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Artificial Lift Market worth 9.69 Billion USD by 2021 (1)

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The global artificial lift market is estimated to be USD 7.62 billion in 2016, and is expected to grow at a CAGR of 4.91% from 2016 to 2021. Increasing heavy oil production and shale gas production are major factors driving the artificial lift market. The years considered for the study are as follows: – PowerPoint PPT presentation

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Title: Artificial Lift Market worth 9.69 Billion USD by 2021 (1)


1
Artificial Lift Market by Type ,Application,
Mechanism and Region - Global Forecast to 2021
www.MarketsandMarkets.com
2
Artificial Lift Market by Type (Electrical
Submersible Pumps, Rod Lift, Progressive Cavity
Pumps, Gas Lift, and Others), Mechanism (Pump
Assisted and Gas Assisted), Application (Onshore
and Offshore), and Region - Global Forecasts to
2021. The global artificial lift market is
estimated to be USD 7.62 billion in 2016, and is
expected to grow at a CAGR of 4.91 from 2016 to
2021. Increasing heavy oil production and shale
gas production are major factors driving the
artificial lift market. The artificial lift
market is segmented based on type into electrical
submersible pumps, rod lift, progressive cavity
pumps, gas lift, and others. Others include
hydraulic pumping systems and plunger lift. The
electrical submersible pumps sub-segment
accounted for the largest market share in 2015
and is expected to grow at the highest CAGR
during the forecast period. PDF Brochure
http//www.marketsandmarkets.com/pdfdownload.asp?
id879

3
Artificial Lift gain maximum traction during the
forecast period This research study involved the
use of extensive secondary sources, directories,
and databases such as Hoovers, Bloomberg
Businessweek, Factiva, and OneSource to identify
and collect information useful for a technical,
market-oriented, and commercial study of the
global artificial lift market. Primary sources
are mainly industry experts from core and related
industries, preferred suppliers, manufacturers,
distributors, service providers, technology
developers, standard and certification
organizations of companies, and organizations
related to all the segments of this industrys
value chain. Request for Customization
http//www.marketsandmarkets.com/requestCustomiz
ation.asp?id879
4
Browse gtgt 68 market data
tables 53 figures
137 pages and in-depth TOC on
Artificial Lift - Global Forecast to
2021 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
5
Artificial Lift to grow at the highest rate
during the forecast period In this report, the
artificial lift market has been analyzed with
respect to five regions, namely, North America,
Europe, Asia-Pacific, South Central America,
and the Middle East Africa. North America is
expected to dominate the global artificial lift
market during the forecast period, owing to the
increasing use of artificial lift systems for
shale gas production. The Middle East Africa
market is projected to grow at the highest CAGR
from 2016 to 2021 due to the presence of natural
gas reserves and mature fields. Nigeria, Angola,
Oman, and Kuwait are expected to drive the
artificial lift market in the Middle East
Africa region. Request Sample _at_
http//www.marketsandmarkets.com/requestsample.as
p?id879
6
  • Target Audience
  • Artificial lift equipment manufacturers
  • Oilfield service companies
  • Private EP companies
  • National Oil Companies (NOCs)
  • Government and research organizations
  • National and local government organizations
  • Institutional investors
  • Drilling contractors and production planning
    consultancies
  • Associations ( American Petroleum Institute and
    Canadian Association of Petroleum Producers among
    others)
  • Speak to analyst _at_ http//www.marketsandmarkets.co
    m/speaktoanalyst.asp?id879

7
Key players The key players in the artificial
lift market include Schlumberger Limited (U.S.),
Weatherford International plc (Switzerland),
Baker Hughes Incorporated (U.S.), General
Electric Company (U.S.), and Halliburton Company
(U.S.). Contracts agreements was the strategy
most commonly adopted by top players in the
market from 2012 to 2016.
8
ContactMr. Rohan MarketsandMarkets INC.701
Pike Street Suite 2175, Seattle, WA 98101,
United States USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com
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