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Dublin, June 09, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/c3h5nd/artificial_lift) has announced the addition of the "Artificial Lift Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020" report to their offering.
North America is projected to be the largest market for artificial lift systems by 2020. With the discovery of shale gas reserves and rise in number of drilling activities, especially in the U.S. and Canada, the market for artificial lift systems is likely to rise at a substantial rate in the region. Demand for artificial lift systems is also projected to rise at a significant rate owing to the vast discoveries of shale gas reserves in Poland, Spain and Denmark. Various types of artificial lift systems are used to extract large volumes of crude oil and natural gas in Europe. Numerous petroleum companies are installing artificial lift systems for extracting high volumes of crude oil and natural gas to maintain energy security in the respective countries.
Demand for artificial lift systems is estimated to rise in RoW owing to the discoveries of offshore reserves in countries such as Tanzania, Mozambique and Egypt. Furthermore, increase in the number of exploration and production activities in Latin America and West Africa, especially in offshore reserves, has propelled the growth of the artificial lift systems. Currently, large volumes of crude oil and natural gas are being imported from countries in the Middle East. RoW countries such as Nigeria, Angola and Venezuela have large petroleum reserves. These reserves help maintain energy security and also to a certain extent bridge the prevailing energy demand-supply gap across the globe.
The report includes geographical regions such as North America, Asia Pacific, Europe and Rest of the World (RoW). Every region has been further bifurcated on the basis of the product segment. Revenue forecasts and estimates for each product segment have been provided for the period 2014-2020.
The report also provides detailed analysis and revenue of companies such as Baker Hughes, Inc., Borets Company LLC, Dover Artificial Lift, Flotek Industries, Inc., Halliburton Company, Kudu Industries, Inc., National Oilwell Varco, Inc., Schlumberger Limited, Superior Energy Services, Inc., and Weatherford International Ltd. are expected to dominate the market for artificial lift systems in the near future.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Artificial Lift Systems Market - Industry Analysis
Chapter 4 Artificial Lift Systems Market - Product Type Analysis
Chapter 5 Artificial Lift Systems Market - Regional Analysis
Chapter 6 Company Profiles
For more information visit http://www.researchandmarkets.com/research/c3h5nd/artificial_lift
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