global artificial lift market by lift technology (beam/rod ...€¦ · global artificial lift...

(c) AZOTH Analytics

Global Artificial Lift Market – By Lift Technology (Beam/Rod Lift, Plunger,

Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity

Pump, Others), By Mechanism (Pump Assisted, Gas Assisted), By

Application (Onshore, Offshore), By Region, By Country (2018 Edition):

Forecast to 2023

• By Region (North America, Latin

America, Europe, Asia Pacific,

Middle East & Africa (MENA)

• By Country – United States, Canada,

Mexico, Argentina, Brazil, Russia,

Norway, United Kingdom, China,

India, Indonesia, Saudi Arabia,

Oman & Algeria.

August 2018

(c) AZOTH Analytics

Scope of the Report – Artificial Lift Market

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

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Market (By Value)

By Lift Type, By Value

Beam/Rod Type

Plunger

Gas Lift

Electric Submersible

Pump

Hydraulic

Progressive Cavity Pump

Others

By Mechanism, By Value

Pump assisted

Gas assisted

By Application offshore

onshore

Weatherford, Schlumberger, Baker Hughes, a G.E company, Borets International ltd., Dover Corporation, Halliburton, National Oil Varco, Novomet

Company Analysis

Regional Analysis North America, Latin America, Europe, APAC, MENA

Country Analysis USA, Canada, Mexico, Argentina, Brazil, Russia, Norway, United Kingdom, China, India, Indonesia, Saudi Arabia, Oman, Algeria

Historical Forecast

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Table of Content

S.No Particulars Page No.

1. Research Methodology 24

2. Executive Summary 25

3. Strategic Recommendation 26

3.1 Cost and Capital structure improvements 27

3.2 Expand demographic network to gain market share and dodge the competition 28

4. Global Oil & Gas Industry Scenario 29

5. Global Artificial Lift Market Environment 35

6. Global Artificial Lift Market : Growth and Forecast 46

6.1 Global Artificial Lift Market : By Value (2013-2017) 47

6.2 Global Artificial Lift Market : By Value (2018-2023) 49

7. Global Artificial Lift Market - Segmental Breakdown 52

7.1 Global Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

52

7.2 Global Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 53

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S. No Particulars Page No.

7.3 Global Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 54

7.4 Global Artificial Lift Market -By Regional Analysis, By Value- (2013-2023) 56

8. North America Artificial Lift Market: 58

8.1. North America Artificial Lift Market Size- By Value (2013-2017) 59

8.2 North America Artificial Lift Market Size- By Value (2018-2023) 61

8.3 North America Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

62

8.4 North America Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 63

8.5 North America Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 64

8.6 North America Oil & Gas sector statistics 65

9 North America Artificial Lift Market: By Country Analysis 66

9.1 United States Artificial Lift Market Size- By Value (2013-2023) 68

9.2 United States Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

69

9.3 United States Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 70

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9.4 United States Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 71

9.5 United States Oil & Gas sector statistics 72

9.6 Canada Artificial Lift Market Size- By Value (2013-2023) 74

9.7 Canada Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

76

9.8 Canada Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 77

9.9 Canada Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 78

9.10 Canada Oil & Gas sector statistics 80

10. Latin America Artificial Lift Market: 81

10.1 Latin America Artificial Lift Market Size- By Value (2013-2017) 82

10.2 Latin America Artificial Lift Market Size- By Value (2018-2023) 83

10.3 Latin America Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

84

10.4 Latin America Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 85

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10.5 Latin America Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 86

10.6 Latin America Oil & Gas sector statistics 87

11 Latin America Artificial Lift Market: By Country Analysis 88

11.1 Mexico Artificial Lift Market Size- By Value (2013-2023) 90

11.2 Mexico Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

91

11.3 Mexico Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 92

11.4 Mexico Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 93

11.5 Mexico Oil & Gas sector statistics 94

11.4 Argentina Artificial Lift Market Size- By Value (2013-2023) 97

11.5 Argentina Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

99

11.6 Argentina Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 100

11.7 Argentina Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 101

11.8 Argentina Oil & Gas sector statistics 102

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11.6 Brazil Artificial Lift Market Size- By Value (2013-2023) 104

11.7 Brazil Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

105

11.8 Brazil Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 106

11.9 Brazil Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 107

11.10 Brazil Oil & Gas sector statistics 108

11.11 Rest of Latin America Artificial Lift Market Size- By Value (2013-2023) 111

11.12 Rest of Latin America Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

112

11.13 Rest of Latin America Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023)

113

11.14 Rest of Latin America Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 114

12. Europe Artificial Lift Market: 115

12.1 Europe Artificial Lift Market Size- By Value (2013-2017) 116

12.2 Europe America Artificial Lift Market Size- By Value (2018-2023) 118

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12.3 Europe Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

119

12.4 Europe Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 120

12.5 Europe Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023)

121

13. Europe Artificial Lift Market: By Country Analysis

122

13.1 Russia Artificial Lift Market Size- By Value (2013-2023)

123

13.2 Russia Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

124

13.3 Russia Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023)

125

13.4 Russia Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023)

126

13.5 Russia Oil & Gas sector statistics

127

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13.6 Norway Artificial Lift Market Size- By Value (2013-2023)

132

13.7 Norway Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

133

13.8 Norway Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023)

134

13.9 Norway Artificial Lift Market -By Application (Offshore), By Value- (2013-2023)

135

13.10 Norway Oil & Gas sector statistics

138

13.11 United Kingdom Artificial Lift Market Size- By Value (2013-2023)

140

13.12 United Kingdom Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

141

13.13 United Kingdom Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023)

142

13.14 United Kingdom Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023)

143

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13.16 Rest of Europe Artificial Lift Market Size- By Value (2013-2023) 147

13.17 Rest of Europe Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

148

13.18 Rest of Europe Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 149

13.19 Rest of Europe Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 150

14. Asia Pacific Artificial Lift Market: 151

14.1 Asia Pacific Artificial Lift Market Size- By Value (2013-2017) 152

14.2 Asia Pacific Artificial Lift Market Size- By Value (2018-2023) 153

14.3 Asia Pacific Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

154

14.4 Asia Pacific Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 155

14.5 Asia Pacific Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 156

14.6 Asia Pacific Oil & Gas sector statistics 157

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15. Asia Pacific Artificial Lift Market: By Country Analysis 158

15.1 China Artificial Lift Market Size- By Value (2013-2023) 160

15.2 China Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

161

15.3 China Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 162

15.4 China Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 163

15.5 China Oil & Gas sector statistics 164

15.6 India Artificial Lift Market Size- By Value (2013-2023) 167

15.7 India Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

168

15.8 India Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 169

15.9 India Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 170

15.10 India Oil & Gas sector statistics 171

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15.11 Indonesia Artificial Lift Market Size- By Value (2013-2023) 173

15.12 Indonesia Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

174

15.13 Indonesia Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 175

15.14 Indonesia Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 176

15.15 Indonesia Oil & Gas sector statistics 177

15.16 Rest of APAC Artificial Lift Market Size- By Value (2013-2023) 179

15.17 Rest of APAC Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

180

15.18 Rest of APAC Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 181

15.19 Rest of APAC Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 182

16. MENA Artificial Lift Market: 183

16.1 MENA Artificial Lift Market Size- By Value (2013-2017) 184

16.2 MENA Artificial Lift Market Size- By Value (2018-2023) 185

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16.3 MENA Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

186

16.4 MENA Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 187

16.5 MENA Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 188

16.6 MENA Oil & Gas sector statistics 189

17. MENA Artificial Lift Market: By Country Analysis 190

17.1 Saudi Arabia Artificial Lift Market Size- By Value (2013-2023) 191

17.2 Saudi Arabia Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

192

17.3 Saudi Arabia Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 193

17.4 Saudi Arabia Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 194

17.5 Saudi Arabia Oil & Gas sector statistics 196

17.6 Algeria Artificial Lift Market Size- By Value (2013-2023) 199

17.7 Algeria Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

200

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17.8 Algeria Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 201

17.9 Algeria Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 202

17.10 Algeria Oil & Gas sector statistics 204

17.11 Oman Artificial Lift Market Size- By Value (2013-2023) 206

17.12 Oman Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

207

17.13 Oman Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 208

17.14 Oman Artificial Lift Market -By Application (Onshore), By Value- (2013-2023) 209

17.15 Oman Oil & Gas sector statistics 210

17.16 Rest of MENA Artificial Lift Market Size- By Value (2013-2023) 212

17.17 Rest of MENA Artificial Lift Market -By Application Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others ), By Value (2013-2023)

213

17.18 Rest of MENA Artificial Lift Market -By Mechanism (Pump assisted, Gas assisted), By Value (2013-2023) 214

17.19 Rest of MENA Artificial Lift Market -By Application (Onshore, offshore), By Value- (2013-2023) 215

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Table of Content


18 Market Dynamics 216

18.1 Global Artificial Lift Market Growth Drivers 217

18.2 Global Artificial Lift Market Challenges 222

18.3 Global Artificial Lift Market Trends 225

19 Competitive Landscape 228

19.1 Porter’s Five Force Model 229

19.2 SWOT Analysis 231

20 Company Profiling 233

20.1 Weatherford 234

20.2 Schlumberger 237

20.3 Baker Hughes, a G.E company 240

20.4 Borets International limited 243

20.5 Dover Corporation 245

20.6 Halliburton 248

20.7 National Oil Varco 251

20.8 Novomet 254

21 About Us 255

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List of Figures

Figure No. Figure Title Page No.

Figure 1: Annual Average Brent Crude oil Price (USD), 2012-2017 30

Figure 2: Global Upstream Capital Expenditure (USD Billion): 2012-2017E 32

Figure 3: Global Artificial Lift Market Size, By Value, 2013-2017 (USD Million) 47

Figure 4: Global Oilfield Equipment & Services Market , By Value, 2013-2017 (USD Billion) 48

Figure 5: Global Average Rig Counts, 2012-2017 48

Figure 6: Global Artificial Lift Market Size, By Value, 2018-2023 (USD Million) 49

Figure 7: Global Artificial Lift Market , Growth Rate percentage (Year on Year), 2013-2023F 50

Figure 8: Relationship between Crude Oil Prices and Rig Counts 51

Figure 9: Global Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 52

Figure 10: Global Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 53

Figure 11: Global Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 54

Figure 12: Global Artificial Lift Market Size, By Region, 2017 (%) 56

Figure 13: Global Artificial Lift Market Size, By Region, 2023 (%) 57

Figure 14: North America Artificial Lift Market Size, By Value, 2013-2017 (USD Million) 59

Figure 15: North America Artificial Lift Market Size, By Value, 2018-2023 (USD Million) 61

Figure 16: North America Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 62

Figure 17: North America Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 63

Figure 18: North America Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 64

Figure 19: North America Natural Gas Production (Billion Cubic Meter), 2013-2017 65

Figure 20: North America Crude oil Production (Thousand Barrels per day), 2013-2017 65

Figure 21: Total North America’s Rig Counts, 2012-2017 65

Figure 22: United States Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 68

Figure 23: United States Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 69

Figure 24: United States Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 70

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List of Figures Figure No. Figure Title Page No.

Figure 25: United States Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 71

Figure 26: United States Natural Gas Production (Billion Cubic Meters), 2013-2017 72

Figure 27: United States Crude oil Production (Thousand Barrels per day), 2013-2017 72

Figure 28: United States Rig counts, 2012-2017 72

Figure 29: Canada Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 74

Figure 30: Canada Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 76

Figure 31: Canada Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 77

Figure 32: Canada Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 78

Figure 33: Canada Natural Gas Production (Billion Cubic Meters), 2013-2017 80

Figure 34: Canada Crude oil Production (Million Tonnes), 2013-2017 80

Figure 35: Canada Rig counts, 2012-2017 80

Figure 36: Latin America Artificial Lift Market Size, By Value, 2013-2017 (USD Million) 82

Figure 37: Latin America Artificial Lift Market Size, By Value, 2018-2023 (USD Million) 83

Figure 38: Latin America Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 84

Figure 39: Latin America Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 85

Figure 40: Latin America Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 86

Figure 41: Latin America Natural Gas Production (Billion Cubic Meter), 2013-2017 87

Figure 42: Latin America oil Production (Thousand Barrels per day), 2013-2017 87

Figure 43: Latin America Rig Count, 2013-2017 87

Figure 44: Mexico Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 90

Figure 45: Mexico Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 91

Figure 46: Mexico Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 92

Figure 47: Mexico Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 93

Figure 48: Mexico Natural Gas Production (Billion Cubic Meters), 2013-2017 94

Figure 49: Mexico crude oil Production (Thousand Barrels per day), 2013-2017 94

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Figure 50: Average operating wells, (Q1-2016 TO Q1-2017) 94

Figure 51: Argentina Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 97

Figure 52: Argentina Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 99

Figure 53: Argentina Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 100

Figure 54: Argentina Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 101

Figure 55: Argentina Natural Gas Production (Billion Cubic Meter), 2013-2017 102

Figure 56: Argentina oil Production (Thousand Barrels per day), 2013-2017 102

Figure 57: Brazil Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 104

Figure 58: Brazil Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 105

Figure 59: Brazil Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 106

Figure 60: Brazil Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 107

Figure 61: Brazil Natural Gas Production (Billion Cubic Meters), 2013-2017 108

Figure 62: Brazil crude oil Production (Thousand Barrels per day), 2013-2017 108

Figure 63: Concluded Exploratory Wells during 2013-2017 108

Figure 64: Brazil government’s expected investment in 2018, By Sectors 109

Figure 65: Rest of Latin America Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 111

Figure 66: Rest of Latin America Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 112

Figure 67: Rest of Latin America Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 113

Figure 68: Rest of Latin America Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 114

Figure 69: Europe Artificial Lift Market Size, By Value, 2013-2017 (USD Million) 116

Figure 70: Europe’s Energy Mix comparison between 2013 & 2040 117

Figure 71: Europe Exploration Drilling in 2015 117

Figure 72: Europe Artificial Lift Market Size, By Value, 2018-2023 (USD Million) 118

Figure 73: Europe Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 119

Figure 74: Europe Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 120

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Figure 75: Europe Artificial LiftMarket: By Application, By Value, 2013-2023 (USD Million) 121

Figure 76: Russia Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 123

Figure 77: Russia Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 124

Figure 78: Russia Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 125

Figure 79: Russia Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 126

Figure 80: Russia Natural Gas Production (Billion Cubic Meters), 2013-2017 127

Figure 81: Russia crude oil Production (Thousand Barrels per day), 2013-2017 127

Figure 82: Number of Hydraulic Fracturing operations, 2014-2017 127

Figure 83: Horizontal Drilling Volumes, (Million Meter) 2014-2017 127

Figure 84: Norway Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 132

Figure 85: Norway Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 133

Figure 86: Norway Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 134

Figure 87: Norway Artificial Lift Market: By Application, By Value 2013-2023 (USD Million) 135

Figure 88: Norway Natural Gas Production (Billion Cubic Meter), 2012-2016 138

Figure 89: Norway oil Production (Thousand Barrels per day), 2012-2016 138

Figure 90: Number of exploration Wells, 2012-2016 138

Figure 91: Investment in Norwegian Oil & Gas sector, 2012-2017 (USD Billion) 138

Figure 92: United Kingdom Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 140

Figure 93: United Kingdom Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 141

Figure 94: United Kingdom Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 142

Figure 95: United Kingdom Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 143

Figure 96: United Kingdom Natural Gas Production (Billion Cubic Meters), 2012-2016 145

Figure 97: United Kingdom crude oil Production (Thousand Barrels per day), 2012-2016 145

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List of Figures

Figure No. Figure Title Page No.

Figure 98: Rest of Europe Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 147

Figure 99: Rest of Europe Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 148

Figure 100: Rest of Europe Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 149

Figure 101: Rest of Europe Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 150

Figure 102: Asia Pacific Artificial Lift Market Size, By Value, 2013-2017 (USD Million) 152

Figure 103: Asia Pacific Artificial Lift Market Size, By Value, 2018-2023 (USD Million) 153

Figure 104: Asia Pacific Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 154

Figure 105: Asia Pacific Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 155

Figure 106: Asia Pacific Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 156

Figure 107: Asia Pacific Natural Gas Production (Billion Cubic Meter), 2013-2017 157

Figure 108: Asia Pacific Crude oil Production (Thousand Barrels per day), 2012-2016 157

Figure 109: Asia Pacific’s Rig Counts, 2012-2017 157

Figure 110: China Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 160

Figure 111: China Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 161

Figure 112: China Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 162

Figure 113: China Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 163

Figure 114: China Natural Gas Production (Billion Cubic Meters), 2013-2017 164

Figure 115: China crude oil Production (Thousand Barrels per day), 2013-2017 164

Figure 116: India Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 167

Figure 117: India Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 168

Figure 118: India Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 169

Figure 119: India Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 170

Figure 120: India Natural Gas Production (Billion Cubic Meters), 2013-2017 171

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Figure 121: India crude oil Production (Thousand Barrels per day), 2013-2017 171

Figure 122: India total number of rig counts, 2013-2017 171

Figure 123: Indonesia Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 173

Figure 124: Indonesia Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 174

Figure 125: Indonesia Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 175

Figure 126: Indonesia Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 176

Figure 127: Indonesia Natural Gas Production (Billion Cubic Meters), 2013-2017 177

Figure 128: Indonesia crude oil Production (Thousand Barrels per day), 2013-2017 177

Figure 129: Number of Exploration drilling in Indonesia, 2012-2015 177

Figure 130: Rest of APAC Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 179

Figure 131: Rest of APAC Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 180

Figure 132: Rest of APAC Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 181

Figure 133: Rest of APAC Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 182

Figure 134: MENA Artificial Lift Market Size, By Value, 2013-2017 (USD Million) 184

Figure 135: MENA Artificial Lift Market Size, By Value, 2018-2023 (USD Million) 185

Figure 136: MENA Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 186

Figure 137: MENA Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 187

Figure 138: MENA Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 188

Figure 139: MENA Natural Gas Production (Billion Cubic Meter), 2013-2017 189

Figure 140: MENA Crude oil Production (Thousand Barrels per day), 2012-2016 189

Figure 141: Saudi Arabia Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 191

Figure 142: Saudi Arabia Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 192

Figure 143: Saudi Arabia Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 193

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(c) AZOTH Analytics


Figure 144: Saudi Arabia Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 194

Figure 145: Saudi Arabia Natural Gas Production (Billion Cubic Meters), 2013-2017 196

Figure 146: Saudi Arabia crude oil Production (Thousand Barrels per day), 2013-2017 196

Figure 147: Algeria Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 199

Figure 148: Algeria Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 200

Figure 149: Algeria Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 201

Figure 150: Algeria Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 202

Figure 151: Algeria Natural Gas Production (Billion Cubic Meters), 2013-2017 204

Figure 152: Algeria crude oil Production (Thousand Barrels per day), 2013-2017 204

Figure 153: Oman Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 206

Figure 154: Oman Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 207

Figure 155: Oman Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 208

Figure 156: Oman Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 209

Figure 157: Oman Natural Gas Production (Billion Cubic Meters), 2013-2017 210

Figure 158: Oman crude oil Production (Thousand Barrels per day), 2013-2017 210

Figure 159: Rest of MENA Artificial Lift Market Size, By Value, 2013-2023 (USD Million) 212

Figure 160: Rest of MENA Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million) 213

Figure 161: Rest of MENA Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million) 214

Figure 162: Rest of MENA Artificial Lift Market: By Application, By Value, 2013-2023 (USD Million) 215

Figure 163: Weatherford Financials, Annual Sales Revenue,2013-2017 (USD Million) 235

Figure 164: Weatherford Financials, Annual Net Income/Loss,2013-2017 (USD Million) 235

Figure 165: Weatherford Sales Revenue, By Business Segment, FY2017 (%) 236

Figure 166: Weatherford Sales Revenue, By Geographic Segment, FY2017 (%) 236

Figure 167: Schlumberger Financials, Annual Sales Revenue,2013-2017 (USD Million) 238

Figure 168: Schlumberger Financials, Annual Net Income/Loss,2013-2017 (USD Million) 238

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(c) AZOTH Analytics


Figure 169: Schlumberger Sales Revenue, By Product Segment, FY2017(%) 239

Figure 170: Schlumberger Sales Revenue, By Geographic Segment, FY2017 (%) 239

Figure 171: Baker Hughes Financials, Annual Sales Revenue,2014-2017 (USD Million) 241

Figure 172: Baker Hughes Annual Net Income/Loss,2014-2017 (USD Million) 241

Figure 173: Baker Hughes Sales Revenue, By Product Segment, FY2017 (%) 242

Figure 174: Baker Hughes, Sales Revenue, By Geographic Segment, FY2017 (%) 242

Figure 175: Borets International Financials, Annual Sales Revenue,2013-2017 (USD Million) 244

Figure 176: Borets International Annual Net Income/Loss,2014-2017 (USD Million) 244

Figure 177: Dover Corporation Financials, Annual Sales Revenue,2014-2017 (USD Million) 246

Figure 178: Dover Corporation Financials, Annual Net Income/Loss,2014-2017 (USD Million) 246

Figure 179: Dover Corporation Sales Revenue, By Product Segment, FY2017 (%) 247

Figure 180: Dover Corporation Sales Revenue, By Geographic Segment, FY2017 (%) 247

Figure 181: Halliburton Financials, Annual Sales Revenue,2013-2017 (USD Million) 249

Figure 182: Halliburton Financials, Annual Net Income/Loss,2013-2017 (USD Million) 249

Figure 183: Halliburton Sales Revenue, By Business Segment, FY2017 (%) 250

Figure 184: Halliburton Sales Revenue, By Geographic Segment, FY2017 (%) 250

Figure 185: National Oil Well Varco Financials, Annual Sales Revenue,2013-2017 (USD Million) 252

Figure 186: National Oil Well Varco Financials, Annual Net Profit/ Loss ,2013-2017 (USD Million) 252

Figure 187: National Oil Well Varco Sales Revenue, By Business Segment, FY2017 (%) 253

Figure 188: National Oil Well Varco Sales Revenue, By Geographic Segment, FY2017 (%) 253

Table No. Table Title Page No.

Table 1: Working features and characteristics of different types of Artificial lift 45

Table 2: Major Oil Fields in Saudi Arabia 197

Table 3: Algeria - Recently started and Upcoming Natural Gas Projects 203

23

(c) AZOTH Analytics

For our study on Global Artificial Lift Market, we have conducted comprehensive secondary research

followed by an extensive primary research. In the process of secondary research, we have scrutinized

industry documents, accessed from open sources, premium paid databases and our internal knowledge

base. In the process of primary research, we have interviewed various industry experts across the value

chain of the Oil & Gas equipment and service industry.

Market size of the actual period (2013-2017) has been evaluated on the basis of growth trends of the

industry in the last five years, and confirming the findings through primary research. Annual reports of

the companies are scanned to further validate the market size and to estimate the size of various other

applications. Market sizing and growth in the forecast period (2018-2023) is estimated through revenue

mapping, growth of new advance equipment and technology and historical growth pattern of the

industry. All the relevant data points/ statistics in the forecast period are validated through relevant and

reliable primary sources.

Report Focus: Global Artificial Lift Market.

- By Lift Type : Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive cavity pump, Others

- By Mechanism Type :Pump assisted, Gas assisted

- By Application Type : Onshore, offshore

- By Region- North America, Latin America, Europe, Asia Pacific and MENA.

- By Country – United States, Canada, Mexico, Argentina, Brazil, Russia, Norway, United Kingdom, China, India, Indonesia, Saudi Arabia, Algeria and Oman.

Companies Contacted: GE Baker Hughes, Halliburton

Research Methodology

24

(c) AZOTH Analytics

Global Artificial Lift Market: Growth & Forecast

Source: Azoth Analytics Estimates

Xx

Xx

Xx

Xx

Xx

Xx

Artificial Lift market is adversely affected due to reduction in capital spending by exploration and

production companies on account of low crude oil prices.

Figure 3: Global Artificial Lift Market Size, By Value, 2013-2017 (USD Million)

CAGR 2013-2017

xx%

2013 2014 2015 2016 2017

25

(c) AZOTH Analytics


Artificial Lift is anticipated to grow at significant rate due to rising completion and well stimulation

activity in shale reserves across various regions.

Figure 6: Global Artificial Lift Market Size, By Value, 2018-2023 (USD Million)

CAGR 2018-2023

xx%

Global Artificial Lift Market: Growth & Forecast

2018 2019 2020 2021 2022 2023

26

Xx

Xx

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

Figure 9: Global Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million)

CAGR 2013-2017 Beam/Rod Lift : xx% Plunger : xx% Gas Lift : xx% Electric Submersible Pump : xx% Hydraulic Pump : xx% Progressive Cavity Pump : xx% Others : xx%

Global Artificial Lift Market, By Lift Technology

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Beam/Rod Lift xx

xx xx xx xx xx xx xx xx xx xx xx

Plunger xx xx xx xx xx xx xx xx xx xx xx xx

Gas Lift xx xx xx xx xx xx xx xx xx xx xx xx

Electric Submersible Pump xx xx xx xx xx xx xx xx xx xx xx xx

Hydraulic Pump xx xx xx xx xx xx xx xx xx xx xx xx

Progressive Cavity Pump xx xx xx xx xx xx xx xx xx xx xx xx

Others xx xx xx xx xx xx xx xx xx xx xx xx



2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Beam/Rod Lift Plunger Gas Lift Electric Submersible Pump Hydraulic Pump Progressive Cavity Pump Others

27

(c) AZOTH Analytics

Figure 10: Global Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million)

CAGR 2013-2017

Pump assisted : xx% Gas assisted : xx%

Global Artificial Lift Market, By Mechanism

28

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Pump assisted

xx xx xx xx xx xx xx xx xx xx xx xx

Gas assisted xx xx xx xx xx xx xx xx xx xx xx xx


CAGR 2018-2023


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Pump Assisted Gas Assisted

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

Figure 11: Global Artificial Lift Market: By Application, By Value 2013-2023 (USD Million)

CAGR 2013-2017

Offshore : xx% Onshore : xx%

Global Artificial Lift Market, By Application

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Offshore xx xx xx xx xx xx xx xx xx xx xx xx

Onshore xx xx xx xx xx xx xx xx xx xx xx xx


CAGR 2018-2023


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Offshore Onshore

29

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

Global Artificial Lift Market - By Region

Table 12: Global Artificial Lift Market Size, By

Region, 2017 (%)


Key Drivers

Xx

Xx

xx

North America Latin America Asia-Pacific

Europe MENA

30

(c) AZOTH Analytics

Global Artificial Lift Market - By Region

Table 13: Global Artificial Lift Market Size, By

Region, 2023 (%)


Key Drivers

Xx

Xx

Xx

31

North America Latin America Asia-Pacific

Europe MENA

(c) AZOTH Analytics

North America Artificial Lift Market


Figure 14: North America Artificial Lift Market Size, By Value, 2013-2017 (USD Million)

North America is the largest region by installed number of artificial lift but it is most affected

region as well due to deep decline in capital expenditure by E&P companies.

32

Xx

Xx

Xx

Xx

Xx

Xx

CAGR 2013-2017

xx%

2013 2014 2015 2016 2017

(c) AZOTH Analytics

North America Artificial Lift Market


Figure 15: North America Artificial Lift Market Size, By Value, 2018-2023 (USD Million)

North America region is expected to grow significantly owing to the revival of Rig counts and well

completion activities in shale oil and gas reserves.

33

Xx

Xx

Xx

Xx

Xx

Xx

CAGR 2018-2023

xx%

2018 2019 2020 2021 2022 2023

(c) AZOTH Analytics

Figure 16: North America Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million)

North America Artificial Lift Market, By Lift Technology


34


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Beam/Rod Lift xx









2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


(c) AZOTH Analytics

Figure 17: North America Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million)

North America Artificial Lift Market, By Mechanism


35

CAGR 2013-2017


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Pump assisted



CAGR 2018-2023


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


(c) AZOTH Analytics

Figure 18: North America Artificial Lift Market: By Application, By Value 2013-2023 (USD Million)

North America Artificial Lift Market, By Application

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023




36

Xx

Xx

Xx

Xx

Xx

CAGR 2013-2017


CAGR 2018-2023


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Offshore Onshore

(c) AZOTH Analytics

United States Artificial Lift Market, By Value

• .


United States Artificial Lift market has been adversely affected due to the decline in the capital

expenditures by E&P companies on well completion activities.

Figure 22: United States Artificial Lift Market Size, By Value, 2013-2023 (USD Million)

CAGR 2013-2017

xx%

CAGR 2018-2023

xx%

United States


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

37

Xx

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

Figure 23: United States Artificial Lift Market: By Lift Technology By Value, 2013-2023 (USD Million)

United States Artificial Lift Market, By Lift Technology


38


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Beam/Rod Lift xx









2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


(c) AZOTH Analytics

Figure 24: United States Artificial Lift Market: By Mechanism, By Value 2013-2023 (USD Million)

United States Artificial Lift Market, By Mechanism


39

Xx

Xx

Xx

Xx

CAGR 2013-2017


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Pump assisted



CAGR 2018-2023


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


(c) AZOTH Analytics

Figure 25: United States Artificial Lift Market: By Application, By Value 2013-2023 (USD Million)

United States Artificial Lift Market, By Application

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023




40

Xx

Xx

Xx

Xx

CAGR 2013-2017


CAGR 2018-2023


2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Offshore Onshore

(c) AZOTH Analytics

About Azoth Analytics Pvt Ltd.

Azoth Analytics is a business research and analytics firm that creates in-depth research reports and provides customized research solutions and consultancy services. Verticals in which Azoth Analytics specializes include healthcare and pharmaceutical, oil and gas, retail, chemicals, automotive, FMCG, food & beverages and technology. Azoth creates comprehensive and in-depth research reports by recording, interpreting and analyzing information. Strategic market sizing and data dredging techniques include secondary research, and primary research (interviews with management personnel and industry experts).

Disclaimer: Azoth Analytics report information is based mainly on interviews and therefore, is subject to fluctuation. Azoth Analytics therefore, takes no responsibility for

any incorrect information supplied to us by industry experts, manufacturers or users. Azoth does not warranty the completeness of the information and data. Also, analysis

provided in the report are meant for customers’ internal use only and not for general publication or disclosure to third parties.

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