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Global Artificial Lift Systems Market Outlook :

Industry Insights & Opportunity Evaluation,

2015-2021

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Global Artificial Lift Systems Market Overview

Artificial lift systems used in oil and gas tanks is an

artificial way used to increase the flow of fluids or

production. It assists in increasing the pressure in the oil

wells which helps to increase the flows of oil easily on to

the surface.

In 2015, the global artificial lift system market was valued

at USD 11,539.2 Million and projected to reach USD 27.9

Billion by 2021, registering a compound annual growth

rate (CAGR) of 11.2% during 2015-2021.

Market Segmentation

By Mechanism

On the basis of mechanism, the global artificial lift system

market can be divided into:

Positive Displacement

Dynamic Displacement

Gas assisted

By Types

On the basis of types, the global artificial lift system

market is segmented as follows:

Rod Lift

Electrical Submersible Pump (ESP)

Progressive Cavity Pump (PCP)

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Gas Lift

Others

By Components

On the basis of components, the global artificial lift system

market is segmented as follows:

Pump

Motor

Separator

Cable

Pump Jack

Sucker Rod

Rod Pump For ESPs and PCPs

Rod Lift System

By Region

On the basis of region, the global artificial lift system

market is segmented as follows:

North America

Latin America

Western And Eastern Europe

Asia-Pacific

Middle East and Africa (MEA)

Row (Rest Of World)

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Growth Drivers and challenges

Expansion in the oil and gas industry, multiphase gas-

handling pumps, advanced technologies like web-based

monitoring services and multiphase gas-handling pumps

are the main driver for the global artificial lift system

market.

Global artificial lift systems market is totally dependent

upon the oil and gas sector. In recent time, international

crude oil prices plunged to USD 38 per barrel and created

worried situation for the oil producing countries and the

overall market. Further, lacking expertise, complicated

operations and huge investment are main restrains for the

global artificial lift system market.

In addition to this, limited resources availability forces to

put more efforts to extract the oil and gas from existing

wells; shortage of skilled labor force with sound knowledge

of understanding the quantity of fluid and bottom hole

pressure are the major challenges faced by the artificial lift

system market.

Market Size and Forecast

In 2014, North America gained the major portion about

72% of the global artificial lift market; North America

market was valued at USD 5.68 billion in 2014. On the

back of rise in discovery and exploration of shale gas

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activities Canada and the U.S. are expected to gain top

position in the North America region.

With 9.8% CARG, Asia-Pacific is expected to witness

enormous gains over the period of 2015 to 2021. Factors

like increased commercial activities, expanded budget

allocation on infrastructure development would lead to

surged demand for petroleum products which would act as

the growth driver for the artificial lift system in the region

over the forecasted years.

Key Players

The key players of the global artificial lift system market

are as follows:

Baker Hughes Incorporated

Cameron International Corporation

Flotek Industries, Inc

Halliburton Company

J&J Technical Services, LLC

Dover Corporation

General Electric Company

John Crane Group

Kudu Industries, Inc

Borets Company LLC

Scope and Context

Overview of the Parent Market

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Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Middle East and North Africa (MENA)

Rest of World

Segmentation

By Mechanism

By Types

By Components

By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

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Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment

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