Friday 20 March 2015

Electrical submersible pump to witness significant growth in the Global Artificial Lift System Market


Allied Market Research published a report titled “Global Artificial Lift System Market (Types, Components and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Segmentation and Forecast, 2013 – 2020.” The report would help the market entities in understanding the dynamic nature of the global artificial lift market.

The different sorts of artificial lifts accessible in the business. The determination of artificial lifts relies on a few components including fluid generation rate (LPR), water cut, thickness, well profundity, packaging and tubing sizes, gas-fluid degree and wellbore deviation. There are six sorts of artificial lifts gave by driving industry players, which incorporate electrical submersible pump, progressive cavity pumps, rod lift, gas lift, plunger lift, hydraulic pump.


Electrical submersible pump (ESP) is a solid and proficient artificial lift technique that is generally utilized for lifting moderate to high volumes of liquids from wellbores. The ESP lift is helpful for lifting liquids, in a scope of 150 barrels to about 150,000 barrels every day.

“In the oil and gas industry, ESP’s are probably the highest used systems among for artificial lifts. About 15 to 20% of almost one million wells across the world are pumped with artificial lifts that employ ESP. Also, ESP is the fastest growing segment of artificial lift pumping technology,” states AMR analyst

Analyst further said “These are largely used for extractions in high volume and depth oil fields. These systems are also renowned for cost-effectiveness, low maintenance alternative to positive displacement and the dexterity of their vertical turbines in pumping the fluid to the surface.”

Steady growth of Terrestrial LIDAR system to boost the revenue for Global LIDAR Market


Allied Market Research published a report titled “Global LIDAR Market (Product type, Applications, Component, End-User and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Segmentation and Forecast, 2013 – 2020.” The report is a useful tool to for investors and companies to analyze the market trends and implement the strategies accordingly.

As per the report, the global LIDAR market would attain a market size of 624.9 million with a CAGR of 16.3 % during the period 2014 – 2020.

Presentation of Light Detection and Ranging (LIDAR) frameworks have made the examination, mapping, and discovery of objects efficient than ordinary equipment. Utilization of laser light gives precise and exact information in brief time. LIDAR frameworks are utilized over customary studying techniques because of their capacity to give profoundly exact information and 3D pictures in a shorter time.


Terrestrial LIDAR is expected to grow steadily during the estimated period due to its efficiency and accuracy. “Terrestrial LIDAR is alternatively known as ground-based LIDAR system. Terrestrial Light Detection and Ranging (LIDAR) is a land based laser scanner integrated with a highly accurate GPS system. This LIDAR possesses a unique ability to produce 3D images of the land at coastal areas and other places,” states AMR analyst.

As per the report, static LIDAR system is the only revenue generating segment for Terrestrial LIDAR.

“North American region is the largest revenue-generating region amongst others and would remain the largest revenue-generating region over the forecasted period. The growth of Asia-pacific region is observed due to increasing awareness about the LIDAR systems in construction areas where terrestrial LiDAR s are required,” AMR analyst stated.