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According a new report, Asia Pacific Artificial Lift Market, published by KBV Research, the Asia Pacific artificial lift system market is expected to grow at a CAGR of 14.5% during 2016 - 2022. The China market dominated the Asia Pacific Artificial Lift Market in 2015, and would continue to be a dominant market till 2022; thereby growing at a CAGR of 10.7% during the forecast period. The Indonesia market is expected to reach a market size of $1107.1 million by 2022. However, India market is expected to grow at CAGR of 16.4% during 2016-2022.
The Rod lift segment contributed the larger revenue share to the Asia Pacific Artificial Lift Market in 2015, and would grow at a CAGR of 16.5% during the forecast period. The ESP segment is expected to reach a market size of $1457.2 million by 2022. However, Plunger segment is expected to grow at CAGR of 22.4% during 2016-2022.
The report highlights the adoption of Artificial Lift market, in Asia Pacific region. Based on the Types, the Artificial Lift Market is segmented into Rod lift, Electrical Submersible Pump (ESP), Progressive Cavity Pumps (PCP), Plunger Lift, Gas Lift and Other Artificial Lifts market. On the basis of Components, the market is bifurcated into Pump, Motor, Cable system, Drive head, Separator, Pump Jack, Sucker rod, Gas-lift valves, Gas-lift mandrels, Controller, and other segments. The market is further geographically segmented into China, Indonesia, India, Vietnam, Australia, Malaysia and Rest of Asia Pacific.
Key Players profiled in the report includes Baker Hughes, GE Oil & Gas, National Oilwell Varco, Halliburton, Dover Corporation, Schlumberger NV, Superior Energy Services and Novomet.
Full report: https://www.kbvresearch.com/asia-pacific-artificial-lift-market
Research Scope
The market is segmented based on Type, Component and Country.
Asia Pacific Artificial Lift Market, by Type
Asia Pacific Artificial Lift Market, by Component
Asia Pacific Artificial Lift Market, by Country