Artificial Lift System Market: By Type, By Well Type, By Component, By Application, and Region Forecast 2020-2031
Artificial Lift System Market size was valued at US$ 20,292.1 million in 2024 and is expected to reach US$ 28,936.0 million by 2031, growing at a significant CAGR of 5.2% from 2025-2031. Moreover, the U.S. Artificial Lift System Market is projected to grow significantly, reaching an estimated value of US$ 9,028.0 Million by 2031. An Artificial Lift System is a mechanical method used in the oil and gas industry to increase the flow of fluids from a production well when the natural reservoir pressure is not sufficient to push the fluids to the surface. The market is primarily driven by the rising number of mature and declining oil fields worldwide, where reservoir pressure is no longer sufficient for natural oil flow. This necessitates the adoption of artificial lift technologies such as electric submersible pumps and progressive cavity pumps to maintain production and extend the life of wells.
Supporting this growth are factors like increasing shale oil exploration, automation advancements, and rising energy demand in developing nations. A prominent trend shaping the market is the integration of smart technologies, including IoT-enabled sensors, remote monitoring, and real-time analytics, which enhance system performance, reduce downtime, and cut operational costs. The industry is also seeing a shift toward environmentally sustainable, energy-efficient lift systems and increasing demand from unconventional and offshore oilfields.
A significant opportunity lies in digital transformation, especially in remote and offshore fields where intelligent lift systems improve efficiency and safety. However, high initial investment and maintenance costs remain key restraints, particularly for small operators or in technically challenging environments. Additionally, complexities in system selection, fluctuating oil prices, and regulatory pressures further limit broader adoption. Despite these challenges, the market remains poised for steady growth as innovation and global energy needs continue to shape demand.
Based on the type:
Among the various artificial lift system types, electric submersible pumps (ESPs) hold the largest market share due to their high efficiency, ability to operate in deep and high-volume wells, and suitability for both onshore and offshore environments. ESPs are widely used in mature oilfields and shale formations, especially in regions like North America and the Middle East, where maximizing production from aging wells is crucial. Their compatibility with remote monitoring technologies and minimal surface footprint further strengthens their adoption. In contrast, Jet pumps, while effective for specific applications, account for the smallest market share due to their lower energy efficiency, limited flow range, and higher operational complexity.
Based on the well type:
The horizontal wells account for the larger market share due to the widespread adoption of horizontal drilling techniques, particularly in shale and tight oil formations. These wells provide greater reservoir contact and higher production rates but often require artificial lift systems to manage inconsistent pressure and complex flow dynamics. Technologies like Electric Submersible Pumps (ESPs) and Progressive Cavity Pumps (PCPs) are preferred in such wells for their adaptability and efficiency. Vertical wells, while still in use for conventional reservoirs, hold a smaller share as drilling trends continue to shift toward maximizing output through horizontal wellbores.
Based on the components:
In the market, the pump segment holds the largest market share as it is the core component responsible for physically lifting fluids to the surface, making it indispensable across all lift types such as ESPs, PCPs, and jet pumps. Its performance directly impacts efficiency, flow rate, and production levels, driving demand for technologically advanced, durable, and high-capacity pumps. Additionally, the rising use of pumps in both conventional and unconventional wells boosts their market dominance. In contrast, the controller segment has a comparatively smaller share, as it primarily serves a supportive role in regulating operations and is less frequently replaced or upgraded than pumps.
Based on the application:
The onshore segment holds the largest market share in the market due to the higher number of oil wells, lower operational costs, and easier accessibility for installation and maintenance. Onshore fields, particularly in regions like North America, the Middle East, and Asia-Pacific, are home to a significant portion of mature and marginal wells that rely heavily on artificial lift systems to maintain production levels. The cost-efficiency of deploying systems such as ESPs and PCPs further supports their widespread use on land. In comparison, the offshore segment holds a smaller share, primarily due to higher deployment costs, complex logistics, and harsh environmental conditions.
Study Period
2025-2031Base Year
2024CAGR
5.2%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The key driver of the market is the growing number of mature oil fields worldwide. As oil fields age, the natural pressure in reservoirs declines, making it increasingly difficult to extract crude oil efficiently. To counter this, artificial lift systems are implemented to enhance production by artificially increasing reservoir pressure or aiding the flow of oil to the surface. This becomes especially important in countries such as the United States, China, and Russia, where a significant percentage of oil production originates from mature or declining fields. The adoption of technologies such as electric submersible pumps (ESPs) and progressive cavity pumps (PCPs) helps maintain output levels and improve the economic recovery of hydrocarbons from these aging reserves.
In addition, other drivers contributing to the market's growth include the rise in shale oil exploration, advancements in remote monitoring and automation of lift systems, and increased energy demand from developing nations.
One major restraint in the market is the high initial capital and operational costs. Many artificial lift systems, such as electrical submersible pumps (ESPs), gas lift systems, or progressive cavity pumps, require significant investment in equipment, infrastructure, and skilled manpower for installation and ongoing maintenance. This becomes a financial challenge, especially for small and mid-sized oil companies or in economically unstable regions. In addition, in harsh environments like offshore or deep wells, the cost and technical complexity increase further, limiting widespread adoption.
Market uncertainty due to fluctuating oil prices also discourages long-term investment in such systems. Other restraints include the technical difficulty in selecting and optimizing the right lift method for different well conditions, the risk of mechanical failures or downtime, and increasing environmental scrutiny regarding energy consumption and emissions during operations. These factors collectively slow down the broader implementation of artificial lift technologies.
A key opportunity in the market lies in the integration of digital technologies and automation. The adoption of advanced data analytics, real-time monitoring, and Internet of Things (IoT)-enabled sensors is transforming traditional oilfield operations into intelligent systems. These smart artificial lift solutions can continuously monitor well conditions, detect performance issues early, and optimize pump operations remotely, significantly increasing production efficiency while reducing downtime and maintenance costs. This digital shift is especially valuable in remote and offshore oilfields, where manual monitoring is unconventional, resource-intensive, costly, and logistically challenging. Additionally, expanding exploration in like shale oil and tight reservoirs offers vast opportunities for artificial lift systems. Regions such as North America, Latin America, and parts of Asia-Pacific are investing heavily in these reserves.
Further opportunities stem from growing energy demand, enhanced oil recovery (EOR) techniques, and supportive government initiatives promoting energy infrastructure modernization in oil-producing countries.
The market is witnessing rapid evolution, driven by several transformative trends. A key development is the increasing integration of digital technologies, such as IoT-enabled sensors, real-time data analytics, and remote monitoring. These smart lifting solutions help optimize production efficiency, predict equipment failures, and reduce operational downtime, offering substantial cost savings and improved decision-making. Another significant trend is the growing preference for energy-efficient and environmentally friendly artificial lift systems, reflecting the global push toward carbon reduction and sustainable operations. Additionally, the market is experiencing a surge in demand from unconventional oilfields, particularly in regions like North America, where horizontal drilling and shale exploration require advanced lift systems that can handle complex well geometries and fluctuating pressures.
Offshore deployment is another important trend, as exploration moves into deeper and harsher environments. Here, robust, corrosion-resistant systems are essential to ensure long-term performance and safety. Furthermore, there is a rising focus on modular and customizable designs, allowing oil operators to scale and adapt artificial lift systems based on specific well conditions and production needs, thus maximizing efficiency and return on investment.
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market Size in 2024 |
US$ 20,292.1 million |
Market Size in 2031 |
US$ 28,936.0 million |
Market CAGR |
5.2% |
By Type |
|
By Well Type |
|
By Components |
|
By Application |
|
By Region |
|
According to a PBI Analyst, the market is evolving steadily, driven by the urgent need to sustain production from mature oil fields and meet rising global energy demand. Analysts observe strong momentum in adopting advanced technologies such as IoT, automation, and real-time monitoring, which are improving operational efficiency and reducing downtime. The shift toward digital oilfields and smart lift solutions is reshaping industry standards, particularly in remote and offshore fields.
However, high installation and maintenance costs continue to pose challenges, especially for smaller operators. Despite these barriers, increasing shale development, offshore exploration, and emphasis on energy efficiency are opening new growth avenues. With expanding opportunities in emerging markets and ongoing innovation, the market shows a strong potential for long-term development.
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The artificial lift system market size was valued at US$ 20,292.1 million in 2024 and is projected to grow at a significant CAGR of 5.2% from 2025-2031.
The growth is primarily driven by the increasing number of mature oilfields and the demand for enhanced oil recovery, with additional support from technological advancements and rising energy demand in emerging regions
Key trends include the integration of IoT and remote monitoring, growing offshore deployment, and a shift toward modular, energy-efficient systems.
Market is segmented based on type, well type, components, application, and region.
Asia-Pacific is the fastest-growing region in the market.
1.Executive Summary |
2.Global Artificial Lift System Market Introduction |
2.1.Global Artificial Lift System Market - Taxonomy |
2.2.Global Artificial Lift System Market - Definitions |
2.2.1.Type |
2.2.2.Well Type |
2.2.3.Components |
2.2.4.Application |
2.2.5.Region |
3.Global Artificial Lift System Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Artificial Lift System Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Artificial Lift System Market By Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
5.1. Pressurized Water Reactor (PWR) |
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Electric Submersible Pumps |
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Gas lift |
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Progressing Cavity Pumps |
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Jet pump |
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Others |
5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
6.Global Artificial Lift System Market By Well Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
6.1. Vertical |
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Horizontal |
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7.Global Artificial Lift System Market By Components, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
7.1. Pump |
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Motor |
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Cable System |
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Controller |
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.Global Artificial Lift System Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
8.1. Onshore |
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Offshore |
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9.Global Artificial Lift System Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Artificial Lift System Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
10.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Pressurized Water Reactor (PWR) |
10.1.2.Electric Submersible Pumps |
10.1.3.Gas lift |
10.1.4.Progressing Cavity Pumps |
10.1.5.Jet pump |
10.1.6.Others |
10.2. Well Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Vertical |
10.2.2.Horizontal |
10.3. Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Pump |
10.3.2.Motor |
10.3.3.Cable System |
10.3.4.Controller |
10.3.5.Others |
10.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Onshore |
10.4.2.Offshore |
10.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Artificial Lift System Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Pressurized Water Reactor (PWR) |
11.1.2.Electric Submersible Pumps |
11.1.3.Gas lift |
11.1.4.Progressing Cavity Pumps |
11.1.5.Jet pump |
11.1.6.Others |
11.2. Well Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Vertical |
11.2.2.Horizontal |
11.3. Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Pump |
11.3.2.Motor |
11.3.3.Cable System |
11.3.4.Controller |
11.3.5.Others |
11.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Onshore |
11.4.2.Offshore |
11.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Artificial Lift System Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Pressurized Water Reactor (PWR) |
12.1.2.Electric Submersible Pumps |
12.1.3.Gas lift |
12.1.4.Progressing Cavity Pumps |
12.1.5.Jet pump |
12.1.6.Others |
12.2. Well Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Vertical |
12.2.2.Horizontal |
12.3. Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Pump |
12.3.2.Motor |
12.3.3.Cable System |
12.3.4.Controller |
12.3.5.Others |
12.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Onshore |
12.4.2.Offshore |
12.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Artificial Lift System Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Pressurized Water Reactor (PWR) |
13.1.2.Electric Submersible Pumps |
13.1.3.Gas lift |
13.1.4.Progressing Cavity Pumps |
13.1.5.Jet pump |
13.1.6.Others |
13.2. Well Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Vertical |
13.2.2.Horizontal |
13.3. Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Pump |
13.3.2.Motor |
13.3.3.Cable System |
13.3.4.Controller |
13.3.5.Others |
13.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Onshore |
13.4.2.Offshore |
13.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Artificial Lift System Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
14.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Pressurized Water Reactor (PWR) |
14.1.2.Electric Submersible Pumps |
14.1.3.Gas lift |
14.1.4.Progressing Cavity Pumps |
14.1.5.Jet pump |
14.1.6.Others |
14.2. Well Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Vertical |
14.2.2.Horizontal |
14.3. Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Pump |
14.3.2.Motor |
14.3.3.Cable System |
14.3.4.Controller |
14.3.5.Others |
14.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Onshore |
14.4.2.Offshore |
14.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Tenaris (Luxembourg) |
15.2.2.Liberty Lift Solutions LLC (U.S.) |
15.2.3.Cairn Oil and Gas (India) |
15.2.4.Geolis (Mexico) |
15.2.5.Endurance Lift Solutions (U.S.) |
15.2.6.Levare (UAE) |
15.2.7.JJ Tech (U.S.) |
15.2.8.Novomet (Russia) |
15.2.9.Halliburton (U.S.) |
15.2.10.OilSERV (UAE) |
15.2.11.LUFKIN (U.S.) |
15.2.12.Penguin Petroleum Services (P) Limited (India) |
15.2.13.ChampionX (U.S.) |
15.2.14.SLB (U.S.) |
15.2.15.Alkhorayef Petroleum (Saudi Arabia) |
15.2.16.Valiant Artificial Lift Solutions (U.S.) |
15.2.17.Weatherford (U.S.) |
15.2.18.National Energy Services Reunited Corp. (U.S.) |
15.2.19.Rimera Group (Russia) |
15.2.20.Lift Well International (U.S.) |
15.2.21.NOV Inc. (U.S.) |
15.2.22.DistributionNow (U.S.) |
15.2.23.Baker Hughes Company (U.S.) |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players