Artificial lift market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. Governments are increasingly imposing regulations on the oil and gas industry, such as those related to emissions and water usage. Artificial lift systems can help oil and gas companies comply with these regulations, which can be a major […]
Tag Archives: Artificial Lift Market
Artificial lift market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. Governments are increasingly imposing regulations on the oil and gas industry, such as those related to emissions and water usage. Artificial lift systems can help oil and gas companies comply with these regulations, which can be a major […]
The global artificial lift market is booming, driven by the growing demand for oil and gas. The market is growing at a CAGR of 5.5% from 2023 to 2030. Over 5 million wells are on artificial lift globally; in North America alone, it is estimated that 85% of all wells use artificial lift. In onshore applications the […]
The global artificial lift market is booming, driven by the growing demand for oil and gas. The market is growing at a CAGR of 5.5% from 2023 to 2030. Over 5 million wells are on artificial lift globally; in North America alone, it is estimated that 85% of all wells use artificial lift. In onshore applications the […]
Artificial Lift Market is projected to reach USD 10.3 billion by 2025 from an estimated USD 8.0 billion in 2020, at a CAGR of 5% during the forecast period. Road lift, beam lift, or sucker rod lift refers to an artificial lift system that uses surface power to drive the downhole pump assembly. The device […]