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Artificial Lift Systems Market Share, Size, Trends and

Growth, By Product Analysis, Application and
Segment Forecasts To 2022

The global artificial lift systems market is expected to reach USD 29.61 billion by 2022, according to a
new study by Grand View Research, Inc. The market is poised for steady growth owing to surge in
technological advancements and innovations in order to provide efficient solutions. Recent
developments 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.
Saudi Arabia significantly pursues oil & natural gas drilling programs due to increasing domestic energy
consumption. Due to increasing industrialization and construction activities in India, demand for fuel is
rising at a faster pace, which is expected to drive artificial lift systems industry growth over the forecast
period. African countries continue to drive oil & gas production, thereby increasing drilling activities.
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Further key findings from the study suggest:
Electrical submersible pumps segment captured over 50% of the overall revenue generated in 2014.
However, the segment may lose share over the foreseeable future owing to rise in adoption of rod lifts.
Rod lifts segment is estimated to witness rapid growth over the forecast period. In 2014, the segment
accounted for over 20% of the overall market share and it is increasingly used method for vertical wells,
particularly in the U.S.

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High demand for hydraulic fracturing and horizontal drilling systems is expected to fuel over the next
few years. Hydraulic fracturing activities have led to increased supply of oil & natural gas, especially in
North America. Companies, thereby develop products to serve the hydraulic fracturing segment.
In 2014, North America artificial lift systems market captured a sizeable share in terms of revenue. This
may be attributed to rise in oil and water drilling activities. Further, prevalence of several oil rigs may
also positively impact regional demand over the forecast period.
On account of high demand for kerosene in local markets, Asia Pacific is estimated to witness rapid
growth over the next seven years. The region accounted for over 20% of the overall revenue generated
in 2014.
Table Of Content
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Artificial lift systems - Industry snapshot and key buying criteria, 2012 to 2022
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Chapter 3. Artificial Lift Systems Industry Outlook
3.1. Artificial lift systems market segmentation
3.2. Artificial lift systems market size and growth prospects
3.3. Artificial lift systems Value chain analysis
3.4. Artificial lift systems market dynamics
3.5. Key opportunities prioritized
Chapter 4. Artificial Lift Systems Product Outlook
4.1. Rod lifts
4.2. Electrical Submersible Pumps (ESP)
4.3. Rod lifts
4.4. Progressive Cavity Pumps
4.5. Gas lifts
Chapter 5. Artificial Lift Systems Regional Outlook
5.1. North America
5.2. Europe
5.3. Asia Pacific

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5.4. RoW
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