Artificial lift is used to provide adequate pressure in low reservoir pressure well to thrust the crude to the surface. This process of increasing recovery in low margin production wells are supported by different types of artificial lifts such as Electric submersible pump system (ESPs), Progressive cavity pump system (PCPs), Rod Lift, Gas Lift, and Others. Artificial lift component market is the sub market of artificial lift market. ESP pump market is the largest revenue producer within component market. Apart from ESP pump, Rod lift pump and ESP motor is the next biggest revenue maker.
The direct drive (gearless) wind turbine is the low-speed generator that eliminates the need for a gearbox from the turbine’s drive train. These turbines have advantages such as - these are lighter as compared to conventional turbine, these have significantly lower maintenance costs, and it is not needed to replace gearbox as these are gearless turbines. The most preferred direct drive wind turbine generator is the permanent magnet type generator, as it is lighter in weight and possesses high reliability for offshore applications.