Research and Markets has announced the addition of the "Asia-Pacific Artificial Lift Market (2016 - 2022)" report to their offering.

The Asia Pacific artificial lift system market is expected to grow at a CAGR of 14.5% during 2016 - 2022.

Despite an increasing inclination to renewable energy sources the dependency on fossil fuels such as oil and natural gas would remain for long to fulfill energy needs. Therefore, the market leaders are focusing on innovative technologies to increase extraction from the reserves. In an effort to increase the production from mature oil fields, corporation are adopting using artificial lifts for better results.

The market for artificial lifts is largely driven due to increased demand for energy sources, maturing oil fields and increasing deep/ ultra-deep offshore oil production activities. However, some of the restraints that hold the market growth are the cost incurred during the initial phases and lack of skilled workforce. The more commonly used technologies that are widely adopted are rod lift, ESP, PCP, plunger, gas lift and others (hydraulic lift and foam lift). Among the aforementioned types, ESPs hold the maximum market share due to higher operating volume, fair gas handling and motor driven operation.

Companies Mentioned:

  • Baker Hughes Incorporated
  • GE Oil & Gas
  • National Oilwell Varco, Inc.
  • Halliburton
  • Dover Corporation
  • Schlumberger NV
  • Superior Energy Services, Inc.
  • Novomet
  • Neurosky, Inc.
  • Emotiv, Inc.
  • Guger Technologies OEG

Key Topics Covered:

1. Market Scope & Methodology

2. Market Overview

3. Asia Pacific Artificial Lift Market - By Type

4. Asia Pacific Artificial Lift Market - By Components

5. Asia Pacific Artificial Lift Market - By Country

6. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/tnnntc/asiapacific