The
report discusses the factors impacting this market across the globe.
It sheds light on growing deepwater oil production activities that
are expected to add to the demand for artificial lift systems market.
The report highlights the strengths, weaknesses, opportunities, and
threats in the global artificial lift systems market with the help of
a SWOT analysis.
In-depth
research report on Artificial Lift Systems Market with
Full TOC at :
http://www.transparencymarketresearch.com/artificial-lift-system-market.html
According
to the research report, the global artificial lift systems market was
worth US$13.0 bn in 2013 and will be worth US$19.8 bn by 2020,
exhibiting a CAGR of 6.20% from 2014 to 2020. This remarkable growth
will be attributable to the discovery of shale gas in various parts
of the world and positive investor sentiment about this sector.The
global artificial lift systems market is segmented on the basis of
products and geography. By product type, this market has been divided
into electrical submersible pump, progressive cavity pump, rod lift,
hydraulic pump, gas lift, and plunger lift. On the basis of
geography, the market is segmented into Europe, Asia Pacific, North
America, and Rest of the World.
Out
of these products, the electrical submersible pumps segment will lead
the global artificial lift systems market. This segment dominated the
market, accounting for a market share of 42% in 2013. These pumps are
primarily used for artificial lift systems deployed for lifting
mammoth volumes of crude oil at offshore and onshore wells.Amongst
the regional markets, Europe is expected to witness a boom due to the
recent discovery of shale gas in countries such as Poland, Spain, and
Denmark. In the near future, Poland is expected to be the leading
exporter of natural gas due to huge reserves of shale gas in the
country. Countries in the Rest of the World segment will also make a
significant contribution to the growth of artificial lift systems as
offshore activities continue to rise in Mozambique, Tanzania, and
Egypt. Currently, the Middle East remains at the forefront of all
export activities related to crude oil.
In
the coming years, Asia Pacific is expected to fuel the growth of the
artificial lift systems market due to massive demand for energy from
countries such as India and China. Growing industrial development,
increasing population, and rise in manufacturing activities will also
accelerate the demand for artificial lift systems in the Asia Pacific
region.
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further inquiries, click here :
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The
research report about the global artificial lift systems market
profiles some of the key players such as Kudu Industries, Baker
Hughes, Borets Company, Dover Artificial Lift, and Halliburton
Company. This chapter gives an insight into each company’s profile,
research and development activities, investment plans, and outlook
for the near future.
The
global artificial lift system market has been segmented as follows:
Artificial
Lift Systems Market: Product Type Analysis
- Electrical submersible pump
- Rod lift
- Progressive cavity pump
- Hydraulic pump
- Gas lift
- Plunger lift
Artificial
Lift Systems Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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