Mordor Intelligence has published a new report on the "Artificial Lift Systems Market" offering a comprehensive analysis of size, share, trends, growth drivers, and future projections.
Artificial Lift Systems Market Introduction:
The Artificial Lift Systems market is estimated to be worth USD 14.04 billion in 2025, and is on track to grow to USD 18.97 billion by 2030, representing a compound annual growth rate of 6.2% during that period. This report outlines the main trends, segment breakdowns, and key players shaping the development of artificial lift technologies, which are relied upon to boost oil and gas production from wells whose natural reservoir pressures have declined.
Operators across the globe are increasingly deploying artificial lift systems to sustain output from both conventional and unconventional reservoirs. Technologies such as electric submersible pumps, gas lift systems, and progressive cavity pumps tailor solutions to different well configurations. This press release summarizes market drivers, segmentation details, and leading companies shaping the industry's near‐term future.
Report Overview: https://www.mordorintelligence.com/industry-reports/global-artificial-lift-systems-market-industry?utm_source=flexsocialbox
Top Key Trends:
Electric Submersible Pumps (ESPs) Lead, Progressive Cavity Pumps (PCPs) Show Strong Momentum
In 2024, electric submersible pumps (ESPs) held approximately 39% of market revenue, making them the most widely used artificial lift technology. These systems are favoured due to their ability to handle high-volume, continuous production in vertical and deviated wells.
At the same time, progressive cavity pumps (PCPs) are growing at a robust estimated CAGR of 8% through 2030, particularly useful in wells producing heavy oil or with abrasive materials requiring resistant handling.
Widespread Use in Horizontal Wells and Unconventional Reservoirs
In 2024, horizontal wells constituted about 50% of the artificial lift systems market, and are expected to expand at a 6.5% CAGR to 2030. Their prevalence reflects the ongoing focus on shale and tight‐formation drilling.
Meanwhile, unconventional reservoirs, including shale and tight oil/gas formations, are the fastest-growing category, with a projected 9% CAGR-faster than conventional reservoirs, which still constitute 60% of market revenue in 2024
Onshore Dominates, Offshore Grows Fast
The majority of artificial lift systems were deployed onshore, accounting for 66% of market size in 2024 These operations span both mature conventional fields and fast-growing unconventional plays.
By contrast, offshore installations are expected to advance more rapidly-projected at a 9.5% CAGR through 2030 . Offshore wells often require more specialized lift methods under challenging environments, driving demand for advanced lift solutions.
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Market Segmentation
The Artificial Lift Systems market can be broken down across several categories:
By Lift Type:
Electric Submersible Pumps (ESPs) - held ~39% of revenue in 2024; the leading segment
Progressive Cavity Pumps (PCPs) - growing at ~8% CAGR through 2030
Gas Lift Systems - widely applied where other methods are less feasible
Other Types - including hydraulic pumps, rod lifts, jet pumps
By Well Orientation
Horizontal Wells - 50% share in 2024; ~6.5% CAGR to 2030
Vertical Wells - remaining share, typically in conventional field setups
By Reservoir Type
Unconventional Reservoirs - fastest growth at ~9% CAGR
Conventional Reservoirs - around 60% of revenue in 2024
By Area of Deployment
Onshore - accounted for ~66% of 2024 market; continues to be largest segment
Offshore - fastest growth at ~9.5% CAGR through 2030
By Component
Pump Assemblies - made up 42% of revenue in 2024, with an expected 7% CAGR heading into 2030
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Key Players:
Mordor Intelligence highlights a number of major companies involved in the global artificial lift systems market, as identified in its report. Among the industry leaders are:
Halliburton Company
Schlumberger Limited (SLB)
Baker Hughes Company
NOV Inc.
Weatherford International PLC
ChampionX (formed through the SLB-ChampionX merger)
These firms are actively involved in developing, integrating, and deploying artificial lift solutions across global operations. Their work ranges from providing hardware (e.g., pumps, drives) to integrated services (e.g., remote monitoring, digital optimization), meeting the growing needs of mature and unconventional well operations.
Explore more about the Silver Market Competitive Landscape: https://www.mordorintelligence.com/industry-reports/oilfield-power-generation-market/companies?utm_source=flexsocialbox
Conclusion
ESPs remain the dominant lift technology, but PCPs are gaining traction-especially in heavy oil and abrasive conditions. Horizontal wells and unconventional reservoirs are key engines of growth. While onshore deployments continue to lead in terms of share, offshore applications are catching up faster.
