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To provide detailed information regarding major factors influencing the growth of the
artificial lift market (drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze the artificial lift market with respect to individual growth trends,
future prospects, and contribution of each segment to the market
To strategically profile key players and comprehensively analyze their market shares and
core competencies
To track and analyze competitive developments such as contracts & agreements,
expansions, new product developments, 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, 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, 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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