Top 6 Vendors in the Global Subsea Artificial Lift Systems Market from 2017-2021: Technavio
Technavio
has announced the top six leading vendors in their recent global
subsea artificial lift systems market report until 2021.
This research report also lists 11 other prominent vendors that are
expected to impact the market during the forecast period.
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Technavio has published a new report on the global subsea artificial lift systems market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global
subsea artificial lift systems market for 2017-2021 provides a
detailed industry analysis based on the product type (pump assisted and
gas assisted artificial lift systems) and geography (the Americas, EMEA,
and APAC).
“The global subsea artificial lift systems market is projected to
grow to USD 3.65 billion by 2021, at a CAGR of more than 2% over the
forecast period. The technological innovations in artificial lift
technology is currently driving the market growth,” says
Thanikachalam Chandrasekaran, a lead analyst at Technavio for oil
and gas research.
Competitive vendor landscape
The global subsea artificial lift systems market is characterized by the
presence of well diversified international and regional vendors. The
market is highly competitive with major vendors competing on the basis
of price, quality, and market presence. The recent fall in the global
crude oil prices impacted the upstream oil and gas industry, which
resulted in the decline in investments in drilling operations.
Global oil prices are in the process of recovery, which is driving the
subsea artificial lift systems market. Supported by the increased focus
on deepwater exploration and the rising demand for oil and gas, vendors
with an international presence see a pool of opportunities in the future.
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only: View
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Top six vendors in the global subsea artificial lift systems market
Baker Hughes
Baker Hughes is a US-based industrial service provider in the supply of
oilfield services, products, technology, and systems used in the oil and
gas industry. The company is also involved in services and products in
downstream chemicals, process, and pipeline services.
General Electric
General Electric is an international conglomerate providing industrial
services and financial services. It manufactures equipment for the oil
and gas industry, which are used across all segments of the oil and gas
value chain. The company offers subsea artificial lift systems through
its Oil and Gas segment.
Halliburton
Halliburton is one of the world's leading service provider companies
engaged in the exploration, development, and production of oil and
natural gas. The company serves the major oil and natural gas companies
worldwide in the upstream sector.
National Oilwell Varco
National Oilwell Varco provides components and equipment used in the oil
and gas drilling industry. The company operates its business through
three reportable segments, namely rig technology, petroleum services and
supplies, and distribution and transmission.
Schlumberger
Schlumberger is one of the world’s largest oilfield service companies
with a variety of business units. The company provides a varied range of
services, including seismic surveys, formation evaluation, drilling
technologies and equipment, cementing, well construction and completion,
and project management.
Weatherford
Weatherford provides equipment and services used in the drilling,
evaluation, completion, production, and intervention of oil and natural
gas wells worldwide. It is one of the largest international oil and
natural gas service companies.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.
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