The global artificial lift system market size was valued at $26.3 billion in 2020 and is projected to reach $55.3 billion by 2030, growing at a CAGR of 7.7% from 2021 to 2030. The artificial lift method is used to boost reservoir pressure and push crude oil to the surface. Artificial lift is used when …
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According to a new report published by Allied Market Research, titled “Artificial Lift System Market by Type, Mechanism, Application, and Well type: Global Opportunity Analysis and Industry Forecast, 2021-2030,” Global Opportunity Analysis and Industry Forecast 2021–2030,” the global artificial lift system market size was valued at $26.3 billion in 2020 and is projected to reach $55.3 billion by 2030, …
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