Research and Markets has announced the addition of the "LAMEA Artificial Lift Market (2016 - 2022)" report to their offering.

The LAMEA artificial lift system market is expected to grow at a CAGR of 14% during 2016 - 2022. Falling oil prices have affected the profitability of the company. To ensure financial stability, the companies are working towards slashing their operation costs, of which drilling is an integral part. Artificial lifts is a cost efficient alternative for oil companies to remain profitable and the technology would be adopted by companies to improve efficiency. Gas lift would be rapidly adopted among other types, as it's the gas life is cost effective and not highly complicated.

Artificial lifts are a vital component in extracting oil from underground or subsea reservoirs, especially from maturing oil fields. The output levels from the oil fields can be substantially increased with the use of artificial lifts. The utility value of identified oil fields can be maximized with the help of artificial lifts.

Companies Mentioned

  • Baker Hughes Incorporated
  • GE Oil & Gas
  • National Oilwell Varco, Inc.
  • Halliburton
  • Dover Corporation
  • Schlumberger NV
  • Superior Energy Services, Inc.
  • Novomet
  • Neurosky, Inc.
  • Emotiv, Inc.
  • Guger Technologies OEG

Key Topics Covered:

1. Market Scope & Methodology

2. Market Overview

3. LAMEA Artificial Lift Market - By Type

4. LAMEA Artificial Lift Market - By Components

5. LAMEA Artificial Lift Market - By Country

6. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/j29bgm/lamea_artificial