Artificial Lift Pumps Market

Artificial lift pumps are used in oil wells to increase the pressure within the reservoir and encourage oil to move to the surface. When the natural force of the well is not strong enough to push the oil to the surface, an artificial lift pump is employed. Globally, more than 70 percent of oil wells have lost natural pressure and are in their mature phase.
Artificial Lift Pumps Market contains market size and forecasts of Artificial Lift Pumps in global, including the following market information:
Global Artificial Lift Pumps Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Artificial Lift Pumps Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Artificial Lift Pumps companies in 2021 (%)
The global Artificial Lift Pumps market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Electric Submersible Pump (ESP) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Artificial Lift Pumps include GE(Baker Hughes), Dover, GE-Alstom Grid, Schlumberger, Weatherford, Aker Solutions, Petrofac, Technip and Transocean. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Artificial Lift Pumps manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Artificial Lift Pumps Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Artificial Lift Pumps Market Segment Percentages, by Type, 2021 (%)
Electric Submersible Pump (ESP)
Rod Pump
Progressive Cavity Pump (PCP)
Plunger Lift
Hydraulic Piston Pump
Global Artificial Lift Pumps Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Artificial Lift Pumps Market Segment Percentages, by Application, 2021 (%)
Onshore
Offshore
Global Artificial Lift Pumps Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Artificial Lift Pumps Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Artificial Lift Pumps revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Artificial Lift Pumps revenues share in global market, 2021 (%)
Key companies Artificial Lift Pumps sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Artificial Lift Pumps sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
GE(Baker Hughes)
Dover
GE-Alstom Grid
Schlumberger
Weatherford
Aker Solutions
Petrofac
Technip
Transocean