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/Artificial Lift System Market to Hit $34,569 million by 2022, registering a CAGR of 11.4% Artificial Lift System Market to Hit $34,569 million by 2022, registering a CAGR of 11.4% tusharJuly 2, 2021 Artificial Lift System Market Global Artificial Lift System Market stood at $16,449 million in 2015 and is expected to reach $34,569 million by 2022, registering a CAGR of 11.4% during 2016 -2022, according to a new report published by Allied Market Research. North America held two-fifth share in the world artificial lift system market in 2015, and is expected to grow at a CAGR of 9.6% during the analysis period. Artificial lift system market holds promising growth potential, with crude oil prices fluctuating drastically the oil extraction companies are forced to optimize their spending. The fluctuations in oil prices affected the profitability of the company. Hence, in order to ensure the financial targets in position, the companies are cutting their operation costs, of which dr

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