Oil & Gas companies have increased their emphasis on optimizing operational field production, and increasing production efficiency to lower the costs. Such a profound change in the strategic outlook is expected to inevitably instigate an increase in demand for production optimization equipment such as artificial lift systems. However, strict government and regulations and environmental problems associated oil & gas production are inhibiting the growth of the artificial lift market.
The global artificial lift market is expected to experience an upward trend following of increasing focus on production optimization in the industry, states the MRFR Research Analyst while commenting upon the deep diving study report published by Market Research Future, presented through more than 100 market data tables and figures spread over 100 pages.
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Industry Major Key Players:-
- John Crane
- Baker Hughes
- Cameron International
- Dover Corporation
- GE Oil & Gas
- National Oilwell Varco
Reasons To Buy This Report:-
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Artificial Lift Market
- To provide insights about factors affecting the market growth
- To Analyze the Global Artificial Lift Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North
- America, Europe, Asia, and Rest of the World (RoW)
- To provide country level analysis of the market with respect to the current market size and future prospective.
Global Artificial Lift Market – Segments
The market for Artificial Lift has been segmented on the basis of type of equipment employed for the function. The segmentation involves rod lift, electric submersible pump (ESP), progressive cavity pumps (PCP), gas lift, and others. Other types used include plunger lift, and hydraulic jet pumps which have a small contribution within the artificial lift market
TABLE OF CONTENTS:-
1 REPORT PROLOGUE
2 Global Artificial Lift Market 2016-2027: INTRODUCTION
3 Global Artificial Lift Market 2016-2027: RESEARCH METHODOLOGY
4 Global Artificial Lift Market 2016-2027: MARKET DYNAMICS
4.4 MEGA TRENDS
4.5 MACROECONOMIC INDICATORS
4.6 IMPORTANT POINTERS BY INDUSTRY EXPERTS
4.6.1 FASTEST GROWING MARKET
4.6.2 GROWTH PROSPECTS
5 Global Artificial Lift Market 2016-2027: MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
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Global Artificial Lift Market – Regional Analysis:-
Asia-Pacific market is expected to exhibit a comparatively high growth than Europe. Increasing focus towards development of shale gas projects in countries such as China, and Indonesia is expected to be a major factor driving the Asia-pacific market.
The European region held the second largest share within the artificial lift market and is expected to grow at a moderate rate during the forecast period, between 2016 and 2022.