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Artificial Lift Systems Market Share

Report ID: GMI404
Published Date: May 2023
Report Format: PDF

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Artificial Lift Systems Market Share

Prominent players in the artificial lift systems market are strategically focusing on digital solutions to optimize production from mature fields and meet the prevailing demand-supply dynamics in the industry. These industry leaders are prioritizing forward integration and economies of scale to gain a competitive edge in the long term. Key manufacturers of artificial lift systems include

SLB
Halliburton
Weatherford
Levare
General Electric
NOV Inc.
JJ Tech
Aker Solutions
Novomet
BCP Group
Occidental Petroleum Corporation
Canadian Advanced ESP
Alkhorayef Petroleum
ELKAM ArtEfficial Lift
PetroLift Systems, Inc.
Rimera Group

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of artificial lift systems exceeded USD 13 billion in 2023 and is anticipated to record over USD 24.8 billion by 2032.

The ESP technology segment will observe gains at nearly 7.7% from 2023 to 2032 due to its effectiveness in operating in highly deviated and subsea deepwater wells.

North America market for artificial lift systems will record over 7% gains up to 2032 owing to the discovery of unconventional hydrocarbon sources and the increasing number of mature fields across the region.

SLB, Halliburton, Weatherford, Levare, General Electric, NOV Inc., JJ Tech, Aker Solutions, Novomet, BCP Group, Occidental Petroleum Corporation, Canadian Advanced ESP, Alkhorayef Petroleum, ELKAM ArtEfficial Lift, PetroLift Systems, Inc., and Rimera Group.