Market Overview:
The global automatic artificial lift device market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, factors such as rising investments in oil and gas production, technological advancements, and growing demand for energy are also contributing to the growth of this market. Based on type, the global automatic artificial lift device market is segmented into rod lift, ESP (electrical submersible pump), PCP (positive displacement pump), hydraulic pumps, gas lift, plunger lift and others. Among these segments, ESP held a major share of the global automatic artificial lift device market in 2017 owing to its ability to handle high pressure and flow rates.
Product Definition:
An automatic artificial lift device is a piece of equipment used to increase the production rate of an oil or gas well by raising the fluid column in the well.
Rod Lift:
Rod lift is a device used in the process of automatic artificial lift to raise and lower material from one level to another. It's major application includes warehouse lifting, loading & unloading, material handling and storage & distribution.
ESP:
ESP is an electronic switch that controls the flow of a liquid in automatic devices. It is also used to control the pressure and temperature in some systems. ESPs are available in different forms such as gaskets, diaphragms, nozzles and others which are used for various applications including air compressor systems, hydraulic system & steam turbine control valves among others.
Application Insights:
Onshore application dominated the global automatic artificial lift device market in 2017, accounting for over 75% of the overall revenue. The growth can be attributed to increasing onshore oil & gas production across various regions, including Middle East and Africa. Furthermore, rapid industrialization in developing countries such as India and China is expected to drive demand for hydraulic pumps over the forecast period.
The offshore segment is anticipated to witness significant growth during the forecast period owing to rising demand from emerging economies such as Brazil, South Africa and Mexico among others. In addition, low supply of skilled labor along with high installation cost has restrained demand from onshore markets thus driving it offshore where labor costs are relatively cheaper than other locations globally.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being a major oil and gas producer, is expected to be a key regional market over the forecast period. Increasing exploration activities coupled with rising demand for petroleum products are projected to drive product demand over the coming years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing offshore drilling activities across countries such as China, India, Malaysia and Indonesia among others will boost product demand over the next eight years The Middle East & Africa region is also likely to exhibit high growth on account of growing energy needs coupled with upcoming projects including Saudi Arabia’s planned megaprojects Vision 2030 and Kingdom 1022 are expected drive ESP utilization rates significantly within this region In addition, rapid development along with increasing government spending on infrastructure has led various countries such as UAE.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the upstream sector
- Proliferation of new technologies and devices for artificial lift
- Growing number of mature oilfields that need to be rejuvenated with better production techniques
- Emergence of shale gas as a potential source of energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Automatic Artificial Lift Device Market Research Report
By Type
Rod Lift, ESP, PCP, Hydraulic Pumps, Gas Lift, Plunger Lift
By Application
Onshore, Offshore
By Companies
Weatherford, Schlumberger, General Electric, GE(Baker Hughes), Halliburton, Dover, National Oilwell Varco, Borets, Cameron, Novomet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automatic Artificial Lift Device Market Report Segments:
The global Automatic Artificial Lift Device market is segmented on the basis of:
Types
Rod Lift, ESP, PCP, Hydraulic Pumps, Gas Lift, Plunger Lift
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Weatherford
- Schlumberger
- General Electric
- GE(Baker Hughes)
- Halliburton
- Dover
- National Oilwell Varco
- Borets
- Cameron
- Novomet
Highlights of The Automatic Artificial Lift Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rod Lift
- ESP
- PCP
- Hydraulic Pumps
- Gas Lift
- Plunger Lift
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automatic Artificial Lift Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An Automatic Artificial Lift Device is a machine that helps people with disabilities or medical conditions to get in and out of vehicles.
Some of the major players in the automatic artificial lift device market are Weatherford, Schlumberger, General Electric, GE(Baker Hughes), Halliburton, Dover, National Oilwell Varco, Borets, Cameron, Novomet.
The automatic artificial lift device market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automatic Artificial Lift Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automatic Artificial Lift Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automatic Artificial Lift Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automatic Artificial Lift Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automatic Artificial Lift Device Market Size & Forecast, 2018-2028
4.5.1 Automatic Artificial Lift Device Market Size and Y-o-Y Growth
4.5.2 Automatic Artificial Lift Device Market Absolute $ Opportunity
Chapter 5 Global Automatic Artificial Lift Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automatic Artificial Lift Device Market Size Forecast by Type
5.2.1 Rod Lift
5.2.2 ESP
5.2.3 PCP
5.2.4 Hydraulic Pumps
5.2.5 Gas Lift
5.2.6 Plunger Lift
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automatic Artificial Lift Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automatic Artificial Lift Device Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automatic Artificial Lift Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automatic Artificial Lift Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automatic Artificial Lift Device Analysis and Forecast
9.1 Introduction
9.2 North America Automatic Artificial Lift Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automatic Artificial Lift Device Market Size Forecast by Type
9.6.1 Rod Lift
9.6.2 ESP
9.6.3 PCP
9.6.4 Hydraulic Pumps
9.6.5 Gas Lift
9.6.6 Plunger Lift
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automatic Artificial Lift Device Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automatic Artificial Lift Device Analysis and Forecast
10.1 Introduction
10.2 Europe Automatic Artificial Lift Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automatic Artificial Lift Device Market Size Forecast by Type
10.6.1 Rod Lift
10.6.2 ESP
10.6.3 PCP
10.6.4 Hydraulic Pumps
10.6.5 Gas Lift
10.6.6 Plunger Lift
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automatic Artificial Lift Device Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automatic Artificial Lift Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automatic Artificial Lift Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automatic Artificial Lift Device Market Size Forecast by Type
11.6.1 Rod Lift
11.6.2 ESP
11.6.3 PCP
11.6.4 Hydraulic Pumps
11.6.5 Gas Lift
11.6.6 Plunger Lift
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automatic Artificial Lift Device Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automatic Artificial Lift Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Automatic Artificial Lift Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automatic Artificial Lift Device Market Size Forecast by Type
12.6.1 Rod Lift
12.6.2 ESP
12.6.3 PCP
12.6.4 Hydraulic Pumps
12.6.5 Gas Lift
12.6.6 Plunger Lift
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automatic Artificial Lift Device Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automatic Artificial Lift Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automatic Artificial Lift Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automatic Artificial Lift Device Market Size Forecast by Type
13.6.1 Rod Lift
13.6.2 ESP
13.6.3 PCP
13.6.4 Hydraulic Pumps
13.6.5 Gas Lift
13.6.6 Plunger Lift
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automatic Artificial Lift Device Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automatic Artificial Lift Device Market: Competitive Dashboard
14.2 Global Automatic Artificial Lift Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Weatherford
14.3.2 Schlumberger
14.3.3 General Electric
14.3.4 GE(Baker Hughes)
14.3.5 Halliburton
14.3.6 Dover
14.3.7 National Oilwell Varco
14.3.8 Borets
14.3.9 Cameron
14.3.10 Novomet
