New ARC Advisory Group research on the artificial lift optimization systems market reveals that the importance of developing low-cost equipment and service offerings and sustaining the stable pricing have been driving the artificial lift optimization (ALO) systems market over the last couple of years. Digitalization will play a primary role in containing costs while improving safety by enabling reduced downtime, predictive maintenance, performance forecasting, real-time risk management, and energy efficiency.
“Artificial lift optimization solutions are always being updated with new features to fulfill many markets’ demands and increase their value proposition. ARC is seeing growing demand for digital oilfields, often based at least partially on Industrial IoT-based solutions. Digital oilfields provide opportunities to increase operational efficiency from the wellhead through the entire supply chain by optimizing data, information, and analytics ranging,” according to Jyoti Prakash, Analyst at ARC Advisory Group and key author of ARC’s Artificial Lift Optimization Global Market Research report.
About the Artificial Lift Optimization Systems Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the artificial lift optimization market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, project location, system type, application, deployment method, customer type, sales channel, and revenue category.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.