Artificial Lift Optimization Systems

The Artificial Lift Optimization market research report delivers current market analysis plus a five-year market and technology forecast.  This report provides a concise analysis of the artificial lift optimization market.  The scope of the research is primarily on the upstream oil & gas production optimization opportunity.  The study is available in multiple editions including worldwide, all regions, and most major countries. 

​Artificial Lift Optimization Systems Enable Production Optimization

Companies face continued challenges to raise productivity, lower production costs, lower oil extraction and refinement costs, reduce manufacturing operating expenses, and increase return on investment in order to compete in the global market.  Optimizing artificial lift system performance and up-time can play a critical role in helping companies realize operational excellence.

The artificial lift optimization market, including hardware, software, and services, is somewhat dynamic with major segments experiencing strong product innovation.  This market has tremendous opportunities with steady growth driven by a growing number of unconventional wells which are exhibiting greater decline rates, and wells which require artificial lifts to be deployed earlier in the life of the well.  These artificial lift optimization solutions provide new features and functionality necessary to increase production and pump availability by leveraging smart sensors and machine learning based on industrial IoT.

The drive for well production growth, for which artificial lift optimization is critical, is pushing companies to invest in new optimization solutions and services including digitalization, industrial IoT, and Industry 4.0., for deployment at various project locations and formations. Furthermore, the advances in data quality, software processing, and ease of use, continue to increase the value proposition for end users.  

Actionable Information on Artificial Lift Optimization Market 

Artificial Lift Market TrendsIn addition to providing a five-year market forecast, the Artificial Lift Optimization market research report provides detailed quantitative current market data and addresses key strategic issues for both suppliers and potential buyers of these systems.

Price Volatility and Production Requirements Mandate Artificial Lift Optimization

Companies operating artificial lift systems in oilfields continue to face the challenges of increasing production, reducing energy consumption, lowering costs per barrel, and maintaining pump operational uptime (i.e., minimizing downtime).  Investing in artificial lift optimization across all seven artificial lift system types covered has benefited most users.  The artificial lift optimization market has requirements, standards, and capabilities that vary by region, project location, and application.  The study addresses the unique requirements and standards for artificial lift systems used by owner-operators, independent E&P firms, and other stakeholders.  

Impact of COVID-19 Pandemic felt in 2020, Recovery in 2021

While the COVID-19 pandemic did not impact the 2019 demand for artificial lift optimization, the market projections do take into account industry trends with our best estimates for how the COVID-19 pandemic will impact the artificial lift optimization market in different project locations and regions.  

Artificial Lift Optimization Study Formats and Editions Available

This market study may be purchased as an Excel Workbook and/or as a a concise, executive-level Market Analysis Report PDF File.  The Workbook has some unique features such as the ability to view data in local currency.  Regional studies include country and industry market data.  Country studies include market trends and industry data.  Studies and formats available are listed below:  

MIRA Workbook Market Analysis PDF
Worldwide (includes regional data) Yes Yes
North America (includes country data) Yes No
Latin America (includes country data) Yes No
Europe, Middle East, Africa (includes country data) Yes No
Asia (includes country data) Yes No
Country Profiles (includes country data) No Yes

Countries included in each region.

Table of contents for these studies is shown in the following paragraphs.

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Regional Trends
  • Application Trends
  • Strategies for Success:  Suppliers & Users

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Revenue Category
    • Software
    • Hardware
    • Services
  • Market Shares by Project Location
    • Onshore
    • Offshore
    • Subsea
  • Market Shares by System Type
    • Electric Submersible Pump
    • Gas Lift
    • Hydraulic Submersible Pump
    • Jet Pump
    • Plunger Lift
    • Progressing Cavity Pump
    • Rod Pump
  • Market Shares by Application
    • Artificial Lift
    • Flow Assurance
    • Multiphase Pumping
    • Predictive Maintenance
    • Production Optimization
    • Reservoir Management
    • Well Monitoring/Control
  • Market Shares by Deployment Model
    • Cloud
    • Hosted
    • On Premise
  • Market Shares by Sales Channel
  • Market Shares by Customer Type

Market Forecasts & Histories

  • Total Artificial Lift Optimization Solutions Business
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Revenue Category
    • Hardware
    • Software
    • Services
  • Shipments by Project Location
    • Onshore
    • Offshore
    • Subsea
  • Shipments by System Type
    • Electric Submersible Pump
    • Gas Lift
    • Hydraulic Submersible Pump
    • Jet Pump
    • Plunger Lift
    • Progressing Cavity Pump
    • Rod Pump
  • Shipments by Application
    • Artificial Lift
    • Flow Assurance
    • Multiphase Pumping
    • Predictive Maintenance
    • Production Optimization
    • Reservoir Management
    • Well Monitoring/Control
  • Shipments by Deployment Model
    • Cloud
    • Hosted
    • On Premise
  • Shipments by Sales Channel
  • Shipments by Customer Type

Industry Participants

The research identifies all relevant suppliers serving this market.

Regional Research Focus Areas

Strategic Analysis

Competitive Analysis

  • Leading Suppliers in Region
  • Industry Shares in Region
  • Country Shares in Region
  • Leading Suppliers by Industry

Market Forecasts & Histories 

  • Market Forecast & Histories by Country
  • Market Forecast & Histories by Industry

Industry Participants

List of countries included in each region: MIRA-Country

Country Research Focus Areas

Contact us for the countries available for this study.