Market research Future Artificial Lift Market Growth Rate, Size, Share . | Page 4

Artificial Lift Market Research Report- Forecast to 2027
3 Market Research Analysis
North America has been dominating the Global Artificial Lift Market with the largest market share since
past few years. It is expected to retain its dominance in the market with a high growth rate. Presence of
large shale oil & gas reserves, as well as tight oil reserves is expected to aid the North American market
for artificial lift.
The European region held the second largest share within the artificial lift market and is expected to grow
at a moderate rate during the forecast period, between 2018 and 2022.
Asia-Pacific market is expected to exhibit a comparatively high growth than Europe. Increasing focus
towards development of shale gas projects in countries such as China, and Indonesia is expected to be a
major factor driving the Asia-pacific market..
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