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...
Oilfield Services Market is Set for a Rapid Growth and is Expected to Reach $125.51 Billion by 2022
The oilfield services market is expected to grow at a CAGR of 3.35%, from 2017 to 2022, to reach a market size of USD 125.51 billion by 2022. Increasing shale gas production, growing global E&P spending, and lifting of Iranian oil export sanctions are the major drivers of the oilfield services market.
The oilfield services market is dominated by a few major players that have a wide regional presence...