Subsea Artificial Lift Systems Market Size By Application, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
56141 | Date :
Jan, 2023 | Pages :
168 | Region : Global |
Publisher : RI
Artificial lift is a process used on oil wells to increase pressure within the reservoir and encourage oil to the surface. When the natural drive energy of the reservoir is not strong enough to push the oil to the surface, artificial lift is employed to recover more production.
The rising need to increase the efficiency of existing wells is one of the key drivers stimulating growth in the market during the estimated period. The drop in global crude oil prices has severely affected the upstream oil and gas sector and the drilling market. This resulted in high rates of employee layoffs and reduced revenues in major oil and gas companies. The decline in oil price has also reduced the profit margin of the upstream exploration and production (E&P) and service provider companies. This compels the upstream E&P companies to increase the efficiency and recovery of oil from existing wells. Consequently, the demand for artificial lift techniques will increase in the forthcoming years to recover oil from existing wells, mature fields, or new wells. Furthermore, explorers are also increasingly focusing on the recovery of oil using artificial lift techniques because the recovery of oil is relatively less expensive than drilling new wells.
The increasing demand for the production of oil and gas will fuel the adoption of artificial lift systems in the Americas. The US was the major participant in the production of crude oil and liquid fuel consumption during 2017. Owing to the constant increase in the demand from countries such as the US, Canada, and Mexico, North America is the second-largest consumer of crude oil across the world. This will consequently drive the market\'s growth prospects in this region during the next four years.
The Global Subsea Artificial Lift Systems Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023-2030.
In the global Subsea Artificial Lift Systems Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
Borets
JJ Tech
Multi-Chase Group
NOVOMET
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Electric Submersible Pump System
Progressive Cavity Pump System
Rod Lift
In Market segmentation by applications :
Oil Wells
Gas Wells
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Subsea Artificial Lift Systems Market for the forecast period 2023-2030?
• What are the driving forces in the Subsea Artificial Lift Systems Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Subsea Artificial Lift Systems industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
Table of Contents
1 Report Overview
1.1 Research Scope
1.2 Major Manufacturers Covered in This Report
1.3 Market Segment by Type
1.3.1 Global Subsea Artificial Lift Systems Market Size Growth Rate by Type (2020-2030)
1.3.2 Electric Submersible Pump System
1.3.3 Progressive Cavity Pump System
1.3.4 Rod Lift
1.4 Market Segment by Application
1.4.1 Global Subsea Artificial Lift Systems Market Share by Application (2020-2030)
1.4.2 Oil Wells
1.4.3 Gas Wells
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Production and Capacity Analysis
2.1.1 Global Subsea Artificial Lift Systems Production Value 2015-2030
2.1.2 Global Subsea Artificial Lift Systems Production 2015-2030
2.1.3 Global Subsea Artificial Lift Systems Capacity 2015-2030
2.1.4 Global Subsea Artificial Lift Systems Marketing Pricing and Trends
2.2 Key Producers Growth Rate (CAGR) 2020-2030
2.2.1 Global Subsea Artificial Lift Systems Market Size CAGR of Key Regions
2.2.2 Global Subsea Artificial Lift Systems Market Share of Key Regions
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
3 Market Share by Manufacturers
3.1 Capacity and Production by Manufacturers
3.1.1 Global Subsea Artificial Lift Systems Capacity by Manufacturers
3.1.2 Global Subsea Artificial Lift Systems Production by Manufacturers
3.2 Revenue by Manufacturers
3.2.1 Subsea Artificial Lift Systems Revenue by Manufacturers (2018-2022)
3.2.2 Subsea Artificial Lift Systems Revenue Share by Manufacturers (2018-2022)
3.2.3 Global Subsea Artificial Lift Systems Market Concentration Ratio (CR5 and HHI)
3.3 Subsea Artificial Lift Systems Price by Manufacturers
3.4 Key Manufacturers Subsea Artificial Lift Systems Plants/Factories Distribution and Area Served
3.5 Date of Key Manufacturers Enter into Subsea Artificial Lift Systems Market
3.6 Key Manufacturers Subsea Artificial Lift Systems Product Offered
3.7 Mergers & Acquisitions, Expansion Plans
4 Market Size by Type
4.1 Production and Production Value for Each Type
4.1.1 Electric Submersible Pump System Production and Production Value (2018-2022)
4.1.2 Progressive Cavity Pump System Production and Production Value (2018-2022)
4.1.3 Rod Lift Production and Production Value (2018-2022)
4.2 Global Subsea Artificial Lift Systems Production Market Share by Type
4.3 Global Subsea Artificial Lift Systems Production Value Market Share by Type
4.4 Subsea Artificial Lift Systems Ex-factory Price by Type
5 Market Size by Application
5.1 Overview
5.2 Global Subsea Artificial Lift Systems Consumption by Application
6 Production by Regions
6.1 Global Subsea Artificial Lift Systems Production (History Data) by Regions 2015-2020
6.2 Global Subsea Artificial Lift Systems Production Value (History Data) by Regions
6.3 United States
6.3.1 United States Subsea Artificial Lift Systems Production Growth Rate 2015-2020
6.3.2 United States Subsea Artificial Lift Systems Production Value Growth Rate 2015-2020
6.3.3 Key Players in United States
6.3.4 United States Subsea Artificial Lift Systems Import & Export
6.4 European Union
6.4.1 European Union Subsea Artificial Lift Systems Production Growth Rate 2015-2020
6.4.2 European Union Subsea Artificial Lift Systems Production Value Growth Rate 2015-2020
6.4.3 Key Players in European Union
6.4.4 European Union Subsea Artificial Lift Systems Import & Export
6.5 China
6.5.1 China Subsea Artificial Lift Systems Production Growth Rate 2015-2020
6.5.2 China Subsea Artificial Lift Systems Production Value Growth Rate 2015-2020
6.5.3 Key Players in China
6.5.4 China Subsea Artificial Lift Systems Import & Export
6.6 Rest of World
6.6.1 Japan
6.6.2 Korea
6.6.3 India
6.6.4 Southeast Asia
7 Subsea Artificial Lift Systems Consumption by Regions
7.1 Global Subsea Artificial Lift Systems Consumption (History Data) by Regions
7.2 United States
7.2.1 United States Subsea Artificial Lift Systems Consumption by Type
7.2.2 United States Subsea Artificial Lift Systems Consumption by Application
7.3 European Union
7.3.1 European Union Subsea Artificial Lift Systems Consumption by Type
7.3.2 European Union Subsea Artificial Lift Systems Consumption by Application
7.4 China
7.4.1 China Subsea Artificial Lift Systems Consumption by Type
7.4.2 China Subsea Artificial Lift Systems Consumption by Application
7.5 Rest of World
7.5.1 Rest of World Subsea Artificial Lift Systems Consumption by Type
7.5.2 Rest of World Subsea Artificial Lift Systems Consumption by Application
7.5.1 Japan
7.5.2 Korea
7.5.3 India
7.5.4 Southeast Asia
8 Company Profiles
8.1 Baker Hughes
8.1.1 Baker Hughes Company Details
8.1.2 Company Description and Business Overview
8.1.3 Production and Revenue of Subsea Artificial Lift Systems
8.1.4 Subsea Artificial Lift Systems Product Introduction
8.1.5 Baker Hughes Recent Development
8.2 Halliburton
8.2.1 Halliburton Company Details
8.2.2 Company Description and Business Overview
8.2.3 Production and Revenue of Subsea Artificial Lift Systems
8.2.4 Subsea Artificial Lift Systems Product Introduction
8.2.5 Halliburton Recent Development
8.3 National Oilwell Varco
8.3.1 National Oilwell Varco Company Details
8.3.2 Company Description and Business Overview
8.3.3 Production and Revenue of Subsea Artificial Lift Systems
8.3.4 Subsea Artificial Lift Systems Product Introduction
8.3.5 National Oilwell Varco Recent Development
8.4 Schlumberger
8.4.1 Schlumberger Company Details
8.4.2 Company Description and Business Overview
8.4.3 Production and Revenue of Subsea Artificial Lift Systems
8.4.4 Subsea Artificial Lift Systems Product Introduction
8.4.5 Schlumberger Recent Development
8.5 Weatherford
8.5.1 Weatherford Company Details
8.5.2 Company Description and Business Overview
8.5.3 Production and Revenue of Subsea Artificial Lift Systems
8.5.4 Subsea Artificial Lift Systems Product Introduction
8.5.5 Weatherford Recent Development
8.6 Borets
8.6.1 Borets Company Details
8.6.2 Company Description and Business Overview
8.6.3 Production and Revenue of Subsea Artificial Lift Systems
8.6.4 Subsea Artificial Lift Systems Product Introduction
8.6.5 Borets Recent Development
8.7 JJ Tech
8.7.1 JJ Tech Company Details
8.7.2 Company Description and Business Overview
8.7.3 Production and Revenue of Subsea Artificial Lift Systems
8.7.4 Subsea Artificial Lift Systems Product Introduction
8.7.5 JJ Tech Recent Development
8.8 Multi-Chase Group
8.8.1 Multi-Chase Group Company Details
8.8.2 Company Description and Business Overview
8.8.3 Production and Revenue of Subsea Artificial Lift Systems
8.8.4 Subsea Artificial Lift Systems Product Introduction
8.8.5 Multi-Chase Group Recent Development
8.9 NOVOMET
8.9.1 NOVOMET Company Details
8.9.2 Company Description and Business Overview
8.9.3 Production and Revenue of Subsea Artificial Lift Systems
8.9.4 Subsea Artificial Lift Systems Product Introduction
8.9.5 NOVOMET Recent Development
9 Market Forecast
9.1 Global Market Size Forecast
9.1.1 Global Subsea Artificial Lift Systems Capacity, Production Forecast 2020-2030
9.1.2 Global Subsea Artificial Lift Systems Production Value Forecast 2020-2030
9.2 Market Forecast by Regions
9.2.1 Global Subsea Artificial Lift Systems Production and Value Forecast by Regions 2020-2030
9.2.2 Global Subsea Artificial Lift Systems Consumption Forecast by Regions 2020-2030
9.3 United States
9.3.1 Production and Value Forecast in United States
9.3.2 Consumption Forecast in United States
9.4 European Union
9.4.1 Production and Value Forecast in European Union
9.4.2 Consumption Forecast in European Union
9.5 China
9.5.1 Production and Value Forecast in China
9.5.2 Consumption Forecast in China
9.6 Rest of World
9.6.1 Japan
9.6.2 Korea
9.6.3 India
9.6.4 Southeast Asia
9.7 Forecast by Type
9.7.1 Global Subsea Artificial Lift Systems Production Forecast by Type
9.7.2 Global Subsea Artificial Lift Systems Production Value Forecast by Type
9.8 Consumption Forecast by Application
10 Value Chain and Sales Channels Analysis
10.1 Value Chain Analysis
10.2 Sales Channels Analysis
10.2.1 Subsea Artificial Lift Systems Sales Channels
10.2.2 Subsea Artificial Lift Systems Distributors
10.3 Subsea Artificial Lift Systems Customers
11 Opportunities & Challenges, Threat and Affecting Factors
11.1 Market Opportunities
11.2 Market Challenges
11.3 Porters Five Forces Analysis
12 Key Findings
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
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