Global Artificial Lift Pumps Market

Topics: Petroleum, Baker Hughes, Peak oil Pages: 3 (320 words) Published: March 20, 2015
Global Artificial Lift Pumps Market 2015-2019

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. Hence, they require artificial lift pumps to extract oil to meet the growing market demand.  

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Artificial Lift Pumps market for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of various artificial lift pumps. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market with their detailed market share.

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Key Regions


Key Vendors

Baker Hughes Inc.
GE Energy LLC
Schlumberger Ltd.
Weatherford International Ltd.

Other Prominent Vendors

Borets Company
JSC Alnas
National Oilwell Varco
Norris Production Solutions

Key Market Driver

Need for High Crude Oil Production from Existing Fields
For a full, detailed list, view our report.

Key Market Challenge

Deferment of Investment Decisions
For a full, detailed list, view our report.

Key Market Trend

Advances in Technology
For a full, detailed list, view our report.

Key Questions Answered in this Report

What will the market size be in 2018 and what will the growth rate be? What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

For more insights, view our Global Artificial Lift Pumps Market 2015-2019...
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