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Onshore Artificial Lift Systems Market Share

Report ID: GMI5824
Published Date: May 2023
Report Format: PDF

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Onshore Artificial Lift Systems Market Share

The leading players in the onshore lift artificial lift systems market are strategically focusing on digital solutions to optimize production from mature fields and address the industry's demand-supply dynamics. These industry leaders are prioritizing forward integration and economies of scale to gain a competitive advantage in the long run. Major participants in the onshore artificial lift systems market 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 onshore artificial lift systems exceeded USD 10.9 billion in 2023 and is projected to depict 7.3% CAGR from 2024 to 2032 driven by the rising demand for oil globally.

The electrical submersible pumps (ESP) technology segment held over 46% revenue share in 2022 and is set to grow significantly owing to its beneficial characteristics such as smart & remote monitoring & control capabilities and cost-effectiveness.

North America onshore artificial lift systems industry size is anticipated to witness 6.5% growth through 2032 on account of the ongoing discovery of various unconventional hydrocarbon sources.

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, and PetroLift Systems, Inc. and Rimera Group are some of the major players in the global onshore artificial lift systems.