Artificial Lift Pumps Market
Artificial Lift Pumps Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0472
Segments Covered
By
Type ESP, PCP, Gas Lift, Rod lift, Others
-
By
Mechanism Pump Assisted, Gas-Assisted
-
By
Well Type Horizontal, Vertical
-
By
Onshore, Offshore
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
8.0 Billion |
 Revenue 2028:
|
12 Billion |
 Revenue CAGR
(2021 - 2028): |
5.2 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Type, Mechanism and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Type, the market is divided into ESP, PCP, Gas Lift, Rod lift, Others. Rod lift is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Mechanism, the market is divided into Pump Assisted, Gas-Assisted. Gas Assisted attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Artificial Lift Pumps Market: Type Segment Analysis
-
- ESP
- PCP
- Gas Lift
- Rod lift
- Others
Global Artificial Lift Pumps Market: Mechanism Segment Analysis
-
- Pump Assisted
- Gas-Assisted
Global Artificial Lift Pumps Market: Well Type Segment Analysis
-
- Horizontal
- Vertical
Global Artificial Lift Pumps Market: Segment Analysis
-
- Onshore
- Offshore
FAQ
Frequently Asked Question
What is the global demand for Artificial Lift Pumps in terms of revenue?
-
The global Artificial Lift Pumps valued at 8.0 Billion in 2020 and is expected to reach 12 Billion in 2028 growing at a CAGR of 5.2%.
Which are the prominent players in the market?
-
The prominent players in the market are Dover, Schlumberger, Technip, Aker Solutions, Baker Hughes, Transocean, Weatherford, Petrofac, GE-Alstom Grid..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.2% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Artificial Lift Pumps include
- The improved and enhanced finance inflow in the fleet management in international trades for goods & services is anticpated to augment the growth of the market over the forecast period.
- The increasingly advanced technologies and green initiatives is further expected to support the growth of the market in the years to come.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Artificial Lift Pumps in 2020.
