The global artificial lift market is estimated to be USD 7.62 billion in 2016, and is expected to grow at a CAGR of 4.91% from 2016 to 2021. Increasing heavy oil production and shale gas production are major factors driving the artificial lift market.

The report segments the artificial lift market on the basis of mechanism into pump assisted and gas assisted. The pump assisted segment is projected to dominate the artificial lift market.

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Objectives of the Study
• To define, describe, and forecast the global artificial lift market by type, mechanism, application, and region
• To provide detailed information regarding major factors influencing the growth of the artificial lift market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the artificial lift market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the artificial lift market

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Market Ecosystem:
The ecosystem of the global artificial lift market starts with the manufacture of components, such as piston, valves, pumps, cables, motors, and so on. The manufactured parts are then assembled by the OEM to form various artificial lift systems, which are then tested. This stage is followed by the distribution stage, following which, the product is provided to the oil & gas operators.

Target Audience:
The report’s target audience includes:
• Artificial lift equipment manufacturers
• Oilfield service companies
• Private E&P companies
• National Oil Companies (NOCs)
• Government and research organizations
• National and local government organizations
• Institutional investors
• Drilling contractors and production planning consultancies
• Associations ( American Petroleum Institute and Canadian Association of Petroleum Producers among others)

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