Artificial Lift Systems Market Top Manufacturers, Insights, Trends and Forecasts Report
Artificial Lift Systems Market: Introduction The global artificial lift systems market was valued at ~ US$ 8.1 Bn in 2018 and is anticipated to expand at a CAGR of ~5% during the forecast period. In terms of component, the hardware segment accounted for a prominent share of the artificial lift systems market in 2018 , due to the high cost of hardware components in artificial lift systems, along with rising demand for artificial lift systems in mature oil and gas fields. Get a Free Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1954 Based on system, the electrical submersible pumping (ESP) segment held a major share of the artificial lift systems market in 2018 . This can be ascribed to the high demand for ESP systems due to lower operational costs and flexibility in production output. The artificial lift systems market in Middle East & Africa is...