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Monday Apr 27, 2015
Monday Apr 27, 2015
Increasing energy demands and maturing production fields are expected to drive the artificial lift systems market over the next six years. Artificial lift systems are used to maintain a steady reservoir pressure to minimize the wastage of natural resources in production units. The system is used in water reservoirs from initial production stage owing to its higher density as compared to oil and gas. General mechanism used for artificial lift systems are downhole pumps and gas lifting, of which downhole pumps are expected to be the key mechanism over the forecast period.
View Artificial Lift Systems Market Report with Table Of Content @ http://www.grandviewresearch.com/industry-analysis/artificial-lift-systems-market
High investments by market participants to develop unconventional resources and use of modern technologies for better production are expected to be favorable for the global market. Growing subsea operations may provide new growth opportunities over the forecast period. Lack of skilled professionals may act as a restraint to the artificial lift systems market.
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