Fast Market Research announces the availability of the new TechNavio report, "Global Artificial Lift Pumps Market 2016-2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 07/05/2016 --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.

Technavio's 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.

Get More Details on this Report and a Full Table of Contents at Global Artificial Lift Pumps Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-Europe
-MEA

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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Baker Hughes, Dover, GE-Alstom Grid, Schlumberger, Weatherford, Aker Solutions, Petrofac, Technip, and Transocean

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