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Frequently Asked Questions
The global artificial lift systems market size was reached at USD 9.78 billion in 2021 and it is anticipated to rake around USD 18.7 billion by 2030.
The global artificial lift systems market is expected to drive growth at a CAGR of 7.47% over the forecast period 2022 to 2030.
The major players operating in the artificial lift systems market are General Electric Company, Hitachi, Ltd, Man Diesel & Turbo SE, Neuman&Esser Group, Ebara Corporation, Ariel Corporation, Mitsubishi Heavy Industries Compressor Corporation, Burckhardt Compression Holding AG, Atlas Copco Energas GmbH, and Solar Turbine Inc.
The artificial lift systems market is expected to grow in response to rising energy demand, industrialization, and population and urbanization. Rising expansion of the industrial manufacturing and transportation sectors oil consumption demand have been increased rapidly globally.
North America region will lead the artificial lift system market over the forecast period.