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"Artificial Lift Market Report" which is executed using two methods - first method involves usage of a gas lift to create the upward movement of produced fluids; the other lifting method uses the support of downhole pumps which function with electricity. The lifts can be widely classified by their movement as positive displacement pumps and dynamic displacement pumps.Artificial lift is used to provide adequate pressure in a low reservoir pressure well to thrust the crude to the surface. Artificial lifts are suitable for conventional crude production, unconventional crude production, deep and ultra-deep offshore production, rehabilitation of fields, redevelopment of mature fields, low API crude, early production systems, enhanced oil recovery methods, other recovery methods such as Steam Assisted Gravity Drainage (SAGD), Circulated Steam Simulation (CSS) and Cold Heavy Oil Production (CHOPS). Conventional methods of recovery activities need to be revived to parallel production to the current levels of demand. About 70% of the global crude oil production is derived from mature fields, of which, most experience reservoir pressure deficiency, which is a crucial production parameter. This situation necessitates the entry of artificial lift equipment. E&P industry’s focus shift towards unconventional hydrocarbon sources and subsea operations is due to the falling profits from older fields that are in dire need to undergo redevelopment. There is also a need for growing global energy demand. Artificial lifts of various types support different purposes which encompass all types of recovery activities from transforming stripper wells into financially viable wells, to bituminous crude production and high operating volume offshore production. Growing production in some parts of the world such as Canada and Venezuela promise the growth of artificial lifts, fields in the Middle East region are undergoing redevelopment, processes where the use of artificial lifts is inevitable. Russia is currently a successful market and also is a prospective market considering its high production from mature fields which require artificial lifts to have successful production rates. South Eastern countries which have been engaged in offshore production for decades demand these lifts to enhance production rates. The fastest growing region is expected to be South & Central America, followed by Middle East and Africa. Currently, the most active market is North America, followed by Europe, reasoned by active implementation of development strategies. We have used various secondary sources - encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the artificial lift market. The primary sources – experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of artificial lifts. We have also profiled leading players of this industry with their recent developments and other strategic industry activities, namely Weatherford International Ltd (Switzerland), Schlumberger Ltd (U.S.), Baker Hughes Incorporated (U.S.), GE Energy (U.S.), JSC Alnas (Russia), National Oil Varco Inc. (U.S.), Lufkin Industries Inc. (U.S.), Tenaris S.A. (Luxembourg), Kudu Industries Inc. (Canada), J&J Technical Services LLC (U.S.), and also other market participants. Scope of the report This research report categorizes the global market of artificial lifts in the oil and gas industry, on the basis of product types, and geography; forecasting revenue and analyzing trends in each of the submarkets. On the basis of product type: Electric Submersible Pump (ESP) Rod Lift Progressive Cavity Pump (PCP) Gas Lift and others. On the basis of geography: North America South & Central America Europe Middle East and Africa Asia-Pacific Table of contents : 1 Introduction 1.1 Key Take-Aways 1.2 Report Description 1.3 Stakeholders 1.4 Research Methodology 1.4.1 Market Size 1.4.2 Key Data Points Taken From Secondary Sources 1.4.3 Major Secondary Sources Used 1.4.4 Key Data Points Taken From Primary Sources 1.4.5 Assumptions Made For This Report 1.5 Key Questions Answered 2 Executive Summary 3 Market Overview 3.1 Introduction 3.2 Value Chain Analysis 3.2.1 Manufacturers 3.2.2 Suppliers & Distributors 3.2.3 End-Users 3.3 Market Dynamics 3.3.1 Drivers 3.3.1.1 Increasing Deep And Ultra-Deep Offshore And Heavy Oil Production 3.3.1.2 Enhanced Production Requirements In Mature Fields 3.3.1.3 Growing Energy Demand 3.3.2 Restraints 3.3.2.1 Maladaptive Towards Production Environment 3.3.2.2 Lack Of Industry Professionals 3.3.3 Opportunities 3.3.3.1 Rehabilitation And Redevelopment Of Fields 3.3.3.2 Booming Subsea Operations 3.3.4 Winning Imperative 3.3.4.1 Higher Pressure Decline Rate In Unconventional Reservoirs 3.3.5 Burning Issue 3.3.5.1 Consolidation Of Artificial Lift Markets 3.3.6 Porter’s Five Force Analysis 3.3.6.1 Suppliers’ Power 3.3.6.2 Threat Of New Entrants 3.3.6.3 Buyers’ Power 3.3.6.4 Threat Of Substitutes 3.3.6.5 Degree Of Competition 3.3.7 Patents Analysis 4 Artificial Lift Market, By Lift Types 4.1 Introduction 4.2 Rod Lift 4.3 Electric Submersible Pump 4.4 Progressive Cavity Pump 4.5 Gas Lift 4.6 Others 5 Artificial Lift Market, By Geography 5.1 Introduction 5.2 North America 5.2.1 U.S. 5.2.2 Canada 5.3 Europe 5.3.1 Russia 5.3.2 U.K. 5.3.3 Norway 5.4 Asia-Pacific 5.4.1 China 5.4.2 Malaysia 5.4.3 India 5.4.4 Indonesia 5.5 Middle East & Africa 5.5.1 United Arab Emirates (Uae) 5.5.2 Saudi Arabia 5.5.3 Oman 5.5.4 Kuwait 5.5.5 Nigeria 5.5.6 Angola 5.6 South & Central America 5.6.1 Venezuela 5.6.2 Brazil 5.6.3 Mexico About Author Bio: I am working with a market research company which provides market research reports , custom research, company profiles, industry analysis, country reports , business reports, online databases and the report on Artificial lifts etc. Through our industry analysis you can identify opportunities, analyze the requirements of the customers and study the competition sector wise.
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