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The global artificial lift market is projected to grow at a CAGR of 4.91% from 2016 to 2021 Michael Frolik Jersey Youth , to reach a market size of USD 9.69 Billion by 2021. This growth is attributed to increasing oil & gas production from unconventional resources such as shale gas, heavy oil, and tight oil.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the artificial lift market. These players include Schlumberger Limited (U.S.), Weatherford International plc (Switzerland) Noah Hanifin Jersey Youth , Baker Hughes Incorporated (U.S.), General Electric Company (U.S.), and Halliburton Company (U.S.). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Scope of the Report:
鈥?By Type
o Electrical Submersible Pumps
o Rod Lift
o Progressive Cavity Pumps
o Gas Lift
o Others
鈥?By Mechanism
o Pump Assisted
飩?Dynamic Displacement
飩?Positive Displacement
o Gas Assisted
鈥?By Application
o Onshore
o Offshore
鈥?By Region
o North America
o Europe
o Asia-Pacific
o South & Central America
o Middle East & Africa
Browse 68 market data tables and 53 figures spread through 143 pages and in-depth TOC on 鈥淎rtificial Lift Market - Global Forecasts to 2021鈥?br > Download PDF Brochure @
Objectives of the Study
鈥?To define, describe, and forecast the global artificial lift market by type Cam Talbot Jersey Youth , mechanism, application, and region
鈥?To provide detailed information regarding major factors influencing the growth of the artificial lift market (drivers, restraints, opportunities Elias Lindholm Jersey Youth , and industry-specific challenges)
鈥?To strategically analyze the artificial lift market with respect to individual growth trends, future prospects, and contribution of each segment to the market
鈥?To strategically profile key players and comprehensively analyze their market shares and core competencies
鈥?To track and analyze competitive developments such as contracts & agreements, expansions, new product developments Travis Hamonic Jersey Youth , and mergers & acquisitions in the artificial lift market
The onshore segment is expected to hold the largest share of the artificial lift market, by application, during the forecast period
The onshore segment led the artificial lift market in 2015 and is expected to grow at the fastest rate during the forecast period, owing to the increasing demand for artificial lift systems across the globe. This segment is primarily driven by rising production from unconventional sources, and is expected to create new revenue pockets for the artificial lift market during the forecast period.
Pump assisted to be the largest segment in the artificial lift market
With regard to the mechanism segment Sean Monahan Jersey Youth , pump assisted artificial lift mechanisms are expected to be the largest market in 2016. The pumps are used to increase bottom hole pressure of the tubing string in order to lift a sufficient amount of fluid to the surface. The pump assisted mechanism is categorized into positive displacement and dynamic displacement segments. The dynamic displacement segment is the fastest growing segment within the pump assisted artificial lift market.
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North America: The leading market for artificial lift
In this report, the artificial lift market has been analyzed with respect to five regions, namely, North America, Europe Mikael Backlund Jersey Youth , Asia-Pacific, South & Central America, and the Middle East & Africa. North America is expected to dominate the global artificial lift market, given the increasing shale gas production in U.S. and large number of mature oil fields in the region.
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MarketsandMarkets鈩?provides quantified B2B research on 30,000 high growth niche opportunitiesthreats which will impact 70% to 80% of worldwide companies鈥?revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75 TJ Brodie Jersey Youth ,000 top officers across eight industries worldwide approach MarketsandMarkets鈩?for their painpoints around revenues decisions.
MarketsandMarkets鈥檚 flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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