Artificial Lift Market was valued at $8,010.8 million in 2017, and it is expected to reach $10,883.1 million by 2027, registering a CAGR of 5%. Increasing opportunities observed by oil and gas producers in the artificial lift market and advances in mature fields are encouraging manufacturers to quickly adopt this system and provide customers with […]
Tag Archives: Artificial Lift Market Size
The Artificial Lift Systems market is expected to grow at a CAGR of over 4% over the forecast period. Artificial lift is a method used to achieve higher production rates in wells by lowering the bottom hole pressure (BHP) generated in the formation. It helps oil and gas move up when natural drive (primary recovery) […]