Global Artificial Lift Pump Market 2015-2019

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Global Artificial Lift Pump Market 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “There are some emerging trends in the market that are expected to mitigate the effect of the challenges to a certain extent. Advances in technologies are the important trend emerging in the market. Incorporation of new technology in artificial lift pumps through continuous R&D will help the market to grow in the future.”

• An artificial lift pump is installed in oil wells to increase pressure within the reservoir and force oil to move to the surface. Such pumps are used when the natural force inside the well is not enough to push oil to the surface. More than 70 percent of oil wells have lost natural pressure and have reached a mature phase.

• The overall market is expected to grow at a CAGR of 8.95 percent during the forecast period.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Global Artificial Lift Pump Market 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view our report:

Global Artificial Lift Pump Market 2015-2019

Baker Hughes Inc.

GE Energy LLC

Schlumberger Ltd.

Baker Hughes was founded in 1987 through the merger of Baker International and Hughes Tool and it is headquartered in Texas, US. The company is engaged in providing oil services, technology and systems, products, and other solutions to various oil and gas operators throughout the world.

GE Energy, a subsidiary of GE, is a developer and supplier of advanced technologies for energy utilities. The company operates its business through three divisions, namely, GE Oil and Gas; GE Power and Water; and GE Energy Management Services.

Schlumberger was founded by Conrad and Marcel Schlumberger in 1926 and is headquartered in Houston, Texas, US. It is one of the world’s largest oilfield services companies with a variety of business units.

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Market Landscape

• The stepped up pace of shale gas exploration in North America, worldwide need to extract oil and hike extraction efficiency from mature oil fields will propel growth in the Global Artificial Lift Pumps market.

• The US, Russia, China, and Venezuela will be important markets in the future.

• In addition, the growing demand for energy will drive the market during the forecast period.

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ESP

Rod Lift

PCP

Gas Lift

Hydraulic Lift

Plunger Lift

Others

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Key Buying CriteriaGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

Parameter Details

Crude Type The pump should lift all types of crude oil that are light or heavy from the oil field

Depth Rate Capability The pump should be able to extract fluids from greater depths

Production Capability The pump should draw a sufficient amount of fluid to make the process profitable

Reliability The pump should perform the required function under given conditions

Total Cost of Ownership The pump should be affordable to the customers and the total cost of ownership should be low

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Global Artificial Lift Pump Market 2015-2019

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