The Market Reports

Synopsis
The global market for Artificial Lift was estimated to be worth US$ 11920 million in 2024 and is forecast to a readjusted size of US$ 14620 million by 2031 with a CAGR of 3.0% during the forecast period 2025-2031.
Artificial lift is a method used to lower the producing bottomhole pressure (BHP) on the formation to obtain a higher production rate from the well. This can be done with a positive-displacement downhole pump, such as a beam pump or a progressive cavity pump (PCP), to lower the flowing pressure at the pump intake. It also can be done with a downhole centrifugal pump, which could be a part of an electrical submersible pump (ESP) system. Most oil wells require artificial lift at some point in the life of the field, and many gas wells benefit from artificial lift to take liquids off the formation so gas can flow at a higher rate.
The artificial lift market refers to the technologies and methods employed to enhance the production of oil and gas from wells when natural reservoir pressure is insufficient to push fluids to the surface. Artificial lift systems are vital in increasing the output of aging wells, maintaining production rates, and improving the economic viability of oil and gas fields. The rod lift system is one of the most widely used artificial lift methods. It uses a mechanical pump that is powered by a motor at the surface and connected to the pump at the bottom of the well through rods. This system is effective for shallow to medium depth wells and works well in low-pressure reservoirs. An electric submersible pump is a downhole pump that is powered by an electric motor. It is one of the most popular artificial lift methods used for deeper wells, where higher pressure is required to lift oil and gas to the surface. ESPs are commonly used in both onshore and offshore oil production. Gas lift involves injecting gas into the wellbore to reduce the density of the produced fluids, allowing the hydrocarbons to flow to the surface. This method is commonly used in wells with a high gas-to-oil ratio, and it is suitable for both shallow and deep reservoirs. The artificial lift market plays a critical role in maximizing oil and gas production, particularly in mature and unconventional oil fields. As the demand for oil and gas continues to grow globally, the market for artificial lift systems is expected to expand, driven by advancements in technology and the need for efficient, cost-effective solutions to enhance production. However, challenges such as high costs, maintenance, and environmental regulations must be navigated for long-term growth in this sector.
This report aims to provide a comprehensive presentation of the global market for Artificial Lift, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Artificial Lift by region & country, by Type, and by Application.
The Artificial Lift market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Artificial Lift.
Market Segmentation
By Company
Schlumberger
General Electric
Halliburton
Weatherford
Apergy/Dover
National Oilwell Varco
Borets
Novomet
Segment by Type
Electric Submersible Pump (ESP)
Sucker Rod Pump (SRP)
Progressing Cavity Pump (PCP)
Other
Segment by Application
Onshore
Offshore
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Artificial Lift manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Artificial Lift in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Artificial Lift in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index