(PRWEB) July 26, 2014
The European Artificial lift market report defines and segments the artificial lift market in Europe with analysis and forecast of revenue. The artificial lift market in Europe is estimated to grow from around $3.5 billion in 2013 to around $5.4 billion by 2018, at a CAGR of 8.8% from 2013 to 2018.
Browse through the TOC of European artificial lift market report, to get an idea of in-depth analysis provided. This also provides a glimpse of the segmentation in European Artificial lift market, and is supported by various tables and figures.
The Artificial lift services are critical for enhanced crude oil production, to increase demand for energy and fossil fuels, and for heavy crude oil extraction at deep and ultra-deep water levels offshore. In addition, the technological advancements have made shale oil production commercially viable, and the redevelopment of maturing fields is another factor to drive the artificial lift services market.
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Russia is among the top energy consumers in the European region. The energy needs are rising owing to the rapid development of infrastructure and industrialization. Russia has heavy oil resources and it is a major exporter of oil to other regions in Europe as well.
This market is segmented and forecasted on the basis of types and geography. Segmentation by types of artificial lift includes Rod lift, ESP, PCP, Gas lift and others. The market is further segmented and forecasted on the basis of major countries such as Russia, U.K., Norway and others.
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This report also includes market share, supply chain, value chain analyses and market metrics such as drivers and restraints. In addition, it presents competitive landscape and company profiles of key players in this market including major companies which provide artificial lifts.
North America Artificial Lift Services Market
The Artificial Lift Services Market was valued at $4.6 billion in 2013 and is projected to reach $6.9 billion at a CAGR of 8.3% by 2018.The Artificial Lift Services Market has been segmented on the basis of type such as Rod Lift, ESP, PCP, Gas Lift and geographies which includes US and Canada.
The Artificial Lift Services Market comprises profiles of some major participants in the market, which combines manufacturers as well as service providers such as Weatherford International Ltd (Switzerland), Baker Hughes (U.S.), Schlumberger (U.S.) and others.
South & Central America Artificial Lift Services Market
South & Central American artificial services market was valued at $118.1m in the year 2013 and is projected to reach $218.4m by the end of the year 2018 at a CAGR of 13.1%.South & Central American artificial services market constitutes 28.9% of Global Artificial Lift Services market and is poised to grow its market share to 28.4% by the end of year 2018.
It is segmented on basis of geographies.The North American Artificial Lift market was valued at $4.6 billion in 2013 and is projected to reach $6.9 billion by 2018 at a CAGR of 8.3% .The North America Artificial lift services market has been segmented on the basis of type such as Rod Lift, ESP, PCP, Gas Lift and geographies which includes US and Canada.
The North America Artificial Lift Services Market comprises profiles of some major participants in the market, which combines manufacturers as well as service providers such as Weatherford International Ltd (Switzerland), Baker Hughes (U.S.), Schlumberger (U.S.) and others.
Asia-Pacific Artificial Lift Services Market
The Asia Pacific market was valued at $1.03 billion in 2013 and is expected to reach $1.7 billion in 2018, in order to reach a CAGR of 10.8%. This market has a share of 11.17% of the global market share.The Asia-Pacific Market is segmented into types which covers Rod Lift, ESP, PCP, Gas Lift and Others.It is split by geography including countries such as China, Malaysia, India, Indonesia and others.
The Asia-Pacific Services Market report comprises profiles of some major participants in the market, which combines manufacturers as well as service providers such as Weatherford International Ltd (Switzerland), Schlumberger (U.S.), Baker Hughes (U.S.) and others.Customization Options:With Market data, you can also customize MMM assessments that meet your Company’s specific needs.
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