Artificial Lift Market to Show Strong Growth During the Forecast Period
The global Artificial Lift Market growth is projected to be USD 9.0 billion by 2028, growing from USD 7.3 billion in 2023, at a CAGR of 4.4% during the forecast period. The need for the artificial lift method to optimize production and enhance the recovery rate from the mature wells owing to declining reservoir pressure and an increase in the global oil demand is driving the growth of the...
Artificial Lift Market worth $9.0 Billion by 2028
The global 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 by MarketsandMarkets™. Artificial lift comprises techniques in the oil and gas sector to boost hydrocarbon production from wells with insufficient natural pressure. Employed when reservoir pressure is inadequate, methods like rod lift systems,...
Artificial Lift Market worth $8.7 Billion by 2027
The
global Artificial Lift Market is projected to grow from USD 6.9 billion in 2022 to USD 8.7 billion
by 2027, at a CAGR of 4.8% according to a new report by MarketsandMarkets™. The market has promising growth potential due to the rising global
oil demand and the increasing demand to maximize production from maturing oil
& gas fields and new discoveries, especially in the North American region.
The...
Artificial Lift Market to Witness Huge Growth by 2025
The global Artificial
Lift Market is expected to grow from an estimated USD 8.0 billion in 2020
to USD 10.3 billion by 2025, at a CAGR of 5.0% during the forecast period.
Increasing efforts by upstream companies to enhance the production from the
mature fields is driving the artificial lift market.
Continuous shale development and the
growing investments in the upstream oil and gas sector are...
Exhaustive Study on Transmission Sales Market – Future Scenarios and Business Opportunity Analysis
The transmission sales market is expected to grow from an estimated market size of USD 15.2 billion in 2019 to USD 18.7 billion by 2024, registering a CAGR of 4.2% from 2019 to 2024. The transmission sales market is witnessing significant growth, which is driven by the growing shale gas production activities.
Key Market Players:
The major players in the transmission sales market ...
Artificial Lift Market to Witness Remarkable Growth by 2025
The
global Artificial
Lift Market is projected to reach USD 10.3 billion by 2025 from an
estimated USD 8.0 billion in 2020, at a CAGR of 5.0% during the forecast
period. Stabilized oil prices have revitalized the exploration & production
expenditures globally. This has led to increased investments in the enhancement
of productivity of oil & gas wells. Furthermore, the global artificial
market...
Artificial Lift Market to Hit $10.3 Billion by 2025
The global Artificial Lift Market is
projected to reach USD 10.3 billion by 2025 from an estimated USD 8.0 billion
in 2020, at a CAGR of 5.0% during the forecast period. Continuous shale
development and the growing investments in the upstream
oil and gas sector is driving the demand for Artificial Lift Market. Moreover,
the rising number of mature fields in Europe and the Middle East, along with
new...