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(IT-NEWSWIRE.COM, June 07, 2018 ) Artificial Lift Market size will grow from USD 8.03 Billion in 2017 to USD 10.74 Billion by 2023, at an estimated CAGR of 4.97%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
This growth is attributed to increasing oil & gas production from unconventional resources such as shale gas, heavy oil, and tight oil. The report segments the artificial lift market on the basis of mechanism into pump assisted and gas assisted. The pump assisted segment is projected to dominate 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 2017 and is expected to grow at the highest CAGR during the forecast period. These pumps are being increasingly adopted due to their sustained performance and high operating volume.
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By Market Players: Schlumberger Limited, Weatherford International PLC, Baker Hughes Incorporated, General Electric Company, Halliburton Company, National Oilwell Varco, Inc., Borets International Limited, Dover Corporation, Flotek Industries, Inc., J J Tech, John Crane Group
By Type: Electrical Submersible Pumps, Rod Lift, Progressive Cavity Pumps, Gas Lift, Others
By Mechanism: Pump Assisted, Gas Assisted
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report: The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
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The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements. The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Reasons to Purchase: To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape. Assess the production processes, major issues, and solutions to mitigate the development risk. To understand the most affecting driving and restraining forces in the market and its impact in the global market. Learn about the market strategies that are being adopted by leading respective organizations. To understand the future outlook and prospects for the market. Besides the standard structure reports, we also provide custom research according to specific requirements.
Table of Content: Chapter One: Industry Overview Chapter Two: Production Market Analysis Chapter Three: Sales Market Analysis Chapter Four: Consumption Market Analysis Chapter Five: Production, Sales and Consumption Market Comparison Analysis Chapter Six: Major Manufacturers Production and Sales Market Comparison Analysis Chapter Seven: Major Type Analysis Chapter Eight: Major Mechanism Analysis Chapter Nine: Industry Chain Analysis Chapter Ten: Global and Regional Market Forecast Chapter Eleven: Major Manufacturers Analysis Chapter Twelve: New Project Investment Feasibility Analysis Chapter Thirteen: Conclusions
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Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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