ARTIFICIAL LIFT SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Artificial Lift Systems Market, By Application (Onshore and Offshore), By Component (Pump, Motor, Cable System, Controller, Others), By Lift Type (Pressurized Water Reactor (PWR), Electric Submersible Pumps, Gas lift, Progressing Cavity Pumps, Jet pump, Others), By Mechanism (Pump Assisted and Gas Assisted), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

In February 2022, Upwing Magnetic Drive System (MDS) improves reliability by shielding sensitive electrical parts from harsh production fluids. These components are placed in the well's annulus during permanent completion, making deployment and maintenance easier using slickline technology.
In January 2022, Unbridled ESP Systems, a part of ChampionX, introduced the High Rise series pumps to reduce carbon emissions during ESP operations, mainly used in unconventional well-completion tasks
In August 2021, ChampionX Technologies introduced XSPOC production optimization software, aimed at enhancing efficiency in wells utilizing artificial lift methods
In April 2021, Energy and Power (E&P) companies could integrate Ambyint's production and artificial lift optimization apps seamlessly into their existing Microsoft Azure environments, thanks to Azure's deployment capabilities.