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Published: Dec, 2015 | Pages:
75 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)
The global artificial lift systems market is expected to reach USD 29.61 billion by 2022, according to a new study by Grand View Research, Inc. The market is poised for steady growth owing to surge in technological advancements and innovations in order to provide efficient solutions. Recent developments reduce lifting costs through system components, which resists hostile environment, improve reliability, and optimize power usage. Industry players invest heavily in R&D to provide systems that can be easily used in harsh environmental conditions such as high temperature well and ultra low volume wells. Saudi Arabia significantly pursues oil & natural gas drilling programs due to increasing domestic energy consumption. Due to increasing industrialization and construction activities in India, demand for fuel is rising at a faster pace, which is expected to drive artificial lift systems industry growth over the forecast period. African countries continue to drive oil & gas production, thereby increasing drilling activities. Further key findings from the study suggest: Electrical submersible pumps segment captured over 50% of the overall revenue generated in 2014. However, the segment may lose share over the foreseeable future owing to rise in adoption of rod lifts. Rod lifts segment is estimated to witness rapid growth over the forecast period. In 2014, the segment accounted for over 20% of the overall market share and it is increasingly used method for vertical wells, particularly in the U.S. High demand for hydraulic fracturing and horizontal drilling systems is expected to fuel over the next few years. Hydraulic fracturing activities have led to increased supply of oil & natural gas, especially in North America. Companies, thereby develop products to serve the hydraulic fracturing segment. In 2014, North America artificial lift systems market captured a sizeable share in terms of revenue. This may be attributed to rise in oil and water drilling activities. Further, prevalence of several oil rigs may also positively impact regional demand over the forecast period. On account of high demand for kerosene in local markets, Asia Pacific is estimated to witness rapid growth over the next seven years. The region accounted for over 20% of the overall revenue generated in 2014. The industry is consolidated in nature with the presence of few big players including Halliburton, Baker Hughes Incorporated, Cameron International Corporation, Dover Corporation, and GE Energy. Companies focus on expanding their global footprint through strategic alliances and collaborations. Expansion strategies primarily include provision of improved after-sales services, opening of new facilities, and expanding manufacturing capacity.
Table of Content
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Artificial lift systems - Industry snapshot and key buying criteria, 2012 to 2022
Chapter 3. Artificial Lift Systems Industry Outlook
3.1. Artificial lift systems market segmentation
3.2. Artificial lift systems market size and growth prospects
3.3. Artificial lift systems - Value chain analysis
3.4. Artificial lift systems market dynamics
3.4.1. Market driver analysis
3.4.1.1. Rise in oil & gas production
3.4.1.2. High demand for energy
3.4.2. Market restraint analysis
3.4.2.1. High cost of investment
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Key company analysis, 2014
3.8. Artificial lift systems market PESTEL analysis, 2014
Chapter 4. Artificial Lift Systems Product Outlook
4.1. Rod lifts
4.1.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
4.2. Electrical Submersible Pumps (ESP)
4.2.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
4.3. Rod lifts
4.3.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
4.4. Progressive Cavity Pumps
4.4.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
4.5. Gas lifts
4.5.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
4.6. Hydraulic Pumps
4.6.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
4.7. Others
4.7.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
Chapter 5. Artificial Lift Systems Regional Outlook
5.1. North America
5.1.1. Market estimates and forecasts, by product, (USD Million), 2012 - 2022
5.2. Europe
5.2.1. Market estimates and forecasts, by product, (USD Million), 2012 - 2022
5.3. Asia Pacific
5.3.1. Market estimates and forecasts, by product, (USD Million), 2012 - 2022
5.4. RoW
5.4.1. Market estimates and forecasts, by product, (USD Million), 2012 - 2022
Chapter 6. Competitive Landscape
6.1. Baker Hughes Incorporated
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Strategic Initiatives
6.2. Cameron International Corporation
6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Strategic Initiatives
6.3. Dover Corporation
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives
6.4. GE Energy
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Strategic Initiatives
6.5. Halliburton
6.5.1 Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Strategic Initiatives
6.6. J&J Technical Services, LLC
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Strategic Initiatives
6.7. National Oil Varco Inc
6.7.1. Company Overview
6.7.2. Financial Performance
6.7.3. Product Benchmarking
6.7.4. Strategic Initiatives
6.8. Schlumberger Limited
6.8.1. Company Overview
6.8.2. Financial Performance
6.8.3. Product Benchmarking
6.8.4. Strategic Initiatives
6.9. Tenaris S.A.
6.9.1. Company Overview
6.9.2. Financial Performance
6.9.3. Product Benchmarking
6.9.4. Strategic Initiatives
6.10. Weatherford International Ltd.
6.10.1. Company Overview
6.10.2. Financial Performance
6.10.3. Product Benchmarking
6.10.4. Strategic Initiatives
List of Tables TABLE 1 Artificial lift systems - Industry snapshot & key buying criteria, 2012 - 2022 TABLE 2 Global artificial lift systems market 2012 - 2022 (USD Million) TABLE 3 Artificial lift systems by region 2012 - 2022 (USD Million) TABLE 4 Artificial lift systems market by product 2012 - 2022 (USD Million) TABLE 5 Artificial lift systems - Key market driver impact TABLE 6 Artificial lift systems - Key market restraint impact TABLE 7 Electrical submersible pump market 2012 - 2022 (USD Million) TABLE 8 Electrical submersible pump market by region 2012 - 2022 (USD Million) TABLE 9 Progressive cavity pumps market 2012 - 2022 (USD Million) TABLE 10 Progressive cavity pumps market by region 2012 - 2022 (USD Million) TABLE 11 Rod lift 2012 - 2022 (USD Million) TABLE 12 Rod lift market by region 2012 - 2022 (USD Million) TABLE 13 Gas lift market 2012 - 2022 (USD Million) TABLE 14 Gas lift market by region 2012 - 2022 (USD Million) TABLE 15 Hydraulic pump market 2012 - 2022 (USD Million) TABLE 16 Hydraulic pump market by region 2012 - 2022 (USD Million) TABLE 17 Other artificial lift systems market 2012 - 2022 (USD Million) TABLE 18 Other artificial lift systems market by region 2012 - 2022 (USD Million) TABLE 19 North America market by product 2012 - 2022 (USD Million) TABLE 20 Europe market by product 2012 - 2022 (USD Million) TABLE 21 Asia Pacific market by product 2012 - 2022 (USD Million) TABLE 22 RoW market by product 2012 - 2022 (USD Million)
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