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Artificial Lift System Market Size At Around US$ 18.7 Bn In 2030

The artificial lift systems market would grow at a CAGR of 7.47% over the predicted time frame. The market is expected to increase in value from US$ 10.51 Bn in 2022 to US$ 18.7 Bn in 2030.

Artificial Lift System Market Size 2021 to 2030

The on artificial lift systems Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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Report Scope of the Artificial Lift System Market

Report CoverageDetails
Market Size by 2030USD 18.7 Billion
Growth Rate from 2022 to 2030

CAGR of 7.47%

Largest MarketNorth America 
Fastest Growing RegionAsia Pacific
Base Year2021
Forecast Period2022 to 2030
Segments CoveredType, Component, Application, Mechanism, Well Type, Geography
Companies MentionedGeneral Electric Compa

A recent report provides crucial insights along with application based and forecast information in the Global Artificial lift systems Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Artificial lift systems market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Artificial lift systems market are included as given below:

Artificial lift systems Market Key Players

  • General Electric Company
  • Hitachi, Ltd
  • Man Diesel & Turbo SE
  • Neuman&Esser Group
  • Ebara Corporation
  • Ariel Corporation
  • Mitsubishi Heavy Industries Compressor Corporation
  • Burckhardt Compression Holding AG
  • Atlas Copco Energas GmbH
  • Solar Turbine Inc.

Market Segments

 By Type

  • Pressurized Water Reactor (PWR)
  • Electric Submersible Pumps
  • Gas lift
  • Progressing Cavity Pumps
  • Jet pump
  • Others (hydraulic pumping systems and plunger lift)

By Application

  • Onshore
  • Offshore

By Component

  • Pump
  • Motor
  • Cable System
  • Controller
  • Others

By Mechanism

  • Pump Assisted
  • Gas Assisted

By Well Type

  • Horizontal
  • Vertical

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Report Objectives

  • To define, describe, and forecast the global artificial lift systems market based on product, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
  • To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the artificial lift systems market

Table of Content

 Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Artificial Lift System Market 

5.1. COVID-19 Landscape: Artificial Lift System Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Artificial Lift System Market, By Type

8.1. Artificial Lift System Market, by Type, 2022-2030

8.1.1. Pressurized Water Reactor (PWR)

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Electric Submersible Pumps

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Gas lift

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Progressing Cavity Pumps

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Jet pump

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Others (hydraulic pumping systems and plunger lift)

8.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Artificial Lift System Market, By Application

9.1. Artificial Lift System Market, by Application, 2022-2030

9.1.1. Onshore

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Offshore

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Artificial Lift System Market, By Component

10.1. Artificial Lift System Market, by Component, 2022-2030

10.1.1. Pump

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Motor

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Cable System

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Controller

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Others

10.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Artificial Lift System Market, By Mechanism

11.1. Artificial Lift System Market, by Mechanism, 2022-2030

11.1.1. Pump Assisted

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Gas Assisted

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Artificial Lift System Market, By Well Type

12.1. Artificial Lift System Market, by Well Type, 2022-2030

12.1.1. Horizontal

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Vertical

12.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Artificial Lift System  Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.3. Market Revenue and Forecast, by Component (2017-2030)

13.1.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.1.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.1.6.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.1.7. Market Revenue and Forecast, by Well Type (2017-2030) 

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.8.3. Market Revenue and Forecast, by Component (2017-2030)

13.1.8.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.1.8.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.4. Market Revenue and Forecast, by Mechanism (2017-2030) 

13.2.5. Market Revenue and Forecast, by Well Type (2017-2030) 

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.7. Market Revenue and Forecast, by Mechanism (2017-2030) 

13.2.8. Market Revenue and Forecast, by Well Type (2017-2030) 

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.9.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.9.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.10. Market Revenue and Forecast, by Mechanism (2017-2030)

13.2.11. Market Revenue and Forecast, by Well Type (2017-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.12.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.12.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.12.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.2.13. Market Revenue and Forecast, by Well Type (2017-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.14.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.14.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.14.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.2.15. Market Revenue and Forecast, by Well Type (2017-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.3.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.6.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.3.7. Market Revenue and Forecast, by Well Type (2017-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.8.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.8.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.3.9. Market Revenue and Forecast, by Well Type (2017-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.10.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.10.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.10.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.3.10.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.11.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.11.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.11.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.3.11.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.4.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.6.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.4.7. Market Revenue and Forecast, by Well Type (2017-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.8.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.8.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.4.9. Market Revenue and Forecast, by Well Type (2017-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.10.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.10.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.10.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.4.10.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.11.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.11.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.11.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.4.11.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.3. Market Revenue and Forecast, by Component (2017-2030)

13.5.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.5.5. Market Revenue and Forecast, by Well Type (2017-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.5.6.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.5.7. Market Revenue and Forecast, by Well Type (2017-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.8.3. Market Revenue and Forecast, by Component (2017-2030)

13.5.8.4. Market Revenue and Forecast, by Mechanism (2017-2030)

13.5.8.5. Market Revenue and Forecast, by Well Type (2017-2030)

Chapter 14. Company Profiles

14.1. General Electric Company

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Hitachi, Ltd

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Man Diesel & Turbo SE

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Neuman&Esser Group

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Ebara Corporation

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Ariel Corporation

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Mitsubishi Heavy Industries Compressor Corporation

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Burckhardt Compression Holding AG

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Atlas CopcoEnergas GmbH

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Solar Turbine Inc.

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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