Albany, NY -- (SBWIRE) -- 07/05/2016 -- About the Artificial Lift Pumps Market

As a direct impact of the ambiguity in the oil market, the global artificial lift pumps market has been experiencing sluggishness in the recent past as it has become enmeshed with the turmoil in the global oil industry. Declining prices, deferred investments, investor skepticism, and an unpredictable future in the commodity's outlook are inhibiting the growth of the market.

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Technavios analysts forecast the global artificial lift pumps market to grow at a CAGR of 1.56% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global artificial lift pumps market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of artificial lift pumps globally. The report does not include revenue generated from the aftermarket service of the product.

The market is divided into the following segments based on geography:
Americas
APAC
Europe
MEA

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Technavio's report, Global Artificial Lift Pumps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Baker Hughes
Dover
GE-Alstom Grid
Schlumberger
Weatherford

Other prominent vendors
Aker Solutions
Petrofac
Technip
Transocean

Market driver
Introduction of wireline retrievable ESP to reduce OPEX
For a full, detailed list, view our report

Market challenge
Deferred investments and projects
For a full, detailed list, view our report

Market trend
Emergence of microgrid technology
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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