Artificial Lift Systems Market Analysis North America,Europe,APAC,Middle East and Africa,South America - US,Canada,China,Japan,Spain - Size and Forecast 2023-2027

Published: Oct 2023

Pages: 171

SKU: IRTNTR43900

Snapshot

Artificial Lift Systems Market Forecast 2023-2027

The Artificial Lift Systems Market size of the market is forecast to increase by USD 4.10 billion, at a CAGR of 6.76% between 2022 and 2027. The market's growth hinges on various factors, including the escalating demand for oil and natural gas, heightened production needs in mature fields, and the upsurge in production operations in deepwater, ultra-deep offshore, and heavy oil sectors. As global energy consumption rises, particularly in emerging economies, there is a corresponding increase in the need for fossil fuels, driving the demand for exploration and production activities. Additionally, advancements in drilling technologies and techniques enable more efficient extraction from mature fields, prolonging their productive lifespan. Moreover, the exploration and development of challenging environments, such as deepwater and heavy oil reservoirs, present new opportunities for market expansion.

What will be the size of the Market During the Forecast Period?

Market Forecast 2023-2027

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Market Segmentation

The market plays a crucial role in optimizing production from vertical wells by facilitating the extraction of fluids (oil, gas). It caters to various applications, including heavy oil and shale gas production, utilizing techniques like Electrical Submersible Pumps (ESP). With advancements like web based monitoring, operators can enhance efficiency during the drilling process and heavy oil production, ensuring optimal performance. Moreover, the market is witnessing a shift towards sustainable practices with the integration of renewable energy sources such as solar energy, wind energy, biomass energy, and hydroelectric power to power artificial fostering environmental stewardship in artificial lift services.

Further, this report extensively covers market segmentation by type (ESP systems, RLP systems, PCP systems, and others), end-user (onshore oil gas industry, and offshore oil gas industry), and geography ( North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Type

The ESP systems segment will account for a major share of the market's growth during the forecast period. There is an increasing preference for ESP systems across key oil-producing countries such as Saudi Arabia, Russia, Canada, Nigeria, and Iraq. One of the main advantages of this system is that it can be applied in both onshore and offshore oil and gas fields.

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The ESP systems segment was valued at USD 4.11 billion in 2017. One of the main reasons end-user industries prefer the ESP systems over other systems is that t these systems can extract an extremely high volume of oil per day from wells as deep as 16,000 feet. Hence, there is increasing adoption of ESP systems is increasing in mature fields due to its several benefits. This increasing adoption across end-user industries and factors such as low lifting costs for high volumes, resulting in both onshore and offshore fields is expected to drive the growth of this segment which in turn will drive market growth during the forecast period.

By End-User

Based on end-user, the market has been segmented into the onshore oil gas industry and offshore oil gas industry. There is an increasing demand for the onshore market due to the increasing prices across the world. Factors such as an increased focus on onshore activities, exploration of sedimentary basins, improvement in production by drilling deep in wells, and the future exploration of unconventional oil and gas such as shale gas and tight oil. are expected to drive the growth of this market. Additionally, other significant developments such as new oil and gas fields in African countries such as the Niger Delta, Central Africa, and the southern part of Africa have increased investments in oil and gas production, which will, in turn, contribute to the growth of the market. Hence such factors are expected to drive the growth of this segment which in turn will drive market growth during the forecast period.

By Region

North America is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. There is increasing growth of the market in North America due to its rising adoption and use in both onshore and offshore oil and gas industries.

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Factors such as the rapidly growing manufacturing of components such as pumps, motors, controllers, and sucker rods will drive the growth of the artificial lift systems market in the region. Another significant factor that is driving the steady demand for artificial lift systems, is the domination of the shale gas industry and the competitiveness of the market in the region. Artificial lift and real-time monitoring services will improve the growth of the domestic installation and maintenance market for artificial lift systems from product and service providers in North American countries. Hence, such factors are expected to drive the market growth in the region during the forecast period.

Market Dynamics

The market is pivotal in enhancing hydrocarbon recovery by managing reservoir pressure and optimizing the production of oil and gas fluids. Utilizing methods such as rod lift, electric submersible pumps (ESPs), and gas lift, it facilitates production from both conventional sources and unconventional resources like heavy oil and shale gas reserves. With the advent of web-based monitoring and automated services, operators can efficiently monitor and control operations, improving reservoir energy utilization and increasing production rates. Moreover, the industry is exploring renewable energy sources like solar, wind, biomass, hydroelectric, and geothermal power to power artificial lift systems, aligning with sustainability goals. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver- Growing demand for oil and natural gas

Due to industrial and household activities, there is a growing energy demand and is significantly high in developing economies. Factors such as transportation needs and a rapid increase in the global population is significantly driving the energy demand from these countries.

For instance, several developing countries, such as India, China, Mexico, and Brazil, are heavily relying on oil and gas resources, in turn providing ample opportunities for companies that manufacture and deliver artificial lift systems. Also, there is a growing demand for producing from onshore and offshore mature fields. One of the major reasons for the increased demand from developing nations such as India, China, Malaysia, and Brazil is due to the volatile nature of oil and gas prices. Hence, such factors are expected to drive market growth during the forecast period.

Trends- Increasing adaptation to non-conventional energy sources in Europe

Due to factors such as strict government regulations in Europe, several companies are forced to switch to non-conventional or renewable energy sources and the trend is on the rise significantly. Additionally, the fluctuating nature of crude oil prices is also significantly driving the transition to non-conventional or renewable energy sources across Europe.

For instance, the rise in production due to fracking technology to gain shale resources in the US has resulted in maximum production from OPEC. Moreover, companies are beginning to focus more on long-term investments in renewable energy rather than on short-term fossil resources. Hence, this transition in European oil and gas companies like Statoil, owing to less return on investments, is not providing new opportunities for the artificial lift systems market except for those that prevail for a longer time. Thus, such factors are expected to drive market growth during the forecast period.

Challenge- The need for high investment in offshore oil and gas operations

Due to the rise in competition, companies are required to develop pumps with superior quality depending on the oil and gas fields and increase productivity using modern techniques. Some of the key components which constitute the high investments include pumps, sensors, and artificial lifts,

Further, one of the key specifications of this component is that they are corrosive-resistant materials. For instance, pumps are made in such a way that there is no oil and gas leakage, as it can cause a fire. As a result, the cost of these components will be high leading to higher initial investment. Hence such factors are expected to hinder market growth during the forecast period.

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Baker Hughes Co: The company offers artificial lift systems under the brand name ACE Plus gas handler pumps.
Halliburton Co: The company offers artificial lift systems such as Corsair motors, hydro helical gas separators, and hercules horizontal pumping systems.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Type Outlook
- ESP systems
- RLP systems
- PCP systems
- Others
End-user Outlook
- Onshore oil gas industry
- Offshore oil gas industry
Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview:

The market is witnessing significant growth due to the increasing demand for efficient crude oil extraction from various sources, including conventional reservoirs and shale oil and gas formations. With the rise in horizontal wells and shale gas exploration, there's a growing need for advanced lifting technologies to optimize production. Companies like Patriot Pump are leading the way with innovative solutions such as cavity pumps, Gas lift systems, and Rod lift systems. These systems play a crucial role in enhancing petroleum production while minimizing environmental impact.

Further, as commercial activities and industrial development continue to expand, the demand for reliable artificial lift systems is expected to surge, driving further infrastructure development in the sector. Further, petroleum products have long dominated the energy sector, but there's a growing emphasis on clean energy alternatives. Components like rod guides, couplings, pony rods, stabilizers, and sinker bars are essential in the oil and gas industry for drilling and extraction operations.

Market Scope
Report Coverage	Details
Page number	171
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.76%
Market growth 2023-2027	USD 4.10 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	6.26
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 55%
Key countries	US, Canada, China, Japan, and Spain
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Baker Hughes Co., ChampionX Corp., General Petroleum Holdings Pty Ltd., Gulf Coast Pump and Supply, Halliburton Co., JJ Tech, Levare International, Liberty Lift Solutions LLC, NOV Inc., Novomet Group, NOW Inc., OiLSERV, PCM Artificial Lift Solutions, Premium Artificial Lift Systems Ltd, Rockwell Automation Inc., Schlumberger Ltd., SSI Artificial Lift, Torqueflow-Sydex Ltd., Valiant Artificial Lift Solutions LLC, and Weatherford International Plc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global artificial lift systems market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global artificial lift systems market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 ESP systems - Market size and forecast 2022-2027
- Exhibit 34: Chart on ESP systems - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on ESP systems - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on ESP systems - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on ESP systems - Year-over-year growth 2022-2027 (%)

6.4 RLP systems - Market size and forecast 2022-2027
- Exhibit 38: Chart on RLP systems - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on RLP systems - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on RLP systems - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on RLP systems - Year-over-year growth 2022-2027 (%)

6.5 PCP systems - Market size and forecast 2022-2027
- Exhibit 42: Chart on PCP systems - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on PCP systems - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on PCP systems - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on PCP systems - Year-over-year growth 2022-2027 (%)

6.6 Others - Market size and forecast 2022-2027
- Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Type
- Exhibit 50: Market opportunity by Type ($ million)
- Exhibit 51: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 52: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 53: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 54: Chart on Comparison by End-user
- Exhibit 55: Data Table on Comparison by End-user

7.3 Onshore oil and gas industry - Market size and forecast 2022-2027
- Exhibit 56: Chart on Onshore oil and gas industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Onshore oil and gas industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Onshore oil and gas industry - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Onshore oil and gas industry - Year-over-year growth 2022-2027 (%)

7.4 Offshore oil and gas industry - Market size and forecast 2022-2027
- Exhibit 60: Chart on Offshore oil and gas industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Offshore oil and gas industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Offshore oil and gas industry - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Offshore oil and gas industry - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by End-user
- Exhibit 64: Market opportunity by End-user ($ million)
- Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2022-2027 (%)
- Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Canada - Market size and forecast 2022-2027
- Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.10 Spain - Market size and forecast 2022-2027
- Exhibit 99: Chart on Spain - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Spain - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Spain - Year-over-year growth 2022-2027 (%)

9.11 China - Market size and forecast 2022-2027
- Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027
- Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ million)
- Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption

11.4 Industry risks
- Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 117: Vendors covered

12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification

12.3 Baker Hughes Co.
- Exhibit 119: Baker Hughes Co. - Overview
- Exhibit 120: Baker Hughes Co. - Business segments
- Exhibit 121: Baker Hughes Co. - Key news
- Exhibit 122: Baker Hughes Co. - Key offerings
- Exhibit 123: Baker Hughes Co. - Segment focus

12.4 ChampionX Corp.
- Exhibit 124: ChampionX Corp. - Overview
- Exhibit 125: ChampionX Corp. - Business segments
- Exhibit 126: ChampionX Corp. - Key news
- Exhibit 127: ChampionX Corp. - Key offerings
- Exhibit 128: ChampionX Corp. - Segment focus

12.5 Halliburton Co.
- Exhibit 129: Halliburton Co. - Overview
- Exhibit 130: Halliburton Co. - Business segments
- Exhibit 131: Halliburton Co. - Key news
- Exhibit 132: Halliburton Co. - Key offerings
- Exhibit 133: Halliburton Co. - Segment focus

12.6 JJ Tech
- Exhibit 134: JJ Tech - Overview
- Exhibit 135: JJ Tech - Product / Service
- Exhibit 136: JJ Tech - Key offerings

12.7 Levare International
- Exhibit 137: Levare International - Overview
- Exhibit 138: Levare International - Product / Service
- Exhibit 139: Levare International - Key offerings

12.8 Liberty Lift Solutions LLC
- Exhibit 140: Liberty Lift Solutions LLC - Overview
- Exhibit 141: Liberty Lift Solutions LLC - Product / Service
- Exhibit 142: Liberty Lift Solutions LLC - Key offerings

12.9 NOV Inc.
- Exhibit 143: NOV Inc. - Overview
- Exhibit 144: NOV Inc. - Business segments
- Exhibit 145: NOV Inc. - Key offerings
- Exhibit 146: NOV Inc. - Segment focus

12.10 Novomet Group
- Exhibit 147: Novomet Group - Overview
- Exhibit 148: Novomet Group - Product / Service
- Exhibit 149: Novomet Group - Key news
- Exhibit 150: Novomet Group - Key offerings

12.11 NOW Inc.
- Exhibit 151: NOW Inc. - Overview
- Exhibit 152: NOW Inc. - Business segments
- Exhibit 153: NOW Inc. - Key offerings
- Exhibit 154: NOW Inc. - Segment focus

12.12 OiLSERV
- Exhibit 155: OiLSERV - Overview
- Exhibit 156: OiLSERV - Product / Service
- Exhibit 157: OiLSERV - Key offerings

12.13 PCM Artificial Lift Solutions
- Exhibit 158: PCM Artificial Lift Solutions - Overview
- Exhibit 159: PCM Artificial Lift Solutions - Product / Service
- Exhibit 160: PCM Artificial Lift Solutions - Key offerings

12.14 Premium Artificial Lift Systems Ltd
- Exhibit 161: Premium Artificial Lift Systems Ltd - Overview
- Exhibit 162: Premium Artificial Lift Systems Ltd - Product / Service
- Exhibit 163: Premium Artificial Lift Systems Ltd - Key offerings

12.15 Rockwell Automation Inc.
- Exhibit 164: Rockwell Automation Inc. - Overview
- Exhibit 165: Rockwell Automation Inc. - Business segments
- Exhibit 166: Rockwell Automation Inc. - Key news
- Exhibit 167: Rockwell Automation Inc. - Key offerings
- Exhibit 168: Rockwell Automation Inc. - Segment focus

12.16 Schlumberger Ltd.
- Exhibit 169: Schlumberger Ltd. - Overview
- Exhibit 170: Schlumberger Ltd. - Business segments
- Exhibit 171: Schlumberger Ltd. - Key news
- Exhibit 172: Schlumberger Ltd. - Key offerings
- Exhibit 173: Schlumberger Ltd. - Segment focus

12.17 Weatherford International Plc
- Exhibit 174: Weatherford International Plc - Overview
- Exhibit 175: Weatherford International Plc - Business segments
- Exhibit 176: Weatherford International Plc - Key news
- Exhibit 177: Weatherford International Plc - Key offerings
- Exhibit 178: Weatherford International Plc - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 179: Inclusions checklist
- Exhibit 180: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 181: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 182: Research methodology
- Exhibit 183: Validation techniques employed for market sizing
- Exhibit 184: Information sources

13.5 List of abbreviations
- Exhibit 185: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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