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Global Artificial Lift System Market (Lift Components, Types and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, 2013 - 2020 Published By : Allied Market Research
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Artificial lift systems are mechanical devices which are used to increase the flow of liquids such as oil, water from the well. Artificial lifts are needed when the pressure in the reservoir to pull the oil is very low. Generally, the fluid is lifted up by submersing mechanical devices inside the production well. The goal of this report is to analyze the current scenario of the artificial lift system market. The study covers current and future trends determining the key investments pockets, which can help the organization to increase their market share. The benefit of artificial lift system includes increased operational efficiencies by exerting an artificial pressure to get oil from the production wells. The need of oil production has increased due to the elevating needs of energy resources. This need acts as a driving force for this market. The cost of this systems are quite high, which restraints the industry growth. The opportunity lies in the Middle East region due to the presence of oil wells. Description
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Artificial Lift System Market Analysis by Lift Components On the basis of lift components, the artificial lift system market is segmented into pump, motor, separator, cable head, drive head, pump jack, sucker rods, rod pumps for electrical submersible pumps and rod lift systems. Each type is used for different geographical and reservoir conditions. Sucker rod pump is mostly used in the US region due to its technology, which suits onshore drilling. Artificial Lift System Market Analysis by Types Artificial lift system market can be segmented on the basis of types into electrical submersible pump system, progressive cavity pump system and rod lift. Electrical submersible pump has the highest revenue generation potential due to its replacement benefits such as replacement of damaged and old parts, as the ESP pumps are made of simpler technology. Description
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Artificial Lift System Market Analysis by Geography On the basis of geography, the artificial market system can be segmented into North America, Europe, Asia pacific and Latin America Middle East & Africa (LAMEA). North American region takes away the largest market share due to its on shore applications. The fastest growing market is LAMEA due to the presence of oil reservoirs in the Middle Eastern countries, which accelerate the growth of artificial lift system market. Competitive Landscape Top players in the artificial lift system market are Baker Huges, Inc, GE Energy, National Oil Varco, Inc., Tenaris S A, Kudu Industries and Schlumberger Ltd. The common strategies adopted by the major players of this industry include the diversified product lines and merger & acquisition. Schlumberger Ltd. offers a reliable large range of products that include ESP Pod systems, high pressure gas valves, variable speed drivers, real time optimization and monitoring services and many more. Description
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Porter’s five forces analysis elaborates degree of various threats, which facilitates companies to understand market attractiveness and hence, appropriate strategies can be formulated Scientific estimations are calculated according to the current market scenario and the projected future trends for the analysis period of 2014- 2020 Competitive strategies adopted by the market leaders can be studied by the stake holders for better understandability of the market Market dynamics are analyzed in detail from the perspectives of drivers, restraints and opportunities and their impact on the growth of the market in the short and medium term Click here to view reports of the same category, http://www.reportsandintelligence.com/construction-and-manufacturing- market-report http://www.reportsandintelligence.com/construction-and-manufacturing- market-report Key Benefits
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Key Segments components Pump Motor Separator Pump Jack
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