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Power & Energy

Petrochemical Downstream Processing Market Reports

Artificial Lift Market by Type (Electrical Submersible Pump, Rod Lift, Progressive Cavity Pump, Gas Lift), by Mechanism (Pump Assisted, Gas Assisted), by Application (Onshore, Offshore), by Geography (U.S., Canada, Mexico, U.K., Russia, Norway, China, Indonesia, India, Brazil, Venezuela, Saudi Arabia) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023

The global artificial lift market was valued at $8,010.8 million in 2017 and is projected to reach $10,883.1 million by 2023, witnessing a CAGR of 5.3% during the forecast period. The market growth is mainly driven by the increasing number of mature oil and gas fields and growing ultra-deepwater and deepwater activities, worldwide. ...