Artificial Lift Market by Well Type Application Type and Geography - Global Forecast up to 2026

Code: RW00014171560
Infoholic Research
May-2021
Electronics and Semiconductor
85 Pages

The Artificial Lift Market is projected to grow at the rate of 5.10% CAGR by 2026. Artificial lift is a technique used on oil and gas wells to surge up the production rate. Most of the oil and gas reservoirs that exist across the world are in the mature phase and have lost the natural ability to bring the oil and gas up on the surface so, the artificial lifts offer an increasing flow of the oil, such that oil can easily flow out of the well. Growing investments in research of subsea locations and rising trend towards unconventional reserves such as tight-gas sands and gas and oil shales will compel the market growth. Further, the rising trend of the extension and optimization of mature and deserted reservoirs among industries has provided a favorable business scenario for the market competitors. Furthermore, rapid growth in the consumption of crude oil and the constant technological advancements in this field will accelerate the product demand. On the contrary, the limited operational experts and growing deployment of renewable energy restrict the artificial lift market growth.
Artificial Lift Market based on Type
- ESP
- PCP
- Gas Lift
- Rod lift
- Others (hydraulic pumping systems and plunger lift)
Artificial Lift Market based on Mechanism
- Pump Assisted
o Positive Displacement
o Dynamic Displacement
- Gas-Assisted
Artificial Lift Market on the basis of Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
As per the market based on type, the market is categorized into ESP, PCP, Gas Lift, Rod lift, others. The rod lift segment is expected to have a lucrative share in the market, as rod lifts possess great salvage value for downhole equipment and can manage gas and corroding effectively during the artificial lift. These benefits of rod lift, beam lift, or sucker lift type are anticipated to fuel artificial lift demand in the forthcoming years. Thus, the increasing requirement of avoiding gas and corrosion management while artificial lift operations drive the rod lift segment.
Further, the mechanism of the artificial lift is bifurcated into pump-assisted and gas-assisted. The pump-assisted segment is predicted to grow at the highest rate and is further segmented into positive displacement and dynamic displacement. This is due to the growing deployment of ESPs and rod lift pumps. The pumps are employed to raise the tubing string's downhole pressure to bring up an adequate volume of fluid to the surface. Artificial lift methods combined with pump-assisted mechanism have an operating depth ranging from 100 ft TVD to 17,000 ft TVD and average working volume ranging from 5 BPD to 30,000 BPD. This escalating demand for the pump-assisted mechanism is driven due to the multi-phase hydraulic fracturing in horizontal holes.
According to the regional market analysis of the artificial lift market, the North America region has registered the market's maximum share. The maximum share is due to less-pressure oil wells in most countries in the region, resulting in high demand and high deployment of artificial lift methods in North America.
In the current automation world, artificial lifts are broadly employed among end-users to augment production and obtain utmost margins from the resources. All the oil and gas reservoirs worldwide need artificial lifts to fuel the production rate at high efficiency. Drastic industrialization coupled with increasing demand for energy worldwide is spurring the artificial lift market's growth. The requirement to match the increasing demand has prominently contributed to the high employment of renewable energy resources.
This report provides the profiles of the major competitors of the artificial lift market Burckhardt Compression Holding AG, Mitsubishi Heavy Industries Compressor Corporation, Atlas Copco Energas GmbH, General Electric Company, Man Diesel & Turbo SE, Ebara Corporation, Ariel Corporation, Solar Turbine Inc., Neuman & Esser Group and Hitachi, Ltd.
Therefore, the artificial lift method effectively extracts oil and gas by various mechanisms and technology, particularly in mature oil and gas wells. Since the oil demand is escalating around the world for energy, the artificial lift has a prominent role.
- This report represents an exclusive analysis of the market consisting of various regions, which allow shareholders to prepare plans as per the region.
- This report entails insights into the factors which accelerate and hampers the growth of the market.
- The thorough analysis of described regions provides insights that are expected to enable vendors to organize their business moves strategically
- Key market competitors are profiled in terms of their strategies in this report, which helps obtain a perception of the market's competitive outlook.

Same as Description

Table of Contents
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Type: Market Size & Analysis
5.1. Overview
5.2. ESP
5.3. PCP
5.4. Gas Lift
5.5. Rod lift
5.6. Others
6. Mechanism: Market Size & Analysis
6.1. Overview
6.2. Pump Assisted
6.2.1. Positive Displacement
6.2.2. Dynamic Displacement
6.3. Gas-Assisted
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
9.1. Burckhardt Compression Holding AG
9.1.1. Overview
9.1.2. Financial Overview
9.1.3. Product Offerings
9.1.4. Developments
9.1.5. Business Strategy
9.2. Mitsubishi Heavy Industries Compressor Corporation
9.2.1. Overview
9.2.2. Financial Overview
9.2.3. Product Offerings
9.2.4. Developments
9.2.5. Business Strategy
9.3. Atlas Copco Energas GmbH
9.3.1. Overview
9.3.2. Financial Overview
9.3.3. Product Offerings
9.3.4. Developments
9.3.5. Business Strategy
9.4. General Electric Company
9.4.1. Overview
9.4.2. Business Units
9.4.3. Geographic Revenue
9.4.4. Product Offerings
9.4.5. Developments
9.4.6. SWOT Analysis
9.4.7. Business Strategy
9.5. Man Diesel & Turbo SE
9.5.1. Overview
9.5.2. Financial Overview
9.5.3. Product Offerings
9.5.4. Developments
9.5.5. Business Strategy
9.6. Ebara Corporation
9.6.1. Overview
9.6.2. Financial Overview
9.6.3. Product Offerings
9.6.4. Developments
9.6.5. Business Strategy
9.7. Ariel Corporation
9.7.1. Overview
9.7.2. Financial Overview
9.7.3. Product Offerings
9.7.4. Developments
9.7.5. Business Strategy
9.8. Solar Turbine Inc.
9.8.1. Overview
9.8.2. Financial Overview
9.8.3. Product Offerings
9.8.4. Developments
9.8.5. Business Strategy
9.9. Neuman & Esser Group
9.9.1. Overview
9.9.2. Financial Overview
9.9.3. Product Offerings
9.9.4. Developments
9.9.5. Business Strategy
9.10. Hitachi, Ltd.
9.10.1. Overview
9.10.2. Financial Overview
9.10.3. Product Offerings
9.10.4. Developments
9.10.5. Business Strategy
10. Analyst Opinion
11. Annexure
11.1. Report Scope
11.2. Market Definitions
11.3. Research Methodology
11.3.1. Data Collation and In-house Estimation
11.3.2. Market Triangulation
11.3.3. Forecasting
11.4. Report Assumptions
11.5. Declarations
11.6. Stakeholders
11.7. Abbreviations

Tables
TABLE 1. GLOBAL ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 2. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR ESP, BY GEOGRAPHY, 2020-2026 (USD BILLION)
TABLE 3. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR PCP, BY GEOGRAPHY, 2020-2026 (USD BILLION)
TABLE 4. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR GAS LIFT, BY GEOGRAPHY, 2020-2026 (USD BILLION)
TABLE 5. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR ROD LIFT, BY GEOGRAPHY, 2020-2026 (USD BILLION)
TABLE 6. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2020-2026 (USD BILLION)
TABLE 7. GLOBAL ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 8. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR PUMP ASSISTED, 2020-2026 (USD BILLION)
TABLE 9. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR POSITIVE DISPLACEMENT, BY TYPE, 2020-2026 (USD BILLION)
TABLE 10. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR DYNAMIC DISPLACEMENT, BY TYPE, 2020-2026 (USD BILLION)
TABLE 11. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR GAS-ASSISTED, BY GEOGRAPHY, 2020-2026 (USD BILLION)
TABLE 12. NORTH AMERICA ARTIFICIAL LIFT MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)
TABLE 13. NORTH AMERICA ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 14. NORTH AMERICA ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 15. U.S ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 16. U.S ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 17. CANADA ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 18. CANADA ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 19. EUROPE ARTIFICIAL LIFT MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)
TABLE 20. EUROPE ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 21. EUROPE ARTIFICIAL LIFT MARKET VALUE, MECHANISM, 2020-2026 (USD BILLION)
TABLE 22. GERMANY ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 23. GERMANY ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 24. U.K ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 25. U.K ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 26. FRANCE ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 27. FRANCE ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 28. ITALY ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 29. ITALY ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 30. SPAIN ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 31. SPAIN ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 32. ROE ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 33. ROE ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 34. ASIA PACIFIC ARTIFICIAL LIFT MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)
TABLE 35. ASIA PACIFIC ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 36. ASIA PACIFIC ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 37. CHINA ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 38. CHINA ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 39. INDIA ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 40. INDIA ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 41. JAPAN ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 42. JAPAN ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 43. REST OF APAC ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 44. REST OF APAC ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 45. REST OF WORLD ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
TABLE 46. REST OF WORLD ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
TABLE 47. BURCKHARDT COMPRESSION HOLDING AG: FINANCIALS
TABLE 48. BURCKHARDT COMPRESSION HOLDING AG: PRODUCTS & SERVICES
TABLE 49. BURCKHARDT COMPRESSION HOLDING AG: RECENT DEVELOPMENTS
TABLE 50. MITSUBISHI HEAVY INDUSTRIES COMPRESSOR CORPORATION: FINANCIALS
TABLE 51. MITSUBISHI HEAVY INDUSTRIES COMPRESSOR CORPORATION: PRODUCTS & SERVICES
TABLE 52. MITSUBISHI HEAVY INDUSTRIES COMPRESSOR CORPORATION: RECENT DEVELOPMENTS
TABLE 53. ATLAS COPCO ENERGAS GMBH: FINANCIALS
TABLE 54. ATLAS COPCO ENERGAS GMBH: PRODUCTS & SERVICES
TABLE 55. ATLAS COPCO ENERGAS GMBH: RECENT DEVELOPMENTS
TABLE 56. GENERAL ELECTRIC COMPANY: FINANCIALS
TABLE 57. GENERAL ELECTRIC COMPANY: PRODUCTS & SERVICES
TABLE 58. GENERAL ELECTRIC COMPANY: RECENT DEVELOPMENTS
TABLE 59. MAN DIESEL & TURBO SE: FINANCIALS
TABLE 60. MAN DIESEL & TURBO SE: PRODUCTS & SERVICES
TABLE 61. MAN DIESEL & TURBO SE: RECENT DEVELOPMENTS
TABLE 62. EBARA CORPORATION: FINANCIALS
TABLE 63. EBARA CORPORATION: PRODUCTS & SERVICES
TABLE 64. EBARA CORPORATION: RECENT DEVELOPMENTS
TABLE 65. ARIEL CORPORATION: FINANCIALS
TABLE 66. ARIEL CORPORATION: PRODUCTS & SERVICES
TABLE 67. ARIEL CORPORATION: RECENT DEVELOPMENTS
TABLE 68. SOLAR TURBINE INC: FINANCIALS
TABLE 69. SOLAR TURBINE INC: PRODUCTS & SERVICES
TABLE 70. SOLAR TURBINE INC: RECENT DEVELOPMENTS
TABLE 71. NEUMAN & ESSER GROUP: FINANCIALS
TABLE 72. NEUMAN & ESSER GROUP: PRODUCTS & SERVICES
TABLE 73. NEUMAN & ESSER GROUP: RECENT DEVELOPMENTS
TABLE 74. HITACHI, LTD: FINANCIALS
TABLE 75. HITACHI, LTD: PRODUCTS & SERVICES
TABLE 76. HITACHI, LTD: RECENT DEVELOPMENTS

Charts
CHART. 1. GLOBAL ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 2. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR ESP, BY GEOGRAPHY, 2020-2026 (USD BILLION)
CHART. 3. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR PCP, BY GEOGRAPHY, 2020-2026 (USD BILLION)
CHART. 4. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR GAS LIFT, BY GEOGRAPHY, 2020-2026 (USD BILLION)
CHART. 5. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR ROD LIFT, BY GEOGRAPHY, 2020-2026 (USD BILLION)
CHART. 6. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2020-2026 (USD BILLION)
CHART. 7. GLOBAL ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 8. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR PUMP ASSISTED, 2020-2026 (USD BILLION)
CHART. 9. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR POSITIVE DISPLACEMENT, BY TYPE, 2020-2026 (USD BILLION)
CHART. 10. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR DYNAMIC DISPLACEMENT, BY TYPE, 2020-2026 (USD BILLION)
CHART. 11. GLOBAL ARTIFICIAL LIFT MARKET VALUE FOR GAS-ASSISTED, BY GEOGRAPHY, 2020-2026 (USD BILLION)
CHART. 12. NORTH AMERICA ARTIFICIAL LIFT MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)
CHART. 13. NORTH AMERICA ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 14. NORTH AMERICA ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 15. U.S ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 16. U.S ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 17. CANADA ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 18. CANADA ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 19. EUROPE ARTIFICIAL LIFT MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)
CHART. 20. EUROPE ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 21. EUROPE ARTIFICIAL LIFT MARKET VALUE, MECHANISM, 2020-2026 (USD BILLION)
CHART. 22. GERMANY ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 23. GERMANY ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 24. U.K ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 25. U.K ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 26. FRANCE ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 27. FRANCE ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 28. ITALY ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 29. ITALY ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 30. SPAIN ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 31. SPAIN ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 32. ROE ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 33. ROE ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 34. ASIA PACIFIC ARTIFICIAL LIFT MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)
CHART. 35. ASIA PACIFIC ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 36. ASIA PACIFIC ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 37. CHINA ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 38. CHINA ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 39. INDIA ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 40. INDIA ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 41. JAPAN ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 42. JAPAN ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 43. REST OF APAC ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 44. REST OF APAC ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)
CHART. 45. REST OF WORLD ARTIFICIAL LIFT MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)
CHART. 46. REST OF WORLD ARTIFICIAL LIFT MARKET VALUE, BY MECHANISM, 2020-2026 (USD BILLION)

Burckhardt Compression Holding AG
Mitsubishi Heavy Industries Compressor Corporation
Atlas Copco Energas GmbH
General Electric Company
Man Diesel & Turbo SE
Ebara Corporation
Ariel Corporation
Solar Turbine Inc.
Neuman & Esser Group and Hitachi
Ltd.

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