| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 5.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Artificial Lift Systems Market Analysis
The North America Artificial Lift Systems Market is expected to register a CAGR of greater than 5.5% during the forecast period.
The offshore applications segment in North America is expected to witness significant demand in the artificial lift systems market during the forecast period.
Growing investments in R&D activities by private players and government entities, along with technological advancements like real-time data analysis and management, are set to create new opportunities and propel the industry to new levels over the coming years.
The United States accounts for more than 60% of crude oil production and more than 90% of the wells required for artificial lift systems from the very beginning. Hence, it is the largest market for artificial lift systems in North America.
North America Artificial Lift Systems Market Trends
Offshore Application Segment to Witness Significant Demand
The offshore oil and gas segment is expected to record the fastest growth rate during the forecast period. Artificial lift methods such as hydraulic pumping, gas lift, electric submersible pumps (ESPs), and progressive cavity pumps (PCPs) are predominantly used in offshore oil wells.
Companies have been exploring offshore locations for oil and gas production owing to the offshore segment having huge untapped reserves. Thus, the offshore segment is a more capital-intensive segment compared to onshore.
According to the International Energy Agency (IEA), between 2019 and 2040, around 2,500-3,000 offshore projects are expected to undergo decommissioning as they have attained their operational lives. The Gulf of Mexico and the North Sea have the highest number of maturing shallow fields in the region.
Thus, offshore oil fields have created demand opportunities for artificial lift methods in the Gulf of Mexico and the North Sea regions of North America.
Understand The Key Trends Shaping This Market
Download PDF
United States to Dominate the Market
As of 2020, the United States accounted for more than 40% of artificial lift systems deployed across the world.
New projects and expansions in the Gulf of Mexico basin have contributed to the growth of oil production. Texas (TX), Gulf of Mexico (GOM), New Mexico (NM), and North Dakota (ND) produced 4897, 1656,1036,1178 thousand barrels per day of crude oil, respectively, in 2020, which is anticipated to boost the growth of the market in the United States.
This can be attributed to the growth in demand for artificial lift operations in mature and aging oil wells. Furthermore, the leading shift from conventional sources to unconventional and redevelopment of shale gas reserves in the country is attributed to the artificial lift system market's growth.
Therefore, maturing oil fields and redevelopment of shale gas reserves are making the United States the biggest market for artificial lift systems in North America.
Get Analysis on Important Geographic Markets
Download PDF
North America Artificial Lift Systems Industry Overview
The North American artificial lift systems market is moderately fragmented. Some of the major players in the market include Halliburton Company, Schlumberger Limited, Baker Hughes Company, JJ Tech, and DistributionNow.
North America Artificial Lift Systems Market Leaders
-
JJ tech
-
Halliburton Company
-
Baker Hughes Company
-
Schlumberger Limited
-
DistributionNow
- *Disclaimer: Major Players sorted in no particular order
.webp "North America Artificial Lift Systems Market Concentration")
Need More Details on Market Players and Competiters?
Download PDF
North America Artificial Lift Systems Market News
- In September 2021, natural gas producer Vine Energy signed a contract with Baker Hughes to deploy its artificial lift solution, ProductionLink Edge, across 100 natural gas wells in Louisiana's Haynesville Shale. The automation solution uses advanced analytics and 'smart' edge technology to boost production and reduce associated methane emissions from oil and gas wells.
North America Artificial Lift Systems Industry Segmentation
The North American artificial lift systems market report includes:
| Type | Progressive Cavity Pumps (PCP) |
| Electric Submersible Pumps (ESP) | |
| Gas Lift Systems | |
| Other Types | |
| Area of Deployment | Onshore |
| Offshore | |
| Geography | United States |
| Canada | |
| Rest of North America |
Need A Different Region or Segment?
Customize Now
North America Artificial Lift Systems Market Research FAQs
What is the current North America Artificial Lift Systems Market size?
The North America Artificial Lift Systems Market is projected to register a CAGR of greater than 5.5% during the forecast period (2025-2030)
Who are the key players in North America Artificial Lift Systems Market?
JJ tech, Halliburton Company, Baker Hughes Company, Schlumberger Limited and DistributionNow are the major companies operating in the North America Artificial Lift Systems Market.
What years does this North America Artificial Lift Systems Market cover?
The report covers the North America Artificial Lift Systems Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Artificial Lift Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
North America Artificial Lift Systems Industry Report
Statistics for the 2025 North America Artificial Lift Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Artificial Lift Systems analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
