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Artificial Lift Market Worth $16.0 Billion By 2018

DALLAS, March 21, 2013 /PRNewswire/ --

The report "Artificial Lift Systems Market: By Types (Rod Lift, ESP, PCP, Gas Lift) and Geography - Global Trends and Forecasts To 2018" defines and segments the global artificial lift market with analysis and forecasting of the global revenue. It also identifies driving and restraining factors for the global artificial market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and revenues are forecasted on the basis of major regions such as North America, South and Central America, Europe, Middle East and Africa, and Asia-Pacific. The key countries are covered and forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of major types of lifts used in the oil and gas industry.

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  • 93    market data tables
  • 22    figures
  • 209    pages and an in-depth Table of Content on " Artificial Lift Market "

http://www.marketsandmarkets.com/Market-Reports/artificial-lift-systems-market-879.html

Early buyers will receive 10% customization on this report.

When the rate of production falls due to the low reservoir pressure, new methods are adopted to increase the production. This process of increasing recovery in low margin production wells are supported by artificial lifts. Artificial lifts create a steady low pressure or reduced pressure in the well bore against the formation pressure allowing well fluids to travel through the well bore continuously to the surface. Artificial lifting is widely approached by two methods: the first is by using gas lifting where the pressure gradient of the tubing is decreased to create sufficient pressure difference to lift the crude to the surface; the second method is carried out by the use of downhole pumps.

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