Artificial Lift Systems Market Worth $10.99 Bn in 2017

Monday 20 February 2017, Amsterdam

This new 162 page, now available on ASDReports, Artificial Lift Systems Market Report 2017-2027: Forecasts ($bn) by Oil & Gas Exploration & Production (E&P) Area of Deployment (Onshore, Offshore), by Type of Installation (Electric Submersible Pump (ESP), Progressive Cavity Pump (PCP), Rod Pump, Other (Including Analysis of Gas Lift, Plunger Lift, Hydraulic Piston Pump) by Regions (North America, Europe, Asia-Pacific, Middle East, Africa, South America) Plus 17 Countries indicates that the artificial lift systems market will generate revenues of $10.99bn in 2017.

An Oil and Gas industry analyst at visiongain said: “A major rebound in crude oil and gas prices is expected to come from verified compliance of agreed production cuts by the Members of the Organization of Petroleum Exporting Countries’ (OPEC). The rebound in oil and gas prices will lead to rise in optimism across the industry and will boost the CAPEX by oil and gas companies. This will lead to rise in demand for oilfield services which will in turn have a knock on effect on the demand for the artificial lift systems”

The detailed report contains 120 tables, charts and graphs that add visual analysis in order to explain developing trends within the artificial lift systems market. Visiongain provides forecasts for the period 2017-2027 in terms of revenues for the global market, as well as for 6 regional markets (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), with a further breakdown of 17 leading countries within these regions.

Furthermore, the report also includes forecasts for the period 2017-2027 for the four submarkets segmented by installation, including; Electric Submersible Pump (ESP). Progressive Cavity Pump (PCP), Rod Pump, and Other Systems including; Gas List, Plunger Lift, Hydraulic Piston Pump and also reveals segmentation by areas of deployment – Onshore and Offshore drilling landscapes.

In addition, the report contains a dedicated leading companies’ chapter including extensive profiles, financials, recent developments and business strategies for the 9 leading companies operating within the market including Baker Hughes Inc., Halliburton Company, Schlumberger Ltd., Weatherford International Plc.,GE Oil & Gas, Borets Company LLC., National Oilwell Varco Inc.Dover Artificial Lift, Flotek Industries Inc.