Global Artificial Lift Market – By Lift Technology (Beam Lift, Plunger, Gas Lift, Electric Pump, Hydraulic Pump, Progressive Cavity Pump, Others)

Date: 5 September 2018

The global market of Artificial Lift is mainly driven by rising number of rig counts and wells completion activities in conventional and non-conventional fields. Rising demand and price of hydrocarbons led to the development in upstream sector and drive oilfield service and equipment market accompanied with artificial lift market

According to Azoth Analytics research report “Global Artificial Lift Market – By Lift Technology (Beam Lift, Plunger, Gas Lift, Electric Pump, Hydraulic Pump, Progressive Cavity Pump, Others), By Mechanism, By Application, By Region, By Country (2018 Edition): Forecast to 2023-- By Mechanism (Pump Assisted, Gas Assisted), By Application (Onshore, Offshore), By Country (USA, Canada, Mexico, Argentina, Brazil, Russia, Norway, United Kingdom, China, India, Indonesia, Saudi Arabia, Oman, Algeria)”, global market for artificial lift is projected to display a growth represented by a CAGR of over 4.62% during 2018 – 2023). North America region is the biggest market in the current period and expected to lead in forecast period. In the forecast period, APAC region will witness strong growth backed by rising demand of hydrocarbon and investment in exploitation of conventional and non-conventional resources in China and India.

The report titled has covered and analysed the potential of Global Artificial Lift Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Artificial Lift Market. Additionally, the report also highlights market entry strategies for various companies across the globe.

A comprehensive research report on Global Artificial Lift Market created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report presents the historical statistics of 2013-2017 and the forecast for the period of 2018-2023. 

...