Global Artificial Lift System Market Research Report - Insights, Opportunity Analysis & Forecasts to 2023 - Research and Markets

DUBLIN--()--The "Global Artificial Lift System Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.

The global artificial lift system market is expected to rise at a CAGR 4.91 % during the forecast period 2016-2023.

Artificial lift systems are being extensively used by industrial sector and commercial sector due to its advantages. Some of them includes simple system design, analyzable, can be deployed in offshore platforms etc. The increasing demand of energy across the world, increasing heavy oil production, increasing shale gas production, improving production efficiencies is driving the global artificial lift system market.

North America is the largest market region for global artificial lift system market and had accounted for largest market revenue share in 2016. The key factor driving the growth in North America is the ongoing advancements in the fields of shale gas recovery and availability of low pressure oil production wells in the North America. Furthermore, the United States is expected to witness massive growth in the consumption of unconventional resources such as tight oil, shale oil, etc. which would lead to the increased demand for artificial lifts system in North America.

However, Asia Pacific is expected to emerge as the fastest growing market region with a CAGR of 6% during the forecast period. This is due to the increasing number of commercial activities in APAC region along with increased expenditure on infrastructure development, which is expected to result in an increased demand for petroleum products, thereby driving the market growth in APAC.

Companies Mentioned

  • Baker Hughes Inc. (U.S.)
  • Borets Company Llc (Russia)
  • Dover Corporation (U.S.)
  • Flotek Industries (U.S)
  • Ge Oil And Gas (U.K.)
  • Halliburton (U.S.)
  • J&J Technical Services (U.S.)
  • John Crane Group (U.S.)
  • National Oil Varco, Inc. (U.S.)
  • Novomet (Russia)
  • Schlumberger Nv(U.S.)
  • Superior Energy Services (U.S.)
  • Tenaris Sa (Luxembourg.)
  • Torqueflow-Sydex Ltd (U.K.)
  • Weatherford Plc (U.S)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/7cqbt5/global_artificial

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Related Topics: Oilfield Equipment and Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oilfield Equipment and Services