Global Artificial Lift Market Is Expected to Reach $27.3 Billion by 2020, Finds New Report
Global Artificial Lift Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", the global artificial lift market is expected to reach $27.3 billion by 2020, registering a CAGR of 10.5% during 2014-2020. Continuously declining oil prices-hitting a 4-year low-have forced the oil extraction companies to optimize their spending by increasing efficiency. In line with this, the companies are increasingly deploying artificial lifts to increase output from the existing wells. As a result, the artificial lift market...
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