Global Artificial Lift Systems Market 2017-2021

LONDON, July 5, 2017 /PRNewswire/ -- Artificial lift is a method used to lower the producing bottom-hole pressure on the formation to obtain a higher production rate from wells. This can be done using positive displacement downhole pumps, such as ESP, RLP, and PCP that lower the flowing pressure at the pump intake. The global artificial lift systems market is segmented based on type, namely ESP, RLP, PCP, and other pump systems.


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Technavio's analysts forecast the global artificial lift systems market to grow at a CAGR of 8.10% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global artificial lift systems market for 2017-2021. To calculate the market size, the report considers the sales and services market.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Artificial Lift Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Baker Hughes
• Dover Artificial Lift
• Halliburton
• Schlumberger
• Weatherford

Other prominent vendors
• Borets
• Compass Oil and Gas Solutions
• Flotek Industries
• General Electric
• Gulf Coast Pump & Supply
• Cameron International
• Lycon
• National Oilwell Varco
• PCM
• Tenaris
• Torqueflow-Sydex

Market driver
• Growing demand for oil and natural gas
• For a full, detailed list, view our report

Market challenge
• High maintenance cost
• For a full, detailed list, view our report

Market trend
•Increasing use of automation and remote technology
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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