According to a new report, Europe Artificial Lift Market, published by KBV Research, the Europe artificial lift system market is expected to grow at a CAGR of 9.4% during 2016 - 2022. The Russia market dominated the Europe Artificial Lift Market in 2015, and would continue to be a dominant market till 2022; thereby, growing at a CAGR of 8.5% during the forecast period. The UK market is expected to reach a market size of $695.2 million by 2022. However, Germany market is expected to grow at CAGR of 10.8% during 2016-2022.
The Rod lift segment contributed the larger share to the Europe Artificial Lift Market in 2015, and would continue to be a dominant market till 2022 and is expected to grow at a CAGR of 11.4% during the forecast period. The ESP segment is expected to reach a market size of $1639.5 million by 2022.
The Motor segment is expected to reach a market size of $738.1 million by 2022. However, Cable system segment is expected to grow at CAGR of 7.1% during 2016-2022.
The report highlights the adoption of Artificial Lift market in Europe. 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 Russia, Norway, UK, Italy, Germany, Spain and Rest of Europe 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/europe-artificial-lift-market
Research Scope
The market is segmented based on Type, Component and Country.
Europe Artificial Lift Market, by Type
Europe Artificial Lift Market, by Component
Europe Artificial Lift Market, by Country
Unique Offerings 
