According to a new report, North America Artificial Lift Market, published by KBV Research, the North America artificial lift system market is expected to grow at a CAGR of 9.8% during 2016-2022. The U.S market dominated the North America Artificial Lift Market in 2015, and would continue to be a dominant market till 2022; thereby growing at a CAGR of 8.8% during the forecast period. The Mexico market is expected to reach a market size of $2136.1 million by 2022. However, Canada market is expected to grow at CAGR of 11.1% during 2016-2022.
The Rod lift segment contributed the larger revenue share to the North America Artificial Lift Market in 2015, and would continue to be a dominant market till 2022 and is expected to grow at a CAGR of 11.7% during the forecast period. The ESP segment is expected to reach a market size of $3181.6 million by 2022.
The report highlights the adoption of Artificial Lift market in North America. 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 U.S, Mexico, Canada and Rest of North America market.
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/north-america-artificial-lift-market
Research Scope
The market is segmented based on Type, Component and Country.
North America Artificial Lift Market, by Type
North America Artificial Lift Market, by Component
North America Artificial Lift Market, by Country
Unique Offerings 
