Uploaded on Feb 18, 2021
Artificial Lift Systems Market is expected to reach USD 17.11 billion by 2027
Artificial Lift Systems Market Analysis by Top Players, Size, Share and Forecast to 2027
Artificial Lift Systems Market– Industry
Trends and Analysis by 2027
Global Artificial Lift Systems Market By Type (Rod lift, ESP, PCP,
Plunger, Gas lift, Others), Component (Pump, Motor, Cable
System, Drive Head, Separator, Pump JACK, Sucker Rod, Gas-Lift
Valves, Gas-Lift Mandrels, Controller), Application (Oil, Gas),
Mechanism (Positive Displacement, Dynamic Displacement, Gas
Assisted), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of
South America, Germany, Italy, U.K., France, Spain, Egypt, Israel,
Rest of Middle East and Africa), Industry Trends and Forecast to
2027.
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Report Description
Artificial lift systems market is expected to reach USD 17.11 billion by
2027 witnessing market growth at a rate of 7.90% in the forecast period
of 2020 to 2027.
Surging demand of energy across the globe, provision of improved
production efficiencies at mature fields, rising production of ultra-deep
offshore oil are some of the factors that will enhance the growth of the
artificial lift systems market in the forecast period of 2020-2027.
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Major Key Players
Some of the major players operating in this market are :
Baker Hughes
National Oilwell Varco
Weatherford
Halliburton
Dover Corporation
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Market Segmentation
• By Type (Rod lift, ESP, PCP, Plunger, Gas lift, Others)
• By Component (Pump, Motor, Cable System, Drive Head, Separator, Pump
JACK, Sucker Rod, Gas-Lift Valves, Gas-Lift Mandrels, Controller)
• By Application (Oil, Gas)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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