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Artificial Lift Systems Market

Artificial Lift Systems Market (Component: Hardware [Pump, Motor, Cable System, Pump Jack, Sucker Rod, and Others] and Software; and System: Electrical Submersible Pumping [ESP], Sucker Rod Lift, Progressing Cavity Pumping [PCP], Gas Lift, Hydraulic Pumping, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Business Intelligence Software Enables End Users Achieve High Productivity Levels

There is a growing need to improve digital oilfield operations in the artificial lift systems market. Fortunately, new technologies are making it possible for manufacturers to meet specific requirements of stakeholders in the oil & gas industry.

Since stakeholders in the oil & gas industry are constantly looking for options to optimize production costs, companies in the market for artificial lift systems are introducing business intelligence and analytics software. As such, software component segment of the artificial lift systems market is expected to reach a value of ~US$ 2.6 Bn by the end of 2027. Hence, companies in the market for artificial lift systems are collaborating with software engineers to develop advanced software systems.

Stakeholders in the oil & gas industry are increasingly benefitting from advanced business-intelligence software, since such software not only offer data on virtual flowmeters (VFMs), but also provide information across all inputs in an oilfield. Such operational practices are helping stakeholders to achieve high productivity levels.

artificial lift systems market infographic

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Economic Advantages of Hybrid Pumps Generate Profits for Manufacturers

Workers in the oil & gas industry operate in high-risk environments. Hence, oil & gas companies are investing in technologically sound systems that ensure safety of workers. Likewise, end users in the market for artificial lift systems are increasingly investing in innovative sucker rod lift systems built with insert safety valves. This is evident as sucker rod lift system segment of the artificial lift systems market is anticipated to reach a value of ~US$ 5.1 Bn by 2027.

Sucker rod artificial lifts are being increasingly used to lift hydrocarbons from wells to the surface. Manufacturers in the market for artificial lift systems are increasing their production capacities to develop fail-safe designs of these artificial lifts in order to prevent uncontrolled blow out during phases of oil production. Insert safety valves are being interchangeably used with wireline surface valves. Since installation and retrieving procedures of the two valves collide, manufacturers in the artificial lift systems market are introducing novel insert rod pumps to support challenging oil production procedures. These hybrid pumps offer economic advantages to companies, since they serve as a new approach for retrofitting existing wells.

WRESP Technology Helps Overcome Barriers of Production Downtime

The artificial lift systems market is anticipated to grow at a favorable rate during the forecast period. However, certain hurdles act as barriers for manufacturers. For instance, the artificial lift systems market is consolidated with five major players accounting for a market share of ~65%. This poses as a hurdle for emerging players to compete with leading players in the artificial lift systems market, since the former lacks resources and capital to meet needs of end users.

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On the other hand, there is a growing need to improve operational costs involving the electric submersible pumping (ESP) technology. Undesired impact from ESP and production downtime act as major barrier affecting productivity levels of workers in the oil & gas industry. Hence, companies in the market for artificial lift systems are introducing the innovative wireline rigless retrievable electric submersible pumping (WRESP) technology to overcome the limitations of the conventional ESP technology. End-use industries are increasingly benefitting from the WRESP technology since it extends the economic life of assets.

Companies Incorporate ML and AI Technologies in Everyday Workflow

There is a growing need to streamline oil production processes in wells involving sucker rod pump systems. Hence, manufacturers in the artificial lift systems market are leveraging opportunities in machine learning (ML) and AI to prevent incidence of destructive events that might endanger the life of workers. They are increasing R&D activities in low load anomaly characterization with ML and AI technologies using rod lift systems for deliquification purposes.

Software innovations are gaining popularity in the artificial lift systems market as a cost-efficient alternative to study low load anomaly characterization. Multiple analytical techniques using software are anticipated to become increasingly mainstream over the next few years. Software-based workflow is expected to lead the way for real-time alerts regarding production engineering at the time of anomaly detection and characterization. 

artificial lift systems market segmentation

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Analysts’ Viewpoint

Manufacturers are strengthening their distribution channels, and are offering agile services to meet the requirements of stakeholders in onshore and offshore environments. They are bolstering the company’s credibility by innovating in new technologies that extend the runtime of artificial lift pumping systems.

Software is projected to lead to innovation in the artificial lift systems market, in terms of optimizing operational costs and boosting productivity levels. However, mid- and small-sized oil producers face budget constraints with upfront installation and maintenance costs of business-intelligence software. Thus, manufacturers should strategically market novel software at leading oil producers who have high capital spending and other resources to incorporate software in their production workflow.

Artificial Lift Systems: Overview

  • Artificial lift systems have become an integral part of upstream oil & gas industry. Of late, artificial lift systems have been gaining traction significantly. These systems are used in oil and gas wells in order to increase the pressure in the oil & gas reservoir so as to enable the flow of products to the surface.
  • Artificial lift systems are employed to enhance the production rate of a reservoir whenever the reservoir pressure is unable to bring the products to the surface either due to depletion of the reservoir pressure or lower natural pressure from the start of production cycle. More than 90% of total producing wells across the globe employ artificial lift systems for their production output. Around 96% of producing oil wells in the U.S. use artificial lift systems from the beginning of their production cycle. 

Increase in Production of Unconventional Resources to Drive Artificial Lift Systems Market

  • Rise in demand for energy and fossil fuels in various industries, including transportation, has led to the development of unconventional oil and gas resources across the globe. The world is near the end of easy oil era, with commercial reserves now lying far beneath the earth crust or deep under the ocean beds. Producers are focusing on unconventional sources of oil and gas, such as shale oil, shale gas, coal bed methane, and oil sands, to overcome these challenges and ensure the supply of oil and gas. According to the U.S. Energy Information Administration (EIA), around 7,576.6 trillion cubic feet of shale gas and about 418.9 billion barrels of tight oil are available across the globe. Artificial lift systems are required to extract these resources due to the lack of natural pressure to force them to the surface.
  • Rise in the number of aging wells and maturing reservoirs across the globe is also expected to drive the demand for artificial lift systems during the forecast period. Mature fields account for around two-third of the global oil production. However, the production output from these fields has been declining due to the drop in natural pressure of reservoirs in these fields. Therefore, artificial lift systems are used to increase production from these fields and extract maximum amount of recoverable resources. Artificial lift systems help raise reservoir pressure, thus resulting in an increase in the flow of oil and gas to the surface.
  • Growth in investment in the upstream oil & gas industry and rise in discovery of new fields are also estimated to boost the demand for artificial lift systems during the forecast period. The investment scenario in the upstream sector has gradually improved over the last few years. According to the IEA, the upstream capital expenditure rose from ~US$ 434 Bn in 2016 to ~US$ 471.8 Bn in 2018. This growth is projected to result in discovery of new fields and rise in demand for artificial lift systems in the near future. 

Volatility in Crude Oil Prices Likely to Restrain Artificial Lift Systems Market

  • Prices of crude oil are usually market driven. They are largely influenced by supply-demand scenario, along with geo-political conditions, especially in the Middle East and the U.S. Therefore, prices of crude oil are volatile. This influences investment in the upstream to a large degree. Decrease in prices of crude oil after mid 2014 led to a decline in investments in the sector. This adversely affected the demand for artificial lift systems. Thus, volatility in prices of crude oil is expected to hamper the artificial lift systems market in the near future. 

Increase in Deep and Ultra-deep Water Activities to Present New Opportunities

  • Upstream companies are moving offshore and investing significantly in deep and ultra-deep waters to explore and exploit reserves present in these areas. Recovery of oil prices has encouraged companies to invest substantially in these projects in order to take advantage of the price movement. Artificial lift systems are usually required for the production of resources in offshore areas due to the large distance between the reservoir and the production outlet. Thus, growth in investments in offshore oil & gas exploration and production activities is anticipated to provide new opportunities to the artificial lift systems market. 

Recent Developments, Expansions, Acquisitions, and New Contracts

  • On October 14, 2019, Apergy Corporation announced it had invested in Apex Metalúrgica, a manufacturer of sucker rods based in Argentina. The company strategically invested in Apex Metalúrgica in order to advance its growth and presence in South America. Apergy Corporation plans to utilize the capabilities of Apex Metalúrgica, which has proved itself as a highly capable operations & engineering company in Argentina.
  • In August 2019, Weatherford International plc launched ‘Mamba’ in a co-commercialization collaboration with ExxonMobil. The product is a sucker rod coupling, which has been designed to significantly reduce friction between production tubing & coupling and wear in corrosive, sandy, and deviated wells. The proprietary diamond-like layer coated on the coupling helps decrease friction. Its carbon-spray coating enhances wear resistance around six times than that of a normal coupling, and also increases its uptime.
  • In May 2018, Apergy Corporation announced its successful separation from Dover Corporation. Apergy Corporation is a leading provider of oil and gas engineered technologies and equipment, which help operators produce oil and gas efficiently and safely. The Dover Corporation board approved the spin-off of Apergy Corporation in April 2018. Apergy Corporation also announced that it had become an independent public company and would trade under the symbol of ‘APY’ on the New York Stock Exchange.
  • In October 2017, Borets International announced it had opened a new ESP service center in the Sohar Industrial Estate of Oman. The company declared that the center was opened after the signing of an agreement of a three-year contract worth US$ 105 Mn with Petroleum Development Oman (PDO). 

North America Leads Artificial Lift Systems Market

  • North America dominated the global artificial lift systems market in 2018. The market in the region is anticipated to expand at a substantial pace during the forecast period, primarily due to the high demand for artificial lift systems in the U.S., where around 96% of oil wells require assistance of artificial lift systems since the beginning of their production life.
  • Europe closely followed North America, in terms of market share, in 2018. Russia & CIS countries were the major demand centers of artificial lift systems in Europe. This can be primarily ascribed to the presence of a large number of oil and gas wells in Russia & CIS countries.
  • The artificial lift systems market in Asia Pacific is expected to expand at a moderate pace during the forecast period
  • Latin America and Middle East & Africa held minimal share of the artificial lift systems market in 2018 

International Players Dominate Artificial Lift Systems Market

  • The artificial lift systems market is consolidated, with the dominance of well-established and international players
  • Key players operating in the artificial lift systems market are
    • Schlumberger Limited
    • Weatherford International Plc
    • Baker Hughes
    • a GE Company
    • Apergy Corporation
    • Borets International Limited
    • Superior Energy Services, Inc
    • National Oilwell Varco
    • Halliburton Inc.
    • Occidental Petroleum Corporation
    • Flowco Production Solutions
    • Novomet
    • OiLSERV 

Artificial Lift Systems Market – Segmentation

TMR’s research study assesses the artificial lift systems market on the basis of component, system, and region. This report presents extensive market dynamics and progressive trends associated with different segments, and how they are influencing the growth prospects of the artificial lift systems market.

Component

Hardware (Pump, Motor, Cable System, Pump Jack, Sucker Rod, and Others)

Software

System

Electrical Submersible Pumping (ESP)

Sucker Rod Lift

Progressing Cavity Pumping (PCP)

Gas Lift

Hydraulic Pumping

Others (including Plunger Lift)

Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

Frequently Asked Questions

What is the Artificial Lift Systems Market Size?

Artificial Lift Systems Market is projected to reach US$ 12.3 Bn by the end of 2027

What is the CAGR for Artificial Lift Systems Market?

Artificial Lift Systems Market is expected to grow at a CAGR of 5% during 2019 – 2027

What are the key factors driving the growth of the Artificial Lift Systems Market?

Rise in number of mature fields and aging oil & gas wells is estimated to boost the demand for artificial lift systems during the forecast period

Which region is more attractive for vendors in the Artificial Lift Systems Market?

North America is a more attractive region for vendors in the Artificial Lift Systems Market

Who are the key players in the Artificial Lift Systems Market?

Key vendors in the Artificial Lift Systems Market are Schlumberger Limited, Weatherford International Plc, Baker Hughes, a GE Company, Apergy Corporation, Borets International Limited, etc

    1. Executive Summary

        1.1. Market Outlook

        1.2. Key Facts and Figures

        1.3. Key Trends

        1.4. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Indicators

    3. Market Dynamics

        3.1. Drivers and Restraints Snapshot Analysis

                3.1.1.1. Drivers

                3.1.1.2. Restraints

                3.1.1.3. Opportunities

        3.2. Porter’s Five Forces Analysis

            3.2.1. Threat of Substitutes

            3.2.2. Bargaining Power of Buyers

            3.2.3. Bargaining Power of Suppliers

            3.2.4. Threat of New Entrants

            3.2.5. Degree of Competition

        3.3. Regulatory Scenario

        3.4. Value Chain Analysis

        3.5. List of Hardware Vendors – Artificial Lift Systems Market

        3.6. List of Software Vendors – Artificial Lift Systems Market

        3.7. Global Crude Oil Production Outlook, by Region, 2018

    4. Digitalization in Artificial Lift Systems

        4.1. Introduction

            4.1.1. Strategic Investment

            4.1.2. Joint Venture

            4.1.3. New Product Development

        4.2. Key Developments

        4.3. Key Findings

        4.4. Recent Developments and Successful Implementations

        4.5. Comp Analysis, by Key Providers

    5. Global Artificial Lift Systems Market Value (US$ Mn) Analysis, by Component

        5.1. Key Findings and Introduction

        5.2. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            5.2.1. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Hardware, 2018–2027

                5.2.1.1. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Pump, 2018–2027

                5.2.1.2. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Motor, 2018–2027

                5.2.1.3. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Cable System, 2018–2027

                5.2.1.4. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Pump Jack, 2018–2027

                5.2.1.5. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Sucker Rod, 2018–2027

                5.2.1.6. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Others, 2018–2027

            5.2.2. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Software, 2018–2027

        5.3. Global Artificial Lift Systems Market Attractiveness Analysis, by Component

    6. Global Artificial Lift Systems Market Value (US$ Mn) Analysis, by System

        6.1. Key Findings and Introduction

        6.2. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            6.2.1. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Electrical Submersible Pumping (ESP), 2018–2027

            6.2.2. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Sucker Rod Lift, 2018–2027

            6.2.3. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Progressing Cavity Pumping (PCP), 2018–2027

            6.2.4. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Gas Lift, 2018–2027

            6.2.5. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Hydraulic Pumping, 2018–2027

            6.2.6. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Others, 2018–2027

        6.3. Global Artificial Lift Systems Market Attractiveness Analysis, by System

    7. Global Artificial Lift Systems Market Analysis, by Region

        7.1. Key Findings

        7.2. Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Region

            7.2.1. North America

            7.2.2. Europe

            7.2.3. Asia Pacific

            7.2.4. Latin America

            7.2.5. Middle East & Africa

        7.3. Global Artificial Lift Systems Market Attractiveness Analysis, by Region

    8. North America Artificial Lift Systems Market Overview

        8.1. Key Findings

        8.2. North America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

        8.3. North America Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        8.4. North America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country 

            8.4.1. U.S. Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            8.4.2. U.S. Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            8.4.3. Canada Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            8.4.4. Canada Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        8.5. North America Artificial Lift Systems Market Attractiveness Analysis, by Component

        8.6. North America Artificial Lift Systems Market Attractiveness Analysis, by System

        8.7. North America Artificial Lift Systems Market Attractiveness Analysis, by Country

    9. Europe Artificial Lift Systems Market Overview

        9.1. Key Findings

        9.2. Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

        9.3. Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        9.4. Europe Artificial Lift Systems Market Value (US$ Mn) and  Forecast, by Country and Sub-region 

            9.4.1. U.K. Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            9.4.2. U.K. Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            9.4.3. Norway Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            9.4.4. Norway Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            9.4.5. Russia & CIS Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            9.4.6. Russia & CIS Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            9.4.7. Rest of Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            9.4.8. Rest of Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        9.5. Europe Artificial Lift Systems Market Attractiveness Analysis, by Component

        9.6. Europe Artificial Lift Systems Market Attractiveness Analysis, by System

        9.7. Europe Artificial Lift Systems Market Attractiveness Analysis, by Country and Sub-region

    10. Asia Pacific Artificial Lift Systems Market Overview

        10.1. Key Findings

        10.2. Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

        10.3. Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        10.4. Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country and Sub-region 

            10.4.1. China Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027 

            10.4.2. China Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027 

            10.4.3. India Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component

            10.4.4. India Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027 

            10.4.5. ASEAN Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component

            10.4.6. ASEAN Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027 

            10.4.7. Rest of Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component

            10.4.8. Rest of Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027 

        10.5. Asia Pacific Artificial Lift Systems Market Attractiveness Analysis, by Component

        10.6. Asia Pacific Artificial Lift Systems Market Attractiveness Analysis, by System

        10.7. Asia Pacific Artificial Lift Systems Market Attractiveness Analysis, by Country and Sub-region

    11. Latin America Artificial Lift Systems Market Overview

        11.1. Key Findings

        11.2. Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

        11.3. Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        11.4. Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country and Sub-region 

            11.4.1. Brazil Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            11.4.2. Brazil Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            11.4.3. Mexico Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            11.4.4. Mexico Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            11.4.5. Venezuela Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            11.4.6. Venezuela Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            11.4.7. Rest of Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            11.4.8. Rest of Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        11.5. Latin America Artificial Lift Systems Market Attractiveness Analysis, by Component

        11.6. Latin America Artificial Lift Systems Market Attractiveness Analysis, by System

        11.7. Latin America Artificial Lift Systems Market Attractiveness Analysis, by Country and Sub-region

    12. Middle East & Africa Artificial Lift Systems Market Overview

        12.1. Key Findings

        12.2. Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

        12.3. Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        12.4. Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country and Sub-region

            12.4.1. GCC Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            12.4.2. GCC Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            12.4.3. Nigeria Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            12.4.4. Nigeria Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

            12.4.5. Rest of Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

            12.4.6. Rest of Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

        12.5. Middle East & Africa Artificial Lift Systems Market Attractiveness Analysis, by Component

        12.6. Middle East & Africa Artificial Lift Systems Market Attractiveness Analysis, by System

        12.7. Middle East & Africa Artificial Lift Systems Market Attractiveness Analysis, by Country and Sub-region

    13. Competition Landscape

        13.1. Competition Matrix

        13.2. Global Artificial Lift Systems Market Share Analysis, by Company (2018)

        13.3. Market Footprint Analysis

        13.4. Company Profiles

            13.4.1. Schlumberger Limited   

                13.4.1.1. Company Details

                13.4.1.2. Company Description

                13.4.1.3. Business Overview

                13.4.1.4. Financial Details

                13.4.1.5. Strategic Overview/Recent Developments

            13.4.2. Superior Energy Services, Inc.

                13.4.2.1. Company Details

                13.4.2.2. Company Description

                13.4.2.3. Business Overview

                13.4.2.4. Financial Details

                13.4.2.5. Strategic Overview/Recent Developments

            13.4.3. National Oilwell Varco  

                13.4.3.1. Company Details

                13.4.3.2. Company Description

                13.4.3.3. Business Overview

                13.4.3.4. Financial Details

                13.4.3.5. Strategic Overview/Recent Developments

            13.4.4. Baker Hughes, a GE Company (BHGE)

                13.4.4.1. Company Details

                13.4.4.2. Company Description

                13.4.4.3. Business Overview

                13.4.4.4. Financial Details

                13.4.4.5. Strategic Overview/Recent Developments

            13.4.5. Halliburton Inc. 

                13.4.5.1. Company Details

                13.4.5.2. Company Description

                13.4.5.3. Business Overview

                13.4.5.4. Financial Details

                13.4.5.5. Strategic Overview/Recent Developments

            13.4.6. Weatherford International Plc. 

                13.4.6.1. Company Details

                13.4.6.2. Company Description

                13.4.6.3. Business Overview

                13.4.6.4. Financial Details

                13.4.6.5. Strategic Overview/Recent Developments

            13.4.7. Borets International Limited     

                13.4.7.1. Company Details

                13.4.7.2. Company Description

                13.4.7.3. Business Overview

                13.4.7.4. Financial Details

                13.4.7.5. Strategic Overview/Recent Developments

            13.4.8. Apergy Corporation  

                13.4.8.1. Company Details

                13.4.8.2. Company Description

                13.4.8.3. Business Overview

                13.4.8.4. Financial Details

                13.4.8.5. Strategic Overview/Recent Developments

            13.4.9. Occidental Petroleum Corporation

                13.4.9.1. Company Details

                13.4.9.2. Company Description

                13.4.9.3. Business Overview

                13.4.9.4. Financial Details

                13.4.9.5. Strategic Overview/Recent Developments

            13.4.10. Flowco Production Solutions

                13.4.10.1. Company Details

                13.4.10.2. Company Description

                13.4.10.3. .Business Overview

            13.4.11. Novomet  

                13.4.11.1. Company Details

                13.4.11.2. Company Description

                13.4.11.3. Business Overview

            13.4.12. OiLSERV 

                13.4.12.1. Company Details

                13.4.12.2. Company Description

                13.4.12.3. Business Overview

    14. Primary Research – Key Insights

    15. Appendix

        15.1. Research Methodology and Assumptions

    List of Tables

    Table 01: Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 02: Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 03: Global Artificial Lift Systems Market Value (US$ Mn) Forecast, by Region, 2018–2027

    Table 04: North America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 05: North America Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 06: North America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country, 2018–2027

    Table 07: U.S. Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 08: U.S. Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 09: Canada Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 10: Canada Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 11: Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 12: Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 13: Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2018–2027

    Table 14: Norway Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 15: Norway Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 16: U.K. Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 17: U.K. Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 18: Russia & CIS Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 19: Russia & CIS Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 20: Rest of Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 21: Rest of Europe Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 22: Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 23: Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 24: Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2018–2027

    Table 25: China Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 26: China Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 27: India Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 28: India Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 29: ASEAN Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 30: ASEAN Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 31: Rest of Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 32: Rest of Asia Pacific Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 33: Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 34: Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 35: Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2018–2027

    Table 36: Brazil Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 37: Brazil Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 38: Mexico Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 39: Mexico Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 40: Venezuela Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 41: Venezuela Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 42: Rest of Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 43: Rest of Latin America Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 44: Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 45: Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 46: Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2018–2027

    Table 47: GCC Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 48: GCC Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 49: Nigeria Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 50: Nigeria Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    Table 51: Rest of Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by Component, 2018–2027

    Table 52: Rest of Middle East & Africa Artificial Lift Systems Market Value (US$ Mn) Forecast, by System, 2018–2027

    List of Figures

    Figure 01: Global Artificial Lift Systems Market Value Share Analysis, by Component

    Figure 02: Global Artificial Lift Systems Market Attractiveness Analysis, by Component

    Figure 03: Global Artificial Lift Systems Market Value Share Analysis, by System

    Figure 04: Global Artificial Lift Systems Market Attractiveness Analysis, by System

    Figure 05: Global Artificial Lift Systems Market Value Share Analysis, by Region

    Figure 06: Global Artificial Lift Systems Market Attractiveness Analysis, by Region

    Figure 07: North America Artificial Lift Systems Market Value (US$ Mn), 2018–2027

    Figure 08: North America Artificial Lift Systems Market Value Share Analysis, by Country

    Figure 09: North America Artificial Lift Systems Market Attractiveness Analysis, by Country

    Figure 10: North America Artificial Lift Systems Market Value Share Analysis, by Component

    Figure 11: North America Artificial Lift Systems Market Attractiveness Analysis, by Component

    Figure 12: North America Artificial Lift Systems Market Value Share Analysis, by System

    Figure 13: North America Artificial Lift Systems Market Attractiveness Analysis, by System

    Figure 14: Europe Artificial Lift Systems Market Value (US$ Mn), 2018–2027

    Figure 15: Europe Artificial Lift Systems Market Value Share Analysis, by Country and Sub-region

    Figure 16: Europe Artificial Lift Systems Market Attractiveness Analysis, by Country and Sub-region

    Figure 17: Europe Artificial Lift Systems Market Value Share Analysis, by Component

    Figure 18: Europe Artificial Lift Systems Market Attractiveness Analysis, by Component

    Figure 19: Europe Artificial Lift Systems Market Value Share Analysis, by System

    Figure 20: Europe Artificial Lift Systems Market Attractiveness Analysis, by System

    Figure 21: Asia Pacific Artificial Lift Systems Market Value (US$ Mn), 2018–2027

    Figure 22: Asia Pacific Artificial Lift Systems Market Value Share Analysis, by Country and Sub-region 

    Figure 23: Asia Pacific Artificial Lift Systems Market Attractiveness Analysis, by Country and Sub-region

    Figure 24: Asia Pacific Artificial Lift Systems Market Value Share Analysis, by Component

    Figure 25: Asia Pacific Artificial Lift Systems Market Attractiveness Analysis, by Component

    Figure 26: Asia Pacific Artificial Lift Systems Market Value Share Analysis, by System

    Figure 27: Asia Pacific Artificial Lift Systems Market Attractiveness Analysis, by System

    Figure 28: Latin America Artificial Lift Systems Market Value (US$ Mn), 2018–2027

    Figure 29: Latin America Artificial Lift Systems Market Share Analysis, by Country and Sub-region

    Figure 30: Latin America Artificial Lift Systems Market Attractiveness Analysis, by Country and Sub-region

    Figure 31: Latin America Artificial Lift Systems Market Value Share Analysis, by Component

    Figure 32: Latin America Artificial Lift Systems Market Attractiveness Analysis, by Component

    Figure 33: Latin America Artificial Lift Systems Market Share Analysis, by System

    Figure 34: Latin America Artificial Lift Systems Market Attractiveness Analysis, by System

    Figure 35: Middle East & Africa Artificial Lift Systems Market Value (US$ Mn), 2018–2027

    Figure 36: Middle East & Africa Artificial Lift Systems Market Value Share Analysis, by Country and Sub-region

    Figure 37: Middle East & Africa Artificial Lift Systems Market Attractiveness Analysis, by Country and Sub-region

    Figure 38: Middle East & Africa Artificial Lift Systems Market Value Share Analysis, by Component

    Figure 39: Middle East & Africa Artificial Lift Systems Market Attractiveness Analysis, by Component

    Figure 40: Middle East & Africa Artificial Lift Systems Market Value Share Analysis, by System

    Figure 41: Middle East & Africa Artificial Lift Systems Market Attractiveness Analysis, by System

    Figure 42: Global Artificial Lift Systems Market Share Analysis, by Company, 2018

    Figure 43: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 44: Breakdown of Revenue, by Region, 2018

    Figure 45: Breakdown of Revenue, by Business Segment, 2018

    Figure 46: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 47: Breakdown of Revenue, by Region, 2018

    Figure 48: Breakdown of Revenue, by Business Segment, 2018

    Figure 49: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 50: Breakdown of Revenue, by Region, 2018

    Figure 51: Breakdown of Revenue, by Business Segment, 2018

    Figure 52: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 53: Breakdown of Revenue, by Region, 2018

    Figure 54: Breakdown of Revenue, by Business Segment, 2018

    Figure 55: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 56: Breakdown of Revenue, by Region, 2018

    Figure 57: Breakdown of Revenue, by Business Segment, 2018

    Figure 58: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 59: Breakdown of Revenue, by Region, 2018

    Figure 60: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 61: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 62: Breakdown of Revenue, by Region, 2018

    Figure 63: Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2018

    Figure 64: Breakdown of Revenue, by Region, 2018

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Artificial Lift Systems Market

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