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Artificial Lift Market Research based on Studies 2017, Forecast till 2021

Artificial Lift Market Research based on Studies 2017, Forecast till 2021

The report "Artificial Lift Market by Type (Electrical Submersible Pumps, Rod Lift, Progressive Cavity Pumps, Gas Lift, and Others), Mechanism (Pump Assisted and Gas Assisted), Application (Onshore and Offshore), and Region - Global Forecasts to 2021", The artificial lift market is expected to grow from an estimated USD 7.62 Billion in 2016 to USD 9.69 Billion by 2021, at a CAGR of 4.91%. The global market is set to witness significant growth, due to the increasing production of heavy oil and shale gas. Increasing shale gas production is due to huge shale gas reserves in the Americas and the Asia-Pacific.

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Artificial Lift Market Global Forecast To 2021- End-User and Regional Analysis

Artificial Lift Market Global Forecast To 2021- End-User and Regional Analysis

Artificial Lift Market categorizes the Global Market by Mechanism (Positive Displacement, Dynamic Displacement & Gas Assisted) & Types (Rod Lift, ESP, PCP, Gas Lift) Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=879

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2018-2023 Global and Regional Artificial Lift Industry Production, Sales and Consumption Status and Prospects Profession

2018-2023 Global and Regional Artificial Lift Industry Production, Sales and Consumption Status and Prospects Profession

Artificial lift refers to the use of artificial means to increase the flow of liquids, such as crude oil or water, from a production well. Generally this is achieved by the use of a mechanical device inside the well (known as pump or velocity string) or by decreasing the weight of the hydrostatic column by injecting gas into the liquid some distance down the well.

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