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Artificial Lift Market:Executive Summary
Global Artificial Lift Market to reach USD 13.56 billion by 2025.
Global Artificial Lift Market valued approximately USD 8.9 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.40% over the forecast period 2018-2025. Increasing demand of energy across the world, improving production efficiency at the mature fields and increasing deep & ultra-deep offshore oil production are the major driving factors of the artificial lift market. The major restraining factor that negatively impact the artificial lift market are lack of skilled workers and high costs of artificial lift equipment. Artificial lift refers to the use of artificial means to increase the flow of liquids, such as crude oil or water, from a production well. Generally this is achieved by the use of a mechanical device inside the well (known as pump or velocity string) or by decreasing the weight of the hydrostatic column by injecting gas into the liquid some distance down the well. The artificial lifts have applications in the oil and gas industry to increase the oil production from reservoirs. In 2015, the Global artificial lift system market generated revenue of $16,449 million, moreover, due to increase in demand of energy across the world in conjunction with the improving production efficiencies at mature fields, the market revenue is to reach $34,569 million through 2022.
The regional analysis of Global Artificial Lift Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share highest revenue generating region valued at $6092 million in 2015. Whereas, owing to the countries such as China, Japan, and India in Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 as well as leading largest revenue generating region by 2022. Ever rising population in the countries such as India and China are fueling the requirement of the oil and gas in this region along with increasing population.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Type:
Rod Lift
ESP
PCP
Plunger
Gas Lift
By Component:
Pump
Motor
Cable Systems
Drive Head
Separator
Pump Jack
Sucker Rod
Gas Lift Valves
Gas Lift Mandrels
Controller
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include General Electric Company, Man Diesel and Turbo SE, Ebara Corporations, Solar Turbine Inc., Ariel Corporations, Neuman and Asser Group, Hitachi Ltd., Burckhardt Compression Holding AG, Route Mobile Ltd., Infobip Ltd., Tyntec, Nexmo, DIMOCO and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Artificial Lift Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
1.3.1. Artificial Lift, by Type, 2015-2025 (USD Billion)
1.3.2. Artificial Lift, by Component, 2015-2025 (USD Billion)
1.3.3. Artificial Lift, by Region, 2015-2025 (USD Billion)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Artificial Lift Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Artificial Lift Dynamics
3.1. See Saw Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Artificial Lift Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Buyers
4.1.2. Bargaining Power of Suppliers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political Scenario
4.2.2. Economic Scenario
4.2.3. Social Scenario
4.2.4. Technological Scenario
4.3. Value Chain Analysis
4.3.1. Supplier
4.3.2. Manufacturers/Service Provider
4.3.3. Distributors
4.3.4. End-Users
4.4. Key Buying Criteria
4.5. Regulatory Framework
4.6. Cost Structure Analysis
4.6.1. Raw Material Cost Analysis
4.6.2. Manufacturing Cost Analysis
4.6.3. Labour Cost Analysis
4.7. Investment Vs Adoption Scenario
4.8. Analyst Recommendation & Conclusion
Chapter 5. Artificial Lift, by Type
Chapter 6. Artificial Lift, by Component
Chapter 7. Artificial Lift, by Regional Analysis
Chapter 8. Competitive Intelligence
8.1. Company Market Share (Subject to Data Availability)
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. General Electric Company
8.3.1.1. Overview
8.3.1.2. Financial (Subject to Data Availability)
8.3.1.3. Product Summary
8.3.1.4. Recent Developments
8.3.2. Man Diesel and Turbo SE
8.3.3. Ebara Corporations
8.3.4. Solar Turbine Inc.
8.3.5. Ariel Corporations
8.3.6. Neuman and Asser Group
8.3.7. Hitachi Ltd.
8.3.8. Burckhardt Compression Holding AG
8.3.9. Route Mobile Ltd.
8.3.10. Infobip Ltd.
8.3.11. Tyntec
8.3.12. Nexmo
8.3.13. DIMOCO
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
Continuous…
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