Artificial Lift Systems Market Size in the US to Grow by USD 1.24 Bn, Global Industrial Machinery Market Categorized as Parent Market - Technavio

NEW YORK, Oct. 19, 2022 /PRNewswire/ -- The artificial lift systems market in the US has been categorized as a part of the global industrial machinery market. The parent market, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering machine tools, presses, compressors, elevators, escalators, pollution control equipment, insulators, pumps, roller bearings, and other metal fabrications.

The artificial lift systems market size in the US is set to grow by USD 1.24 billion between 2021 and 2026. However, the growth momentum of the market will decelerate at a CAGR of 4.82% during the forecast period, according to Technavio's latest estimates.

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The artificial lift systems market in the US is fragmented, with the presence of vendors that offer artificial lift systems. Vendors are deploying growth strategies such as price, quality, service, and technical expertise to compete in the market. Established players in the market are competing with other players by offering differentiated services. They are also providing experts and certified specialists, which will intensify competition during the forecast period.

• Application 
• Onshore
• Offshore
• Type 
• ESP Systems
• RLP Systems
• PCP Systems
• Others

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Artificial lift is a process that is used on oil wells to raise the pressure within the reservoir and send oil to the surface. The onshore segment will be the largest contributor to market growth during the forecast period. The increasing drilling activities owing to the rise in energy demand in the US are driving this growth.

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the artificial lift systems market include AccessESP, Baker Hughes Co., BCPGroup Artificial Lift Inc., Borets International Ltd., ChampionX Corp., Dover Corp., General Electric Co., Gorman-Rupp Pumps, Halliburton Co., JJ Tech, NOV Inc., Novomet, Occidental Petroleum Corp., Schlumberger Ltd., Valiant Artificial Lift Solutions LLC, Weatherford International Plc, and DistributionNOW.

The report also covers the following areas:

• Artificial Lift Systems Market in the US size
• Artificial Lift Systems Market in the US trends
• Artificial Lift Systems Market in the US industry analysis

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• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist artificial lift systems market growth in the US during the next five years
• Estimation of the artificial lift systems market size in the US and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the artificial lift systems market in the US
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of artificial lift systems market vendors in the US 

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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 Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 15: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 22: Chart on Application - Market share 2021-2026 (%)
• Exhibit 23: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 24: Chart on Comparison by Application
• Exhibit 25: Data Table on Comparison by Application

• 5.3 Onshore - Market size and forecast 2021-2026
• Exhibit 26: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
• Exhibit 27: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
• Exhibit 28: Chart on Onshore - Year-over-year growth 2021-2026 (%)
• Exhibit 29: Data Table on Onshore - Year-over-year growth 2021-2026 (%)

• 5.4 Offshore - Market size and forecast 2021-2026
• Exhibit 30: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Chart on Offshore - Year-over-year growth 2021-2026 (%)
• Exhibit 33: Data Table on Offshore - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application 
• Exhibit 34: Market opportunity by Application ($ million)

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 35: Chart on Type - Market share 2021-2026 (%)
• Exhibit 36: Data Table on Type - Market share 2021-2026 (%)

• 6.2 Comparison by Type 
• Exhibit 37: Chart on Comparison by Type
• Exhibit 38: Data Table on Comparison by Type

• 6.3 ESP systems - Market size and forecast 2021-2026
• Exhibit 39: Chart on ESP systems - Market size and forecast 2021-2026 ($ million)
• Exhibit 40: Data Table on ESP systems - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Chart on ESP systems - Year-over-year growth 2021-2026 (%)
• Exhibit 42: Data Table on ESP systems - Year-over-year growth 2021-2026 (%)

• 6.4 RLP systems - Market size and forecast 2021-2026
• Exhibit 43: Chart on RLP systems - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Data Table on RLP systems - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Chart on RLP systems - Year-over-year growth 2021-2026 (%)
• Exhibit 46: Data Table on RLP systems - Year-over-year growth 2021-2026 (%)

• 6.5 PCP systems - Market size and forecast 2021-2026
• Exhibit 47: Chart on PCP systems - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Data Table on PCP systems - Market size and forecast 2021-2026 ($ million)
• Exhibit 49: Chart on PCP systems - Year-over-year growth 2021-2026 (%)
• Exhibit 50: Data Table on PCP systems - Year-over-year growth 2021-2026 (%)

• 6.6 Others - Market size and forecast 2021-2026
• Exhibit 51: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 53: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 54: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 6.7 Market opportunity by Type 
• Exhibit 55: Market opportunity by Type ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 57: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 58: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 59: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 60: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 61: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 62: Matrix on vendor position and classification

• 10.3 Baker Hughes Co. 
• Exhibit 63: Baker Hughes Co. - Overview
• Exhibit 64: Baker Hughes Co. - Business segments
• Exhibit 65: Baker Hughes Co. - Key news
• Exhibit 66: Baker Hughes Co. - Key offerings
• Exhibit 67: Baker Hughes Co. - Segment focus

• 10.4 ChampionX Corp. 
• Exhibit 68: ChampionX Corp. - Overview
• Exhibit 69: ChampionX Corp. - Product / Service
• Exhibit 70: ChampionX Corp. - Key offerings

• 10.5 DistributionNOW 
• Exhibit 71: DistributionNOW - Overview
• Exhibit 72: DistributionNOW - Business segments
• Exhibit 73: DistributionNOW - Key news
• Exhibit 74: DistributionNOW - Key offerings
• Exhibit 75: DistributionNOW - Segment focus

• 10.6 Dover Corp. 
• Exhibit 76: Dover Corp. - Overview
• Exhibit 77: Dover Corp. - Business segments
• Exhibit 78: Dover Corp. - Key news
• Exhibit 79: Dover Corp. - Key offerings
• Exhibit 80: Dover Corp. - Segment focus

• 10.7 Halliburton Co. 
• Exhibit 81: Halliburton Co. - Overview
• Exhibit 82: Halliburton Co. - Product / Service
• Exhibit 83: Halliburton Co. - Key news
• Exhibit 84: Halliburton Co. - Key offerings

• 10.8 JJ Tech 
• Exhibit 85: JJ Tech - Overview
• Exhibit 86: JJ Tech - Product / Service
• Exhibit 87: JJ Tech - Key offerings

• 10.9 NOV Inc. 
• Exhibit 88: NOV Inc. - Overview
• Exhibit 89: NOV Inc. - Business segments
• Exhibit 90: NOV Inc. - Key news
• Exhibit 91: NOV Inc. - Key offerings
• Exhibit 92: NOV Inc. - Segment focus

• 10.10 Schlumberger Ltd. 
• Exhibit 93: Schlumberger Ltd. - Overview
• Exhibit 94: Schlumberger Ltd. - Business segments
• Exhibit 95: Schlumberger Ltd. - Key offerings
• Exhibit 96: Schlumberger Ltd. - Segment focus

• 10.11 Valiant Artificial Lift Solutions LLC
• Exhibit 97: Valiant Artificial Lift Solutions LLC - Overview
• Exhibit 98: Valiant Artificial Lift Solutions LLC - Product / Service
• Exhibit 99: Valiant Artificial Lift Solutions LLC - Key offerings

• 10.12 Weatherford International Plc 
• Exhibit 100: Weatherford International Plc - Overview
• Exhibit 101: Weatherford International Plc - Business segments
• Exhibit 102: Weatherford International Plc - Key offerings
• Exhibit 103: Weatherford International Plc - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 104: Inclusions checklist
• Exhibit 105: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 106: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 107: Research methodology
• Exhibit 108: Validation techniques employed for market sizing
• Exhibit 109: Information sources

• 11.5 List of abbreviations 
• Exhibit 110: List of abbreviations

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