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.”
