Global Artificial Lift Market Forecast to 2020 - Increasing Number of Declining Reservoirs Boosting Demand - Research and Markets
Research and Markets (http://www.researchandmarkets.com/research/r2shnm/global_artificial)
has announced the addition of the "Global
Artificial Lift Market Size, Share, Development, Growth and Demand
Forecast to 2020" report to their offering.
The continuously depleting oil reservoirs, maturing oil & gas fields,
and increasing deep and ultradeep water activities, are the key drivers
of the global artificial lift market. North America led the global
artificial lift market in 2014, and is expected to maintain its
dominance in the forecast period. North America artificial lift market
is expected to grow, with the highest rate in the forecast period.
The dominance of North America artificial lift market over other regions
is due to the presence of recoverable shale oil and gas resources, in
the region.
The increasing number of declining reservoirs is boosting the demand for
artificial lift in other regions. The decrease in number of wells, are
likely to account for declination in the reservoir pressure. Since the
oil production has peaked in 33 countries out of 48, including some
major producers such as Russia, Mexico and Kuwait; therefore the
increasing demand for artificial lift, is likely to increase its
production.
The increasing shale oil and gas production is one of the major trends
experienced in the global artificial lift market. The oil & gas
production is increasing majorly in the basins across the United States,
due to increasing precision and efficiency of horizontal drilling and
hydraulic fracturing, in the oil and natural gas extraction. This is
further creating an upsurge in the artificial lift market, particularly
the rod lift market.
Key Topics Covered:
Chapter 1. Research Scope And Methodology
Chapter 2. Executive Summary
Chapter 3. Market Outlook
Chapter 4. Global Market Size And Forecasts (2014 - 2020)
Chapter 5. Global Artificial Lift Market Breakdown By Type
Chapter 6. Global Artificial Lift Market Breakdown By Geography
Chapter 7. Competitive Positioning And Market Share
Chapter 8. Company Profiles And Strategic Developments
Companies Mentioned:
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Baker Hughes
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Borets
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Cameron International
-
Dover Corporation
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GE Oil & Gas
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Halliburton
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John Crane
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National Oilwell Varco
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Schlumberger
-
Weatherford
For more information visit http://www.researchandmarkets.com/research/r2shnm/global_artificial
View source version on businesswire.com: http://www.businesswire.com/news/home/20160127006300/en/
Copyright Business Wire 2016
Source: Business Wire
(January 27, 2016 - 3:27 PM EST)
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