New ARC Advisory Group research on the artificial lift optimization market reveals these solutions are emerging as a vital investment for upstream operating companies; one that can provide a solid return on investment (ROI) and improve competitiveness. In today’s “lower for longer” energy price environment, owner-operators, independent E&P firms, and related stakeholders realize that artificial lift optimization can help them lower costs, enhance production, improve and/or enhance recovery, and increase productivity; making it a vital investment.
“The largest driving factor for increasing demand for artificial lift optimization is the level of anticipated future investment in upstream oil and gas over the next three to five years, which is rebounding and will likely grow at robust levels. In addition to the need to find more hydrocarbons to meet the growing energy demand globally, companies are finding that the era of “easy oil” is over, and - operationally – recovering oil and gas is becoming increasingly more complex and challenging,” according to Jyoti Prakash, Analyst at ARC Advisory Group and key author of ARC’s Artificial Lift Optimization Global Market Research report.
About the Artificial Lift Optimization Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the artificial lift optimization market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, project location, system type, application, revenue category, customer type, and sales channel.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.