Sample - Artificial Lift Systems Market Analysis and Segment Forecasts To 2025

MARKET ESTIMATES & TREND ANALYSIS
Artificial Lift Systems Market

Market, by Product (Rod lifts, Electrical Submersible Pumps, Progressive Cavity Pumps,
Gas lift, Hydraulic pumps)
Market, by Region (North America, Europe, Asia Pacific, Latin America, Middle East and
Africa)
Artificial lift systems market analysis and segment forecasts to 2025
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Table of Contents
Chapter 1 Methodology and Scope

1.1 Research process
1.1.1 Information procurement
1.1.2 Purchased database:
1.1.3 GVR’s internal database
1.2 Research methodology
1.3 Geographic scope
1.4 Research scope & assumptions
1.5 List of data sources
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope

3.1 Artificial lift systems Market - Key regional takeaway
3.2 Artificial lift systems - Market segmentation & scope
3.3 Artificial lift systems - Market size and growth prospects
3.4 Artificial lift systems - Value chain analysis
3.5 Artificial lift systems - Market dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing deep/ ultra-deep offshore oil production
activities
3.5.1.2 Increasing demand of energy across the world
3.5.1.3 Shift in trend toward developing unconventional
resources
3.5.2 Market restraint/challenge analysis
3.5.2.1 High cost of artificial lift equipment
3.5.2.2 High Financial Risks Associated with Fluctuating
Crude Oil Prices
3.5.3 Market opportunity analysis
3.5.3.1 Redevelopment of Mature Fields
3.6 Artificial lift systems - Penetration & growth prospect mapping
3.7 Artificial lift systems - Porter’s analysis
3.8 Artificial lift systems - Company market share analysis, 2016
3.8.1 Baker Hughes
3.8.2 Schlumberger Ltd.
©Grand View Research, Inc., USA. All Rights Reserved.

3
3.8.3 General Electric

3.8.4 Weatherford International
3.9 Artificial lift systems - PEST analysis
Chapter 4 Market Categorization 1: Product Estimates &

Trend Analysis
4.1 Global Artificial lift systems share by product, 2016 & 2025
4.1.1 Rod lifts
4.1.2 Electrical Submersible Pumps (ESPs)
4.1.3 Progressive Cavity Pumps (PCPs)
4.1.4 Gas lift
4.1.5 Hydraulic pumps
4.1.6 Others
Chapter 5 Market Categorization 2 Regional Estimates &

Trend Analysis
5.1 Global Artificial lift systems market share by region, 2016 & 2025
5.1.1 North America
5.1.1.1 U.S.
5.1.1.2 Canada
5.1.2 Europe
5.1.2.1 UK
5.1.2.2 Germany
5.1.2.3 Russia
5.1.2.4 Norway
5.1.3 Asia Pacific
5.1.3.1 China
5.1.3.2 India
5.1.3.3 Japan
5.1.3.4 Indonesia
5.1.3.5 Malaysia
5.1.4 Latin America
5.1.4.1 Brazil
5.1.4.2 Mexico
5.1.5 Middle East & Africa (MEA)
5.1.5.1 Saudi Arabia
5.1.5.2 UAE

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5.1.5.3 Kuwait
5.1.5.4 Iran
Chapter 6 Competitive Landscape

6.1 Baker Hughes Incorporated
6.1.1 Company overview
6.1.2 Financial performance
6.1.3 Product benchmarking
6.1.4 Recent developments
6.1.5 Research & Development Initiatives
6.2 Borets Company LLC.
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Recent Developments
6.3 Dover Corporation
6.4 GE Energy (GE Power)
6.5 Halliburton
6.6 J&J Technical Services, LLC

5

6.7 National Oilwell Varco, Inc.
6.8 Schlumberger Limited
6.9 Tenaris S.A
6.10 Torqueflow-Sydex Ltd.
6.11 Weatherford International Ltd.
List of Tables
TABLE 1 Global artificial lift systems market, 2014 – 2025 (USD Million)
TABLE 2 Global artificial lift systems market, by product, 2014 – 2025 (USD Million)
TABLE 3 Global artificial lift systems market, by region, 2014 – 2024 (USD Million)
TABLE 4 Rod lifts market, 2014 – 2025 (USD Million)
TABLE 5 Rod lifts market by region, 2014 – 2025 (USD Million)
TABLE 6 Electrical Submersible Pumps market, 2014 – 2025 (USD Million)
TABLE 7 Electrical Submersible Pumps market by region, 2014 – 2025 (USD Million)
TABLE 8 Progressive Cavity Pumps market, 2014 – 2025 (USD Million)
TABLE 9 Progressive Cavity Pumps market by region, 2014 – 2025 (USD Million)

6
TABLE 10 Gas lift market, 2014 – 2025 (USD Million)

TABLE 11 Gas lift market by region, 2014 – 2025 (USD Million)
TABLE 12 Hydraulic pumps market, 2014 – 2025 (USD Million)
TABLE 13 Hydraulic pumps market by region, 2014 – 2025 (USD Million)
TABLE 14 Others market, 2014 – 2025 (USD Million)
TABLE 15 Others market by region, 2014 – 2025 (USD Million)
TABLE 16 North America artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 17 U.S. artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 18 Canada Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 19 Europe artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 20 UK artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 21 Germany artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 22 Russia artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 23 Norway artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 24 Asia Pacific artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 25 China Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 26 India Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 27 Japan Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 28 Indonesia Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 29 Malaysia Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 30 Latin America Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 31 Brazil artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 32 Mexico artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 33 MEA artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 34 Saudi Arabia Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 35 UAE Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 36 Kuwait Artificial lift systems market by product, 2014 – 2025 (USD Million)
TABLE 37 Iran Artificial lift systems market by product, 2014 – 2025 (USD Million)
List of Figures
FIG. 1 Research process

FIG. 2 Information procurement
FIG. 3 Artificial lift systems Market – Key regional takeaway
FIG. 4 Artificial lift systems - Market segmentation & scope
FIG. 5 Artificial lift systems – Market size and growth prospects (USD Million)
FIG. 6 Artificial lift systems - Value chain analysis
FIG. 7 Artificial lift systems – Market dynamics

7
FIG. 8 Artificial lift systems - Market driver relevance analysis (Current & future impact)
FIG. 9 Artificial lift systems - Market restraint/challenge relevance analysis (Current & future impact)
FIG. 10 Artificial lift systems - Market opportunity relevance analysis (Current & future impact)
FIG. 11 Artificial lift systems – Penetration & growth prospect mapping
FIG. 12 Artificial lift systems – Porter’s analysis
FIG. 13 Artificial lift systems – Company market share analysis, 2016
FIG. 14 Artificial lift systems - PEST analysis
FIG. 15 Artificial lift systems market product outlook key takeaways
FIG. 16 Global Artificial lift systems product outlook, 2016 & 2025
FIG. 17 Artificial lift systems market regional outlook key takeaways
FIG. 18 Global Artificial lift systems regional outlook, 2016 & 2025

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Chapter 1 Methodology and Scope

1.1 Research process
We, at Grand View Research, employ a comprehensive and iterative research methodology to
provide the most accurate market estimates and forecast.
FIG. 1 Research process
Data Mining involves

gathering of market
Validation is the most data or related
important step in the Data Mining information via
process. Validation & re- different sources &
validation via an intricately methodologies.
designed process helps us
finalize data-points to be 1
used for final calculations.
Validation & Information

Publishing Analysis
4 2
Information Analysis
Market Formulation entails the involves the analyzing &
placement of data points at mapping of all the
appropriate market spaces in an information procured from
attempt to deduce viable the previous step. It also
conclusions. Analyst perspective & Market encompasses the analysis
subject matter expert based Formulation of data discrepancies
heuristic form of market sizing observed across various
also plays an integral role. data sources.
Our research methodology entails an ideal mixture of primary and secondary initiatives. Key steps
involved in the process are listed below:

9
 Information procurement/Data mining
The stage involves the procurement of market data or related information with extensive data
mining through different verified and credible sources.
 Information analysis
This step involves the analysis & mapping of all the information procured from the previous step.
It also encompasses the analysis of data discrepancies observed across various data sources.
 Market formulation
The final step entails the placement of data points at appropriate market spaces in an attempt to
deduce viable conclusions. Analyst perspective & subject-matter-expert based heuristic form of
market sizing also plays an integral role in this step.
 Validation & publishing
Validation is the most important step in the process. Validation & revalidation via an intricately
designed process helps us finalize data points to be used for final calculations.
The movement from step 1 and step 2 is bi-directional in nature. The process follows a to & fro
movement from both the ends. This is an integral data filtration technique used by GVR. The
validation & market formulation steps are also reversible in nature. They are run parallel to ensure
data accuracy and process flexibility.
The process of market sizing & data point identification runs throughout the report schedule. The
process moves from Step 1 & 2 to Step 3 & 4 while keeping Steps 1 & 2 and 3 & 4 reversible.
The cycle of market sizing & variable identification also keeps repeating until every data point is
duly validated and is fit for publishing.

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1.1.1 Informa tion procure ment
FIG. 2 Information procurement
Primary Research Purchased Database
Information Procurement
Primary interviews with industry We buy access to paid
experts, freelance consultants, The stage involves the databases such as Hoover’s &
manufacturers, distributors and procurement of market data or Factiva to gain access to
resellers & system integrators. related information via different company financials, industry
Interviews are largely based on sources & methodologies such as information, and industry
tele-interviews and online surveys primary interviews, paid and journal publications
internal databases and secondary
sources
GVR’s Internal Database
Includes government statistics Analysis of investor analyst

published by organizations like reports, broker reports,
company filings, whitepapers, government quotes, key
journals, magazines, company opinion leaders, research
annual reports and use cases institutes & academic centres
Includes historic market databases,

case studies, internal audit reports, &
archives. Pertinent data such as
application penetration are also taken
into account. We have a dedicated
team of analysts updating &
maintaining these databases
Secondary Sources Third Party Perspective
Information procurement is one of the most extensive stages in our research process. As
illustrated in the figure above, the techniques can broadly be categorized into five sections:
1.1.2 Purchased database:
 Includes company databases such as Hoover’s: This helps us identify financial information,
industry competitive landscape, and structure of the market participants. It also serves as an
important step in market sizing, especially in case of commodity-flow techniques.
 Industry databases, e.g. Factiva, that help us gain access to industry statistics and KoL’s
opinions & formulate conclusions

11
1.1.3 GVR’s interna l da ta base
 Includes our internal database of data points collected as a result of previous research &
studies and information made available via our database management team
 Also includes internal audit reports & archives
1.2 Research methodology
We have implemented a mix of primary and secondary research for our market estimate and
forecast. Secondary research forms the initial phase of our study, where we conducted extensive
data mining and referred to verified data sources, such as independent studies, government and
regulatory published material, technical journals, trade magazines, and paid data sources.
For forecasting, the following parameters were considered:
 Market drivers and restraints along with their current and expected impact
 Technological scenario and expected developments
 End-use industry trends and dynamics
 Trends in consumer behavior
We have assigned weights to these parameters and quantified their market impact using the
weighted average analysis to derive an expected market growth rate.
All our estimates and forecasts were verified through exhaustive primary research with Key
Industry Participants (KIPs) which typically includes:
 Market leading companies
 Raw material suppliers
 System integrators
The key objectives of primary research are as follows:
 To validate our data in terms of accuracy and acceptability
 To gain insights on the current market and future expectations
1.3 Geographic scope
 The regions covered under the study include:
o North America (U.S., Canada)

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o Europe (UK, Germany, Russia, Norway)
o Asia Pacific (Japan, China, India, Indonesia, Malaysia)
o Latin America (Brazil, Mexico)
o Middle East & Africa (Saudi Arabia, UAE, Kuwait, Iran)
1.4 Research scope & assumptions

 The report provides market estimates for the base year 2016 and a yearly forecast till 2025
in terms of revenue (USD Million). The market for each product segment has been
provided on a regional basis for the above-mentioned forecast period.
 The key industry dynamics, regulatory scenario, key products, and end-uses are
evaluated to understand their impact on the demand for the forecast period. Growth rates
were estimated using correlation, regression, and time-series analysis.
 We have used a combination of top down and the bottom-up approach for market sizing,
analyzing the key regional markets, dynamics, and trends for various end-uses. The global
market has been estimated by integrating the regional markets.
 Market estimates have mainly been based on the feedback obtained through primary
interviews with key industry participants
 Inflation has not been accounted for in order to estimate the market
 Numbers may not add up due to rounding off
 In the report, ESP and PCP is the acronym for Electrical Submersible Pumps and
Progressive Cavity Pumps respectively.

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1.5 List of data sources
The list of secondary sources includes but is not limited to:
 EIA (Energy Information Administration)

 SPE (Society of Petroleum Engineers) International
 Offshore Magazine
 Energy Global
 Hart Energy
 Hoovers
The list of primary sources includes but is not limited to:
 xxxxxxxxxxxxxxxxxx

14
Chapter 2 Executive Summary
The artificial lift systems market was valued at USD 16,187.4 million
in 2016 and is expected to reach USD 26,475.6 million by 2025,
growing at a CAGR of xx% from 2017 to 2025. In oil & gas industry
artificial lift system is used to augment the flow of the crude oil from the
well by artificial means. It is an enhanced oil recovery technique
Increasing number of
mature reserves extensively used to improve the well productivity particularly for
expected to spur matured reserves.
growth
The market is anticipated to gain impulse with the rising fossil fuel
demand coupled with increasing count of mature reserves across the
world. Additionally, the rising exploration of non-conventional reserves
are estimated to propel the artificial lift system demand over the
forecast years.
Currently, the electrical submersible pumps segment holds the largest

market share in the global market ascribed to its low operational costs
Electrical submersible
and high extraction rate. This segment is projected to dominate the
pumps to dominate
the market over the market owing to its higher espousal in artificial lifting of hydrocarbons
forecast period from the oil well. Furthermore, its ability to lift extremely high volumes
coupled by the low lifting costs is estimated to propel the demand over
the forecast timeframe, thereby resulting in segment growth across the
global market.
North America dominated the artificial lift systems market in 2016

ascribed to the increasing exploration of unconventional hydrocarbons
such as shale in the region. However, Asia Pacific is anticipated to
North America
emerged as the witness enormous gains over the coming years. Factors such as
highest growing expanded budget allocation on infrastructure development and rising
region in 2016
commercial activities, are anticipated to result in healthy demand for
petroleum products, thereby driving the growth of artificial lift systems
in the region.

15
TABLE 1 Global artificial lift systems market, 2014 – 2025 (USD Million)
CAGR
Market
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017–
Size
25)
Revenue xx xx 16,187.4 xx xx 18,793.9 xx xx xx xx xx xx xx%
Source: EIA, SPE International, Offshore Magazine, Energy Global, Hart Energy, Company Annual Reports, Primary Interviews, Grand View
Research
The global artificial lift systems market was Earlier, artificial lift was primarily used for
valued at 16,187.4 million in 2016 and is wells with insufficient pressure however, in
expected to reach USD 26,475.6 million by order to improve flow rates its adoption in
2025, growing at an estimated CAGR of xx% naturally flowing wells has also increased
from 2017 to 2025. currently.
Artificial lift is a method of increasing xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

pressure within an oil and gas reservoir for xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
maximizing the recovery of hydrocarbon. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
TABLE 2 Global artificial lift systems market, by product, 2014 – 2025 (USD Million)
CAGR
Product 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017–
25)
Rod lifts xx xx xx xx xx xx xx xx xx xx xx xx xx%
Electrical
Submersible 5,942.7 xx xx xx xx xx 8,126.7 xx xx xx xx xx xx%
Pumps
Progressive
Cavity xx xx xx 1,297.0 1,357.9 xx xx xx xx xx xx xx xx%
Pumps
Gas lift xx xx xx xx xx xx xx xx xx xx xx xx xx%
Hydraulic
xx xx xx xx xx xx xx xx xx xx xx xx xx%
pumps
Others xx xx xx xx xx xx xx xx xx xx xx xx xx%
Total xx xx 16,187.4 xx xx 18,793.9 xx xx xx xx xx xx xx%
Research
The increasing exploration and production Submersible Pumps (ESPs) installation in

activities across unconventional resources the forecast years as these pumps are
globally are anticipated to bolster Electrical capable of handling extreme surface as well

16
as downhole temperatures. Moreover, owing xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

17
TABLE 3 Global artificial lift systems market, by region, 2014 – 2024 (USD Million)
CAGR
201
Region 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025 (2017–
8
25)
North America 3,994.4 xx xx xx xx xx xx xx 6,144.0 xx xx xx xx%
Europe xx xx xx xx xx xx xx xx xx xx xx xx xx%
Asia Pacific xx xx xx xx xx xx 4,494.7 xx xx xx xx xx xx%
Latin America xx xx xx xx xx xx xx xx xx xx xx xx xx%
MEA xx xx xx xx xx xx xx xx xx xx xx xx xx%
Total xx xx 16,187.4 xx xx 18,793.9 xx xx xx xx xx xx xx%
Research
North America is expected to emerge as Middle East & Africa (MEA) is anticipated to
largest region in global artificial lifting system witness healthy growth with a CAGR of xx%
market in terms of revenue. The rising from 2017 to 2025.
production of shale gas coupled with growing xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
deep-water drilling in the U.S is driving the xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
demand for lift systems in this region. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Chapter 3 Market Variables, Trends & Scope

3.1 Artificial lift systems Market – Key regional takeaway
FIG. 3 Artificial lift systems Market – Key regional takeaway
Europe
Revenue in 2016: $ xx mn
Revenue in 2025: $xx mn
CAGR: xx%
Asia Pacific
North America CAGR: xx%

CAGR: xx%
Latin America MEA

Revenue in 2016: $xx mn Revenue in 2016: $xx mn
Revenue in 2025: $xx mn Revenue in 2025: $x mn
CAGR: xx% CAGR: xx%
Source: EIA, SPE International, Offshore Magazine, Energy Global, Hart Energy, Company Annual Reports, Primary Interviews, Grand View Research

3.2 Artificial lift systems - Market segmentation & scope
FIG. 4 Artificial lift systems - Market segmentation & scope
Artificial Lift Systems

Market
Product Regional
• Rod Lifts • North America

• Electrical Submersible Pumps o U.S.
• Progressive Cavity Pumps o Canada
• Gas lift • Europe
• Hydraulic pumps o UK
• Others o Germany
o Russia
o Norway
• Asia Pacific
o China
o India
o Japan
o Indonesia
o Malaysia
• Latin America
o Brazil
o Mexico
• Middle East & Africa

o Saudi Arabia
o UAE
o Kuwait
o Iran
Attribute Details
Base year used for market estimation 2016
Historic analysis Actual data for 2014 - 2015
Forecast 2017 to 2025
Research

3.3 Artificial lift systems – Market size and growth prospects
FIG. 5 Artificial lift systems – Market size and growth prospects (USD Million)
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America Europe Asia Pacific Latin America Middle East and Africa
Research
The artificial lift systems market was valued at USD 16,187.4 million in 2016 and is expected to
reach USD 26,475.6 million by 2025, growing at a CAGR of xx% from 2017 to 2025. Increase
in demand for oil & natural gas and rise in drilling activities across the world are anticipated to be
key factors driving the artificial lift systems market.
High oil & gas production and increasing energy consumption worldwide are expected to
positively impact the industry demand over the forecast period. North America dominated the
industry with the highest revenue in 2016, which is also expected to gain traction by 2025. This
high growth is due to rising
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

21
3.4 Artificial lift systems – Value chain analysis
FIG. 6 Artificial lift systems - Value chain analysis
Oil and Natural Gas

Steel alloys, Titanium,
Companies, National
Lead, etc.
Oil Companies, etc.
Raw Material
Manufacturers Distributors End-Users
Suppliers
Oil Field Equipment

Baker Hughes,
and Products
Halliburton
Distributors, etc.
Research
The supply chain for artificial lift systems encompasses raw materials suppliers, manufacturers,
distributors and end-users. The principal raw materials purchased by manufacturers include steel
alloys such nickel and chromium, copper, lead, synthetic & natural diamonds, electronic
components, etc. Equipment manufacturers source raw materials as well as components from
both international and domestic suppliers.
Manufacturing process comprises machining, welding and fabrication, heat treating, assembly of
manufactured & purchased components and testing. Manufacturers focus on mergers &

22
3.5 Artificial lift systems - Market dynamics
FIG. 7 Artificial lift systems – Market dynamics
• Web-based monitoring services helps • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

optimizing production and minimizing xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
intervention cost xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
• Multiphase gas-handling pump is used xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
with gas separator, which compresses xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
free gas back into the homogenous fluid xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
• Oil field automation helps in reducing
unplanned downtime as well as
maximizing efficiency
Technology Regulatory xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Trends Trends
• Offshore drilling is also witnessing xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
significant growth xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
• xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Supplier/ Buyer/ xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Vendor Application xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Trends Trends xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The market is poised for steady growth owing to technological advancements and innovations in
a bid to provide efficient solutions. These recent developments in technology help reduce lifting
costs through system components which resists hostile environment, improve reliability and
optimize power usage. Industry players invest heavily in R&D to provide systems that can be
easily used in harsh environmental conditions such as high temperature well and ultra-low volume
wells.
Flow rate is an important parameter and systems are chosen after identifying their flow rates.

3.5.1 Market driver analys is
FIG. 8 Artificial lift systems - Market driver relevance analysis (Current & future impact)
High
Increasing deep/ ultra-deep

offshore oil production activities
Increasing demand of energy

Medium
across the world
Shift in trend toward developing

unconventional resources
Low
Current impact Short-term impact Long-term impact
Research
3.5.1.1 Increasing deep/ ultra-deep offshore oil production activities
The increasing demand for crude oil and natural gas has led to the depletion of onshore reserves
offering offshore deep-water opportunities for several companies, thereby propelling artificial lift
systems market demand. Additionally, advancements in technology have encouraged exploration
and production (E&P) companies to boost production of natural gas and crude oil in offshore
reserves, which is further estimated to spur artificial lift systems market size.

3.5.2 Market res tra int/challenge analys is
FIG. 9 Artificial lift systems - Market restraint/challenge relevance analysis (Current &
future impact)
High
High cost of artificial lift

equipment
Medium
High Financial Risks

Associated with Fluctuating
Crude Oil Prices
Low
Research
3.5.2.1 High cost of artificial lift equipment
Manufacturing artificial lift systems is capital intensive and involves time-bound processes, thus
even a minor delay can result in a huge monetary loss for manufacturers. Furthermore, it involves
complex operations and require skilled workforce. However, lack of skilled labor adds to the
challenges and requires companies to invest in training.

26
3.5.3 Market opportunity analys is
FIG. 10 Artificial lift systems - Market opportunity relevance analysis (Current & future
impact)
High
Medium
Redevelopment of Mature
Fields
Low
Research
3.5.3.1 Redevelopment of Mature Fields
Huge investments by oil exploration and production companies for the development of small and
matured oil fields in developed and developing economies is presenting growth opportunities for
the artificial lift systems market. A field is called mature when its total production has begun to
decrease following primary recovery efforts or all its easy hydrocarbons have already been
produced. Mature fields naturally contain about 65% of their original oil and 30% of their original

27
3.6 Artificial lift systems – Penetration & growth prospect mapping
FIG. 11 Artificial lift systems – Penetration & growth prospect mapping
Growth Rate (High)
Penetration (Low) Penetration (High)
Growth Rate (Low)
Rod lifts Electrical Submersible Pumps Progressive Cavity Pumps Gas lift Hydraulic pumps Others
Research
The artificial lift systems market growth is expected to witness high growth across the electrical
submersible pumps product segment. These pumps offer higher efficiency, low maintenance and
low space requirements. ESPs are widely used in applications such as subsea productions and
onshore water flood operations. These pumps can handle variety of flow rates such as 70 bpd to

28
3.7 Artificial lift systems – Porter’s analysis
FIG. 12 Artificial lift systems – Porter’s analysis
Threat of New Entrants

Supplier Power Buyer Power

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the leap into electronic typesetting, remaining essentially unchanged. It was
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xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx are also trying to penetrate the markets in xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx strategies in order to excel in the market. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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Threat of Substitutes
Research

29
3.8 Artificial lift systems – Company market share analysis, 2016
FIG. 13 Artificial lift systems – Company market share analysis, 2016
18.0% 14.8%
6.0%
15.2% 9.5%
14.2%
14.4%
7.9%
Baker Hughes Incorporated Dover Corporation

GE Energy Halliburton Company, LLC.,
National Oilwell Varco, Inc. Schlumberger Limited
Weatherford International Ltd. Others
Research
The number of purveyors in the artificial lift systems market is rising, ensuing in high competition
in the market. Key players such as Baker Hughes Incorporated, Dover Corporation, GE Energy
Halliburton Company, LLC., National Oilwell Varco, Inc., Schlumberger Limited, and Weatherford
International Ltd. are engaged in offering novel and customized products as per customer
requirements to gain a competitive edge.
3.8.1 Baker Hughes
Baker Hughes is an oilfield service company that delivers solutions that helps oil & gas companies
to increase the output of the reservoirs. The company focuses on offering technology and services
to improve drilling, evaluation, completion and production. In addition, Baker Hughes wide range
of product and services portfolio also include pressure pumping, downstream chemicals, specialty
chemicals, tubular service, reservoir service as well as process and pipeline services.

30
3.8.2 Schlumberger Ltd .
3.8.3 General Elec tric
3.8.4 Weatherford In terna tional

31
3.9 Artificial lift systems – PEST analysis
FIG. 14 Artificial lift systems - PEST analysis
The International Regulators’ Forum (IRF) is the principal international regulatory

forum for offshore safety. The Alaska Oil and Gas Association (AOGA) imposed some
POLITICAL
of the most stringent regulations of the nation on the use of hydraulic fracturing which
require complete disclosure of chemicals used in the hydraulic fluids and the
chemicals.
The ALS industry is capital intensive. Fluctuating prices of crude oil are impacting
investments in ALS market size negatively due to high equipment and capital costs.
ECONOMIC High operating costs owing to pump failure from gas-locking or solids production is
anticipated hinder industry demand over the coming years. Additionally, rising raw
material prices such as copper and steel has led to high ALS market price trend.
With operating companies focusing on reducing both operating and capital costs,
the supply and service companies also are emphasizing on reducing costs to meet
SOCIAL their customers’ demands. An example of such initiatives is combining with
wellhead compression with pumping systems which is an effective method of
deliquification.
A major trend impacting the industry is automated operations. Automation helps to

improve gas well operation, surveillance, control, problem detection & diagnosis,
design, and optimization. It is a significant contributor to reducing operating costs.
TECHNOLOGY
Furthermore, wireless communication technique helps in transmitting information
between the instruments, host automation systems, and the remote terminal units
and in reducing installation costs.

Chapter 4 Market Categorization 1: Product Estimates & Trend Analysis

FIG. 15 Artificial lift systems market product outlook key takeaways
Key Product segments Key segment trends
• Improving production
efficiencies at mature fields
Rod lifts is expected to drive the
market for rod lifts
12000.00
• The ability to lift extremely

Electrical high volumes of oil and gas 10000.00
Submersible Pumps and low lifting costs will propel
the electric submersible
pumps segment demand
8000.00
6000.00
Progressing cavity pump (PCP)
Progressive Cavity systems are the preferred
artificial-lift method in wells 4000.00
Pumps with high solids, heavy API oil,
and high fluid volumes
2000.00
0.00
• High efficiency and longer 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
lifespan are the key factors
Gas lift that are estimated to propel Rod lifts Electrical Submersible Pumps Progressive Cavity Pumps Gas lift
the demand for gas lifts,

4.1 Global Artificial lift systems share by product, 2016 & 2025
FIG. 16 Global Artificial lift systems product outlook, 2016 & 2025
2,248.0
1,959.4 729.1
2025 9,516.7 11,051.1 971.4
2016 5,716.1 6,549.3 706.2
1,241.0 1,465.9 509.0
0% 20% 40% 60% 80% 100%
Rod lifts Electrical Submersible Pumps Progressive Cavity Pumps

Gas lift Hydraulic pumps Others
Source: EIA, SPE International, Offshore Magazine, Energy Global, Hart Energy, Company Annual Reports, Primary Interviews, Grand
View Research
The rod lift segment captured a sizeable market share in 2016, and accounted for 21.8% of the
revenue share in the same year. The growth is primarily ascribed to
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

4.1.1 Rod lifts
TABLE 4 Rod lifts market, 2014 – 2025 (USD Million)

CAGR
Market Size 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017–
25)
Revenue xx xx xx 6,009.5 xx xx xx xx xx xx xx xx xx%
Research
TABLE 5 Rod lifts market by region, 2014 – 2025 (USD Million)

CAGR
Region 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017–
25)
North xx%
xx xx xx xx 2,003.4 xx xx xx 2,561.3 xx xx xx
America
Europe xx xx xx xx xx xx xx xx xx xx xx xx xx%
Asia Pacific xx xx xx xx xx xx xx xx xx xx xx xx xx%
Latin America xx xx xx xx xx xx xx xx xx xx xx xx xx%
MEA xx xx xx xx xx xx xx xx xx xx xx xx xx%
Total xx xx xx 6,009.5 xx xx xx xx xx xx xx xx xx%
Research

Chapter 5 Market Categorization 2 Regional Estimates & Trend Analysis
FIG. 17 Artificial lift systems market regional outlook key takeaways
Key Product segments Key segment trends
• High growth in unconventional

oil production such as shale
oil, tight oil, and growing
North America
marginal well count is
anticipated to spur the market
demand
8000.00
• increasing focus of the 7000.00
Europe economies in Europe to

enhance oil production is
6000.00
estimated to drive growth
5000.00
4000.00
• High demand for oil in Asia

Asia Pacific Pacific owing to increasing 3000.00
population to significantly
drive the regional demand by
2000.00
2025
1000.00
0.00
• The growth in Latin America 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Latin America is ascribed to the rising North America Europe Asia Pacific Latin America Middle East & Africa
exploration and production
• Middle East and Africa

market exhibits attractive
Middle East & Africa growth prospects due to
high acceptance of wireline
service and tools

5.1 Global Artificial lift systems market share by region, 2016 & 2025
FIG. 18 Global Artificial lift systems regional outlook, 2016 & 2025
2025 7,299.8 5,017.9 6,498.4 3,842.6 3,816.9
2016 4,410.7 3,566.7 3,473.5 2,493.0 2,243.4
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
North America Europe Asia Pacific Latin America Middle East and Africa
Research
5.1.1 North Ame rica
TABLE 6 North America artificial lift systems market by product, 2014 – 2025 (USD
Million)
CAGR
Product 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017–
25)
Electrical
Submersible xx 1,419.4 xx xx xx xx 1,861.7 xx xx xx xx xx xx%
Pumps
Progressive
xx xx xx xx 400.2 xx xx xx xx xx 545.4 xx xx%
Cavity Pumps
Hydraulic pumps xx xx xx xx xx xx xx xx xx xx xx xx xx%
Total xx xx xx xx xx xx xx xx xx xx xx xx xx%
Research

e Artificial lift systems market analysis and segment forecasts to 2025
5.1.1.1 U.S.
TABLE 7 U.S. artificial lift systems market by product, 2014 – 2025 (USD Million)
CAGR
Product 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017–
25)
Electrical
Submersible xx xx xx xx xx xx xx xx xx xx xx xx xx%
Pumps
Progressive xx%
xx xx xx xx xx xx xx xx xx xx xx xx
Cavity Pumps
Research
5.1.1.2 Canada
TABLE 8 Canada Artificial lift systems market by product, 2014 – 2025 (USD Million)
CAGR
Product 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (2017–
25)
Electrical
Submersible xx xx xx xx xx xx xx xx xx xx xx xx xx%
Pumps
Progressive
xx xx xx xx xx xx xx xx xx xx xx xx xx%
Cavity Pumps
Research

38
Chapter 6 Competitive Landscape

6.1 Baker Hughes Incorporated
6.1.1 Company ove rview
Baker Hughes was established in 1987 as a result

of a merger between Baker International
Corporation and Hughes Tool Company. The
Key Statistics
company engages in the supply of oilfield products,
Establishment year: 1987
services, systems, and technologies used in the oil
and natural gas industry. Headquarters: Houston, Texas, U.S.
Employee strength: 43,000

Baker Hughes caters its customers through
business segments such as oil field operations and Market relevance: Oil & Gas Field
Equipment Manufacturing
industrial services that develop, manufacture, and
support industry leading technologies. The oilfield
products and services fall into one of the two
categories: Drilling & Evaluation and Completion & Production. The completion and production
segment includes artificial lifts. Further, the company also designs and manufactures complete
Electrical Submersible Pumping Systems including motors, pumps, surface control systems,
power cables, and seals. The other business segments of the company include downstream
chemicals and process and pipeline services.
Baker Hughes operates through ventures, alliances, affiliates, and subsidiaries and operates in
more than 80 countries around the world. The company consistently invests a larger revenue
percentage in research and engineering than its oilfield services group. The technology centers
of the company are located in the U.S., Germany, Russia, and Saudi Arabia.

39
6.1.2 Financial performan ce
Financial 2013 2014 2015
Revenue 22,364 Million 24,551 Million 15,742 Million
Operating Income 1,949Million 2,859 Million 2,396 Million
Net Income 1,103 Million 1,731 Million 1,974 Million
6.1.3 Product benchmarking
Product Application/Feature
 Improve run life

Progressing Cavity Pumping  Eliminate deferred production of viscous fluids
Systems
 Easy maintenance
 Increase uptime with rugged surface fluid transfer

equipment
Horizontal Surface Pumping Systems  Improve run life
 Environmentally sensitive
 Improved run life

Surface Electrical Control Systems
 User-friendly operation
Electrical Submersible Pumping Systems
 Improve uptime
Xtreme Performance Series
 Aid in mitigating risks and reducing OPEX
 Minimize system changeouts

Superior Performance Series
 Improve uptime
 Reduce the total hydraulic thrust in both up thrust

FLEXPump Series and down thrust conditions
 Specifically manufactured to reliably operate in harsh

environments
CENetic Fluid Pumping Systems  Designed to fit smaller diameter wells, dramatically
reducing well construction costs without sacrificing
production

40
 Allow a low-profile wellhead and keep the motor

downhole instead of the surface to minimize noise
pollution
 Reduce installation time, unlike traditional line shaft
units
 Do not require lubrication that could potentially
pollute the well fluid
 Provide uninterrupted flow of hot water in smaller

casing sizes
 Offer a long run life in high-temperature
environments
 Support sustainable geothermal energy
development by exceeding reliability standards to
make geothermic projects economically viable
CENetic systems are designed to improve reliability while
CENetic Downhole Geothermal meeting specific challenges of geothermal energy production

Pumping Systems including:
 Temperature capabilities up to 250°C (482°F)

 Deeper setting depths for flow rates up to 315 l/s
(5,000 gals/min)
 Environmentally-compliant scale prevention
methods
 Greater than 2,000 HP systems
 Smaller diameter pumping capabilities to reduce
hole size and drilling costs
CENtrilift Xtreme Performance Series  High-performance stator and rotor design along with
ESP Motors a proven bearing system
 Improve the electrical and mechanical performance
of motors to provide more efficient and reliable
operations in challenging operating environments
 High-performance rotors increase efficiency ratings
CENtrilift Superior Performance ESP to more than 84%
Motors
 The motor head features an enhanced insulating
block rated to 450°F (232°C) conductor temperature
and a high-strength shaft for greater horsepower
capacity

41
Gas Lift Systems

Control the flow and pressure of gas from the
Gas Lift Valves injection system into the produced fluids
Available in industry-standard oval, round, high-
Side Pocket Mandrels pressure, special-clearance, solid-body, and high-
performance designs
6.1.4 Recent deve lopments
 In May 2016, Baker Hughes announced the termination of the merger agreement with
Halliburton Company, in November 2014, on account of the challenges faced while
obtaining general industry conditions and remaining regulatory approvals that severely
damaged the deal
 In September 2015, Baker Hughes announced the release of its VisiTrak geospatial
navigation and analysis LWD service, which increased recovery and improved drilling
efficiency
 In February 2015, Baker Hughes announced the commercial release of its NextWave
production rejuvenation solution to rejuvenate unconventional wells
 In October 2014, Baker Hughes launched the all-electric intelligent well system
 In September 2014, Baker Hughes and Aker Solutions announced that they had received
the regulatory approvals for Subsea Production Alliance. This alliance aimed to help the
companies in developing technology to produce solutions that increased the rate of
recovery, boosted output, and reduced subsea field costs.
 In March 2014, Baker Hughes Incorporated announced that it had signed an agreement
with CGG for the RoqSCAN technology offered by CGG. The agreement strengthened the
strategic relationship between the two companies. The technology helped operators in
understanding shale plays.
6.1.5 Research & Deve lopment Initia tive s
Cost 2013 2014 2015
Research and engineering 556 Million 613 Million 483 Million
R& D of new products and

370 Million 430 Million 347 Million
services

42
Note: The final report will contain profiles of the following companies based on the above-mentioned
attributes (company overview, revenue, products, applications, and strategic developments):
6.2 Borets Company LLC
6.3 Dover Corporation
6.4 GE Energy (GE Power)
6.5 Halliburton
6.6 J&J Technical Services, LLC
6.7 National Oilwell Varco, Inc.
6.8 Schlumberger Limited
6.9 Tenaris S.A
6.10 Torqueflow-Sydex Ltd.
6.11 Weatherford International Ltd.

43
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Copyright © 2017 Grand View Research Inc., USA

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Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

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3.8.3 General Electric

Chapter 4 Market Categorization 1: Product Estimates &

Chapter 5 Market Categorization 2 Regional Estimates &

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Chapter 6 Competitive Landscape

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6.6.3 Product Benchmarking

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TABLE 10 Gas lift market, 2014 – 2025 (USD Million)

FIG. 1 Research process

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Chapter 1 Methodology and Scope

FIG. 1 Research process

Data Mining involves

Validation & Information

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 Information procurement/Data mining

 Validation & publishing

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1.1.1 Informa tion procure ment

FIG. 2 Information procurement

Primary Research Purchased Database

GVR’s Internal Database

Includes government statistics Analysis of investor analyst

Includes historic market databases,

1.1.2 Purchased database:

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1.1.3 GVR’s interna l da ta base

 Also includes internal audit reports & archives

1.2 Research methodology

For forecasting, the following parameters were considered:

 Market leading companies

 Raw material suppliers

The key objectives of primary research are as follows:

 To validate our data in terms of accuracy and acceptability

 To gain insights on the current market and future expectations

1.3 Geographic scope

 The regions covered under the study include:

o North America (U.S., Canada)

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o Europe (UK, Germany, Russia, Norway)

o Asia Pacific (Japan, China, India, Indonesia, Malaysia)