Artificial Lift Systems Market Share and Key Trends 2016-2026 FMI | Page 4

Report
Description
Report Description
Artificial Lift Systems Market: Segmentation
The global artificial lift systems market has been segment on the basis of geography as
well as on the basis of actuation mode used for artificial lift system. On the basis of
actuation mode, the global artificial lift systems market has been segmented into pump
assisted artificial lift system and gas assisted artificial lift system. The pump assisted
artificial lift systems market has been further divided into four different systems, which
include Rod Pump, Hydraulic Piston System, Electrical Submersible Pump (ESP), and
Progressive Cavity Pump. Further the gas assisted artificial lift system has been further
segmented into two different types of systems – Gas Lift and Plunger Lift. Within the
artificial lift systems market, rod pump has been the oldest types of methods that has
been used across the industry. However, other artificial lift systems are expected to gain
traction in the global artificial lift systems market in coming years.
In terms of geography, the global artificial lift system has been segmented into seven key
geographical regions, which include, North America, Latin America, Western Europe,
Eastern Europe, Asia Pacific (excluding Japan), Middle East & Africa, Japan. The artificial
lift system has witnessed a larger market share, in terms of revenue, as compare d to
other regions across the globe. Increasing mature fields in regions such as Middle East, is
expected to drive the market for artificial lift systems through the forecast period.
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