Artificial Lift Systems Market to Display Moderate 6.20% CAGR Due to Decreasing Crude Oil Prices
The global artificial lift systems market was worth US$13,000.0 million in 2013. By 2020, the global artificial lift systems market is projected to be worth US$19,806.8 million developing at a moderate CAGR of 6.20% during the forecast period of 2014 to 2020.The global artificial lift systems market will be restrained to a great degree by the decreasing crude oil prices. The prices of crude oil have decreased by around 50% in the past few years. This can be attributed to...
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