Global Artificial Lift System Market Research Report – Insights, Opportunity Analysis & Forecasts to 2023 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Artificial Lift System Market Research Report Insights, Opportunity
Analysis, Market Shares and Forecast, 2017 – 2023" report has
been added to Research and Markets' offering.

The global artificial lift system market is expected to rise at a CAGR
4.91 % during the forecast period 2016-2023.

Artificial lift systems are being extensively used by industrial sector
and commercial sector due to its advantages. Some of them includes
simple system design, analyzable, can be deployed in offshore platforms
etc. The increasing demand of energy across the world, increasing heavy
oil production, increasing shale gas production, improving production
efficiencies is driving the global artificial lift system market.

North America is the largest market region for global artificial lift
system market and had accounted for largest market revenue share in
2016. The key factor driving the growth in North America is the ongoing
advancements in the fields of shale gas recovery and availability of low
pressure oil production wells in the North America. Furthermore, the
United States is expected to witness massive growth in the consumption
of unconventional resources such as tight oil, shale oil, etc. which
would lead to the increased demand for artificial lifts system in North
America.

However, Asia Pacific is expected to emerge as the fastest growing
market region with a CAGR of 6% during the forecast period. This is due
to the increasing number of commercial activities in APAC region along
with increased expenditure on infrastructure development, which is
expected to result in an increased demand for petroleum products,
thereby driving the market growth in APAC.

Companies Mentioned

• Baker Hughes Inc. (U.S.)
• Borets Company Llc (Russia)
• Dover Corporation (U.S.)
• Flotek Industries (U.S)
• Ge Oil And Gas (U.K.)
• Halliburton (U.S.)
• J&J Technical Services (U.S.)
• John Crane Group (U.S.)
• National Oil Varco, Inc. (U.S.)
• Novomet (Russia)
• Schlumberger Nv(U.S.)
• Superior Energy Services (U.S.)
• Tenaris Sa (Luxembourg.)
• Torqueflow-Sydex Ltd (U.K.)
• Weatherford Plc (U.S)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/7cqbt5/global_artificial

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Related
Topics: Oilfield
Equipment and Services