The report "Artificial Lift Systems Market, by Types (ESP, PCP, Rod Lift), by Component (Pump, Motor, Separator, Cable, Pump Jack, Sucker Rod), by Countries (U.S.,
Browse 3 Market Data Tables and 48 Figures spread through 137 Slides and in-depth TOC on "Artificial Lift Systems Market, by Types (ESP, PCP, Rod Lift), by Component (Pump, Motor, Separator, Cable, Pump Jack, Sucker Rod), by Countries (U.S.,
Early buyers will receive 10% customization on this report.
The Electric submersible pump system market of
Electric Submersible Pump - Biggest Component Market of Artificial Lift
Electric submersible pump market is anticipated to be a leader within artificial lift market with respect to the market revenue.
U.S. - Largest Replacement Demand of Sucker Rods from the Installed Base of Rod Lift
U.S. rod lift market, being the biggest market world-over, accounted for about 50.8% of the global rod lift market in 2012 and is estimated to grow at a CAGR of 6.7% for the period of 2013 and 2018. U.S. is witnessing high growth in unconventional oil production such as shale oil, tight oil, and growing marginal well count, which support future demand for rod lifts and its components. The growth in rod lift installed base provides sustainability to sucker rod industry and with the biggest installed base, U.S. rod lift sucker rod market is expected to show the growth rate of 8.0% for the same period.
Increasing deep & ultra-deep offshore and heavy oil production, enhanced production requirements in mature fields, growing activities of subsea operations, coal bed methane production, and mounting installed base of artificial lifts drive the Artificial Lift Systems Market. Redevelopment of the old & marginal fields and booming subsea operations promise future growth to artificial lift components manufacturers.
Browse Related Reports
Artificial Lift Market: by Types (Rod Lift, ESP, PCP, Gas Lift) & Geography - Global Trends & Forecasts to 2018
Coiled Tubing Market by Services [Well Intervention (Well Completion & Well Cleaning) & Drilling], Active Fleet & by Geography - Global Trends & Forecasts to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, Agriculture Industry, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Most Popular Stories
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Allstate Seeks to Invest in Minority Firms
- SpaceX's Satellite Launch Is 'Game-Changer'
- Latin Music Conference Turns 25
- U.S. Growth Stayed Steady During Shutdown, Fed Says
- Newtown Massacre Heard on 911 Recordings
- Climate Change Early Warning System Urged
- Guardian Pressured to Stop NSA Stories: Editor
- New Home Sales Shoot up 25 Percent in October
- Reid Confident Congress to Pass Immigration Bill