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Global Gas Lift System Market Size Study, by Application (Onshore, Offshore), by Gas Lift Type (Continuous Flow, Intermittent Flow), by Well Type (Horizontal, Vertical), by Lift Type (Gas Lift, Others), by Component (Packers, Mandrels, Valves) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: GB24B64D0489EN
Bizwit Research & Consulting LLP

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The Global Gas Lift System Market is valued at approximately USD 1.94 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.72% over the forecast period 2024-2032. Gas lift systems, including modern progressive cavity pumps (PCPs) or downhole centrifugal pumps, often integrated into electrical submersible pump (ESP) systems, achieve this by reducing the fluid density in the tubing. By injecting gas into the wellbore, these systems enable the efficient lifting of hydrocarbons to the surface. Not only do gas lift systems lower the bottomhole pressure, but they also increase the flow rate, making them indispensable for well operators. The robust growth of the gas lift system market is propelled by the global surge in energy demand, driven by industrialization, urbanization, and population growth.

The gas lift system market is crucial in the oil and gas industry, akin to artificial lift techniques, significantly boosting production rates from oil and gas wells. This method effectively decreases the bottomhole pressure (BHP) to enhance the flow of hydrocarbons from the reservoir. Additionally, the industry's pivot toward unconventional sources necessitates artificial lift systems to optimize production and exploration activities as conventional oil and gas sources dwindle. This trend is set to drive sustained growth in the gas lift system market, addressing the rising demand for efficient hydrocarbon extraction. Furthermore, gas lift systems profoundly impact the oil and gas industry by continually pushing production efficiency boundaries. They have become integral to the industry's quest for cost-effective and sustainable hydrocarbon extraction, notably extending the lifespan of mature oil fields. By boosting oil recovery rates, gas lift technology delays the cessation of production, providing operators with valuable extra years of revenue as fields approach their natural decline. This safeguards investments and reduces the need for new drilling, with positive economic and environmental implications.

The key regions considered for the Gas Lift System Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. The North American region dominated the Gas Lift System Market in 2023 and is expected to grow at a significant CAGR during the forecast period 2024-2032 due to its robust oil and gas industry and advanced technological capabilities. The presence of significant shale gas reserves and ongoing investments in oil extraction technologies drive the demand for efficient gas lift systems. North America's well-established infrastructure and expertise in petroleum engineering ensure the effective deployment and maintenance of these systems. Additionally, the region's commitment to energy independence and sustainable extraction methods supports the adoption of innovative gas lift technologies. The presence of leading industry players and a focus on enhancing production efficiency further bolster North America's dominant position in the gas lift system market. Thus, the region continues to lead in both market share and technological advancements within this sector.

Major market players included in this report are:

Baker Hughes Company

ChampionX

Weatherford International plc

Schlumberger Limited

Saudi Arabian Oil Co. (Saudi Aramco)

National Oilwell Varco, Inc.

Tendeka

Emerson Electric Co.

Spoc Automation, Inc.

Tally Energy Services

Halliburton

Wood Group

General Electric (GE)

NOVOMET

OleumTech Corporation

The detailed segments and sub-segment of the market are explained below:

By Application

Onshore

Offshore

By Gas Lift Type

Continuous Flow

Intermittent Flow

By Well Type

Horizontal

Vertical

By Lift Type

Gas Lift

Others

By Component

Packers

Mandrels

Valves

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL GAS LIFT SYSTEM MARKET EXECUTIVE SUMMARY

1.1. Global Gas Lift System Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Application
  1.3.2. By Gas Lift Type
  1.3.3. By Well Type
  1.3.4. By Lift Type
  1.3.5. By Component
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL GAS LIFT SYSTEM MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL GAS LIFT SYSTEM MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Global Energy Demand
  3.1.2. Shift Towards Unconventional Oil and Gas Sources
  3.1.3. Technological Advancements in Gas Lift Systems
3.2. Market Challenges
  3.2.1. High Initial Setup Costs
  3.2.2. Maintenance and Operational Issues
3.3. Market Opportunities
  3.3.1. Exploration of Unconventional Resources
  3.3.2. Technological Innovations and Automation
  3.3.3. Expansion in Emerging Economies

CHAPTER 4. GLOBAL GAS LIFT SYSTEM MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL GAS LIFT SYSTEM MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

5.1. Segment Dashboard
5.2. Global Gas Lift System Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Onshore
  5.2.2. Offshore

CHAPTER 6. GLOBAL GAS LIFT SYSTEM MARKET SIZE & FORECASTS BY GAS LIFT TYPE 2022-2032

6.1. Segment Dashboard
6.2. Global Gas Lift System Market: Gas Lift Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Continuous Flow
  6.2.2. Intermittent Flow

CHAPTER 7. GLOBAL GAS LIFT SYSTEM MARKET SIZE & FORECASTS BY WELL TYPE 2022-2032

7.1. Segment Dashboard
7.2. Global Gas Lift System Market: Well Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Horizontal
  7.2.2. Vertical

CHAPTER 8. GLOBAL GAS LIFT SYSTEM MARKET SIZE & FORECASTS BY LIFT TYPE 2022-2032

8.1. Segment Dashboard
8.2. Global Gas Lift System Market: Lift Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Gas Lift
  8.2.2. Others

CHAPTER 9. GLOBAL GAS LIFT SYSTEM MARKET SIZE & FORECASTS BY COMPONENT 2022-2032

9.1. Segment Dashboard
9.2. Global Gas Lift System Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  9.2.1. Packers
  9.2.2. Mandrels
  9.2.3. Valves

CHAPTER 10. GLOBAL GAS LIFT SYSTEM MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Gas Lift System Market
  10.1.1. U.S. Gas Lift System Market
    10.1.1.1. Application breakdown size & forecasts, 2022-2032
    10.1.1.2. Gas Lift Type breakdown size & forecasts, 2022-2032
    10.1.1.3. Well Type breakdown size & forecasts, 2022-2032
    10.1.1.4. Lift Type breakdown size & forecasts, 2022-2032
    10.1.1.5. Component breakdown size & forecasts, 2022-2032
  10.1.2. Canada Gas Lift System Market
    10.1.2.1. Application breakdown size & forecasts, 2022-2032
    10.1.2.2. Gas Lift Type breakdown size & forecasts, 2022-2032
    10.1.2.3. Well Type breakdown size & forecasts, 2022-2032
    10.1.2.4. Lift Type breakdown size & forecasts, 2022-2032
    10.1.2.5. Component breakdown size & forecasts, 2022-2032
10.2. Europe Gas Lift System Market
  10.2.1. U.K. Gas Lift System Market
  10.2.2. Germany Gas Lift System Market
  10.2.3. France Gas Lift System Market
  10.2.4. Spain Gas Lift System Market
  10.2.5. Italy Gas Lift System Market
  10.2.6. Rest of Europe Gas Lift System Market
10.3. Asia-Pacific Gas Lift System Market
  10.3.1. China Gas Lift System Market
  10.3.2. India Gas Lift System Market
  10.3.3. Japan Gas Lift System Market
  10.3.4. Australia Gas Lift System Market
  10.3.5. South Korea Gas Lift System Market
  10.3.6. Rest of Asia Pacific Gas Lift System Market
10.4. Latin America Gas Lift System Market
  10.4.1. Brazil Gas Lift System Market
  10.4.2. Mexico Gas Lift System Market
  10.4.3. Rest of Latin America Gas Lift System Market
10.5. Middle East & Africa Gas Lift System Market
  10.5.1. Saudi Arabia Gas Lift System Market
  10.5.2. South Africa Gas Lift System Market
  10.5.3. Rest of Middle East & Africa Gas Lift System Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. Baker Hughes Company
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. ChampionX
  11.3.3. Weatherford International plc
  11.3.4. Schlumberger Limited
  11.3.5. Saudi Arabian Oil Co. (Saudi Aramco)
  11.3.6. National Oilwell Varco, Inc.
  11.3.7. Tendeka
  11.3.8. Emerson Electric Co.
  11.3.9. Spoc Automation, Inc.
  11.3.10. Tally Energy Services
  11.3.11. Halliburton
  11.3.12. Wood Group
  11.3.13. General Electric (GE)
  11.3.14. NOVOMET
  11.3.15. OleumTech Corporation

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Gas Lift System market, report scope
TABLE 2. Global Gas Lift System market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Gas Lift System market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 4. Global Gas Lift System market estimates & forecasts by Gas Lift Type 2022-2032 (USD Billion)
TABLE 5. Global Gas Lift System market estimates & forecasts by Well Type 2022-2032 (USD Billion)
TABLE 6. Global Gas Lift System market estimates & forecasts by Lift Type 2022-2032 (USD Billion)
TABLE 7. Global Gas Lift System market estimates & forecasts by Component 2022-2032 (USD Billion)
TABLE 8. U.S. Gas Lift System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. U.K. Gas Lift System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. China Gas Lift System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Brazil Gas Lift System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Saudi Arabia Gas Lift System market estimates & forecasts, 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Gas Lift System market, research methodology
FIG 2. Global Gas Lift System market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Gas Lift System market, key trends 2023
FIG 5. Global Gas Lift System market, growth prospects 2022-2032
FIG 6. Global Gas Lift System market, porters 5 force model
FIG 7. Global Gas Lift System market, PESTEL analysis
FIG 8. Global Gas Lift System market, value chain analysis
FIG 9. Global Gas Lift System market by Application, 2022 & 2032 (USD Billion)
FIG 10. Global Gas Lift System market by Gas Lift Type, 2022 & 2032 (USD Billion)
FIG 11. Global Gas Lift System market by Well Type, 2022 & 2032 (USD Billion)
FIG 12. Global Gas Lift System market by Lift Type, 2022 & 2032 (USD Billion)
FIG 13. Global Gas Lift System market by Component, 2022 & 2032 (USD Billion)
FIG 14. North America Gas Lift System market 2022 & 2032 (USD Billion)
FIG 15. Europe Gas Lift System market 2022 & 2032 (USD Billion)
FIG 16. Asia pacific Gas Lift System market 2022 & 2032 (USD Billion)
FIG 17. Latin America Gas Lift System market 2022 & 2032 (USD Billion)
FIG 18. Middle East & Africa Gas Lift System market 2022 & 2032 (USD Billion)
FIG 19. Global Gas Lift System market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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