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Artificial Lift Systems Market worth $13.7 Billion by 2018

Artificial lifts are equipment used to lift oil from the bottom hole to the surface. This technique of artificial lifting is primarily used when the bottom-hole pressure is insufficient to propel oil to the surface. Artificial lifts have become an important part of the production process. <br>For more information visit: http://www.marketsandmarkets.com/Market-Reports/artificial-lift-systems-market-1263.html<br>

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Artificial Lift Systems Market worth $13.7 Billion by 2018

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  1. Artificial Lift Systems Market worth $13.7 Billion by 2018

  2. Target Audience • U.S. • Canada • Russia • China • Venezuela

  3. Scope of the Artificial Lift Systems Market • This research report categorizes the market for artificial lift components on the basis of lift types, its components and countries; forecasting revenues and analyzing trends in each of the submarkets. 1.On the basis of types:The artificial lift systems market is segmented for lift types including Electric submersible pump system, progressive cavity pump system and rod lift. Each type is further described in detail in the report with revenues forecast.

  4. 2. On the basis of lift components: The artificial lift component market is segmented for lift components including pump, motor, separator, cable, drive head, pump jack, sucker rod, rod pump for ESPs, PCPs and rod lift system. Each component market is further described in detail in the report with revenues forecast. 3. On the basis of countries: U.S., Canada, Russia, China and Venezuela and key trends of each country.

  5. Summary The global artificial lift systems market is witnessing high growth of around 9.5% on an account of increased utilization, technological advancements, and growing oil production activities in the major oil importing and exporting countries. Artificial lift systems components market is composed of component markets of all lift types and further component market consists of replacement and new installation market.

  6. Contact Us Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com

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