Artificial Lift Market by Type (ESP, PCP, Rod Lift, Gas Lift), Mechanism (Pump Assisted (Positive Displacement, Dynamic Displacement), Gas Assisted), Well Type (Horizontal, Vertical), Application (Onshore, Offshore) and Region - Global Forecast to 2027

Abstract
The artificial lift market is projected to grow from an estimated USD 6.9 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 4.8% during the forecast period. The primary drivers of the market include rising demand for oil across the globe and the increasing need for maximizing the production potential of mature oil & gas fields.

“By mechanism, the pump assisted segment is estimated to lead the market from 2022 to 2030”

The artificial lift market is segmented by mechanism into pump assisted and gas assisted. The pump assisted segment is not only expected to hold a larger market share but is also projected to witness a higher growth rate during the forecast period. This high growth rate can be attributed to the higher adoption rate of ESP and PCPs.

“By well type, the horizontal segment is projected to register a higher CAGR from 2022 to 2027”

By well type, the artificial lift market is segmented into horizontal and vertical wells. Although the vertical segment is estimated to hold a larger market share, the horizontal segment is projected to grow at a higher rate during the forecast period. This growth can be attributed to large discoveries of shale reserves and increasing hydraulic fracturing in the North American region.

Breakdown of Primaries:
In-depth interviews were conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: Asia Pacific- 33%, Middle East & Africa – 20%, Europe- 20%, and Americas 27%

Note: The tier of the companies is defined based on their total revenue as of 2021. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:

The artificial lift market is dominated by a few major players that have a wide regional presence. The leading players in the artificial lift market include Schlumberger Limited (US), Baker Hughes Company (US), Halliburton (US), NOV Inc. (US), Weatherford (US), Ebara Corporation (Japan), Borets (UAE), DistributionNow (US), ChampionX (US), JJ TECH (US), OilSERV (UAE), Novomet (Russia), and Cairn Oil and Gas (India), among others.

Study Coverage:
The report defines, describes, and forecasts the artificial lift market by type, mechanism, well type, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the artificial lift market.

Key Benefits of Buying the Report
1.The report identifies and addresses the key markets for artificial lift operations and services, which would help equipment manufacturers and service providers review the growth in demand.
2.The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3.The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Content
Table of Contents

1INTRODUCTION33
1.1STUDY OBJECTIVES33
1.2MARKET DEFINITION AND SCOPE33
1.2.1INCLUSIONS AND EXCLUSIONS34
1.3MARKET SCOPE34
1.3.1MARKETS COVERED34
1.3.2REGIONAL SCOPE35
1.3.3YEARS CONSIDERED35
1.4CURRENCY36
1.5LIMITATIONS36
1.6STAKEHOLDERS36
1.7SUMMARY OF CHANGES37
2RESEARCH METHODOLOGY38
2.1RESEARCH DATA38
FIGURE 1ARTIFICIAL LIFT MARKET: RESEARCH DESIGN38
2.1.1SECONDARY DATA39
2.1.1.1Key data from secondary sources39
2.1.2PRIMARY DATA39
2.1.2.1Key data from primary sources40
2.1.2.2Breakdown of primaries40
FIGURE 2BREAKDOWN OF PRIMARIES41
2.2MARKET BREAKDOWN AND DATA TRIANGULATION42
FIGURE 3DATA TRIANGULATION METHODOLOGY42
2.3MARKET SIZE ESTIMATION43
2.3.1BOTTOM-UP APPROACH43
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH43
2.3.2TOP-DOWN APPROACH44
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH44
2.4DEMAND-SIDE ANALYSIS45
2.4.1KEY INFLUENCING FACTORS/DRIVERS45
2.4.1.1Well count45
2.4.1.2Rig count45
FIGURE 6CRUDE OIL PRICE VS. RIG COUNT46
2.4.1.3Production46
FIGURE 7OPERATIONAL WELL COUNT VS. CRUDE OIL PRODUCTION46
2.4.1.4Crude oil prices47
FIGURE 8CRUDE OIL PRICE TREND47
2.4.2DEMAND-SIDE METRICS48
FIGURE 9METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR ARTIFICIAL LIFTS48
2.4.2.1Assumptions for demand-side analysis48
2.5SUPPLY-SIDE ANALYSIS49
FIGURE 10METRICS CONSIDERED FOR ASSESSING SUPPLY OF ARTIFICIAL LIFT MARKET49
FIGURE 11SUPPLY-SIDE ANALYSIS50
2.5.1CALCULATIONS FOR SUPPLY SIDE50
2.5.2ASSUMPTIONS FOR SUPPLY SIDE50
2.6FORECAST51
3EXECUTIVE SUMMARY52
TABLE 1ARTIFICIAL LIFT MARKET SNAPSHOT52
FIGURE 12ROD LIFTS SEGMENT TO GROW AT HIGHEST CAGR FROM 2022 TO 202753
FIGURE 13PUMP-ASSISTED SEGMENT TO DOMINATE ARTIFICIAL LIFT MARKET IN 202253
FIGURE 14HORIZONTAL SEGMENT TO REGISTER HIGHEST GROWTH FROM 2022 TO 202754
FIGURE 15ONSHORE SEGMENT WILL CONTINUE TO DOMINATE ARTIFICIAL LIFT MARKET IN 202754
FIGURE 16NORTH AMERICA DOMINATED ARTIFICIAL LIFT MARKET IN 202155
4PREMIUM INSIGHTS56
4.1ATTRACTIVE OPPORTUNITIES IN ARTIFICIAL LIFT MARKET56
FIGURE 17REDEVELOPMENT OF MATURE OILFIELDS ALONG WITH NEW OFFSHORE OILFIELD DISCOVERIES TO DRIVE MARKET56
4.2ARTIFICIAL LIFT MARKET, BY REGION56
FIGURE 18NORTH AMERICA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD56
4.3ARTIFICIAL LIFT MARKET SHARE, BY TYPE57
FIGURE 19ROD LIFTS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202157
4.4ARTIFICIAL LIFT MARKET SHARE, BY MECHANISM57
FIGURE 20PUMP-ASSISTED SEGMENT DOMINATED MARKET IN 202157
4.5ARTIFICIAL LIFT MARKET SHARE, BY WELL TYPE57
FIGURE 21VERTICAL WELL SEGMENT DOMINATED ARTIFICIAL LIFT MARKET, BY WELL TYPE, IN 202157
4.6ARTIFICIAL LIFT MARKET SHARE, BY APPLICATION58
FIGURE 22ONSHORE LARGEST APPLICATION SEGMENT OF MARKET58
4.7NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY APPLICATION AND COUNTRY58
FIGURE 23ONSHORE APPLICATION ACCOUNTED FOR LARGEST MARKET SHARE IN 202158
5MARKET OVERVIEW59
5.1INTRODUCTION59
5.2MARKET DYNAMICS59
FIGURE 24ARTIFICIAL LIFT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES59
5.2.1DRIVERS60
5.2.1.1Advancements in upstream activities concerning unconventional oil & gas reserves60
5.2.1.2Growing requirement for maximizing production potential of mature fields60
5.2.1.3Increase in global oil demand61
FIGURE 25GLOBAL OIL DEMAND, 2019–202661
TABLE 2GLOBAL OIL DEMAND (OECD VS. NON-OECD), 2019–202662
5.2.1.4Rise in heavy oil production62
5.2.2RESTRAINTS62
5.2.2.1Decreasing Capex of oilfield operators and upstream service providers62
FIGURE 26CAPITAL EXPENDITURE OF OILFIELD OPERATORS, 2017–202163
FIGURE 27CAPITAL EXPENDITURE OF OIL & GAS SERVICE PROVIDERS, 2016–202163
5.2.3OPPORTUNITIES64
5.2.3.1New oilfield discoveries64
5.2.3.2Digitalization and automation64
5.2.4CHALLENGES65
5.2.4.1Transition toward adoption of renewable energy sources65
FIGURE 28RENEWABLE CAPACITY ADDITIONS, BY COUNTRY/REGION, 2019–202165
5.2.4.2Application of ALMs in horizontal wells65
TABLE 3HORIZONTAL WELL: ARTIFICIAL LIFT METHODS66
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES66
5.3.1REVENUE SHIFT AND NEW REVENUE POCKETS IN ARTIFICIAL LIFT MARKET66
FIGURE 29REVENUE SHIFT OF ARTIFICIAL LIFT SERVICE PROVIDERS67
5.4SUPPLY CHAIN ANALYSIS67
FIGURE 30SUPPLY CHAIN ANALYSIS67
5.4.1RAW MATERIAL SUPPLIERS68
5.4.2ARTIFICIAL LIFT MANUFACTURERS68
5.4.3ARTIFICIAL LIFT SERVICE PROVIDERS68
5.4.4OILFIELD OPERATORS68
5.5ECOSYSTEM/MARKET MAP68
TABLE 4ARTIFICIAL LIFT MARKET ECOSYSTEM68
5.6KEY CONFERENCES AND EVENTS69
TABLE 5LIST OF CONFERENCES AND EVENTS IN ARTIFICIAL LIFT MARKET, 2022–202369
5.7REGULATORY ANALYSIS70
5.7.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
TABLE 6NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
TABLE 7EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
TABLE 8REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY COUNTRY71
TABLE 9ARTIFICIAL LIFT MARKET: REGULATIONS71
5.8PATENT ANALYSIS72
5.9PORTER’S FIVE FORCES ANALYSIS73
FIGURE 31ARTIFICIAL LIFT MARKET: PORTER’S FIVE FORCES ANALYSIS73
TABLE 10ARTIFICIAL LIFT MARKET: PORTER’S FIVE FORCES ANALYSIS74
5.9.1THREAT OF NEW ENTRANTS74
5.9.2BARGAINING POWER OF SUPPLIERS74
5.9.3BARGAINING POWER OF BUYERS74
5.9.4THREAT OF SUBSTITUTES74
5.9.5DEGREE OF COMPETITION75
5.10TECHNOLOGY ANALYSIS75
5.11PRICING ANALYSIS76
FIGURE 32ARTIFICIAL LIFT OPEX, BY TYPE (USD)76
5.12KEY STAKEHOLDERS AND BUYING CRITERIA76
5.12.1KEY STAKEHOLDERS IN BUYING PROCESS76
FIGURE 33INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS76
TABLE 11INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%)77
5.12.2BUYING CRITERIA77
FIGURE 34KEY BUYING CRITERIA FOR ARTIFICIAL LIFT TYPES77
TABLE 12KEY BUYING CRITERIA FOR ARTIFICIAL LIFT TYPES77
5.13CASE STUDY ANALYSIS78
5.13.1NOVOMET’S IMPACTFUL PERFORATION SOLUTION IN ECUADOR78
TABLE 13IMPORT DATA FOR ROTARY PUMPS, 2019–2021 (USD MILLION)78
TABLE 14EXPORT DATA FOR ROTARY PUMPS, 2019–2021 (USD MILLION)79
6ARTIFICIAL LIFT MARKET, BY TYPE81
6.1INTRODUCTION82
TABLE 15COMPARISON OF ARTIFICIAL LIFT METHODS82
FIGURE 35ARTIFICIAL LIFT MARKET SHARE, BY TYPE, 202183
TABLE 16ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)83
TABLE 17ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)83
6.2ROD LIFTS84
6.2.1RISE IN USE OF ARTIFICIAL ROD LIFTS IN OIL & GAS INDUSTRY FOR OIL DRILLING84
TABLE 18ROD LIFTS: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)84
TABLE 19ROD LIFTS: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)84
6.3ELECTRICAL SUBMERSIBLE PUMPS85
6.3.1EFFICIENT MANUFACTURING DESIGN AND OPERATIONAL CHARACTERISTICS TO SUPPORT ADOPTION85
TABLE 20ELECTRICAL SUBMERSIBLE PUMPS: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)85
TABLE 21ELECTRICAL SUBMERSIBLE PUMPS: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)85
6.4GAS LIFT SYSTEMS86
6.4.1LOW OPERATING COSTS TO BOOST MARKET GROWTH86
TABLE 22GAS LIFT SYSTEMS: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)86
TABLE 23GAS LIFT SYSTEMS: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)86
6.5PROGRESSIVE CAVITY PUMPS87
6.5.1DEMAND FOR PROGRESSIVE CAVITY PUMPS IN SHALLOW WELLS EXPECTED TO RISE87
TABLE 24PROGRESSIVE CAVITY PUMPS: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)87
TABLE 25PROGRESSIVE CAVITY PUMPS: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)88
6.6OTHERS88
TABLE 26OTHERS: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)88
TABLE 27OTHERS: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)89
7ARTIFICIAL LIFT MARKET, BY MECHANISM90
7.1INTRODUCTION91
FIGURE 36ARTIFICIAL LIFT MARKET SHARE, BY MECHANISM, 202191
TABLE 28ARTIFICIAL LIFT MARKET, BY MECHANISM, 2016–2019 (USD MILLION)91
TABLE 29ARTIFICIAL LIFT MARKET, BY MECHANISM, 2020–2027 (USD MILLION)91
7.2PUMP ASSISTED92
TABLE 30PUMP ASSISTED: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2016–2019 (USD MILLION)92
TABLE 31PUMP ASSISTED: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2020–2027 (USD MILLION)92
TABLE 32PUMP ASSISTED: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)92
TABLE 33PUMP ASSISTED: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)93
7.2.1POSITIVE DISPLACEMENT93
7.2.1.1Increasing adoption of rod lift pumps and PCPs in North America and Middle East & Africa to drive market93
TABLE 34POSITIVE DISPLACEMENT: PUMP-ASSISTED ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)93
TABLE 35POSITIVE DISPLACEMENT: PUMP-ASSISTED ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)94
7.2.2DYNAMIC DISPLACEMENT94
7.2.2.1Rise in multistage drilling operations to drive market94
TABLE 36DYNAMIC DISPLACEMENT: PUMP-ASSISTED ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)94
TABLE 37DYNAMIC DISPLACEMENT: PUMP-ASSISTED ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)95
7.3GAS ASSISTED95
7.3.1MORE VERTICAL GAS WELLS ADOPTING GAS-ASSISTED SYSTEMS95
TABLE 38GAS ASSISTED: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)95
TABLE 39GAS ASSISTED: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)96
8ARTIFICIAL LIFT MARKET, BY WELL TYPE97
8.1INTRODUCTION98
FIGURE 37ARTIFICIAL LIFT MARKET SHARE, BY WELL TYPE, 202198
TABLE 40ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)98
TABLE 41ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2020–2027 (USD MILLION)98
8.2HORIZONTAL99
8.2.1ESPS, JET PUMPS, AND PCPS USED IN HORIZONTAL WELL DRILLING99
TABLE 42HORIZONTAL WELL: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)99
TABLE 43HORIZONTAL WELL: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)99
8.3VERTICAL100
8.3.1VERTICAL WELL DRILLING CONSIDERED CONVENTIONAL METHOD OF OIL & GAS EXTRACTION100
TABLE 44VERTICAL WELL: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)100
TABLE 45VERTICAL WELL: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)100
9ARTIFICIAL LIFT MARKET, BY APPLICATION101
9.1INTRODUCTION102
FIGURE 38ARTIFICIAL LIFT MARKET SHARE, BY APPLICATION, 2021102
TABLE 46ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)102
TABLE 47ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)102
9.2ONSHORE103
9.2.1REDEVELOPMENT OF MATURE ONSHORE OILFIELDS ALONG WITH GROWING SHALE ACTIVITIES TO DRIVE MARKET103
TABLE 48ONSHORE: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)103
TABLE 49ONSHORE: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)103
9.3OFFSHORE104
9.3.1MATURING SHALLOW OILFIELDS DRIVING OFFSHORE ARTIFICIAL LIFT MARKET104
TABLE 50OFFSHORE: ARTIFICIAL LIFT MARKET, BY REGION, 2016–2019 (USD MILLION)104
TABLE 51OFFSHORE: ARTIFICIAL LIFT MARKET, BY REGION, 2020–2027 (USD MILLION)104
10ARTIFICIAL LIFT MARKET, BY REGION105
10.1INTRODUCTION106
FIGURE 39ARTIFICIAL LIFT MARKET SHARE, BY REGION, 2021106
FIGURE 40NORTH AMERICA LARGEST AND FASTEST-GROWING MARKET106
10.2NORTH AMERICA107
FIGURE 41NORTH AMERICA: ARTIFICIAL LIFT MARKET SNAPSHOT108
10.2.1BY TYPE108
TABLE 54NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)108
TABLE 55NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)109
10.2.2BY MECHANISM109
TABLE 56NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2016–2019 (USD MILLION)109
TABLE 57NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2020–2027 (USD MILLION)109
10.2.3BY PUMP-ASSISTED MECHANISM110
TABLE 58NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2016–2019 (USD MILLION)110
TABLE 59NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2020–2027 (USD MILLION)110
10.2.4BY WELL TYPE110
TABLE 60NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)110
TABLE 61NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2020–2027 (USD MILLION)110
10.2.5BY APPLICATION111
TABLE 62NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)111
TABLE 63NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)111
10.2.6BY COUNTRY111
TABLE 64NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION)111
TABLE 65NORTH AMERICA: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)111
10.2.6.1US112
10.2.6.1.1Increasing exploration and production of shale and tight oil reserves to drive market112
TABLE 66US: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)112
TABLE 67US: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)113
TABLE 68US: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)113
TABLE 69US: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)113
10.2.6.2Canada113
10.2.6.2.1Increasing exploration and drilling of oil sands and offshore wells to provide lucrative growth opportunities113
TABLE 70CANADA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)114
TABLE 71CANADA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)114
TABLE 72CANADA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)115
TABLE 73CANADA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)115
10.2.6.3Mexico115
10.2.6.3.1Increasing focus on redeveloping mature fields to offer growth opportunities115
TABLE 74MEXICO: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)116
TABLE 75MEXICO: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)116
TABLE 76MEXICO: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)116
TABLE 77MEXICO: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)117
10.3EUROPE117
FIGURE 42EUROPE: ARTIFICIAL LIFT MARKET SNAPSHOT118
10.3.1BY TYPE118
TABLE 78EUROPE: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)118
TABLE 79EUROPE: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)119
10.3.2BY MECHANISM119
TABLE 80EUROPE: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2016–2019 (USD MILLION)119
TABLE 81EUROPE: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2020–2027 (USD MILLION)119
10.3.3BY PUMP-ASSISTED MECHANISM120
TABLE 82EUROPE: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2016–2019 (USD MILLION)120
TABLE 83EUROPE: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2020–2027 (USD MILLION)120
10.3.4BY WELL TYPE120
TABLE 84EUROPE: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)120
TABLE 85EUROPE: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2020–2027 (USD MILLION)120
10.3.5BY APPLICATION121
TABLE 86EUROPE: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)121
TABLE 87EUROPE: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)121
10.3.6BY COUNTRY121
TABLE 88EUROPE: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION)121
TABLE 89EUROPE: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)122
10.3.6.1Russia122
10.3.6.1.1Investments in Arctic offshore to drive offshore artificial lift market in Russia122
TABLE 90RUSSIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)122
TABLE 91RUSSIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)123
TABLE 92RUSSIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)123
TABLE 93RUSSIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)123
10.3.6.2UK124
10.3.6.2.1Redevelopment of brownfields to drive artificial lift market in UK124
TABLE 94UK: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)124
TABLE 95UK: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)124
TABLE 96UK: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)125
TABLE 97UK: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)125
10.3.6.3Norway125
10.3.6.3.1Rising offshore exploration and production in Norwegian Continental Shelf (NCS) to support market growth125
TABLE 98NORWAY: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)126
TABLE 99NORWAY: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)126
TABLE 100NORWAY: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)126
TABLE 101NORWAY: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)127
10.3.6.4Rest of Europe127
TABLE 102REST OF EUROPE: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)127
TABLE 103REST OF EUROPE: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)128
TABLE 104REST OF EUROPE: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)128
TABLE 105REST OF EUROPE: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)128
10.4ASIA PACIFIC129
10.4.1BY TYPE129
TABLE 106ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)129
TABLE 107ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)129
10.4.2BY MECHANISM130
TABLE 108ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2016–2019 (USD MILLION)130
TABLE 109ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2020–2027 (USD MILLION)130
10.4.3BY PUMP-ASSISTED MECHANISM130
TABLE 110ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2016–2019 (USD MILLION)130
TABLE 111ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2020–2027 (USD MILLION)130
10.4.4BY WELL TYPE131
TABLE 112ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)131
TABLE 113ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2020–2027 (USD MILLION)131
10.4.5BY APPLICATION131
TABLE 114ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)131
TABLE 115ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)131
10.4.6BY COUNTRY132
TABLE 116ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION)132
TABLE 117ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)132
10.4.6.1China132
10.4.6.1.1Depleting giant oil & gas fields and increasing crude oil imports favor implementation of artificial lifts in China132
TABLE 118CHINA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)133
TABLE 119CHINA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)133
TABLE 120CHINA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)133
TABLE 121CHINA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)134
10.4.6.2Indonesia134
10.4.6.2.1Enhanced oil recovery applications to drive market134
TABLE 122INDONESIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)134
TABLE 123INDONESIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)135
TABLE 124INDONESIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)135
TABLE 125INDONESIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)135
10.4.6.3Malaysia136
10.4.6.3.1Rising deepwater explorations and increasing oil & gas production from existing fields to drive market136
TABLE 126MALAYSIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)136
TABLE 127MALAYSIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)136
TABLE 128MALAYSIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)137
TABLE 129MALAYSIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)137
10.4.6.4India137
10.4.6.4.1Increase in crude oil imports to drive market137
TABLE 130INDIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)138
TABLE 131INDIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)138
TABLE 132INDIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)138
TABLE 133INDIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)139
10.4.6.5Rest of Asia Pacific139
TABLE 134REST OF ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)139
TABLE 135REST OF ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)140
TABLE 136REST OF ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)140
TABLE 137REST OF ASIA PACIFIC: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)140
10.5MIDDLE EAST & AFRICA141
10.5.1BY TYPE141
TABLE 138MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)141
TABLE 139MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)141
10.5.2BY MECHANISM142
TABLE 140MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2016–2019 (USD MILLION)142
TABLE 141MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2020–2027 (USD MILLION)142
10.5.3BY PUMP-ASSISTED MECHANISM142
TABLE 142MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2016–2019 (USD MILLION)142
TABLE 143MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2020–2027 (USD MILLION)143
10.5.4BY WELL TYPE143
TABLE 144MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)143
TABLE 145MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2020–2027 (USD MILLION)143
10.5.5BY APPLICATION144
TABLE 146MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)144
TABLE 147MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)144
10.5.6BY COUNTRY144
TABLE 148MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION)144
TABLE 149MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)145
10.5.6.1Angola145
10.5.6.1.1Increasing oil production activities to drive market in Angola145
TABLE 150ANGOLA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)146
TABLE 151ANGOLA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)146
TABLE 152ANGOLA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)146
TABLE 153ANGOLA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)147
10.5.6.2Oman147
10.5.6.2.1New oil discoveries from Omani companies to drive market147
TABLE 154OMAN: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)147
TABLE 155OMAN: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)148
TABLE 156OMAN: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)148
TABLE 157OMAN: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)148
10.5.6.3Nigeria149
10.5.6.3.1Development of mature oil & gas fields and exploration & production activities in deep and ultra deepwater to boost market149
TABLE 158NIGERIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)149
TABLE 159NIGERIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)149
TABLE 160NIGERIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)150
TABLE 161NIGERIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)150
10.5.6.4Saudi Arabia150
10.5.6.4.1Increasing crude oil production from declining reserves to drive adoption of artificial lifts150
TABLE 162SAUDI ARABIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)150
TABLE 163SAUDI ARABIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)151
TABLE 164SAUDI ARABIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)151
TABLE 165SAUDI ARABIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)151
10.5.6.5Kuwait152
10.5.6.5.1Upcoming investments for development of oilfields to boost market152
TABLE 166KUWAIT: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)152
TABLE 167KUWAIT: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)152
TABLE 168KUWAIT: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)153
TABLE 169KUWAIT: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)153
10.5.6.6UAE153
10.5.6.6.1Employment of EOR and artificial lift techniques at existing oilfields offer lucrative opportunities153
TABLE 170UAE: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)153
TABLE 171UAE: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)154
TABLE 172UAE: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)154
TABLE 173UAE: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)154
10.5.6.7Rest of Middle East & Africa154
TABLE 174REST OF MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)155
TABLE 175REST OF MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)155
TABLE 176REST OF MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)155
TABLE 177REST OF MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)156
10.6SOUTH AMERICA156
10.6.1BY TYPE156
TABLE 178SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)156
TABLE 179SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)157
10.6.2BY MECHANISM157
TABLE 180SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2016–2019 (USD MILLION)157
TABLE 181SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY MECHANISM, 2020–2027 (USD MILLION)157
10.6.3BY PUMP-ASSISTED MECHANISM158
TABLE 182SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2016–2019 (USD MILLION)158
TABLE 183SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY PUMP-ASSISTED MECHANISM, 2020–2027 (USD MILLION)158
10.6.4BY WELL TYPE158
TABLE 184SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2016–2019 (USD MILLION)158
TABLE 185SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY WELL TYPE, 2020–2027 (USD MILLION)158
10.6.5BY APPLICATION159
TABLE 186SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)159
TABLE 187SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)159
10.6.6BY COUNTRY159
TABLE 188SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION)159
TABLE 189SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)160
10.6.6.1Venezuela160
10.6.6.1.1Lucrative government laws for exploration and production activities to boost market160
TABLE 190VENEZUELA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)160
TABLE 191VENEZUELA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)161
TABLE 192VENEZUELA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)161
TABLE 193VENEZUELA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)161
10.6.6.2Brazil162
10.6.6.2.1Increasing offshore exploration and production activities to boost market162
TABLE 194BRAZIL: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)162
TABLE 195BRAZIL: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)162
TABLE 196BRAZIL: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)163
TABLE 197BRAZIL: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)163
10.6.6.3Colombia163
10.6.6.3.1Increasing exploration and production activities owing to favorable regulatory reforms to drive market163
TABLE 198COLOMBIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)163
TABLE 199COLOMBIA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)164
TABLE 200COLOMBIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)164
TABLE 201COLOMBIA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)164
10.6.6.4Ecuador165
10.6.6.4.1Increasing production from oil reserves to drive demand for artificial lifts165
TABLE 202ECUADOR: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)165
TABLE 203ECUADOR: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)165
TABLE 204ECUADOR: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)166
TABLE 205ECUADOR: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)166
10.6.6.5Rest of South America166
TABLE 206REST OF SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2016–2019 (USD MILLION)167
TABLE 207REST OF SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY TYPE, 2020–2027 (USD MILLION)167
TABLE 208REST OF SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2016–2019 (USD MILLION)167
TABLE 209REST OF SOUTH AMERICA: ARTIFICIAL LIFT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)168
11COMPETITIVE LANDSCAPE169
11.1OVERVIEW169
FIGURE 43KEY DEVELOPMENTS IN ARTIFICIAL LIFT MARKET, 2017 TO 2022170
11.2MARKET SHARE ANALYSIS171
TABLE 210ARTIFICIAL LIFT MARKET: DEGREE OF COMPETITION171
FIGURE 44MARKET SHARE ANALYSIS OF TOP PLAYERS IN ARTIFICIAL LIFT MARKET, 2021171
11.3MARKET EVALUATION FRAMEWORK172
TABLE 211MARKET EVALUATION FRAMEWORK, 2017–2022172
11.4REVENUE ANALYSIS OF TOP MARKET PLAYERS173
FIGURE 45SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2017–2021173
11.5RECENT DEVELOPMENTS174
11.5.1DEALS174
TABLE 212ARTIFICIAL LIFT MARKET: DEALS174
11.5.2PRODUCT LAUNCHES175
TABLE 213ARTIFICIAL LIFT MARKET: PRODUCT LAUNCHES175
11.5.3OTHER DEVELOPMENTS176
TABLE 214ARTIFICIAL LIFT MARKET: OTHER DEVELOPMENTS176
11.6COMPETITIVE LEADERSHIP MAPPING176
11.6.1STARS176
11.6.2EMERGING LEADERS176
11.6.3PERVASIVE PLAYERS176
11.6.4PARTICIPANTS176
FIGURE 46ARTIFICIAL LIFT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021177
11.7COMPANY FOOTPRINT ANALYSIS178
TABLE 215TYPE FOOTPRINT OF COMPANIES178
TABLE 216MECHANISM FOOTPRINT OF COMPANIES179
TABLE 217REGIONAL FOOTPRINT OF COMPANIES180