The Artificial Lift Systems Market Will See A Capital Expenditure (Capex) Of $12,087 Mn In 2018

02 August 2018
Energy

Visiongain’ has launched a new energy report Artificial Lift Systems Market Forecast 2018-2028: Forecast By Type (Electric Submersible Pump (ESP), Rod Lift, Progressive Cavity Pump, Gas Lift and Other Pumps including Hydraulic Pump & Plunger Lift), By Area (Onshore and Offshore) AND By Region (North America, Europe, Asia Pacific, Middle East, Africa and South America) PLUS Profiles of Leading Companies in the Artificial Lift Systems Market

Artificial lift systems are employed when the natural drive energy of the reservoir is not strong enough to push the oil to the surface. These systems enhance pressure within the reservoir and recover more oil production. Most of the wells that initially facilitate natural flow to the surface, demand for artificial lift systems once the pressure starts depleting over time. Some of the major types of artificial lift systems include an electric submersible pump (ESP), rod lift, progressive cavity pump, gas lift, plunger lift and other pumps.

From the approximate one million oil and gas wells producing in the world, around 5% flow naturally - leaving nearly all of the world’s oil and gas production reliant on some form of efficient artificial lift systems.

Rise in exploration and production (E&P) activity from unconventional wells, increase in drilling activity, the need to improve recovery rates from mature oil fields are some of the factors driving the demand for artificial lift systems.

The visiongain report analyst commented “Artificial Lift Systems Market is expected to witness a high growth on account of growing investments in exploration and production activities, development of new reserves and growing emphasis to increase the productivity from existing wells. Rising E&P activities and unconventional oil and gas boom will embellish the demand for artificial lift systems in North America followed by Europe and the Asia Pacific.”

Leading companies featured in the report who are involved in Artificial Lift Systems include Baker Hughes Inc., Halliburton, Schlumberger, Weatherford International, General Electric Company, Dover Corporation, Borets International Limited, National Oilwell Varco, Aker Solutions, Novomet, BCP Group Artificial Lift Inc. and OiLSERVE.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

“Grid-Scale Battery Storage Technolgies market worth $2,130 million in 2019” says Visiongain report as the increase in use of renewable energy such as solar and wind because this technology requires storage facilities for any excess electricity generated while operational

The demand of grid-scale battery storage technologies is expected to increase in the coming years owing to the increase energy prices, rising demand of renewable energy integration, and growth of the electric vehicle market.

06 June 2019

Read

“The Geothermal Power market will see a capital expenditure (Capex) of $7,256mn in 2019 as the world seeks out sustainable and reliable clean energy to meet their emissions reductions targets”

Geothermal is expected to witness substantial growth over the next decade and beyond as governments aim to meet their emissions reductions targets while maintaining a stable and reliable source of energy for their electricity networks.

23 May 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever