Global Artificial Lift Pumps Market to grow at a CAGR of 1.56% during the period 2016-2020
About the Artificial Lift Pumps Market
As a direct impact of the ambiguity in the oil market, the global artificial lift pumps market has been experiencing sluggishness in the recent past as it has become enmeshed with the turmoil in the global oil industry. Declining prices, deferred investments, investor skepticism, and an unpredictable future in the commodity's outlook are inhibiting the growth of the market.
Technavios analysts forecast the global artificial lift pumps market to grow at a CAGR of 1.56% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global artificial lift pumps market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of artificial lift pumps globally. The report does not include revenue generated from the aftermarket service of the product.
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The market is divided into the following segments based on geography:
Americas
APAC
Europe
MEA
Technavio's report, Global Artificial Lift Pumps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Baker Hughes
Dover
GE-Alstom Grid
Schlumberger
Weatherford
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Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Five forces analysis
PART 06: Market drivers
Introduction of wireline retrievable ESP to reduce OPEX
Use of jet pumps for rig-free lift operations
Need for improved and enhanced oil recovery
HEAL systems to ease lifting in horizontal wells
PART 07: Impact of drivers
PART 08: Market challenges
Deferred investments and projects
Change in energy mix
PART 09: Impact of drivers and challenges
PART 10: Market trends
Emergence of microgrid technology
Integration of big data analytics with drilling
Efficient flywheel systems for energy storage at sea
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