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Category: Business and Industry
Date Submitted: 08/19/2015 04:10 AM
Transparency Market
Research
Artificial Lift Systems Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2014 - 2020
Published Date
2015-02-09
70 Page Report
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Press Release
Artificial Lift Systems Market is expected to reach USD 19,806.8
Million by 2020
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Artificial Lift Systems Market
REPORT DESCRIPTION
The artificial lift systems market report by Transparency Market Research provides in-depth analysis of the global artificial
lift systems industry. The report divides the market on the basis of product type and region. It also provides the forecast
and estimates for each product and region. The report analyzes demand and supply characteristics of the market by
providing detailed forecast and analysis of revenue for the period 2014 – 2020.
Browse Full Artificial Lift Systems Market Report
http://www.transparencymarketresearch.com/artificial-lift-system-market.htm
The artificial lift systems market primarily includes six types of products: electrical submersible pumps, rod lift or sucker
rod pump, progressive cavity pump, hydraulic pump, gas lift and plunger lift. Electrical submersible pump is expected to
be the most dominant product segment in the global artificial lift systems market by 2020. The segment accounted for the
largest share of the artificial lift systems market in 2013. Rod lift is one of the oldest methods used for lifting crude oil and
natural gas. This is primarily attributed to its potential to lift heavy viscous crude oil at high temperatures. Additionally,
matured reserves account for a significant percentage of crude oil production. In the present scenario, over 70.0% of the
total crude oil production comes from matured reserves. Thus, matured reserves act as a key driver...