Artificial Lift Systems Market Projected to Reach $13.7 Billion by 2018

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MarketsandMarkets Presents
Artificial Lift Systems Market Projected to Reach
13.7 Billion by 2018
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tificial-lift-systems-market-1263.html
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The report Artificial Lift Systems Market, by
Types (ESP, PCP, Rod Lift), by Component (Pump,
Motor, Separator, Cable, Pump Jack, Sucker Rod),
by Countries (U.S., Canada, Russia, China,
Venezuela) - Trends Forecast to 2018, define
and segment the Artificial Lift Systems Market
with analysis and projection of the market
revenue. Browse gtgt 3 Data
Tables 48 Figures 137 slides and
in-depth TOC on Artificial Lift Systems Market
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The Electric submersible pump system market of
Russia, rod lift market of U.S. and progressive
cavity pump market of Canada are the biggest
artificial lift systems market for these lift
markets respectively and pump replacement in
these markets is the biggest revenue producer for
ESPs, PCPs, Rod lift component replacement
market. Venezuela and China have the potential
for artificial lift its component markets.
Venezuelas progressive cavity pump market is the
third biggest and fastest growing market within
PCP system of top five consuming
countries.   Electric Submersible Pump - Biggest
Component Market of Artificial Lift   Electric
submersible pump market is anticipated to be a
leader within artificial lift market with respect
to the market revenue. Russia and U.S. have the
biggest installed base of ESP systems and
component replacement market represent these
countries as the biggest revenue pocket for ESP
pump manufacturers. ESP pump market collectively
in these two countries is estimated to grow at a
CAGR of about 10.5 from 2013 to 2018.
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U.S. - Largest Replacement Demand of Sucker Rods
from the Installed Base of Rod Lift   U.S. rod
lift market, being the biggest market world-over,
accounted for about 50.8 of the global rod lift
market in 2012 and is estimated to grow at a CAGR
of 6.7 for the period of 2013 and 2018. U.S. is
witnessing high growth in unconventional oil
production such as shale oil, tight oil, and
growing marginal well count, which support future
demand for rod lifts and its components. The
growth in rod lift installed base provides
sustainability to sucker rod industry and with
the biggest installed base, U.S. rod lift sucker
rod market is expected to show the growth rate of
8.0 for the same period.   Increasing deep
ultra-deep offshore and heavy oil production,
enhanced production requirements in mature
fields, growing activities of subsea operations,
coal bed methane production, and mounting
installed base of artificial lifts drive the
artificial lift component market. Redevelopment
of the old marginal fields and booming subsea
operations promise future growth to artificial
lift components manufacturers.
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