Artificial Lift Market Share, Size, Trends, Industry Analysis Report, By Type (Rod Lift, Electric Submersible, Progressive Cavity, Gas Lift Systems); By Mechanism; By Well Type; By Application; By Region; Segment Forecast, 2022 - 2030

Artificial Lift Market Share, Size, Trends, Industry Analysis Report, By Type (Rod Lift, Electric Submersible, Progressive Cavity, Gas Lift Systems); By Mechanism; By Well Type; By Application; By Region; Segment Forecast, 2022 - 2030

The global artificial lift market size is expected to reach USD 10.21 billion by 2030 according to a new study by Polaris Market Research. The report “Artificial Lift Market Share, Size, Trends, Industry Analysis Report, By Type (Rod Lift, Electric Submersible, Progressive Cavity, Gas Lift Systems); By Mechanism; By Well Type; By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing production, increasing reservoir pressure, and extending the well’s production life are the factors that have driven the market.

Problems ranging from minor leaks to structural failures have steadily increased, which has led the oil and gas key drivers to focus more on safety, which has resulted in the adoption of restructuring the operations, enabling better analysis of well conditions and reducing operational costs, which have anticipated for the market’s growth.

The market growth is attributed to increased oil and gas production from unconventional sources. The conventional oil and gas sources are reducing at a fast pace, resulting in a shift of focus toward unconventional sources; due to rising global energy demand, these oil and gas reserves need artificial lifting during exploration & production activities for optimum oil production, increasing the demand for these lift over the forecast.

Several opportunities for the players operating in the market have been created due to the availability of recoverable shale gas in most parts of the world. Artificial lifting methods are utilized in horizontal shale gas-producing wells to lift the accumulated fluids in the well and assist in sustaining the good performance of the well.

Artificial Lift Market Report Highlights

  • The rod lift type accounted most significant market shares due to its superior qualities, such as high system efficiency, optimized controls, positive displacement, and wide flexibility.
  • Based on the mechanism, the market has been segmented into pump and gas assisted. The gas-assisted segment accounted for the largest market share due to its cost-effectiveness compared to pump lifts and is broadly used across several verticals.
  • The significant discoveries related to shale gas reserves have driven the growth of horizontal well type.
  • The offshore segment is expected to grow at the highest rate during the forecast period as offshore holds high unexplored reserves and growing upstream activities in deep water fields.
  • North America accounts for the largest market share due to the availability of aged and horizontal wells and enormous potential across the offshore area.
  • Major players operating in market are AccessESP, Borets International Limited, Dover Corporation, Flotek Industries Inc., GE Oil & Gas, Halliburton, JJ Tech, John Crane Group, National Oilwell Varco Inc., OILSERV, Schlumberger, Weatherford.

  • Polaris Market Research has segmented the artificial lift market report based on type, mechanism, well type, application, and region:

    Artificial Lift, Type Outlook (Revenue – USD Billion, 2018 – 2030)
  • Rod Lift
  • Electric Submersible Pump
  • Progressive Cavity Pump
  • Gas Lift Systems
  • Others

  • Artificial Lift, Mechanism Outlook (Revenue – USD Billion, 2018 – 2030)
  • Pump Assisted
  • Positive
  • Dynamic
  • Gas Assisted

  • Artificial Lift, Well Type Outlook (Revenue – USD Billion, 2018 – 2030)
  • Horizontal
  • Vertical

  • Artificial Lift, Application Outlook (Revenue – USD Billion, 2018 – 2030)
  • Onshore
  • Offshore

  • Artificial Lift, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

  • 1. Introduction
    1.1. Report Description
    1.1.1. Objectives of the Study
    1.1.2. Market Scope
    1.1.3. Assumptions
    1.2. Stakeholders
    2. Executive Summary
    2.1. Market Highlights
    3. Research Methodology
    3.1. Overview
    3.1.1. Data Mining
    3.2. Data Sources
    3.2.1. Primary Sources
    3.2.2. Secondary Sources
    4. Global Artificial Lift Market Insights
    4.1. Artificial Lift – Industry Snapshot
    4.2. Artificial Lift Market Dynamics
    4.2.1. Drivers and Opportunities
    4.2.1.1. Increasing demand of energy across the world
    4.2.1.2. Increasing deep/ ultra-deep offshore oil production activities
    4.2.2. Restraints and Challenges
    4.2.2.1. High cost of artificial lift equipment
    4.3. Porter’s Five Forces Analysis
    4.3.1. Bargaining Power of Suppliers (Moderate)
    4.3.2. Threats of New Entrants: (Low)
    4.3.3. Bargaining Power of Buyers (Moderate)
    4.3.4. Threat of Substitute (Moderate)
    4.3.5. Rivalry among existing firms (High)
    4.4. PESTLE Analysis
    4.5. Artificial Lift Industry Trends
    4.6. Value Chain Analysis
    4.7. COVID-19 Impact Analysis
    5. Global Artificial Lift Market, by Application
    5.1. Key Findings
    5.2. Introduction
    5.2.1. Global Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    5.3. Onshore
    5.3.1. Global Artificial Lift Market, by Onshore, by Region, 2018 - 2030 (USD Billion)
    5.4. Offshore
    5.4.1. Global Artificial Lift Market, by Offshore, by Region, 2018 - 2030 (USD Billion)
    6. Global Artificial Lift Market, by Mechanism
    6.1. Key Findings
    6.2. Introduction
    6.2.1. Global Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    6.3. Pump Assisted
    6.3.1. Global Artificial Lift Market, by Pump Assisted, by Region, 2018 - 2030 (USD Billion)
    6.3.2. Positive
    6.3.2.1. Global Artificial Lift Market, by Positive, by Region, 2018 - 2030 (USD Billion)
    6.3.3. Dynamic
    6.3.3.1. Global Artificial Lift Market, by Dynamic, by Region, 2018 - 2030 (USD Billion)
    6.4. Gas Assisted
    6.4.1. Global Artificial Lift Market, by Gas Assisted, by Region, 2018 - 2030 (USD Billion)
    7. Global Artificial Lift Market, by Type
    7.1. Key Findings
    7.2. Introduction
    7.2.1. Global Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    7.3. Rod Lift
    7.3.1. Global Artificial Lift Market, by Rod Lift, by Region, 2018 - 2030 (USD Billion)
    7.4. Electric Submersible Pump
    7.4.1. Global Artificial Lift Market, by Electric Submersible Pump, by Region, 2018 - 2030 (USD Billion)
    7.5. Progressive Cavity Pump
    7.5.1. Global Artificial Lift Market, by Progressive Cavity Pump, by Region, 2018 - 2030 (USD Billion)
    7.6. Gas Lift Systems
    7.6.1. Global Artificial Lift Market, by Gas Lift Systems, by Region, 2018 - 2030 (USD Billion)
    7.7. Others
    7.7.1. Global Other Artificial Lift Market, by Region, 2018 - 2030 (USD Billion)
    8. Global Artificial Lift Market, by Well Type
    8.1. Key Findings
    8.2. Introduction
    8.2.1. Global Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    8.3. Horizontal
    8.3.1. Global Artificial Lift Market, by Horizontal, by Region, 2018 - 2030 (USD Billion)
    8.4. Vertical
    8.4.1. Global Artificial Lift Market, by Vertical, by Region, 2018 - 2030 (USD Billion)
    9. Global Artificial Lift Market, by Geography
    9.1. Key findings
    9.2. Introduction
    9.2.1. Artificial Lift Market Assessment, By Geography, 2018 - 2030 (USD Billion)
    9.3. Artificial Lift Market – North America
    9.3.1. North America: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.3.2. North America: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.3.3. North America: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.3.4. North America: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.3.5. Artificial Lift Market – U.S.
    9.3.5.1. U.S.: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.3.5.2. U.S.: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.3.5.3. U.S.: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.3.5.4. U.S.: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.3.6. Artificial Lift Market – Canada
    9.3.6.1. Canada: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.3.6.2. Canada: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.3.6.3. Canada: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.3.6.4. Canada: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.4. Artificial Lift Market – Europe
    9.4.1. Europe: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.4.2. Europe: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.4.3. Europe: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.4.4. Europe: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.4.5. Artificial Lift Market – UK
    9.4.5.1. UK: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.4.5.2. UK: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.4.5.3. UK: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.4.5.4. UK: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.4.6. Artificial Lift Market – France
    9.4.6.1. France: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.4.6.2. France: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.4.6.3. France: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.4.6.4. France: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.4.7. Artificial Lift Market – Germany
    9.4.7.1. Germany: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.4.7.2. Germany: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.4.7.3. Germany: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.4.7.4. Germany: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.4.8. Artificial Lift Market – Italy
    9.4.8.1. Italy: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.4.8.2. Italy: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.4.8.3. Italy: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.4.8.4. Italy: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.4.9. Artificial Lift Market – Spain
    9.4.9.1. Spain: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.4.9.2. Spain: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.4.9.3. Spain: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.4.9.4. Spain: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.4.10. Artificial Lift Market – Netherlands
    9.4.10.1. Netherlands: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.4.10.2. Netherlands: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.4.10.3. Netherlands: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.4.10.4. Netherlands: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.4.11. Artificial Lift Market – Russia
    9.4.11.1. Russia: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.4.11.2. Russia.: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.4.11.3. Russia: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.4.11.4. Russia: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.5. Artificial Lift Market – Asia Pacific
    9.5.1. Asia Pacific: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.5.2. Asia Pacific: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.5.3. Asia Pacific: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.5.4. Asia Pacific: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.5.5. Artificial Lift Market – China
    9.5.5.1. China: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.5.5.2. China.: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.5.5.3. China: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.5.5.4. China: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.5.6. Artificial Lift Market – India
    9.5.6.1. India: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.5.6.2. India.: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.5.6.3. India: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.5.6.4. India: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.5.7. Artificial Lift Market – Japan
    9.5.7.1. Japan: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.5.7.2. Japan.: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.5.7.3. Japan: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.5.7.4. Japan: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.5.8. Artificial Lift Market – Malaysia
    9.5.8.1. Malaysia: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.5.8.2. Malaysia.: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.5.8.3. Malaysia: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.5.8.4. Malaysia: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.5.9. Artificial Lift Market – Indonesia
    9.5.9.1. Indonesia: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.5.9.2. Indonesia.: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.5.9.3. Indonesia: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.5.9.4. Indonesia: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.5.10. Artificial Lift Market – South Korea
    9.5.10.1. South Korea: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.5.10.2. South Korea.: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.5.10.3. South Korea: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.5.10.4. South Korea: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.6. Artificial Lift Market – Middle East & Africa
    9.6.1. Middle East & Africa: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.6.2. Middle East & Africa: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.6.3. Middle East & Africa: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.6.4. Middle East & Africa: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.6.5. Artificial Lift Market – Saudi Arabia
    9.6.5.1. Saudi Arabia: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.6.5.2. Saudi Arabia: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.6.5.3. Saudi Arabia: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.6.5.4. Saudi Arabia: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.6.6. Artificial Lift Market – South Africa
    9.6.6.1. South Africa: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.6.6.2. South Africa: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.6.6.3. South Africa: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.6.6.4. South Africa: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.6.7. Artificial Lift Market – Israel
    9.6.7.1. Israel: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.6.7.2. Israel: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.6.7.3. Israel: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.6.7.4. Israel: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.6.8. Artificial Lift Market – UAE
    9.6.8.1. UAE: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.6.8.2. UAE: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.6.8.3. UAE: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.6.8.4. UAE: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.7. Artificial Lift Market – Latin America
    9.7.1. Latin America: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.7.2. Latin America: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.7.3. Latin America: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.7.4. Latin America: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.7.5. Artificial Lift Market – Mexico
    9.7.5.1. Mexico: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.7.5.2. Mexico: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.7.5.3. Mexico: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.7.5.4. Mexico: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.7.6. Artificial Lift Market – Brazil
    9.7.6.1. Brazil: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.7.6.2. Brazil: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.7.6.3. Brazil: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.7.6.4. Brazil: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    9.7.7. Artificial Lift Market – Argentina
    9.7.7.1. Argentina: Artificial Lift Market, by Application, 2018 - 2030 (USD Billion)
    9.7.7.2. Argentina: Artificial Lift Market, by Well Type, 2018 - 2030 (USD Billion)
    9.7.7.3. Argentina: Artificial Lift Market, by Mechanism, 2018 - 2030 (USD Billion)
    9.7.7.4. Argentina: Artificial Lift Market, by Type, 2018 - 2030 (USD Billion)
    10. Competitive Landscape
    10.1. Expansion and Acquisition Analysis
    10.1.1. Expansion
    10.1.2. Acquisitions
    10.2. Partnerships/Collaborations/Agreements/Exhibitions
    11. Company Profiles
    11.1. AccessESP
    11.1.1. Company Overview
    11.1.2. Financial Performance
    11.1.3. Product Benchmarking
    11.1.4. Recent Development
    11.2. Borets International Limited
    11.2.1. Company Overview
    11.2.2. Financial Performance
    11.2.3. Product Benchmarking
    11.2.4. Recent Development
    11.3. Dover Corporation
    11.3.1. Company Overview
    11.3.2. Financial Performance
    11.3.3. Product Benchmarking
    11.3.4. Recent Development
    11.4. Flotek Industries Inc
    11.4.1. Company Overview
    11.4.2. Financial Performance
    11.4.3. Product Benchmarking
    11.4.4. Recent Development
    11.5. GE Oil & Gas
    11.5.1. Company Overview
    11.5.2. Financial Performance
    11.5.3. Product Benchmarking
    11.5.4. Recent Development
    11.6. Halliburton
    11.6.1. Company Overview
    11.6.2. Financial Performance
    11.6.3. Product Benchmarking
    11.6.4. Recent Development
    11.7. JJ Tech
    11.7.1. Company Overview
    11.7.2. Financial Performance
    11.7.3. Product Benchmarking
    11.7.4. Recent Development
    11.8. John Crane Group
    11.8.1. Company Overview
    11.8.2. Financial Performance
    11.8.3. Product Benchmarking
    11.8.4. Recent Development
    11.9. National Oilwell Varco Inc.
    11.9.1. Company Overview
    11.9.2. Financial Performance
    11.9.3. Product Benchmarking
    11.9.4. Recent Development
    11.10. OILSERV
    11.10.1. Company Overview
    11.10.2. Financial Performance
    11.10.3. Product Benchmarking
    11.10.4. Recent Development
    11.11. Schlumberger
    11.11.1. Company Overview
    11.11.2. Financial Performance
    11.11.3. Product Benchmarking
    11.11.4. Recent Development
    11.12. Weatherford
    11.12.1. Company Overview
    11.12.2. Financial Performance
    11.12.3. Product Benchmarking
    11.12.4. Recent Development

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