Artificial Lift Systems Market

The global artificial lift systems market is expected to register a 6.20% CAGR from 2014 to 2020, states a research report by Transparency Market Research (TMR). At this rate, the global artificial lift systems market is expected to reach a value of US$19.80 bn by 2020. There are numerous factors making this remarkable growth rate possible. Download Free Research Report Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1954 The first and foremost is the inherent advantages that artificial lift systems carry. They increase the pressure of the reservoir exactly when the bottomhole pressure is insufficient to push the natural gas or crude oil to the surface of the well. Till date, a large number of gas wells have benefitted from using artificial lift systems. Nearly 10% of the worldwide oil and gas wells possess a natural reservoir drive to pull crude oil to the surface while the remaining are dependent on artificial lift systems.

Artificial Lift Systems Market

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