Title: PPT-Artificial Lift Systems Market: Global Market Insights, Inc.
1Artificial Lift Systems Market 2016 2023
2Global Market Scenario of Artificial Lift Systems
- Artificial lift systems market size was USD
15.94 billion in 2015 and is likely to grow at
8.9 CAGR, to be valued at USD 31.88 billion by
2023. - Rapid industrialization and infrastructure
development have resulted in oil gas
consumption and offer growth opportunities to the
global artificial lift systems market. - Huge RD investments to offer solutions for
handling high temperature wells, harsh
environments, and ultra-low volume wells, will
improve system lifecycle, maximize production,
and lower system costs. - Incorporating innovative technology in artificial
lifts to comply with stringent government
emission regulations is anticipated to be a key
strategy adopted by companies for future
sustainability. -
- https//www.gminsights.com/industry-analysis/artif
icial-lift-systems-market
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- Web monitoring and multiphase pumps are among
emerging technologies anticipated to augment
global artificial lift systems market size. - In order to minimize oil dependency on imports,
oil gas production has significantly increased
in the U.S., offering huge opportunities for
artificial lift systems industry. Further,
growing investment into domestic production and
falling cost of drill shale gas wells have led to
increased production of shale gas in China. - High capital cost and maintenance requirements
add to the operational cost, thereby which is
forecast to adversely impact the global industry.
The operational expenditure may also increase on
account of system failure caused by the lack or
unavailability of skilled personnel. - Get more detail _at_ https//www.gminsights.com/indus
try-analysis/artificial-lift-systems-market
4Europe artificial lift systems market size, by
product, 2012 - 2023 (USD Billion)
https//www.gminsights.com/industry-analysis/artif
icial-lift-systems-market
5360 Analysis
- Application Analysis
- Electrical submersible pumps market occupied over
50 of the total revenue in 2015. It has an
electric cable that runs downhole to power lift
motor which offers the ability to retrieve data,
transmit signals and proactively examine
problems, and uses centrifugal force to lift
hydrocarbons to the surface. -
- Regional Analysis
- High demand and consumption of oil gas in
countries such as India, China, and Japan is
estimated to drive the Asia Pacific artificial
lift market at 9.1 CAGR from 2016 to 2023. - North America is analyzed to continue leading
global industry size in the coming years, with
over 38 of the revenue. This can be credited to
rising shale gas production in the region. -
- Competitive Market Share
- Major companies dominating global artificial lift
systems market share are Schlumberger, General
Electric, Baker Hughes, Cameron International,
Halliburton, Weatherford International, etc.
6 Latest Research Report On Artificial Lift Systems
Market _at_ https//www.gminsights.com/industry-analy
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