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The Global Artificial Lift market is expected to reach $11.33 billion by 2026 growing at a CAGR of 10.0% from 2018 to 2026. Artificial Lift is a method which is used on oil wells to increase pressure within the reservoir in order to increase flow of liquids such as crude oil or water. Some reservoirs do not flow naturally. So, the artificial lift methods are employed to lift the oil to the surface. These methods can be deployed on both mature and new wells to maximize and maintain production from well. The uses of artificial lift method include reduced boost life-of-well productivity, maintenance and risk, and increase ROI by balancing flow rates and lifting costs. The two main types of artificial lift methods are gas assisted and pump assisted. Pump assisted methods mostly include rod lift, PCP and ESP and gas assisted include plunger lift and gas lift. Factors such as raising investments in the upstream oil & gas sector, and heavy oil production are driving the market growth. Though, lack of skilled labor is restraining the market growth. Moreover, redevelopment of mature oilfields and new offshore oilfield discoveries are the opportunities for the Artificial Lift market. Based on application, the offshore segment is going to have a lucrative growth during the forecast period, due to the fact that offshore has huge untapped reserves. Artificial lift methods such as gas lift, ESP, PCP, and hydraulic pumping are most prominently used in offshore oil wells. The key vendors mentioned are AccessESP, Apergy, Borets International Limited, Camco, Dover Corporation, Flotek Industries, Inc, GE Oil & Gas, Halliburton, JJ Tech, John Crane Group, National Oilwell Varco, Inc, Novomet, Oilserv, Schlumberger and Weatherford. Types Covered: • Electrical Submersible Pump (ESP) • Gas Lift • Hydraulic Pumps • Plunger Lift • Progressive Cavity Pump (PCP) • Rod Lift Well Types Covered: • Horizontal • Vertical Mechanisms Covered: • Gas Assisted • Pump Assisted Components Covered: • Cable System • Controller • Drive Head • Gas-lift Mandrels • Gas-lift Valves • Motor • Pump • Pump Jack • Separator • Sucker Rod Applications Covered: • Offshore • Onshore Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2016 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analysed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Artificial Lift Market, By Type
5.1 Introduction
5.2 Electrical Submersible Pump (ESP)
5.3 Gas Lift
5.4 Hydraulic Pumps
5.5 Plunger Lift
5.6 Progressive Cavity Pump (PCP)
5.7 Rod Lift
6 Global Artificial Lift Market, By Well Type
6.1 Introduction
6.2 Horizontal
6.3 Vertical
7 Global Artificial Lift Market, By Mechanism
7.1 Introduction
7.2 Gas Assisted
7.3 Pump Assisted
8 Global Artificial Lift Market, By Component
8.1 Introduction
8.2 Cable System
8.3 Controller
8.4 Drive Head
8.5 Gas-lift Mandrels
8.6 Gas-lift Valves
8.7 Motor
8.8 Pump
8.9 Pump Jack
8.10 Separator
8.11 Sucker Rod
9 Global Artificial Lift Market, By Application
9.1 Introduction
9.2 Offshore
9.3 Onshore
10 Global Artificial Lift Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Strategic Benchmarking
12 Vendors Landscape
12.1 AccessESP
12.2 Apergy
12.3 Borets International Limited
12.4 Camco
12.5 Dover Corporation
12.6 Flotek Industries, Inc
12.7 GE Oil & Gas
12.8 Halliburton
12.9 JJ Tech
12.10 John Crane Group
12.11 National Oilwell Varco, Inc
12.12 Novomet
12.13 Oilserv
12.14 Schlumberger
12.15 Weatherford
List of Data Tables
Table 1 Global Artificial Lift Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Artificial Lift Market Outlook, By Type (2016-2026) ($MN)
Table 3 Global Artificial Lift Market Outlook, By Electrical Submersible Pump (ESP) (2016-2026) ($MN)
Table 4 Global Artificial Lift Market Outlook, By Gas Lift (2016-2026) ($MN)
Table 5 Global Artificial Lift Market Outlook, By Hydraulic Pumps (2016-2026) ($MN)
Table 6 Global Artificial Lift Market Outlook, By Plunger Lift (2016-2026) ($MN)
Table 7 Global Artificial Lift Market Outlook, By Progressive Cavity Pump (PCP) (2016-2026) ($MN)
Table 8 Global Artificial Lift Market Outlook, By Rod Lift (2016-2026) ($MN)
Table 9 Global Artificial Lift Market Outlook, By Well Type (2016-2026) ($MN)
Table 10 Global Artificial Lift Market Outlook, By Horizontal (2016-2026) ($MN)
Table 11 Global Artificial Lift Market Outlook, By Vertical (2016-2026) ($MN)
Table 12 Global Artificial Lift Market Outlook, By Mechanism (2016-2026) ($MN)
Table 13 Global Artificial Lift Market Outlook, By Gas Assisted (2016-2026) ($MN)
Table 14 Global Artificial Lift Market Outlook, By Pump Assisted (2016-2026) ($MN)
Table 15 Global Artificial Lift Market Outlook, By Component (2016-2026) ($MN)
Table 16 Global Artificial Lift Market Outlook, By Cable System (2016-2026) ($MN)
Table 17 Global Artificial Lift Market Outlook, By Controller (2016-2026) ($MN)
Table 18 Global Artificial Lift Market Outlook, By Drive Head (2016-2026) ($MN)
Table 19 Global Artificial Lift Market Outlook, By Gas-lift Mandrels (2016-2026) ($MN)
Table 20 Global Artificial Lift Market Outlook, By Gas-lift Valves (2016-2026) ($MN)
Table 21 Global Artificial Lift Market Outlook, By Motor (2016-2026) ($MN)
Table 22 Global Artificial Lift Market Outlook, By Pump (2016-2026) ($MN)
Table 23 Global Artificial Lift Market Outlook, By Pump Jack (2016-2026) ($MN)
Table 24 Global Artificial Lift Market Outlook, By Separator (2016-2026) ($MN)
Table 25 Global Artificial Lift Market Outlook, By Sucker Rod (2016-2026) ($MN)
Table 26 Global Artificial Lift Market Outlook, By Application (2016-2026) ($MN)
Table 27 Global Artificial Lift Market Outlook, By Offshore (2016-2026) ($MN)
Table 28 Global Artificial Lift Market Outlook, By Onshore (2016-2026) ($MN)
Table 29 North America Artificial Lift Market Outlook, By Type (2016-2026) ($MN)
Table 30 North America Artificial Lift Market Outlook, By Well Type (2016-2026) ($MN)
Table 31 North America Artificial Lift Market Outlook, By Mechanism (2016-2026) ($MN)
Table 32 North America Artificial Lift Market Outlook, By Component (2016-2026) ($MN)
Table 33 North America Artificial Lift Market Outlook, By Application (2016-2026) ($MN)
Table 34 Europe Artificial Lift Market Outlook, By Type (2016-2026) ($MN)
Table 35 Europe Artificial Lift Market Outlook, By Well Type (2016-2026) ($MN)
Table 36 Europe Artificial Lift Market Outlook, By Mechanism (2016-2026) ($MN)
Table 37 Europe Artificial Lift Market Outlook, By Component (2016-2026) ($MN)
Table 38 Europe Artificial Lift Market Outlook, By Application (2016-2026) ($MN)
Table 39 Asia Pacific Artificial Lift Market Outlook, By Type (2016-2026) ($MN)
Table 40 Asia Pacific Artificial Lift Market Outlook, By Well Type (2016-2026) ($MN)
Table 41 Asia Pacific Artificial Lift Market Outlook, By Mechanism (2016-2026) ($MN)
Table 42 Asia Pacific Artificial Lift Market Outlook, By Component (2016-2026) ($MN)
Table 43 Asia Pacific Artificial Lift Market Outlook, By Application (2016-2026) ($MN)
Table 44 South America Artificial Lift Market Outlook, By Type (2016-2026) ($MN)
Table 45 South America Artificial Lift Market Outlook, By Well Type (2016-2026) ($MN)
Table 46 South America Artificial Lift Market Outlook, By Mechanism (2016-2026) ($MN)
Table 47 South America Artificial Lift Market Outlook, By Component (2016-2026) ($MN)
Table 48 South America Artificial Lift Market Outlook, By Application (2016-2026) ($MN)
Table 49 Middle East & Africa Artificial Lift Market Outlook, By Type (2016-2026) ($MN)
Table 50 Middle East & Africa Artificial Lift Market Outlook, By Well Type (2016-2026) ($MN)
Table 51 Middle East & Africa Artificial Lift Market Outlook, By Mechanism (2016-2026) ($MN)
Table 52 Middle East & Africa Artificial Lift Market Outlook, By Component (2016-2026) ($MN)
Table 53 Middle East & Africa Artificial Lift Market Outlook, By Application (2016-2026) ($MN)