Downhole Hydraulic Pump Market by Type (Reciprocating Pumps, Jet Pumps), Application (Onshore, Offshore), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027


The global downhole hydraulic pump market is expected to grow from USD 3.30 billion in 2019 to USD 4.20 billion by 2027, at a CAGR of 3.08% during the forecast period from 2020-2027.

The downhole hydraulic pump is a type of artificial lift pumping system, which helps to lift oil and other fluids to the surface. It works by applying force against the piston that generates pressure on disks to lift the fluid to the surface. These pumps generally contain two pistons connected to the rod, which moves up and down in the pump. It also includes software that monitors and optimizes the performance of the downhole hydraulic pump.

Increasing demand for oil and gas across the globe is one of the key factors contributing to the growth of the downhole hydraulic pump market. In addition to this, rising efficiency and visibility in the oil and gas production by using the downhole hydraulic pump, further driving the growth of the market. Furthermore, low maintenance requirements as compared to other pumps, boosting the demand for a downhole hydraulic pump in the market. However, overtime use of these pumps can result in the highest cumulative cost, which can hamper the growth of the market over the forecast period.

This study delivers a comprehensive analysis of type, application, and region. The type segment includes reciprocating pumps and jet pumps. The reciprocating pumps segment dominated the market and held the major market share of 56.32% in the year 2019. Reciprocating pumps consist of two reciprocating pumps, one is driven by the well fluid, and others are pumping power fluid. Increasing efficiency of lifting oil with the reciprocating pumps, driving the growth of this segment over the forecast period. Application segment classified into onshore and offshore. The offshore sector is estimated to rise at the highest CAGR of 3.80% over the forecast period. The demand is increasing for a downhole hydraulic pump in the offshore application for extracting and lifting crude and natural oil & gas. Expanding offshore drilling activities across the globe is expected to boost the demand for downhole hydraulic pumps in the upcoming years.

The global downhole hydraulic pump market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America region held the dominant market share of 34.48% in the year 2019. Rising usage of artificial lift in the oil lifting process across the region, driving the growth of the market. About 80% of oil wells in the U.S. are stripper wells that require artificial lift, driving the demand for a downhole hydraulic pump market.

Some of the prominent players in the downhole hydraulic pump market are Weatherford International, Schlumberger Limited, GE Energy, Dover Artificial Lift, Tech-Flo Consulting, Hansen Downhole Pump Solutions, JJ Tech, Lufkin Industries Inc., and Baker Hughes Inc. among others. Major players are continuously focused on strategic partnerships, new developments, acquisitions, and venture capital investments to obtain high growth to gain a significant share in the market. In July 2018, Weatherford International plc announced the launch of a new Rotaflex long-stroke hydraulic pumping unit to improve artificial-lift efficiency in applications including high-volume, deep, and high gas and liquid wells.

This study forecasts revenue growth at global, regional, and country levels from 2016 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

  • Global Downhole Hydraulic Pump Market Analysis And Forecast, By Type
    • Reciprocating Pumps
    • Jet Pumps
  • Global Downhole Hydraulic Pump Market Analysis And Forecast, By Application
    • Onshore
    • Offshore
  • Global Downhole Hydraulic Pump Market Analysis And Forecast, By Regional Analysis
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest of MEA

Chapter 1 Introduction 9
    1.1 Objective Of The Study 9
    1.2 Market Definition 10
    1.3 Research Scope 11
    1.4 Currency and Year Consideration 12

Chapter 2 Research Methodology and Assumptions 13
    2.1 Research Methodology 13
    2.2 FMR Desk Research 14
          2.2.1 FMR Data Synthesis 15
          2.2.2 Data Validation And Market Feedback 16
          2.2.3 FMR Data Sources 16

Chapter 3 Executive Summary 18
    3.1 Global Downhole Hydraulic Pump Market Revenue by Type 19
    3.2 Global Downhole Hydraulic Pump Market Revenue by Application 22
    3.3 Global Downhole Hydraulic Pump Market Revenue by Region 25

Chapter 4 Premium Insights 26
    4.1 Porter’s Five Forces Analysis 26
    4.2 Value Chain Analysis 28
    4.3 Top Investment Pockets 29
          4.3.1 Market Attractiveness Analysis By Type 29
          4.3.2 Market Attractiveness Analysis By Application 30
          4.3.3 Market Attractiveness Analysis By Region 31
    4.4 Industry Trends 32

Chapter 5 Market Dynamics 33
    5.1 Market Evaluation 33
    5.2 Drivers 34
          5.2.1 Prominent Usage of Artificial Lifting Systems 34
          5.2.2 Flexibility in Functionality 34
          5.2.3 Growing Demand for Oil and Gas Products 34
    5.3 Restraints 35
          5.3.1 Space Limitations, Especially for Offshore Installations 35
    5.4 Opportunities 35
          5.4.1 Design Advancements in Downhole Hydraulic Pump 35
    5.5 Challenges 35
          5.5.1 High Energy Cost Associated with the Equipment 35

Chapter 6 Global Downhole Hydraulic Pump Market Analysis And Forecast, By Type 36
    6.1 Introduction 36
    6.2 Reciprocating Pumps 39
    6.3 Jet Pumps 39

Chapter 7 Global Downhole Hydraulic Pump Market Analysis And Forecast, By Application 41
    7.1 Introduction 41
    7.2 Onshore 44
    7.3 Offshore 44

Chapter 8 Global Downhole Hydraulic Pump Market Analysis And Forecast, By Regional Analysis 45
    8.1 Introduction 45
    8.2 North America 49
    8.3 Europe 56
    8.4 Asia-Pacific 65
    8.5 South America 72
    8.6 Middle East and Africa 79

Chapter 9 Global Downhole Hydraulic Pump Market Competitive Landscape 86
    9.1 Introduction 86
    9.2 Market Share Of Key Players In The Downhole Hydraulic Pump Market 86
          9.2.1 Global Company Market Share 86

Chapter 10 Company Profile 87
          10.1.1 TECH-FLO CONSULTING Company Snapshot 87
          10.1.2 Business Overview 88
          10.1.3 Representative DOWNHOLE HYDRAULIC PUMP Product of TECH-FLO CONSULTING 89
          10.1.4 SWOT Analysis 90
          10.2.1 HANSEN DOWNHOLE PUMP SOLUTIONS Company Snapshot 91
          10.2.2 Business Overview 92
          10.2.3 Representative Downhole Hydraulic Pump Product of HANSEN DOWNHOLE PUMP SOLUTIONS 93
          10.2.4 Recent Development 94
          10.2.5 SWOT Analysis 95
    10.3 JJ TECH 96
          10.3.1 JJ TECH Company Snapshot 96
          10.3.2 Business Overview 97
          10.3.3 Representative Downhole Hydraulic Pump Product of JJ TECH 98
          10.3.4 Recent Development 100
          10.3.5 SWOT Analysis 101
    10.4 HALLIBURTON 102
          10.4.1 HALLIBURTON Company Snapshot 102
          10.4.2 Business Overview 103
          10.4.3 Company Market Share Analysis 104
          10.4.4 Representative Downhole Hydraulic Pump Product of HALLIBURTON 105
          10.4.5 Recent Development 107
          10.4.6 SWOT Analysis 108
          10.5.1 BORETS INTERNATIONAL LIMITED Company Snapshot 109
          10.5.2 Business Overview 110
          10.5.3 Company Market Share Analysis 111
          10.5.4 Representative Downhole Hydraulic Pump Product of BORETS INTERNATIONAL LIMITED 112
          10.5.5 Recent Development 114
          10.5.6 SWOT Analysis 115
    10.6 Weatherford International, LLC 116
          10.6.1 Company Snapshot 116
          10.6.2 Business Overview 117
          10.6.3 Company Market Share Analysis 118
          10.6.4 Representative Global Downhole Hydraulic Pump Product of Weatherford International LLC 119
          10.6.5 Recent Development 119
          10.6.6 SWOT Analysis 120
    10.7 Schlumberger Limited 121
          10.7.1 Company Snapshot 121
          10.7.2 Business Overview 122
          10.7.1 Company Market Share Analysis 122
          10.7.2 Representative Downhole Hydraulic Pump Product of Schlumberger Limited 124
          10.7.3 Recent Development 125
          10.7.4 SWOT Analysis 125
    10.8 Baker Hughes (a GE Company) 126
          10.8.1 Company Snapshot 126
          10.8.2 Business Overview 127
          10.8.3 Representative Downhole Hydraulic Pump Product of Baker Hughes 128
          10.8.4 Recent Development 129
          10.8.5 SWOT Analysis 129
    10.9 National Oilwell Varco 130
          10.9.1 Company Snapshot 130
          10.9.2 Business Overview 131
          10.9.3 Company Market Share Analysis 132
          10.9.4 Representative Downhole Hydraulic Pump Product of National Oilwell Varco 134
          10.9.5 Recent Development 135
          10.9.6 SWOT Analysis 135

Chapter 11 Conclusion 136


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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