 33: Weatherford International Revenue Share by Business Segments (2017)
6.3.2 Financial Overview
Table 34: Weatherford International Revenue and Net Loss (2013-2017)
6.3.3 Business Strategies
Table 35: Weatherford International Research & Development Expenditure (2015-2017)
6.4 Dover Corporation (Apergy)
6.4.1 Business Overview
Table 36: Dover Corporation Revenue by Segments (2017)
6.4.2 Financial Overview
Table 37: Dover Corporation Revenue and Net Income (2013-2017)
6.4.3 Business Strategies
Table 38: Dover Corporation Research & Development Expenditure (2015-2017)

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