Artificial Lift Systems Market to Reach $26.5 Billion by 2025 – Key Players are GE Oil & Gas, National Oilwell Varco, Weatherford, Halliburton, Dover & Schlumberger Limited – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Artificial
Lift Systems Market Analysis By Product (Rod Lifts, Electrical
Submersible Pumps, Progressive Cavity Pumps, Gas Lift, Hydraulic Pumps),
By Region, And Segment Forecasts, 2014 – 2025” report to their
offering.

The global artificial lift market is expected to reach USD 26.5 billion
by 2025.

The industry is anticipated to gain traction owing to the increasing
fossil fuel demand coupled with the rising number of mature reserves,
which hold a high volume of crude oil. Furthermore, volatile oil prices
are persuading oil companies to decrease the per barrel oil production
cost, thereby driving the demand for EOR techniques, such as artificial
lift systems, over the forecast period.

The robust demand for crude oil and natural gas has led to the depletion
of onshore reserves. This has offered offshore deep-water opportunities
for several companies, thus catapulting the artificial lift market size.
Additionally, technological advancements have encouraged Exploration and
Production (E&P) companies to increase the production of crude oil and
natural gas in offshore reserves, which is anticipated to further propel
demand over the coming years.

The demand for energy is increasing globally. The escalating demand for
primary energy in transportation, power generation, and household
activities has led to increased oil & gas consumption in major economies
across the globe. This has led the producers of oil & gas to dig deeper
to meet the increasing energy demands, thus instigating the need for
artificial lift. However, the fluctuating oil prices and impacted
investments would affect market growth, owing to high equipment and
capital costs.

Companies Mentioned

• Baker Hughes Incorporated
• Borets Company LLC
• Dover Corporation
• GE Energy (GE Power)
• Halliburton Company, LLC
• J&J Technical Services, LLC
• National Oilwell Varco, Inc.
• Schlumberger Limited
• Tenaris S.A.
• Torqueflow-Sydex Ltd.
• Weatherford International Ltd

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Artificial Lift Systems Industry Outlook

4. Artificial Lift Systems Market: Product Outlook

5. Artificial Lift Systems Market: Regional Outlook

6. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/jppq6m/artificial_lift

Contacts

Research and Markets
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related
Topics: Oilfield
Equipment and Services