Artificial Lift Pump Market - Global Industry Analysis, Size and Forecast between year 2015 to 2019

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.

Global Artificial Lift Pump market to grow at a CAGR of 8.95 percent over the period 2015-2019.

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The Global Artificial Lift Pumps market includes the following major product segments: ESP Systems, Rod Lift Systems, PCP Systems, Gas Lift Systems, Plunger Lift Systems, Hydraulic Lift Systems, and Others.

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Global The report covers the Americas, Europe, and the APAC and MEA regions; it also covers the Global Artificial Lift Pump market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions


Key Vendors

Baker Hughes
GE Energy
Weatherford International

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Other Prominent Vendors

Jsc Alnas
National Oilwell Varco
Norris Production Solutions

Market Driver

Need for High Crude Oil Production from Existing Fields
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Market Challenge

Fluctuating Raw Materials Cost
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Market Trend

Advances in Technology
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