Artificial Lift Systems Market Share and Key Trends 2016-2026 FMI | Page 5

Report
Description
Report Description
Artificial Lift Systems Market: Market Drivers
The industry’s inclination and attempts to optimize upstream assets is one of the key
drivers for the global artificial lift systems market. Additionally, the recovery in crude oil
price after recent plummeting is also likely to drive investments in global artificial lift
systems market. The desire to maintain the production rate in a well in addition to the
cost effectiveness an artificial lift system provides as compared to tertiary recovery
techniques, the artificial lift systems market is expected to witness increased revenue
generation in years to come.
Artificial Lift Systems Market: Key Players
The global Artificial Lift Systems market witnessed key players such as Baker Hughes,
Dover Artificial Lift, Flotek Industries, Inc., Halliburton Company, Kudu Industries,
Schlumberger Ltd, Weatherford International, among others.