/PRNewswire/ Artificial Lift Market is projected to reach USD 9.0 billion in 2028 from USD 7.3 billion in 2023 at a CAGR of 4.4% according to a new report.
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Global Artificial Lift System Market to register a CAGR of 6.5% during the forecasted period - by PMI
December 22, 2020 11:35 ET | Source: PMI PMI Pune, INDIA
Covina, CA, Dec. 22, 2020 (GLOBE NEWSWIRE) Artificial lift is a method used to lower the producing bottom hole pressure (BHP) on the formation to obtain a higher production rate from the well.
Increasing efforts by upstream companies to enhance the production from the mature fields is driving the artificial lift market.
The report
Electric Submersible Pump System, Progressive Cavity Pump System, Rod Lift System, and Others
),
and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.
Global Artificial Lift System Market to register a CAGR of 6.5% during the forecasted period - by PMI
Covina, CA, Dec. 22, 2020 (GLOBE NEWSWIRE) Artificial lift is a method used to lower the producing bottom hole pressure (BHP) on the formation to obtain a higher production rate from the well.
Increasing efforts by upstream companies to enhance the production from the mature fields is driving the artificial lift market.
The report
Electric Submersible Pump System, Progressive Cavity Pump System, Rod Lift System, and Others
),
and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.