Artificial Lift Market by Type (Electrical Submersible Pumps, Gas Lift, Progressive Cavity Pumps), Mechanism (Gas Assisted, Pump Assisted), Well type, Component, Application - Global Forecast 2024-2030
The Artificial Lift Market size was estimated at USD 9.93 billion in 2023 and expected to reach USD 10.60 billion in 2024, at a CAGR 6.84% to reach USD 15.79 billion by 2030.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Artificial Lift Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Artificial Lift Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Artificial Lift Market, highlighting leading vendors and their innovative profiles. These include Baker Hughes Company, ChampionX Corporation, Dover Corporation, Flotek Industries, Inc., General Electric Company, Halliburton Company, JJ TECH, John Crane, Inc., NOV Inc., Oilserv Limited, PCM Artificial Lift Solutions, Priority Artificial Lift Services, LLC, Production Lift Companies, Tally Energy Services, and Weatherford International PLC.
Market Segmentation & Coverage
This research report categorizes the Artificial Lift Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
Electrical Submersible Pumps
Gas Lift
Progressive Cavity Pumps
Rod Lift
Mechanism
Gas Assisted
Pump Assisted
Dynamic Displacement
Positive Displacement
Well type
Horizontal
Vertical
Component
Cable System
Controller
Drive Head
Gas-lift Mandrels
Gas-lift Valves
Motor
Pump
Pump Jack
Separator
Sucker Rod
Application
Offshore
Onshore
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom The report offers valuable insights on the following aspects:
Market Penetration: It presents comprehensive information on the market provided by key players.
Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
What is the market size and forecast of the Artificial Lift Market?
Which products, segments, applications, and areas should one consider investing in over the forecast period in the Artificial Lift Market?
What are the technology trends and regulatory frameworks in the Artificial Lift Market?
What is the market share of the leading vendors in the Artificial Lift Market?
Which modes and strategic moves are suitable for entering the Artificial Lift Market?
Note: PDF & Excel + Online Access - 1 Year
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Artificial Lift Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing exploration and production (E&P) activities to meet the energy demand
5.1.1.2. Increase in demand from unconventional oil and gas reserves
5.1.1.3. Rising ultra-deep and deepwater activities
5.1.2. Restraints
5.1.2.1. Environmental concerns related to artificial lift technologies
5.1.2.2. Limited labor skills
5.1.3. Opportunities
5.1.3.1. High potential in the redevelopment of mature fields
5.1.3.2. Increasing adoption of smart artificial lift systems
5.1.4. Challenges
5.1.4.1. Limited number of skilled professionals to manage artificial lifts
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Artificial Lift Market, by Type
6.1. Introduction
6.2. Electrical Submersible Pumps
6.3. Gas Lift
6.4. Progressive Cavity Pumps
6.5. Rod Lift
7. Artificial Lift Market, by Mechanism
7.1. Introduction
7.2. Gas Assisted
7.3. Pump Assisted
7.4.1. Dynamic Displacement
7.4.2. Positive Displacement
8. Artificial Lift Market, by Well type
8.1. Introduction
8.2. Horizontal
8.3. Vertical
9. Artificial Lift Market, by Component
9.1. Introduction
9.2. Cable System
9.3. Controller
9.4. Drive Head
9.5. Gas-lift Mandrels
9.6. Gas-lift Valves
9.7. Motor
9.8. Pump
9.9. Pump Jack
9.10. Separator
9.11. Sucker Rod
10. Artificial Lift Market, by Application
10.1. Introduction
10.2. Offshore
10.3. Onshore
11. Americas Artificial Lift Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Artificial Lift Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Artificial Lift Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. Baker Hughes Company
15.1.2. ChampionX Corporation
15.1.3. Dover Corporation
15.1.4. Flotek Industries, Inc.
15.1.5. General Electric Company
15.1.6. Halliburton Company
15.1.7. JJ TECH
15.1.8. John Crane, Inc.
15.1.9. NOV Inc.
15.1.10. Oilserv Limited
15.1.11. PCM Artificial Lift Solutions
15.1.12. Priority Artificial Lift Services, LLC
15.1.13. Production Lift Companies
15.1.14. Tally Energy Services
15.1.15. Weatherford International PLC
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. ARTIFICIAL LIFT MARKET RESEARCH PROCESS
FIGURE 2. ARTIFICIAL LIFT MARKET SIZE, 2023 VS 2030