India Artificial Lift Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers India Artificial Lift Systems Companies and the market is segmented by type (gas-lift systems, sucker rod pumps, electric submersible pumps, progressive cavity pump lifting systems, and jet pumps). The market size and forecasts are provided in terms of revenue (USD million) for all the above segments.

India Artificial Lift Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Artificial Lift Systems Market Size

View Global Report
India Artificial Lift Systems Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 2.00 %
Market Concentration Low

Major Players

India Artificial Lift Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Artificial Lift Systems Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

India Artificial Lift Systems Market Analysis

The India Artificial Lift Systems Market is expected to register a CAGR of greater than 2% during the forecast period.

The market was negatively impacted by the outbreak of COVID-19, mainly due to delays and cancellations of projects and the crude oil price crash. However, the market rebounded in 2022.

  • Over the long term, the need for enhanced recovery rates, a growing number of wells that require pressure support for extraction, increasing demand for energy, petrochemicals, and technological advancements that are enabling companies to extract oil from challenging areas economically are some of the factors driving the growth of artificial lifts system market.
  • On the other hand, factors such as advancements in smart water flooding and various IOR technology are restraining the market growth during the forecast period.
  • However, most of the new fields, as well as the older fields, require an artificial lift of some form for production. Hence, all the major companies are regularly adopting artificial lifts in almost all wells. As the number of new exploration fields is increasing, these fields are expected to provide major opportunities for the artificial lift system market.

India Artificial Lift Systems Industry Overview

The Indian artificial lift systems market is moderately fragmented. Some of the major players include (in no particular order) Schlumberger NV, Halliburton Company, Weatherford International PLC, Baker Hughes Company, and Penguin Petroleum Services (P) Limited.

India Artificial Lift Systems Market Leaders

  1. Halliburton Company

  2. Weatherford International plc

  3. Baker Hughes Company

  4. Penguin Petroleum Services (P) Limited

  5. Schlumberger NV

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration- India Artificial Lift Systems Market.png
Need More Details on Market Players and Competiters?
Download PDF

India Artificial Lift Systems Market News

  • In May 2022, Oil and Natural Gas Corporation (ONGC) recently awarded two enhanced oil recovery (EOR) projects on separate assets in India that will feature polymer flooding to SNF Flopam.
  • In November 2022, the Indian government signed contracts for 31 discovered small fields under the third round of bidding. The government launched the third round for discovered small fields in June 2021, where 75 fields were offered under 31 contract areas.

India Artificial Lift Systems Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION BY TYPE

  • 5.1 Gas-Lift Systems
  • 5.2 Sucker Rod Pumps
  • 5.3 Electric Submersible Pumps
  • 5.4 Progressive Cavity Pump Lifting Systems
  • 5.5 Jet Pumps

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Baker Hughes Company
    • 6.3.2 Weatherford International PLC
    • 6.3.3 Schlumberger NV
    • 6.3.4 Penguin Petroleum Services (P) Limited
    • 6.3.5 Novomet Oilfield Services Company
    • 6.3.6 Halliburton Company
    • 6.3.7 United Drilling Tool Limited
    • 6.3.8 Apergy Corp.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

India Artificial Lift Systems Industry Segmentation

Artificial lift is a method used to lower the producing bottom hole pressure (BHP) on the formation to obtain a higher production rate from the well. It supports oil and gas to move upward when the natural drive (primary recovery) is not enough to push the oil to the surface. The Indian artificial lift market is segmented by type into gas-lift systems, sucker rod pumps, electric submersible pumps, progressive cavity pump lifting systems, and jet pumps. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Need A Different Region or Segment?
Customize Now

India Artificial Lift Systems Market Research FAQs

What is the current India Artificial Lift Systems Market size?

The India Artificial Lift Systems Market is projected to register a CAGR of greater than 2% during the forecast period (2025-2030)

Who are the key players in India Artificial Lift Systems Market?

Halliburton Company, Weatherford International plc, Baker Hughes Company, Penguin Petroleum Services (P) Limited and Schlumberger NV are the major companies operating in the India Artificial Lift Systems Market.

What years does this India Artificial Lift Systems Market cover?

The report covers the India Artificial Lift Systems Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the India Artificial Lift Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Gas Lift System Industry Report

Statistics for the 2025 India Artificial Lift Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Artificial Lift Systems analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.