Artificial Lift System Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2013 - 2019
Artificial lift refers to the mechanical devices that are used to increase the oil recovery when the natural drive is not sufficient to lift the oil. It is the means of overcoming bottom hole pressure so that the well can produce at some desirable rate. Artificial lifts have become an important part of the production process. The use of modern technologies like horizontal drilling promotes the use of artificial lift.
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Artificial lift systems can be segmented based on the type such as Rod lift, Processing Cavity Pump (PCP), Gas lift, Electric Submersible Pump (ESP) and Plunger lift. ESP is estimated to be the market leader amongst all. Each type is used for different purpose and reservoir conditions. Major components used in artificial lift systems are motor, pump, cable, sucker rod, separator and pump jack among others. Booming oil production in some parts of the world have propelled the growth of artificial lift market. Middle East region is the fastest growing market for artificial lift as huge oil reserves exists there.
North America is the most active region as countries like Canada and Mexico are using artificial lift on their matured fields. European nations such as Russia are also a prospective market for artificial lift as high production is carried out from its matured fields.
Of the total well drilled across the world majority of them requires artificial lift to carry out oil recovery. Along the life span of a well, the reservoir pressure decreases and well requires artificial lift to produce the fluids. Investments carried out by exploration & production companies on development of matured oil fields and unconventional resources are creating a wide scope for artificial lift systems market to grow. Matured oil fields accounts for a very high percentage in global crude oil production.
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Some of the key players in the manufacturing of artificial lifts are Baker Hughes Inc, GE Energy, JSC Alnas, J&J technical Services LLC, Kudu Industries Inc., National Oil Varco Inc., Schlumberger Ltd, Tenaris S.A. and Weatherford International Ltd among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
To Read Complete Report with TOC: http://www.marketresearchreports.biz/analysis/195487
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments.
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact
M/s Sheela
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
Blog: http://mrrfocuseconomics.blogspot.com/
Artificial lift refers to the mechanical devices that are used to increase the oil recovery when the natural drive is not sufficient to lift the oil. It is the means of overcoming bottom hole pressure so that the well can produce at some desirable rate. Artificial lifts have become an important part of the production process. The use of modern technologies like horizontal drilling promotes the use of artificial lift.
Browse Full Report With TOC: http://www.marketresearchreports.biz/analysis-details/artificial-lift-system-market-global-industry-analysis-market-size-share-growth-trends-and-forecast-2013-2019
Artificial lift systems can be segmented based on the type such as Rod lift, Processing Cavity Pump (PCP), Gas lift, Electric Submersible Pump (ESP) and Plunger lift. ESP is estimated to be the market leader amongst all. Each type is used for different purpose and reservoir conditions. Major components used in artificial lift systems are motor, pump, cable, sucker rod, separator and pump jack among others. Booming oil production in some parts of the world have propelled the growth of artificial lift market. Middle East region is the fastest growing market for artificial lift as huge oil reserves exists there.
North America is the most active region as countries like Canada and Mexico are using artificial lift on their matured fields. European nations such as Russia are also a prospective market for artificial lift as high production is carried out from its matured fields.
Of the total well drilled across the world majority of them requires artificial lift to carry out oil recovery. Along the life span of a well, the reservoir pressure decreases and well requires artificial lift to produce the fluids. Investments carried out by exploration & production companies on development of matured oil fields and unconventional resources are creating a wide scope for artificial lift systems market to grow. Matured oil fields accounts for a very high percentage in global crude oil production.
To Get Download Full Report with TOC: http://www.marketresearchreports.biz/sample/toc/195487
Some of the key players in the manufacturing of artificial lifts are Baker Hughes Inc, GE Energy, JSC Alnas, J&J technical Services LLC, Kudu Industries Inc., National Oil Varco Inc., Schlumberger Ltd, Tenaris S.A. and Weatherford International Ltd among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
To Read Complete Report with TOC: http://www.marketresearchreports.biz/analysis/195487
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments.
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact
M/s Sheela
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
Blog: http://mrrfocuseconomics.blogspot.com/
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