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Artificial Lift Market by Mechanism (Positive Displacement, Dynamic Displacement & Gas Assisted) & Types (Rod Lift, ESP, PCP, Gas Lift) - Global Trends & Forecasts to 2019

December 2014 | 198 pages | ID: ABAF9EEA9BEEN
MarketsandMarkets

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This report provides a detailed analysis of the artificial lift market, which is growing in sync with the need for higher production from maturing fields, better recovery rates, and increasing unconventional production activities. The market has been regionally segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South & Central America. The market has been further segmented as per the mechanism of artificial lift that has been deployed, such as positive displacement and dynamic displacement. This report provides market share and size of the artificial lift market, segmented according to its type (rod lift, ESP, PCP, Gas lift, and others) as well.

This report provides a qualitative analysis of the leading players in the artificial lift industry, with a clear insight and analysis on the development strategies adopted and preferred by them. The report also includes a chronology of the developments with respect to contracts and agreements, mergers and acquisitions, new product launches, and expansions. Market dynamics in terms of market drivers, restraints, opportunities, burning issues, and industry trends have also been discussed in detail in the report. Key players, such as Baker Hughes Inc. (U.S.), Schlumberger Ltd. (U.S.), Weatherford International Ltd. (Switzerland), Halliburton (U.S.), National Oilwell Varco (U.S.), Borets (Russia), Cameron International (U.S.), and Tenaris S.A. (Luxembourg) have been profiled in this report.

The artificial lift market size is projected to grow at a CAGR of 9.6% during the forecast period. The market was dominated by North America in 2013, which is expected to continue its dominance through to 2019. Strong growth has been projected for the artificial lift market in the next five years, as the need for better production and increased recovery from mature fields continues to spur demand. South and Central America is expected to emerge as the fastest growing market for artificial lift equipment and services during 2014-2019, followed by the Middle East and Africa.

SCOPE OF THE REPORT

This report focuses on the artificial lift market. The market has been segmented on the basis of mechanism, type, and region.

On the basis of mechanism
  • Positive Displacement
  • Dynamic Displacement
  • Gas Assisted
On the basis of Type
  • Rod Lift
  • Electrical Submersible Pump
  • Progressive Cavity Pump
  • Gas Lift
  • Others
On the basis of region
  • Asia-Pacific
  • North America
  • Europe
  • Middle East and Africa
  • South and Central America
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 LIMITATIONS
1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
    2.1.1.1 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Key data from primary sources
    2.1.2.2 Key industry insights
    2.1.2.3 Breakdown of Primary Interviews
2.2 FACTOR ANALYSIS
  2.2.1 INTRODUCTION
  2.2.2 RISE IN CRUDE OIL PRODUCTION
  2.2.3 INCREASING CAPITAL SPENDING ON EXPLORATION & PRODUCTION ACTIVITIES
2.3 MARKET SIZE ESTIMATION
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS & LIMITATIONS
  2.5.1 ASSUMPTIONS
  2.5.2 LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 U.S. & RUSSIA: FASTEST GROWING MARKETS DURING THE FORECAST PERIOD FOR THE ARTIFICIAL LIFT SYSTEM
4.2 ESP & ROD LIFT DOMINATED THE ARTIFICIAL LIFT MARKET IN 2013
4.3 NORTH AMERICA & EUROPE WILL BE MAJOR REVENUE POCKETS FOR THE ARTIFICIAL LIFT MARKET BY 2019
4.4 ARTIFICIAL LIFT MARKET: DEVELOPED VS. DEVELOPING NATIONS
4.5 ARTIFICIAL LIFT MARKET SIZE, BY TYPE, 2019
4.6 LIFE CYCLE ANALYSIS, BY REGION

5 MARKET OVERVIEW

5.1 MARKET EVOLUTION
5.2 MARKET SEGMENTATION
  5.2.1 BY TYPE
  5.2.2 BY MECHANISM
  5.2.3 BY REGION
5.3 MARKET DYNAMICS
  5.3.1 DRIVERS
    5.3.1.1 Increasing heavy oil production
    5.3.1.2 Increasing shale gas production
    5.3.1.3 Deep & ultra-deep drilling activities
  5.3.2 RESTRAINT
    5.3.2.1 Lack of industry professionals
  5.3.3 OPPORTUNITIES
    5.3.3.1 Reclamation and redevelopment of field
    5.3.3.2 Growing subsea operations
  5.3.4 CHALLENGE
    5.3.4.1 Application of artificial lift in horizontal wells

6 INDUSTRY TRENDS

6.1 VALUE CHAIN ANALYSIS
6.2 PORTER’S FIVE FORCES ANALYSIS
  6.2.1 THREAT OF NEW ENTRANTS
    6.2.1.1 High capital requirement
    6.2.1.2 High product differentiation
  6.2.2 THREAT OF SUBSTITUTES
    6.2.2.1 No major substitute available
  6.2.3 BARGAINING POWER OF SUPPLIERS
    6.2.3.1 Low cost of switching suppliers
    6.2.3.2 Non-concentration of suppliers
  6.2.4 BARGAINING POWER OF BUYERS
    6.2.4.1 Ability of buyers to integrate backwards
    6.2.4.2 Concentration of buyers in the market
  6.2.5 INTENSITY OF RIVALRY
    6.2.5.1 Many equally sized competitors

7 ARTIFICIAL LIFT MARKET, BY MECHANISM

7.1 INTRODUCTION
7.2 MARKET ESTIMATES
  7.2.1 POSITIVE DISPLACEMENT
  7.2.2 DYNAMIC DISPLACEMENT
  7.2.3 GAS ASSISTED
7.3 REGIONAL OVERVIEW
  7.3.1 ASIA-PACIFIC
  7.3.2 EUROPE
  7.3.3 MIDDLE EAST & AFRICA
  7.3.4 NORTH AMERICA
  7.3.5 SOUTH & CENTRAL AMERICA

8 ARTIFICIAL LIFT MARKET, BY TYPE

8.1 INTRODUCTION
8.2 MARKET ESTIMATES
  8.2.1 ROD LIFT
  8.2.2 ELECTRICAL SUBMERSIBLE PUMP (ESP)
  8.2.3 PROGRESSIVE CAVITY PUMP (PCP)
  8.2.4 GAS LIFT
  8.2.5 OTHERS
8.3 REGIONAL OVERVIEW
  8.3.1 ASIA-PACIFIC
    8.3.1.1 Rod Lift
    8.3.1.2 ESP
  8.3.2 EUROPE
    8.3.2.1 Rod Lift
    8.3.2.2 ESP
  8.3.3 MIDDLE EAST & AFRICA
    8.3.3.1 Rod Lift
    8.3.3.2 ESP
  8.3.4 NORTH AMERICA
    8.3.4.1 Rod Lift
    8.3.4.2 ESP
  8.3.5 SOUTH & CENTRAL AMERICA
    8.3.5.1 Rod Lift
    8.3.5.2 ESP

9 ARTIFICIAL LIFT MARKET, BY REGION

9.1 INTRODUCTION
9.2 NORTH AMERICA
  9.2.1 U.S.
  9.2.2 CANADA
9.3 SOUTH & CENTRAL AMERICA
  9.3.1 VENEZUELA
  9.3.2 BRAZIL
  9.3.3 MEXICO
  9.3.4 COLOMBIA
  9.3.5 ECUADOR
  9.3.6 OTHERS
9.4 EUROPE
  9.4.1 RUSSIA
  9.4.2 U.K.
  9.4.3 NORWAY
  9.4.4 OTHERS
9.5 ASIA-PACIFIC
  9.5.1 CHINA
  9.5.2 MALAYSIA
  9.5.3 INDIA
  9.5.4 INDONESIA
  9.5.5 OTHERS
9.6 MIDDLE EAST & AFRICA
  9.6.1 UAE
  9.6.2 SAUDI ARABIA
  9.6.3 OMAN
  9.6.4 KUWAIT
  9.6.5 NIGERIA
  9.6.6 ANGOLA
  9.6.7 OTHERS

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS
10.3 COMPETITIVE SITUATION & TRENDS
10.4 CONTRACTS & AGREEMENTS (INCLUDING PARTNERSHIPS/JOINT VENTURES/COLLABORATIONS)
10.5 MERGERS & ACQUISITIONS
10.6 EXPANSIONS
10.7 NEW PRODUCT LAUNCHES

11 COMPANY PROFILES

11.1 INTRODUCTION
11.2 BAKER HUGHES INCORPORATED
  11.2.1 BUSINESS OVERVIEW
  11.2.2 PRODUCT PORTFOLIO
  11.2.3 KEY STRATEGIES
  11.2.4 DEVELOPMENTS, 2013-2014
  11.2.5 SWOT ANALYSIS
  11.2.6 MNM VIEW
11.3 GENERAL ELECTRIC COMPANY
  11.3.1 BUSINESS OVERVIEW
  11.3.2 PRODUCT PORTFOLIO
  11.3.3 KEY STRATEGIES
  11.3.4 DEVELOPMENTS, 2011-2014
  11.3.5 SWOT ANALYSIS
  11.3.6 MNM VIEW
11.4 HALLIBURTON COMPANY
  11.4.1 BUSINESS OVERVIEW
  11.4.2 PRODUCT PORTFOLIO
  11.4.3 KEY STRATEGIES
  11.4.4 DEVELOPMENTS, 2012-2014
  11.4.5 SWOT ANALYSIS
  11.4.6 MNM VIEW
11.5 NATIONAL OILWELL VARCO, INC.
  11.5.1 BUSINESS OVERVIEW
  11.5.2 PRODUCT PORTFOLIO
  11.5.3 KEY STRATEGIES
  11.5.4 DEVELOPMENTS, 2013-2014
  11.5.5 SWOT ANALYSIS
  11.5.6 MNM VIEW
11.6 SCHLUMBERGER LIMITED
  11.6.1 BUSINESS OVERVIEW
  11.6.2 PRODUCT PORTFOLIO
  11.6.3 KEY STRATEGIES
  11.6.4 DEVELOPMENTS, 2010-2014
  11.6.5 SWOT ANALYSIS
  11.6.6 MNM VIEW
11.7 WEATHERFORD INTERNATIONAL LTD.
  11.7.1 BUSINESS OVERVIEW
  11.7.2 PRODUCT PORTFOLIO
  11.7.3 KEY STRATEGIES
  11.7.4 DEVELOPMENTS, 2013-2014
  11.7.5 SWOT ANALYSIS
  11.7.6 MNM VIEW
11.8 CAMERON INTERNATIONAL CORPORATION
  11.8.1 BUSINESS OVERVIEW
  11.8.2 PRODUCT PORTFOLIO
  11.8.3 KEY STRATEGIES
  11.8.4 DEVELOPMENTS, 2012-2014
11.9 DOVER CORPORATION
  11.9.1 BUSINESS OVERVIEW
  11.9.2 PRODUCT PORTFOLIO
  11.9.3 KEY STRATEGIES
  11.9.4 DEVELOPMENTS, 2012-2014
11.10 FLOTEK INDUSTRIES, INC.
  11.10.1 BUSINESS OVERVIEW
  11.10.2 PRODUCTS & SERVICES
  11.10.3 KEY STRATEGIES
  11.10.4 DEVELOPMENTS, 2014-2011
11.11 TENARIS S.A.
  11.11.1 BUSINESS OVERVIEW
  11.11.2 PRODUCT PORTFOLIO
  11.11.3 KEY STRATEGIES
  11.11.4 DEVELOPMENTS, 2012-2014
11.12 BORETS INTERNATIONAL LTD.
  11.12.1 BUSINESS OVERVIEW
  11.12.2 PRODUCT PORTFOLIO
  11.12.3 KEY STRATEGIES
  11.12.4 DEVELOPMENTS, 2013-2014
11.13 JOHN CRANE GROUP
  11.13.1 BUSINESS OVERVIEW
  11.13.2 PRODUCT PORTFOLIO
  11.13.3 KEY STRATEGIES
  11.13.4 DEVELOPMENTS, 2012-2014
11.14 J&J TECHNICAL SERVICES, LLC
  11.14.1 BUSINESS OVERVIEW
  11.14.2 PRODUCTS & SERVICES
  11.14.3 KEY STRATEGIES
  11.14.4 DEVELOPMENTS, 2011-2014

12 APPENDIX

12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS

LIST OF TABLES

Table 1 INCREASING HEAVY OIL & SHALE GAS PRODUCTION ARE PROPELLING THE GROWTH OF THE ARTIFICIAL LIFT MARKET
Table 2 LACK OF INDUSTRY PROFESSIONALS RESTRAIN MARKET GROWTH
Table 3 RECLAMATION & REDEVELOPMENT OF OILFIELD AND GROWING SUBSEA OPERATION ARE OPPORTUNITIES FOR THE ARTIFICIAL LIFT MARKET
Table 4 APPLICATION OF ARTIFICIAL LIFT IN HORIZONTAL WELLS IS A CHALLENGE
Table 5 ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION)
Table 6 POSITIVE DISPLACEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 7 DYNAMIC DISPLACEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 8 GAS ASSISTED ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 9 ASIA-PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION)
Table 10 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION)
Table 11 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION)
Table 12 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION)
Table 13 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY MECHANISM, 2012-2019 ($MILLION)
Table 14 COMPARISON CHART OF LIFT TYPES
Table 15 ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 16 ROD LIFT: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 17 ESP: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 18 PCP: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 19 GAS LIFT: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 20 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 21 ASIA-PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION)
Table 22 ASIA-PACIFIC: ROD LIFT MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION)
Table 23 ASIA-PACIFIC: ESP MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION)
Table 24 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION)
Table 25 EUROPE: ROD LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 26 EUROPE: ESP MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 27 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION)
Table 28 MIDDLE EAST & AFRICA: ROD LIFT MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION)
Table 29 MIDDLE EAST & AFRICA: ESP MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 30 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION)
Table 31 NORTH AMERICA: ROD LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 32 NORTH AMERICA: ESP MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 33 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012–2019 ($MILLION)
Table 34 SOUTH & CENTRAL AMERICA: ROD LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 35 SOUTH & CENTRAL AMERICA: ESP MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 36 ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
Table 37 NORTH AMERICA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 38 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 39 U.S.: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 40 U.S.: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 41 CANADA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 42 CANADA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 43 SOUTH & CENTRAL AMERICA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 44 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 45 VENEZUELA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 46 VENEZUELA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 47 BRAZIL: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 48 BRAZIL: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 49 MEXICO: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 50 MEXICO: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 51 COLOMBIA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 52 COLOMBIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 53 ECUADOR: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 54 ECUADOR: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 55 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 56 EUROPE: OIL & GAS SCENARIO, 2009–2013
Table 57 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 58 RUSSIA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 59 RUSSIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 60 U.K.: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 61 U.K.: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 62 NORWAY: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 63 NORWAY: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 64 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 65 ASIA-PACIFIC: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 66 ASIA-PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 67 CHINA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 68 CHINA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 69 MALAYSIA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 70 MALAYSIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 71 INDIA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 72 INDIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 73 INDONESIA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 74 INDONESIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 75 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 76 MIDDLE EAST & AFRICA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 77 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
Table 78 UAE.: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 79 UAE: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 80 SAUDI ARABIA: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 81 SAUDI ARABIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 82 OMAN: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 83 KUWAIT: OIL & GAS SCENARIO (VOLUME), 2009–2013
Table 84 KUWAIT: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 85 NIGERIA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 86 ANGOLA: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 87 OTHERS: ARTIFICIAL LIFT MARKET SIZE, BY LIFT TYPE, 2012-2019 ($MILLION)
Table 88 CONTRACTS & AGREEMENTS (INCLUDING PARTNERSHIPS/JOINT VENTURES/COLLABORATIONS), 2011–2014
Table 89 MERGERS & ACQUISITIONS, 2011-2014
Table 90 EXPANSIONS, 2011-2014
Table 91 NEW PRODUCT LAUNCHES, 2011-2014

Heavy Oil Reserve By Major Country

  • Production in Canada primarily comes from oil sands that share around XX% of its total crude oil production. Heavy oil resources are mostly found in Canada, Venezuela, Nigeria, Iraq, China, and Russia. Canada and Venezuela hold gigantic oil in place accounting for XX% of global oil in place. One of the elementary methods of heavy oil production is thermal recovery process such as Steam Assisted Gravity Drainage (SAGD) that requires accompaniment of lifts for successful completion
  • Heavy oil production activities help in sustenance of ESPs, PCPs, and rod lift market as production activities are bound to become monetarily less productive and may lead to losses owing to an unmet periodic production levels in the absence of artificial lifts
  • As the world oil production has a changing and rejuvenated perspective to serve the global demand, success of this market is implied. Hence, this factor drives the current artificial lift market

ESPs: Market Share

  • ESP pump, motor, and cable markets are the big revenue pockets for ESPs market and collectively generated about XX% in 2012
  • Replacement markets of pump and motor have crucial positioning within ESPs market and generated about XX%
  • Leading manufacturers of ESP components are Baker Hughes Inc., Borets, Schlumberger Ltd., and GE Energy

U.S.: ESPs Component Market Trend & Forecast

  • U.S. is the third largest producer and the biggest consumer of hydrocarbons in the world
  • Growth in oil production activities in the areas such as deep and ultra deep-water oil  sedimentary basins of Gulf of Mexico (GOM) and onshore Alaska makes up the world’s second biggest ESP market in this country
  • With large installed base of ESPs and low run life of pumps and motors wrt other components, U.S. E&P market spending on pump and motor replacements is expected to be very high and with this trend, pump and motor market is forecasted to grow at XX% and XX%, respectively


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