COVID-19 Recovery Analysis: Artificial Lift Systems Market | Growing Demand for Oil and Natural Gas to Boost the Market Growth | Technavio

Technavio has been monitoring the artificial lift systems market and it is poised to grow by $ 4.26 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200924005565/en/

Technavio has announced its latest market research report titled Global Artificial Lift Systems Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Artificial Lift Systems Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Apergy Corp., Baker Hughes Co., Dover Corp., Halliburton Co., National Oilwell Varco Inc., NOW Inc., OiLSERV, Rockwell Automation Inc., Schlumberger Ltd., and Weatherford International Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Growing demand for oil and natural gas has been instrumental in driving the growth of the market. However, high maintenance cost might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Artificial Lift Systems Market 2020-2024: Segmentation

Artificial Lift Systems Market is segmented as below:

  • End-user
    • Onshore Oil And Gas Industry
    • Offshore Oil And Gas Industry
  • Type
    • ESP Systems
    • RLP Systems
    • PCP Systems
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

Artificial Lift Systems Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The artificial lift systems market report covers the following areas:

  • Artificial Lift Systems Market Size
  • Artificial Lift Systems Market Trends
  • Artificial Lift Systems Market Industry Analysis

This study identifies the increasing use of automation and remote technology as one of the prime reasons driving the artificial lift systems market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Artificial Lift Systems Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist artificial lift systems market growth during the next five years
  • Estimation of the artificial lift systems market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the artificial lift systems market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of artificial lift systems market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Onshore oil and gas industry - Market size and forecast 2019-2024
  • Offshore oil and gas industry - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • ESP systems - Market size and forecast 2019-2024
  • RLP systems - Market size and forecast 2019-2024
  • PCP systems - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Apergy Corp.
  • Baker Hughes Co.
  • Dover Corp.
  • Halliburton Co.
  • National Oilwell Varco Inc.
  • NOW Inc.
  • OiLSERV
  • Rockwell Automation Inc.
  • Schlumberger Ltd.
  • Weatherford International Plc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.