Artificial Lift Market Global Forecast To 2021- Overview and SWOT Analysis

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Artificial Lift Market categorizes the Global
Market by Mechanism (Positive Displacement,
Dynamic Displacement Gas Assisted) Types (Rod
Lift, ESP, PCP, Gas Lift)
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"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 artificial lift market is expected to
grow from an estimated USD 7.62 Billion in 2016
to USD 9.69 Billion by 2021, at a CAGR of 4.91.
The global market is set to witness significant
growth, due to the increasing production of heavy
oil and shale gas. Increasing shale gas
production is due to huge shale gas reserves in
the Americas and the Asia-Pacific. PDF
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The onshore segment is expected to hold the
largest share of the artificial lift market, by
application, during the forecast period The
onshore segment led the artificial lift market in
2015 and is expected to grow at the fastest rate
during the forecast period, owing to the
increasing demand for artificial lift systems
across the globe. This segment is primarily
driven by rising production from unconventional
sources, and is expected to create new revenue
pockets for the artificial lift market during the
forecast period. Request for Customization
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Pump assisted to be the largest segment in the
artificial lift market With regard to the
mechanism segment, pump assisted artificial lift
mechanisms are expected to be the largest market
in 2016. The pumps are used to increase bottom
hole pressure of the tubing string in order to
lift a sufficient amount of fluid to the surface.
The pump assisted mechanism is categorized into
positive displacement and dynamic displacement
segments. The dynamic displacement segment is the
fastest growing segment within the pump assisted
artificial lift market. Request for
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North America The leading market for artificial
lift 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, given the
increasing shale gas production in U.S. and large
number of mature oil fields in the region. To
enable an in-depth understanding of the
competitive landscape, the report includes
profiles of some of the top players in the
artificial lift market. These players include
Schlumberger Limited (U.S.), Weatherford
International plc (Switzerland), Baker Hughes
Incorporated (U.S.), General Electric Company
(U.S.), and Halliburton Company (U.S.).
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