The global market for artificial lift systems is estimated to have a significant CAGR during the forecast period. Artificial lift systems are the technologies used to augment fluid production from the reservoir. These fall into several categories depending on the operating principle, design and energy source. Artificial lift systems reduce the weight of the hydrostatic column on the reservoir, by reducing the density of the fluid column, thereby reducing the drawdown on the reservoir. Extensive research and field studies have been conducted on a range of artificial-lift systems that have been developed and applied extensively to meet industry needs. These systems include beam pumping, gas lift, electrical submersible pumps (ESPs), and hydraulic lift. The Production of oil requires energy to lift the fluids from the reservoir to the surface therefore growing production of oil & gas further encorages the artificial lift systems market.

Get Free Sample Copy @https://www.omrglobal.com/request-sample/artificial-lift-systems-market

Segmental Outlook

The global market for artificial lift systems is classified on the basis of product type, application and technology. On the basis of product type, the market is further segregated into gas lift, rod lift, electrical submersible pump (ESP), and progressive cavity pump (PSP). The rod lift segment is projected to have considerable share in the global market owing to the increasing applications of handling corrosive gases during artificial lift system process. Moreover, the progressive cavity pump for artificial lift systems is estimated to have significant growth during the forecast period. On the basis of application the global market for artificial lift systems further classified into offshore and onshore. The offshore application segment is projected to grow significantly in the global artificial lift systems market. Based on the technology, the global artificial lift systems market is further segmented into pump assisted and gas assisted.

Browse for Full Report Description@https://www.omrglobal.com/industry-reports/artificial-lift-systems-market

Market Segmentation

Global Artificial Lift Systems Market by Product Type
Gas Lift
Rod LIft
Electrical Submersible Pump (ESP)
Progressive Cavity Pump (PSP)
Global Artificial Lift Systems Market by Application
Offshore
Onshore
Global Artificial Lift Systems Market by Technology
Pump Assisted
Gas Assisted
Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles

Apergy Corporation
AccessESP
Baker Hughes Co. (General Electric Co.)
Borets International
Camco
DistributionNOW
Epic Lift Systems
Halliburton Energy Services, Inc.
JJ Tech
MiddleEast Oilfield Services
Maktoom LLC
National Oilwell Varco (NOV)
Novomet Group
OILSERV
PCM Artificial Lift Solutions Inc.
Production Lift Companies
Priority Energy LLC
Valiant Artificial Lift Solutions
Weatherford International plc
Bottom of Form



For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/artificial-lift-systems-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404