Artificial Lift Market by Mechanism (Positive Displacement, Dynamic Displacement & Gas Assisted) & Types (Rod Lift, ESP, PCP, Gas Lift) - Global Trends & Forecasts to 2019

 Published On: Jan, 2015 |    No of Pages: 198 |  Published By: MarketsandMarkets | Format: PDF
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Report Description

This report provides a detailed analysis of the artificial lift market, which is growing in sync with the need for higher production from maturing fields, better recovery rates, and increasing unconventional production activities. The market has been regionally segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South & Central America. The market has been further segmented as per the mechanism of artificial lift that has been deployed, such as positive displacement and dynamic displacement. This report provides market share and size of the artificial lift market, segmented according to its type (rod lift, ESP, PCP, Gas lift, and others) as well.

This report provides a qualitative analysis of the leading players in the artificial lift industry, with a clear insight and analysis on the development strategies adopted and preferred by them. The report also includes a chronology of the developments with respect to contracts and agreements, mergers and acquisitions, new product launches, and expansions. Market dynamics in terms of market drivers, restraints, opportunities, burning issues, and industry trends have also been discussed in detail in the report. Key players, such as Baker Hughes Inc. (U.S.), Schlumberger Ltd. (U.S.), Weatherford International Ltd. (Switzerland), Halliburton (U.S.), National Oilwell Varco (U.S.), Borets (Russia), Cameron International (U.S.), and Tenaris S.A. (Luxembourg) have been profiled in this report.

The artificial lift market size is projected to grow at a CAGR of 9.6% during the forecast period. The market was dominated by North America in 2013, which is expected to continue its dominance through to 2019. Strong growth has been projected for the artificial lift market in the next five years, as the need for better production and increased recovery from mature fields continues to spur demand. South and Central America is expected to emerge as the fastest growing market for artificial lift equipment and services during 2014-2019, followed by the Middle East and Africa.

SCOPE OF THE REPORT

This report focuses on the artificial lift market. The market has been segmented on the basis of mechanism, type, and region.

On the basis of mechanism
• Positive Displacement
• Dynamic Displacement
• Gas Assisted

On the basis of Type
• Rod Lift
• Electrical Submersible Pump
• Progressive Cavity Pump
• Gas Lift
• Others

On the basis of region
• Asia-Pacific
• North America
• Europe
• Middle East and Africa
• South and Central America

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 PACKAGE SIZE 17
1.6 LIMITATIONS 17
1.7 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of Primary Interviews 21
2.2 FACTOR ANALYSIS 22
2.2.1 INTRODUCTION 22
2.2.2 RISE IN CRUDE OIL PRODUCTION 22
2.2.3 INCREASING CAPITAL SPENDING ON EXPLORATION & PRODUCTION ACTIVITIES 23
2.3 MARKET SIZE ESTIMATION 24
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 25
2.5 RESEARCH ASSUMPTIONS & LIMITATIONS 26
2.5.1 ASSUMPTIONS 26
2.5.2 LIMITATIONS 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 33
4.1 U.S. & RUSSIA: FASTEST GROWING MARKETS DURING THE FORECAST PERIOD FOR THE ARTIFICIAL LIFT SYSTEM 34
4.2 ESP & ROD LIFT DOMINATED THE ARTIFICIAL LIFT MARKET IN 2013 35
4.3 NORTH AMERICA & EUROPE WILL BE MAJOR REVENUE POCKETS FOR THE ARTIFICIAL LIFT MARKET BY 2019 36
4.4 ARTIFICIAL LIFT MARKET: DEVELOPED VS. DEVELOPING NATIONS 37
4.5 ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2019 38
4.6 LIFE CYCLE ANALYSIS, BY REGION 39

5 MARKET OVERVIEW 40
5.1 MARKET EVOLUTION 41
5.2 MARKET SEGMENTATION 42
5.2.1 BY TYPE 42
5.2.2 BY MECHANISM 43
5.2.3 BY REGION 43
5.3 MARKET DYNAMICS 44
5.3.1 DRIVERS 44
5.3.1.1 Increasing heavy oil production 44
5.3.1.2 Increasing shale gas production 46
5.3.1.3 Deep & ultra-deep drilling activities 46
5.3.2 RESTRAINT 47
5.3.2.1 Lack of industry professionals 47
5.3.3 OPPORTUNITIES 48
5.3.3.1 Reclamation and redevelopment of field 48
5.3.3.2 Growing subsea operations 48
5.3.4 CHALLENGE 49
5.3.4.1 Application of artificial lift in horizontal wells 49

6 INDUSTRY TRENDS 50
6.1 VALUE CHAIN ANALYSIS 50
6.2 PORTER’S FIVE FORCES ANALYSIS 52
6.2.1 THREAT OF NEW ENTRANTS 52
6.2.1.1 High capital requirement 52
6.2.1.2 High product differentiation 52
6.2.2 THREAT OF SUBSTITUTES 53
6.2.2.1 No major substitute available 53
6.2.3 BARGAINING POWER OF SUPPLIERS 53
6.2.3.1 Low cost of switching suppliers 53
6.2.3.2 Non-concentration of suppliers 53
6.2.4 BARGAINING POWER OF BUYERS 54
6.2.4.1 Ability of buyers to integrate backwards 54
6.2.4.2 Concentration of buyers in the market 54
6.2.5 INTENSITY OF RIVALRY 54
6.2.5.1 Many equally sized competitors 54

7 ARTIFICIAL LIFT MARKET, BY MECHANISM 55
7.1 INTRODUCTION 56
7.2 MARKET ESTIMATES 58
7.2.1 POSITIVE DISPLACEMENT 58
7.2.2 DYNAMIC DISPLACEMENT 60
7.2.3 GAS ASSISTED 61
7.3 REGIONAL OVERVIEW 62
7.3.1 ASIA-PACIFIC 62
7.3.2 EUROPE 63
7.3.3 MIDDLE EAST & AFRICA 64
7.3.4 NORTH AMERICA 64
7.3.5 SOUTH & CENTRAL AMERICA 65

8 ARTIFICIAL LIFT MARKET, BY TYPE 66
8.1 INTRODUCTION 67
8.2 MARKET ESTIMATES 70
8.2.1 ROD LIFT 70
8.2.2 ELECTRICAL SUBMERSIBLE PUMP (ESP) 71
8.2.3 PROGRESSIVE CAVITY PUMP (PCP) 72
8.2.4 GAS LIFT 73
8.2.5 OTHERS 74
8.3 REGIONAL OVERVIEW 75
8.3.1 ASIA-PACIFIC 75
8.3.1.1 Rod Lift 76
8.3.1.2 ESP 76
8.3.2 EUROPE 77
8.3.2.1 Rod Lift 78
8.3.2.2 ESP 78
8.3.3 MIDDLE EAST & AFRICA 79
8.3.3.1 Rod Lift 80
8.3.3.2 ESP 80
8.3.4 NORTH AMERICA 81
8.3.4.1 Rod Lift 82
8.3.4.2 ESP 82
8.3.5 SOUTH & CENTRAL AMERICA 83
8.3.5.1 Rod Lift 84
8.3.5.2 ESP 85

9 ARTIFICIAL LIFT MARKET, BY REGION 86
9.1 INTRODUCTION 87
9.2 NORTH AMERICA 89
9.2.1 U.S. 90
9.2.2 CANADA 91
9.3 SOUTH & CENTRAL AMERICA 92
9.3.1 VENEZUELA 94
9.3.2 BRAZIL 95
9.3.3 MEXICO 96
9.3.4 COLOMBIA 97
9.3.5 ECUADOR 98
9.3.6 OTHERS 99
9.4 EUROPE 100
9.4.1 RUSSIA 101
9.4.2 U.K. 102
9.4.3 NORWAY 103
9.4.4 OTHERS 105
9.5 ASIA-PACIFIC 105
9.5.1 CHINA 106
9.5.2 MALAYSIA 108
9.5.3 INDIA 109
9.5.4 INDONESIA 110
9.5.5 OTHERS 111
9.6 MIDDLE EAST & AFRICA 112
9.6.1 UAE 113
9.6.2 SAUDI ARABIA 114
9.6.3 OMAN 115
9.6.4 KUWAIT 116
9.6.5 NIGERIA 118
9.6.6 ANGOLA 119
9.6.7 OTHERS 121

10 COMPETITIVE LANDSCAPE 122
10.1 OVERVIEW 123
10.2 MARKET SHARE ANALYSIS 126
10.3 COMPETITIVE SITUATION & TRENDS 127
10.4 CONTRACTS & AGREEMENTS (INCLUDING PARTNERSHIPS/JOINT VENTURES/COLLABORATIONS) 128
10.5 MERGERS & ACQUISITIONS 132
10.6 EXPANSIONS 134
10.7 NEW PRODUCT LAUNCHES 137

11 COMPANY PROFILES 139
11.1 INTRODUCTION 139
11.2 BAKER HUGHES INCORPORATED 140
11.2.1 BUSINESS OVERVIEW 140
11.2.2 PRODUCT PORTFOLIO 141
11.2.3 KEY STRATEGIES 142
11.2.4 DEVELOPMENTS, 2013-2014 142
11.2.5 SWOT ANALYSIS 143
11.2.6 MNM VIEW 144
11.3 GENERAL ELECTRIC COMPANY 145
11.3.1 BUSINESS OVERVIEW 145
11.3.2 PRODUCT PORTFOLIO 146
11.3.3 KEY STRATEGIES 146
11.3.4 DEVELOPMENTS, 2011-2014 147
11.3.5 SWOT ANALYSIS 149
11.3.6 MNM VIEW 149
11.4 HALLIBURTON COMPANY 150
11.4.1 BUSINESS OVERVIEW 150
11.4.2 PRODUCT PORTFOLIO 151
11.4.3 KEY STRATEGIES 154
11.4.4 DEVELOPMENTS, 2012-2014 154
11.4.5 SWOT ANALYSIS 156
11.4.6 MNM VIEW 156
11.5 NATIONAL OILWELL VARCO, INC. 157
11.5.1 BUSINESS OVERVIEW 157
11.5.2 PRODUCT PORTFOLIO 158
11.5.3 KEY STRATEGIES 159
11.5.4 DEVELOPMENTS, 2013-2014 160
11.5.5 SWOT ANALYSIS 160
11.5.6 MNM VIEW 160
11.6 SCHLUMBERGER LIMITED 161
11.6.1 BUSINESS OVERVIEW 161
11.6.2 PRODUCT PORTFOLIO 162
11.6.3 KEY STRATEGIES 163
11.6.4 DEVELOPMENTS, 2010-2014 163
11.6.5 SWOT ANALYSIS 164
11.6.6 MNM VIEW 165
11.7 WEATHERFORD INTERNATIONAL LTD. 166
11.7.1 BUSINESS OVERVIEW 166
11.7.2 PRODUCT PORTFOLIO 167
11.7.3 KEY STRATEGIES 169
11.7.4 DEVELOPMENTS, 2013-2014 169
11.7.5 SWOT ANALYSIS 170
11.7.6 MNM VIEW 170
11.8 CAMERON INTERNATIONAL CORPORATION 171
11.8.1 BUSINESS OVERVIEW 171
11.8.2 PRODUCT PORTFOLIO 172
11.8.3 KEY STRATEGIES 173
11.8.4 DEVELOPMENTS, 2012-2014 173
11.9 DOVER CORPORATION 175
11.9.1 BUSINESS OVERVIEW 175
11.9.2 PRODUCT PORTFOLIO 176
11.9.3 KEY STRATEGIES 177
11.9.4 DEVELOPMENTS, 2012-2014 177
11.10 FLOTEK INDUSTRIES, INC. 179
11.10.1 BUSINESS OVERVIEW 179
11.10.2 PRODUCTS & SERVICES 180
11.10.3 KEY STRATEGIES 180
11.10.4 DEVELOPMENTS, 2014-2011 180
11.11 TENARIS S.A. 182
11.11.1 BUSINESS OVERVIEW 182
11.11.2 PRODUCT PORTFOLIO 183
11.11.3 KEY STRATEGIES 183
11.11.4 DEVELOPMENTS, 2012-2014 183
11.12 BORETS INTERNATIONAL LTD. 184
11.12.1 BUSINESS OVERVIEW 184
11.12.2 PRODUCT PORTFOLIO 184
11.12.3 KEY STRATEGIES 186
11.12.4 DEVELOPMENTS, 2013-2014 186
11.13 JOHN CRANE GROUP 187
11.13.1 BUSINESS OVERVIEW 187
11.13.2 PRODUCT PORTFOLIO 188
11.13.3 KEY STRATEGIES 188
11.13.4 DEVELOPMENTS, 2012-2014 189
11.14 J&J TECHNICAL SERVICES, LLC 190
11.14.1 BUSINESS OVERVIEW 190
11.14.2 PRODUCTS & SERVICES 190
11.14.3 KEY STRATEGIES 191
11.14.4 DEVELOPMENTS, 2011-2014 191

12 APPENDIX 192
12.1 INSIGHTS OF INDUSTRY EXPERTS 192
12.2 DISCUSSION GUIDE 193
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 195
12.4 AVAILABLE CUSTOMIZATIONS 196
12.5 RELATED REPORTS 196

LIST OF TABLES

TABLE 1 INCREASING HEAVY OIL & SHALE GAS PRODUCTION ARE PROPELLING THE GROWTH OF THE ARTIFICIAL LIFT MARKET 47
TABLE 2 LACK OF INDUSTRY PROFESSIONALS RESTRAIN MARKET GROWTH 47
TABLE 3 RECLAMATION & REDEVELOPMENT OF OILFIELD AND GROWING SUBSEA OPERATION ARE OPPORTUNITIES FOR THE ARTIFICIAL LIFT MARKET 49
TABLE 4 APPLICATION OF ARTIFICIAL LIFT IN HORIZONTAL WELLS IS A CHALLENGE 49
TABLE 5 ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION) 58
TABLE 6 POSITIVE DISPLACEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 59
TABLE 7 DYNAMIC DISPLACEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 60
TABLE 8 GAS ASSISTED ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 62
TABLE 9 ASIA-PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION) 62
TABLE 10 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION) 63
TABLE 11 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION) 64
TABLE 12 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION) 64
TABLE 13 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION) 65
TABLE 14 COMPARISON CHART OF LIFT TYPES 67
TABLE 15 ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 70
TABLE 16 ROD LIFT: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 70
TABLE 17 ESP: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 71
TABLE 18 PCP: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 72
TABLE 19 GAS LIFT : ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 73
TABLE 20 OTHERS : ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 74
TABLE 21 ASIA-PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION) 75
TABLE 22 ASIA-PACIFIC: ROD LIFT MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 76
TABLE 23 ASIA-PACIFIC: ESP MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 76
TABLE 24 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION) 77
TABLE 25 EUROPE: ROD LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 78
TABLE 26 EUROPE: ESP MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 78
TABLE 27 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION) 79
TABLE 28 MIDDLE EAST & AFRICA: ROD LIFT MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 80
TABLE 29 MIDDLE EAST & AFRICA: ESP MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 80
TABLE 30 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION) 81
TABLE 31 NORTH AMERICA: ROD LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 82
TABLE 32 NORTH AMERICA: ESP MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 82
TABLE 33 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION) 83
TABLE 34 SOUTH & CENTRAL AMERICA: ROD LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 84
TABLE 35 SOUTH & CENTRAL AMERICA: ESP MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 85
TABLE 36 ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 88
TABLE 37 NORTH AMERICA: OIL & GAS SCENARIO (VOLUME), 2009–2013 89
TABLE 38 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 90
TABLE 39 U.S.: OIL & GAS SCENARIO (VOLUME), 2009–2013 90
TABLE 40 U.S.: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 91
TABLE 41 CANADA: OIL & GAS SCENARIO (VOLUME), 2009–2013 91
TABLE 42 CANADA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 92
TABLE 43 SOUTH & CENTRAL AMERICA: OIL & GAS SCENARIO (VOLUME), 2009–2013 92
TABLE 44 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 93
TABLE 45 VENEZUELA: OIL & GAS SCENARIO (VOLUME), 2009–2013 94
TABLE 46 VENEZUELA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 95
TABLE 47 BRAZIL: OIL & GAS SCENARIO (VOLUME), 2009–2013 95
TABLE 48 BRAZIL: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 96
TABLE 49 MEXICO: OIL & GAS SCENARIO (VOLUME), 2009–2013 96
TABLE 50 MEXICO: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 97
TABLE 51 COLOMBIA: OIL & GAS SCENARIO (VOLUME), 2009–2013 97
TABLE 52 COLOMBIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 98
TABLE 53 ECUADOR: OIL & GAS SCENARIO (VOLUME), 2009–2013 98
TABLE 54 ECUADOR: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 99
TABLE 55 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 99
TABLE 56 EUROPE: OIL & GAS SCENARIO, 2009–2013 100
TABLE 57 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 100
TABLE 58 RUSSIA: OIL & GAS SCENARIO (VOLUME), 2009–2013 101
TABLE 59 RUSSIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 102
TABLE 60 U.K.: OIL & GAS SCENARIO (VOLUME), 2009–2013 102
TABLE 61 U.K.: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 103
TABLE 62 NORWAY: OIL & GAS SCENARIO (VOLUME), 2009–2013 103
TABLE 63 NORWAY: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 104
TABLE 64 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 105
TABLE 65 ASIA-PACIFIC: OIL & GAS SCENARIO (VOLUME), 2009–2013 105
TABLE 66 ASIA-PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 106
TABLE 67 CHINA: OIL & GAS SCENARIO (VOLUME), 2009–2013 106
TABLE 68 CHINA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 107
TABLE 69 MALAYSIA: OIL & GAS SCENARIO (VOLUME), 2009–2013 108
TABLE 70 MALAYSIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 108
TABLE 71 INDIA: OIL & GAS SCENARIO (VOLUME), 2009–2013 109
TABLE 72 INDIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 109
TABLE 73 INDONESIA: OIL & GAS SCENARIO (VOLUME), 2009–2013 110
TABLE 74 INDONESIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 110
TABLE 75 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 111
TABLE 76 MIDDLE EAST & AFRICA: OIL & GAS SCENARIO (VOLUME), 2009–2013 112
TABLE 77 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 112
TABLE 78 UAE.: OIL & GAS SCENARIO (VOLUME), 2009–2013 113
TABLE 79 UAE: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 113
TABLE 80 SAUDI ARABIA: OIL & GAS SCENARIO (VOLUME), 2009–2013 114
TABLE 81 SAUDI ARABIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 114
TABLE 82 OMAN: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 116
TABLE 83 KUWAIT: OIL & GAS SCENARIO (VOLUME), 2009–2013 116
TABLE 84 KUWAIT: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 117
TABLE 85 NIGERIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 119
TABLE 86 ANGOLA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 120
TABLE 87 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION) 121
TABLE 88 CONTRACTS & AGREEMENTS (INCLUDING PARTNERSHIPS/JOINT VENTURES/COLLABORATIONS), 2011–2014 128
TABLE 89 MERGERS & ACQUISITIONS, 2011-2014 132
TABLE 90 EXPANSIONS, 2011-2014 134
TABLE 91 NEW PRODUCT LAUNCHES, 2011-2014 137

LIST OF FIGURES

FIGURE 1 MARKETS COVERED: ARTIFICIAL LIFT MARKET 16
FIGURE 2 ARTIFICIAL LIFT MARKET: RESEARCH DESIGN 18
FIGURE 3 CRUDE OIL PRODUCTION HAS INCREASED BY 3 MILLION BPD IN THE PAST FIVE YEARS 22
FIGURE 4 CURRENTLY, ALMOST ONE MILLION PRODUCING OIL WELLS PRESENT IN THE WORLD 23
FIGURE 5 CAPITAL SPENDING ON EXPLORATION & PRODUCTION ACTIVITIES TO EXCEED $700 BILLION IN 2014 23
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 24
FIGURE 7 DATA TRIANGULATION METHODOLOGY 25
FIGURE 8 GLOBAL PRODUCING WELL COUNT, 2013 27
FIGURE 9 SNAPSHOT: ESP MARKET TO ALMOST DOUBLE BETWEEN 2014 & 2019 28
FIGURE 10 NORTH AMERICA DOMINATED THE ARTIFICIAL LIFT MARKET IN 2013 29
FIGURE 11 ESP & ROD LIFT ARE THE MOST PROMISING FUTURE MARKETS 30
FIGURE 12 POSITIVE DISPLACEMENT MECHANISM TO LEAD THE ARTIFICIAL LIFT MARKET 30
FIGURE 13 CAMERON INTERNATIONAL MOST ACTIVE IN SIGNING CONTRACTS AND AGREEMENTS, 2011-2014 31
FIGURE 14 ATTRACTIVE MARKET OPPORTUNITIES IN THE ARTIFICIAL LIFT MARKET 33
FIGURE 15 ARTIFICIAL LIFT MARKET SHARE, BY TOP 10 COUNTRY, 2013 ($MILLION) 34
FIGURE 16 ESP DOMINATED THE ARTIFICIAL LIFT MARKET IN 2013 ($MILLION) 35
FIGURE 17 NORTH AMERICA AND EUROPE ARE THE LARGEST ARTIFICIAL LIFT MARKET 36
FIGURE 18 U.S. IS THE LARGEST ARTIFICIAL LIFT MARKET BETWEEN 2014-2019 37
FIGURE 19 ARTIFICIAL LIFT MARKET SIZE (VALUE), BY TYPE, 2019 38
FIGURE 20 SOUTH & CENTRAL AMERICA IS THE FASTEST GROWING MARKET 39
FIGURE 21 ARTIFICIAL LIFT INCREASINGLY BECOMING A PART OF INTEGRATED OILFIELD SERVICES 41
FIGURE 22 MARKET SEGMENTATION OF ARTIFICIAL LIFT 42
FIGURE 23 SEGMENTATION OF THE ARTIFICIAL LIFT MARKET, BY TYPE 42
FIGURE 24 SEGMENTATION OF THE ARTIFICIAL LIFT MARKET, BY MECHANISM 43
FIGURE 25 SEGMENTATION OF THE ARTIFICIAL LIFT MARKET, BY REGION 43
FIGURE 26 MARKET DYNAMICS OF ARTIFICIAL LIFT 44
FIGURE 27 PROJECTED HEAVY OIL RESERVE BY MAJOR COUNTRY, 2014 45
FIGURE 28 SHALE GAS PRODUCTION FROM 2011 TO 2020 46
FIGURE 29 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING OPERATION & AFTER-SALES PHASE 51
FIGURE 30 PORTER’S FIVE FORCES ANALYSIS: INTENSITY OF RIVALRY IS HIGH IN THE ARTIFICIAL LIFT MARKET 52
FIGURE 31 ARTIFICIAL LIFT MARKET SHARE (VALUE), BY MECHANISM, 2013 56
FIGURE 32 ARTIFICIAL LIFT MARKET, BY MECHANISM, 2014-2019 57
FIGURE 33 POSITIVE DISPLACEMENT WOULD DRIVE THE GROWTH OF THE ARTIFICIAL LIFT MARKET 57
FIGURE 34 POSITIVE DISPLACEMENT MECHANISM MARKET SHARE, BY REGION, 2013 59
FIGURE 35 DYNAMIC DISPLACEMENT MARKET SHARE, BY REGION, 2013 60
FIGURE 36 GAS ASSISTED ARTIFICIAL LIFT MARKET SHARE, BY REGION, 2013 61
FIGURE 37 ARTIFICIAL LIFT MARKET SHARE (VALUE), BY LIFT TYPE, 2013 68
FIGURE 38 ROD LIFT AND ESP ARE GROWING FAST BETWEEN 2014 AND 2019 69
FIGURE 39 ARTIFICIAL LIFT MARKET SHARE (VALUE), BY REGION, 2013 87
FIGURE 40 REGIONAL SNAPSHOT – RAPID GROWTH IN COUNTRIES OF ARTIFICIAL LIFT MARKET BETWEEN 2014-2019 88
FIGURE 41 NORTH AMERICA IS EXPECTED TO DOMINATE THE ARTIFICIAL LIFT MARKET FROM 2014 TO 2019 89
FIGURE 42 SOUTH & CENTRAL AMERICA IS THE HIGHEST GROWING REGION IN THE ARTIFICIAL LIFT MARKET 94
FIGURE 43 OMAN: OIL & GAS SCENARIO (VOLUME), 2009–2013 115
FIGURE 44 NIGERIA: OIL & GAS SCENARIO (VOLUME), 2009–2013 118
FIGURE 45 ANGOLA: OIL & GAS SCENARIO (VOLUME), 2009–2013 120
FIGURE 46 COMPANIES ADOPTED VARIOUS GROWTH STRATEGIES IN THE PAST THREE YEARS 123
FIGURE 47 NATIONAL OILWELL VARCO GREW AT THE HIGHEST RATE DURING 2010-2013 124
FIGURE 48 BATTLE FOR MARKET SHARE: CONTRACTS & AGREEMENTS IS THE KEY GROWTH STRATEGY 125
FIGURE 49 ARTIFICIAL LIFT MARKET SHARE, BY KEY PLAYER, 2013 126
FIGURE 50 CONTRACT, AGREEMENTS AND M&A ACTIVITIES DOMINATE COMPANY DEVELOPMENTS 127
FIGURE 51 REGIONAL REVENUE MIX OF THE TOP 5 MARKET PLAYERS 139
FIGURE 52 BAKER HUGHES INCORPORATED: BUSINESS OVERVIEW 140
FIGURE 53 GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW 145
FIGURE 54 HALLIBURTON COMPANY: BUSINESS OVERVIEW 150
FIGURE 55 NATIONAL OILWELL VARCO: BUSINESS OVERVIEW 157
FIGURE 56 SCHLUMBERGER LIMITED: BUSINESS OVERVIEW 161
FIGURE 57 WEATHERFORD INTERNATIONAL: BUSINESS OVERVIEW 166
FIGURE 58 CAMERON INTERNATIONAL: BUSINESS OVERVIEW 171
FIGURE 59 DOVER CORPORATION: BUSINESS OVERVIEW 175
FIGURE 60 FLOTEK INDUSTRIES: BUSINESS OVERVIEW 179
FIGURE 61 TENARIS: BUSINESS OVERVIEW 182
FIGURE 62 BORETS INTERNATIONAL LTD: BUSINESS OVERVIEW 184
FIGURE 63 JOHN CRANE: BUSINESS OVERVIEW 187
FIGURE 64 J&J TECHNICAL SERVICES: BUSINESS OVERVIEW 190


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