Dallas, TX -- (SBWIRE) -- 11/07/2014 -- The global artificial lifts market in terms of revenue was estimated to be $9.3 billion in 2012 and is expected to reach $16.0 billion by 2018, growing at a CAGR of 9.5% from 2013 to 2018. North America dominated the global artificial lift market, accounting for 45.5% of the global artificial lift market revenue in 2012. The European region is expected to have the second highest market revenue by 2018. The South & Central American region is expected to be the fastest growing market in the future, with a CAGR of 15.3% from 2013 to 2018, owing to the rising production in this region. The Middle East and African regions are expected to have the highest growth market growth from 2013 to 2018.

Artificial lifts are suitable for conventional crude production, unconventional crude production, deep and ultra-deep offshore production, rehabilitation of fields, redevelopment of mature fields, low API crude, early production systems, enhanced oil recovery methods, other recovery methods such as Steam Assisted Gravity Drainage (SAGD), Circulated Steam Simulation (CSS) and Cold Heavy Oil Production (CHOPS).

Companies profiled in artificial lifts market report are Baker Hughes Inc., Borets Company Llc, Can K Group Of Companies, Flotek Industries Inc., General Electric Energy, Halliburton Company, J.J. Technical Services Llc, Jsc “Alnas”, Kudu Industries Inc., Lufkin Industries Inc., National Oilwell Varco Inc., Norris Production Solutions, Novomet, Pcm S.A., Schlumberger Limited, Tenaris S.A., Torqueflow Sydex Ltd, and Weatherford International Ltd.

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Conventional methods of recovery activities need to be revived to parallel production to the current levels of demand. About 70% of the global crude oil production is derived from mature fields, of which, most experience reservoir pressure deficiency, which is a crucial production parameter. This situation necessitates the entry of artificial lift equipment. E&P industry’s focus shift towards unconventional hydrocarbon sources and subsea operations is due to the falling profits from older fields that are in dire need to undergo redevelopment. There is also a need for growing global energy demand. Artificial lifts of various types support different purposes which encompass all types of recovery activities from transforming stripper wells into financially viable wells, to bituminous crude production and high operating volume offshore production.

Growing production in some parts of the world such as Canada and Venezuela promise the growth of artificial lifts, fields in the Middle East region are undergoing redevelopment, processes where the use of artificial lifts is inevitable. Russia is currently a successful market and also is a prospective market considering its high production from mature fields which require artificial lifts to have successful production rates. South Eastern countries which have been engaged in offshore production for decades demand these lifts to enhance production rates. The fastest growing region is expected to be South & Central America, followed by Middle East and Africa. Currently, the most active market is North America, followed by Europe, reasoned by active implementation of development strategies.

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Table of Contents for “Artificial Lift Market: By Types (Rod Lift, ESP, PCP, Gas Lift) & Geography - Global Trends & Forecasts to 2018” research report include:

1 Introduction
1.1 Key Take-Aways
1.2 Report Description
1.3 Stakeholders
1.4 Research Methodology
1.5 Key Questions Answered

2 Executive Summary

3 Market Overview
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics

4 Artificial Lift Market, By Lift Types
4.1 Introduction
4.2 Rod Lift
4.3 Electric Submersible Pump
4.4 Progressive Cavity Pump
4.5 Gas Lift
4.6 Others

5 Artificial Lift Market, By Geography
5.1 Introduction
5.2 North America
5.2.1 U.S.
5.2.2 Canada
5.3 Europe
5.3.1 Russia
5.3.2 U.K.
5.3.3 Norway
5.4 Asia-Pacific
5.4.1 China
5.4.2 Malaysia
5.4.3 India
5.4.4 Indonesia
5.5 Middle East & Africa
5.5.1 United Arab Emirates (Uae)
5.5.2 Saudi Arabia
5.5.3 Oman
5.5.4 Kuwait
5.5.5 Nigeria
5.5.6 Angola
5.6 South & Central America
5.6.1 Venezuela
5.6.2 Brazil
5.6.3 Mexico

6 Competitive Landscape
6.1 Introduction
6.2 Expansions: Most Popular Growth Strategy
6.3 Maximum Developments In 2012
6.4 North America: Region With Maximum Developments
6.5 Tenaris, Baker Hughes & Ge Energy: Most Active Participants
6.6 Mergers & Acquisitions
6.7 New Product Launch/Development
6.8 Agreements & Collaborations
6.9 Expansions

7 Company Profiles
7.1 Baker Hughes Inc.
7.2 Borets Company Llc
7.3 Can K Group Of Companies
7.4 Flotek Industries Inc.
7.5 General Electric Energy
7.6 Halliburton Company
7.7 J.J. Technical Services Llc
7.8 Jsc “Alnas”
7.9 Kudu Industries Inc.
7.10 Lufkin Industries Inc.
7.11 National Oilwell Varco Inc.
7.12 Norris Production Solutions
7.13 Novomet
7.14 Pcm S.A.
7.15 Schlumberger Limited
7.16 Tenaris S.A.
7.17 Torqueflow Sydex Ltd
7.18 Weatherford International Ltd

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