It is estimated that a significant percentage of oil in a given reservoir is left out because of the expensive and difficult recovery process. Artificial lift companies address this issue by helping O&G operators around the world maintain and maximize production in oil and gas wells.  

Artificial lift refers to the use of artificial methods (such as a pump-assisted ESP or gas-assisted plunger lift) to enable the lifting of heavier reservoir liquids and increase fluid flow in producing oil and gas wells. Gas lift, hydraulic lift, electric submersible pump (ESP), plunger lift, progressing/progressive cavity pump, and rod lift are the most widely used artificial lift methods.

Artificial lift solutions increase flow rates and boost oil production, while enhancing life-of-well productivity and reducing risk and maintenance needs. The top-ranked artificial lift companies based on revenue include Schlumberger Ltd., Baker Hughes Company, ChampionX Corporation, Halliburton Company, and Lufkin Industries, Inc.

Read on to learn more about the major players in the global artificial lift systems market.

Global Top 10 Artificial Lift Companies [2025]

**Disclaimer: The revenue figures for 2025 are estimated values and may not reflect final reported results.

Schlumberger Ltd. (Schlumberger N.V.)

Schlumberger Ltd. (also known as “SLB”) is a globally renowned oilfield services company that is reported to be the “world’s largest offshore drilling company and offshore drilling contractor by revenue.”

Founded by Schlumberger brothers (Conrad Schlumberger and Marcel Schlumberger) as the Electric Prospecting Company, SLB has established itself as a company with a legacy worth celebrating and as a pioneer unlocking new possibilities in energy access.

SLB’s integrated lifting solutions encompass specialized expertise and complete equipment packages for every flow rate.

SLB’s artificial lift solutions include:

• DELFI Production Chemicals for ESP Pump Run-life Optimization (real-time monitoring, analysis, and autonomous chemical injection to extend ESP run life)

• ChemWatcher Integrated Chemical Management System (chemical data management software to optimize performance)

• Downhole Sand Control Screens for Artificial Lift (field-proven screen for ESP pump applications)

• Optimizing Artificial Lift (autonomous services, production chemicals, and software for optimal artificial lift operations)

• Electric Submersible Pumps (ESPs) (diverse ESP solutions to maximize production in any well or environment)

• Progressing Cavity Pumps (PCPs) (positive displacement pumps with lower operating and capital costs)

• HPS Pumps (cost-effective, field-proven, and reliable centrifugal pumps)

• Rod Lift (dependable rod lift equipment to maximize uptime)

• Gas Lift (gas lift products for continuous- or intermittent-flow production)

• Power Systems and Cables (a complete product line of power systems, cables, and motor lead extensions for reliable pumping power and protection)

• Sensia Lift Control Systems (a joint venture created to solve specific O&G industry challenges)

As an O&G innovator, SLB’s know-how and technology are helping solve the O&G industry’s most pressing challenges, while ensuring equitable, secure, and sustainable energy access for the benefit of all.

In July 2025, SLB completed the all-stock acquisition of ChampionX, which was announced in 2024.

Baker Hughes Company

Baker Hughes Company (Baker Hughes) is among the world’s largest oilfield service businesses, with operations spanning Africa, the Americas (including North America and South America), Asia-Pacific, Europe, and the Middle East.

Baker Hughes was established as a merger between Baker International (founded by Reuben C. Baker) and Hughes Tool Company (founded by Howard Hughes).

Before the merger, both companies were known as industry leaders, developing innovative products like the casing shoe that modernized cable tool drilling and the first roller cutter bit that led to a more efficient rotary drilling process.

Baker Hughes is a trusted leader in solving production challenges in every environment, from deepwater subsea fields to mature conventional fields.

Baker Hughes provides superior artificial lift solutions not only to the O&G industry but also to other industries, including geothermal energy, mine dewatering, and municipal water.

According to Baker Hughes, the company “designs and manufactures each major component, so every part works together seamlessly and efficiently.”  

Baker Hughes’ comprehensive line of artificial lift products and services includes:

• Artificial lift digital solutions

• Control and power supply systems

• Electrical submersible pump systems

• Gas lift systems

• Sensors and upper completions

• Software and analytics

• Surface pumping systems

Additionally, Baker Hughes’ experienced engineering teams provide advice on how to use the best artificial lift solutions throughout a well’s lifecycle to realize excellent production rates at the lowest possible lifting costs.

In July 2025, Baker Hughes announced its plan to acquire Chart Industries. Both companies entered a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for USD 210 per share in cash, equivalent to a total enterprise value of USD 13.6 billion.

Weatherford International Plc

Weatherford International Plc (Weatherford) is one of the world’s largest multinational oilfield service companies engaged in well drilling, evaluation, production, and intervention of oil and natural gas.

Weatherford provides environmentally sound and sustainably economic lift solutions to enhance safety and streamline operations. 

Weatherford’s leading lift and optimization solutions help O&G operators worldwide achieve full production potential and improve bottom-line productivity.

Weatherford’s artificial lift portfolio includes:

• Gas-Lift Systems (turnkey gas-lift solutions to optimize performance and safety)

• Progressing Cavity-Pump Systems (purpose-built PCP solutions for specific well applications)

• Reciprocating Rod-Lift Systems (fully integrated rod-lift solutions to maximize efficiency)

• Plunger-Lift Systems (Cost-effective rigless solutions that enhance overall production)

• Smart Jet-Lift Systems (physics-based modelling and control for best-in-class production intelligence)

• Automation and Control (proactive management and reduced NPT (non-productive time) with real-time monitoring and alerts)

Weatherford’s custom lift strategies, field-proven technology, and fully integrated lift ecosystems (including downhole pumps and surface pumping units) can adapt to any production environment and eliminate production uncertainty, while minimizing emissions.

Here are some other companies offering innovative products and services for artificial lift applications:

SPOC Automation provides automation solutions (such as variable frequency drives for rod pumps) for the O&G industry’s upstream and midstream segments.

Upwing Energy is an artificial lift technology company that provides a comprehensive “End2End” natural gas service enabled by subsurface compressor systems.

Valiant Artificial Lift Solutions is an independent oilfield service company providing efficient and reliable ESP systems, ESP cables, horizontal pumping systems, as well as variable speed drive controls and monitoring services.

Halliburton Company

Halliburton Company (Halliburton) is a globally recognized provider of products, services, and integrated solutions for O&G exploration, development, and production. Halliburton was founded by Erle P. Halliburton, a pioneer in oil-well cementing.

Halliburton’s artificial lift solutions include:

Electric Submersible Pumping Systems: Halliburton’s Summit ESP® electric submersible pump (ESP) systems maximize production and increase run life.

The ESP systems are ideal even for the most extreme downhole environments because they can withstand fluid-borne abrasives, high temperature, immense pressure, variable flow rates, and other threats.

Horizontal Pumping Systems: A horizontal pumping system (HPS) helps lower maintenance costs while delivering high performance and providing longer operational life.

For example, the installation of the Hercules™ horizontal pumping system yielded a huge profit to the client.

SAGD Pumping Systems: The ESP SAGD (steam-assisted gravity drainage) systems are designed for high-temperature applications and oil recovery, with every component successfully passing rigorous third-party testing.

Geothermal Pumping Systems: GeoESP™ submersible borehole and surface pumps are designed for producing super-heated water and steam in geothermal applications.

Mining Pumping Systems: Halliburton’s ESP and HPS systems serve as high-efficiency dewatering systems for mining operations (open pit and shaft mines).

Municipal Pumping Systems: NSF® (National Sanitation Foundation)-certified ESP systems meet regulatory compliance and facilitate the supply of clean drinking water for the public.

In addition, Halliburton’ Summit ESP’s R&D lab provides premier design, build, analysis, and testing services for the development of innovation products and platforms capable of withstanding the harshest environments in artificial lift.

Halliburton artificial lift experts are also available for expert assistance in maximizing value throughout the reservoir lifecycle.

ChampionX Corporation (Acquired by Schlumberger Ltd)

ChampionX Corporation (ChampionX) is a global leader in delivering advanced energy solutions and highly engineered equipment to the upstream and midstream O&G industry. With over a century of expertise, ChampionX is known for serving customers worldwide with forward-thinking innovations and market-shaping solutions.

Here is a brief overview of ChampionX’s comprehensive range of artificial lift products and solutions:

Electrical Submersible Pumping Systems (ESP Products and Services)

• Pumps

• Gas Handlers

• Protectors

• Motors

• ESP Downhole Sensors

• Desanders

• Cables

• Variable Speed Drives

• Monitoring and Optimization Services

• Harmonic Reduction Technology

Gas Lift (Gas Lift Products and Services)

• Gas Lift Valves

• Gas Lift Mandrels

• Gas Lift Packers

• Gas Injection Optimization

• Capillary Tubing Services

• Gas Lift Downhole Sensors

Jet Lift (Jet Lift Pumps and Packages)

• Jet Pumps

• Multiplex Plunger Pumps

• Saltwater Disposal

• Centrifugal Pumps

• Skid Packages

• Jet Lift Optimization and Software

Plunger Lift (Plunger Lift Products and Services)

• Plungers

• Surface Equipment

• Downhole Equipment

Production Automation and Optimization

• SMARTEN Controllers

• 8000 Series Controllers

• Optimization Web Client

• Artificial Lift Optimization Services

• iChem

• SmartSpin Wireless Rod Rotator Sensor

• XSPOC Optimization Software Platform

Progressing Cavity Pumping Systems (PCP Products and Services)

• Progressing Cavity Pumps

• Driveheads

• Coiled Rod

• Drive Rods and Guides

Rod Lift (Rod Lift Products and Services)

• Subsurface Rod Pumps

• Rods

• Automation

• Separators

• Wellhead Equipment & Servicing

Schlumberger (SLB) back in 2024 announced the acquisition of ChampionX Corporation, which was completed in July 2025. Under the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. With the closing of the transaction, former ChampionX shareholders now own approximately 9% of SLB’s outstanding shares of common stock.

Levare International Limited (Borets International Limited)

Borets International Limited, now re-branded as Levare International Limited (also known as “Borets” and “BIL”), is an industry leader in artificial lift engineering, manufacturing, sales, and servicing of electric submersible pump systems and horizontal pump systems. The company operates in 15 countries and provides international oil companies with best-in-class equipment and services.

Borets’ main product lines include:

• Electric submersible pumps (ESPs)

• Permanent magnetic motors (PMM)

• Progressing cavity pumping (PCP) systems

• Surface horizontal pumping systems

Borets has developed ESP technology to extend run life and maximize production in highly deviated wells and wells with small-diameter casings, as well as unconventional wells like gassy and sandy wells.

Borets ESP systems are designed to optimize performance under standard, harsh, and extreme duty conditions. In addition, cost-efficient ESP systems are well proven for mature fields typically characterized by reduced oil rates and depleted reservoir pressures.

As part of an artificial lift solution suite, the ESP technology helps unconventional operators overcome key technical challenges like casting size constraints and unstable or variable flow rates, while reducing lease operation expenses and capital investment.

Borets also offers a cost-effective artificial lift method for heavy oil wells. The Borets PMM-PCP system is an efficient and economic method that increases oil well productivity and system run life, while providing PCP advantages in heavy oil without the risk of rod wear.

Furthermore, the Borets PMM-PCP system is a high-efficiency and lower-cost alternative to other forms of artificial lift (such as gas lift and rod pumping) for low-flow-rate wells.

In May 2023, Borets International announced it had rebranded itself as Levare International Limited. Recently, in October 2025, Levare announced that it has entered the geothermal energy sector, introducing a suite of engineered solutions such as ThermaGenix* line, featuring state-of-the-art Electric Submersible Pump (ESP) systems and Horizontal Pumping Systems (HPS) specifically engineered for the rigorous demands of geothermal operations.

Novomet

Novomet is a world-renowned provider of artificial lift solutions and services for the O&G industry. Novomet pioneered the use of powder metallurgy to manufacture pump stages (1991) and later became synonymous with PMM (Permanent Magnet Motor) technology (2012).

Novomet’s industry-leading R&D capabilities have yielded immediate performance improvements for their customers in every major oil market.

Over the years, Novomet has expanded globally with a network of international locations, including Argentina, Canada, Colombia, Ecuador, Egypt, India, Indonesia, Iraq, the Middle East, the Netherlands, and the U.S.

Novomet provides a wide variety of artificial lift products and services to extend the economic lives of wells and lower lifting costs.

Novomet’s artificial lift systems and technologies include:

• Asynchronous induction and permanent magnet motors

• Bypass systems

• Downhole ESP sensors

• Dual ESP systems

• ESP motors

• ESP protectors

• ESP systems

• Filters and solids control solutions

• Intake and gas management devices

• Multi-reservoir production

• Optimization software

• Production optimization (smart wells)

• Progressive Cavity Pumps (PCP)

• Remote monitoring

• Rotary Displacement Cylindrical Pumps (RDCP)

• Scale management solutions

• Simultaneous injection and production

• Test benches

• Valves

• Variable speed drives

Novomet’s artificial lift services include:

• ESP services

• Test bench service

• HPS service

• Artificial lift training

• Custom oilfield services

Lufkin Industries, Inc. (Acquired by GE Oil & Gas)

Lufkin Industries, Inc. (LUFKIN) is a globally leading provider of precision-engineered oilfield equipment, products, and services to customers worldwide.

The company’s legacy spans over 100 years, from manufacturing railroad and sawmill equipment to pioneering oilfield pumping units. In 1925, it built the first full crank balanced pumping unit, as well as the first gear-driven beam & sucker road pumping unit reducer.

In 2020, LUFKIN introduced “LONG STROKE”, stated by the company as the “world’s largest crank-balanced pumping unit.”

Additionally, the next-generation LUFKIN Well Manager™ 2.0 (LWM 2.0) is a patented rod pump controller that improves artificial lift equipment operation, while providing various benefits like:

• Display lift system issues

• Facilitate visual remote monitoring

• Minimize equipment failures

• Optimize production

• Reduce operating costs

Furthermore, LUFKIN’s SROD™ intelligent rod pump design software helps in optimizing pump design against alternative design parameters and realizing maximum production at the lowest cost possible.

LUFKIN continues to set the industry standard in the energy industry by offering a comprehensive range of downhole pumps and accessories, sucker rods, surface pumping units, automation systems, and optimization equipment and software.

In July 2013, GE Oil & Gas announced the successful acquisition of Lufkin Industries, Inc. for USD 3.3 billion. In June 2013, Lufkin shareholders voted to approve the transaction, in which shareholders will receive USD 88.50 per share in cash for each of their Lufkin shares. 

Recently, in March 2025, Q2 Artificial Lift Services announced that it had successfully acquired Lufkin Industries' North American Downhole (NAM Downhole) business. This includes Lufkin pump shops across Canada and the U.S., as well as key manufacturing operations in Red Deer, Alberta, and Midland, Texas.

National Oilwell Varco, Inc. (NOV Inc.)

Formerly known as “National Oilwell Varco, Inc.,” NOV Inc. (NOV) is a leading provider of oilfield equipment and technologies, including artificial lift solutions for O&G customers worldwide.

The NOV family of companies—NOV Completion & Production Solutions, NOV Rig Technologies, and NOV Wellbore Technologies—provides advanced equipment, operational support, and technical expertise necessary to optimize O&G drilling and production operations globally.

NOV provides a comprehensive suite of artificial lift equipment and packaged solutions under the following categories:

• Automation and Monitoring

• Corrosion and Wear Prevention

• Pipe Protection

• Downhole Artificial Lift Accessories

• Inspection Services

• Production Service Hookup

• Blowout Preventers

• Hookup Accessories

• Polished Rod Accessories

• Stuffing Box Packing

• Stuffing Boxes

• Tubing Rotators

• Progressing Cavity Pump Systems

• Driveheads

• Pumps

• Stuffing Boxes

• Tubing Rotators

• Rod Pump Systems

• Automation and Monitoring

• Blowout Preventers

• Hydraulic Pumping Units

• Polished Rod Accessories

Furthermore, NOV aligns the artificial lift solutions with tubing and sucker rod coatings, inspection systems, reporting software, and rod guides to ensure a smooth artificial lift operation at all times.

Liberty Lift Solutions

Liberty Lift Solutions was established in 2012 and is a Texas-based full-service artificial lift company. Initially, formed as a beam pumping unit manufacturing company, it expanded its product line into most stages of the artificial lift lifecycle.

Their product portfolio includes:

• Beam pumping units

• XL long-stroke units

• Gas lift

• Jet pumps

• Plunger lift

• Sucker rods

• Downhole pumps

• Pc pumps and automation

In the U.S., Liberty Lift is located in major oil-producing regions, which gives the company the ability to provide field service for all brands of equipment that our customers may have. We also have offices in Bahrain, Canada, and China.

Back in May 2024, Liberty Lift Solutions announced its plans to acquire Midland’s WellWorx Energy, known to provide downhole tools and automation solutions to the oil and gas industry. There have been no publicly released updates on the status or completion of the acquisition since then.

Wrapping Up

It is believed that sufficient reservoir pressure for natural flow exists in only 5% of the world’s oil and gas wells.

As the O&G industry continues to evolve and deal with new challenges, artificial lift technology has emerged as a key component of oilfield production equipment by increasing the recovery of hydrocarbons and boosting profit from wells around the world.

The rising demand for oil and gas, government regulations, unconventional reserve expansion, and technological advancements are some of the significant drivers of the artificial lift market growth expected to continue substantially in the coming years.

Artificial lift companies are indispensable for helping the oilfield service producers and operators improve efficiency and safety, while reducing the environmental impact and operational costs.

It is estimated that a significant percentage of oil in a given reservoir is left out because of the expensive and difficult recovery process. Artificial lift technology addresses this issue by helping O&G operators around the world maintain and maximize production in oil and gas wells.

Artificial lift refers to the use of artificial methods (such as a pump-assisted ESP or gas-assisted plunger lift) to enable the lifting of heavier reservoir liquids and increase fluid flow in producing oil and gas wells. Gas lift, hydraulic lift, electric submersible pump (ESP), plunger lift, progressive cavity pump, and rod lift are the most widely used artificial lift methods.

Artificial lift solutions increase flow rates and boost oil production, while enhancing life-of-well productivity and reducing risk and maintenance needs. The top-ranked artificial lift companies based on revenue include Schlumberger Ltd., Baker Hughes Company, ChampionX Corporation, Halliburton Company, and Lufkin Industries, Inc. 

Blackridge Research & Consulting – Global Artificial Lift Market Report

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• Geography (North America, Europe, Asia-Pacific, Rest of the World)

• Operating Process (Electric Submersible Pump, Gas Lift, Sucker Rod Pump, Hydraulic Pump, Progressive Cavity Pump, Plunger Lift)

The report also provides deep insights into the most influential artificial lift market growth drivers and restraints, present and future market opportunities, important commercial developments, competitive landscape, key industry players, and more.

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