Digitalization Brings Growth to the Artificial Lift Optimization Systems Market According to New ARC Research
Industry: Information Technology
New ARC Advisory Group research reveals that the need to contain costs has been driving the artificial lift optimization (ALO) systems and services market over the last couple of years. Digitalization will play a primary role in containing costs while improving safety.
Dedham, MA (PRUnderground) August 7th, 2020
New ARC Advisory Group research on the Artificial Lift Optimization (ALO) market reveals that the need to contain costs has been driving the market for both artificial lift optimization (ALO) systems and services 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 market 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,” according to Tim Shea, Senior Analyst at ARC Advisory Group and key author of ARC’s Artificial Lift Optimization Global Market Research report.
About the Artificial Lift Optimization 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 four 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, go to www.arcweb.com/market-studies.
About ARC Advisory Group
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities. ARC stands apart due to our in-depth coverage of both operational technologies (OT) and engineering technologies (ET) and associated business trends. Our analysts and consultants have the industry knowledge and the first-hand experience to help our clients find the best answers to the complex business issues facing organizations today. We provide our technology supplier clients with strategic market research, and help our end user clients develop appropriate adoption strategies and select the best technology solutions for their needs.