Top Artificial Lift Companies - Quadrant Report

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Artificial Lift Market (Global) Company Evaluation Quadrant
Published on
Mar'2020
Pages
66
Code
360-EP 3045
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Artificial lift systems are one of the significant production technologies used in the oil & gas industry. These artificial lift systems are deployed by oil & gas operators on mature and new oilfields for increasing the flow rate and enhancing well productivity. Both onshore and offshore wells use these artificial lift systems. These systems include components, such as pumps, motors, separators, power cables, pump jacks, drive heads, power sources, tubing heads, sucker rods, and downhole sensors.

The artificial lift market was valued at USD 8 billion in 2019 and is projected to reach USD 10 billion by 2025, at a CAGR of 5% during the forecast period. Rising investments in the upstream oil & gas sector, continuous shale development activities, and heavy oil production are the major drivers for the artificial lift market. The increasing number of horizontal drilling activities in the US and Canada is another factor driving the demand for artificial lift methods in North America.

Continuous shale development activity to be the major driver for this market

Few leading players in the Artificial Lift Market are Schlumberger, Weatherford, Halliburton, Baker Hughes Company, Borets International, NOV, and Apergy with high-end technological advantages. The other players in the market include DistributionNow, JJ Tech, Novomet, OilSERV, PCM, Priority Artificial Lift, Access ESP, and CAMCO. They are rated and positioned on 2x2 matrix, called as ‘Company Evaluation Quadrant,’ and identified as: Visionary Leaders, Dynamic Differentiators, Innovators, and Emerging companies.

The report includes market-specific company profiles of 20 players and assesses the recent developments that shape the competitive landscape of this highly fragmented market.


List of top artificial lift companies evaluated and profiled in the report:

  • ACCESSESP
  • APERGY
  • BAKER HUGHES COMPANY
  • BORETS INTERNATIONAL
  • CAMCO
  • DISTRIBUTIONNOW
  • EPIC LIFT SYSTEMS
  • HALLIBURTON
  • JJ TECH
  • MIDDLE EAST OILFIELD SERVICES
  • MAKTOOM
  • NOV
  • NOVOMET
  • OILSERV
  • PRIORITY ARTIFICIAL LIFT SERVICES
  • PCM ARTIFICIAL LIFT SOLUTIONS INC
  • PRODUCTION LIFT COMPANIES
  • SCHLUMBERGER
  • WEATHERFORD
  • VALIANT ARTIFICIAL LIFT SOLUTIONS

Table of Contents

1 Introduction
   1.1 Definition
         1.1.1 Artificial Lift Market, By Mechanism: Inclusions Vs. Exclusions

2 Market Overview
   2.1 Introduction
   2.2 Market Dynamics
          Figure 1 Artificial Lift Market: Drivers, Restraints, Opportunities, and Challenges
          2.2.1 Drivers
                    2.2.1.1 Continuous Shale Development Activities
                                 Table 1 Top Countries With Recoverable Shale Resources, 2018
                    2.2.1.2 Rising Investments in the Upstream Oil & Gas Sector
                                 Figure 2 Global Oil & Gas Upstream Capital Spending (2016–2019)
                    2.2.1.3 Heavy Oil Production
          2.2.2 Restraints
                    2.2.2.1 Increasing Adoption of Renewable Energy in Europe
                    2.2.2.2 Lack of Skilled Labor
          2.2.3 Opportunities
                    2.2.3.1 Redevelopment of Mature Oilfields
                    2.2.3.2 New Offshore Oilfield Discoveries
                                 Figure 3 New Offshore Oilfields, By Operator, 2018
          2.2.4 Challenges
                    2.2.4.1 Application of ALMs in Horizontal Wells
                                 Table 2 Horizontal Well: Artificial Lift Methods
   2.3 Supply Chain Overview
          Figure 4 Artificial Lift Supply Chain
          2.3.1 Key Influencers
                    2.3.1.1 Equipment Manufacturers
                    2.3.1.2 Service Providers
                    2.3.1.3 Oilfield Operators

3 Company Evaluation Quadrant
   3.1 Visionary Leaders
   3.2 Innovators
   3.3 Dynamic Differentiators
   3.4 Emerging Companies
          Figure 5 Artificial Lift Market (Global) Company Evaluation Quadrant

4 Competitive Landscape
   4.1 Overview
          Figure 6 Key Developments in the Artificial Lift Market, 2017–February 2019
   4.2 Ranking of Players and Industry Concentration, 2019
          Figure 7 Ranking of Key Players & Industry Concentration, 2019
   4.3 Competitive Scenario
          Table 3 Developments of Key Players in the Market, 2017–2019
          4.3.1 New Product Launches
          4.3.2 Contracts & Agreements
          4.3.3 Mergers & Acquisitions
          4.3.4 Investments & Expansions
          4.3.5 Partnerships, Collaborations, Alliances, and Joint Ventures

5 Company Profiles
   5.1 Schlumberger
          5.1.1 Business Overview*
                    Figure 8 Schlumberger: Company Snapshot
          5.1.2 Products Offered*
          5.1.3 Recent Developments*
          5.1.4 SWOT Analysis*
                    Figure 9 Schlumberger: SWOT Analysis
          5.1.5 MnM View*
          (*Above sections are present for all of below companies)
   5.2 Weatherford International
          Figure 10 Weatherford International: Company Snapshot
          Figure 11 Weatherford: SWOT Analysis
   5.3 Halliburton
          Figure 12 Halliburton: Company Snapshot
          Figure 13 Halliburton: SWOT Analysis
   5.4 Baker Hughes Company
          Figure 14 Baker Hughes Company: Company Snapshot
          Figure 15 Baker Hughes Company: SWOT Analysis
   5.5 NOV
          Figure 16 NOV: Company Snapshot
          Figure 17 NOV: SWOT Analysis
   5.6 Borets International
          Figure 18 Borets International: Company Snapshot
   5.7 Apergy
          Figure 19 Apergy: Company Snapshot
   5.8 DistributionNOW
          Figure 20 DistributionNOW: Company Snapshot
   5.9 JJ Tech
   5.10 OiLSERV
   5.11 Novomet
   5.12 AccessESP
   5.13 PCM Artificial Lift Solutions Inc.
   5.14 Priority Artificial Lift Services
   5.15 Camco
   5.16 Valiant Artificial Lift Solutions
   5.17 Middle East Oilfield Services
   5.18 EPIC Lift Systems
   5.19 Maktoom Trading & Contracting Company
   5.20 Production Lift Companies

6 Appendix
   6.1 Methodology

This report identifies and benchmarks best artificial lift manufacturers such as Schlumberger, Weatherford, Halliburton, Baker Hughes Company, Borets International, and evaluates them on the basis of business strategy excellence and strength of product portfolio within the artificial lift ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on a 2x2 matrix, called as ‘Company Evaluation Quadrant,’ and identified as Visionary Leaders, Dynamic Differentiators, Innovators, or Emerging companies.

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