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Artificial Lift Systems Market (ESP, PCP, Rod Lift) Worth $13.7 Billion by 2018 - New Report by MarketsandMarkets
Date:10/21/2013

nd of Sucker Rods from the Installed Base of Rod Lift

U.S. rod lift market, being the biggest market world-over, accounted for about 50.8% of the global rod lift market in 2012 and is estimated to grow at a CAGR of 6.7% for the period of 2013 and 2018. U.S. is witnessing high growth in unconventional oil production such as shale oil, tight oil, and growing marginal well count, which support future demand for rod lifts and its components. The growth in rod lift installed base provides sustainability to sucker rod industry and with the biggest installed base, U.S. rod lift sucker rod market is expected to show the growth rate of 8.0% for the same period.

Increasing deep & ultra-deep offshore and heavy oil production, enhanced production requirements in mature fields, growing activities of subsea operations, coal bed methane production, and mounting installed base of artificial lifts drive the Artificial Lift Systems Market. Redevelopment of the old & marginal fields and booming subsea operations promise future growth to artificial lift components manufacturers.

Browse related reports

Artificial Lift Market by Types (Rod Lift, ESP, PCP, Gas Lift) & Geography - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/artificial-lift-systems-market-879.html

Coiled Tubing Market by Services [Well Intervention (Well Completion & Well Cleaning) & Drilling], Active Fleet & by Geography - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/coiled-tubing-market-804.html

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