According to Cognitive Market Research, the global Artificial Lift Systems market size is USD 55842.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 22336.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 16752.66 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 12843.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 2792.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1116.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Rod Lift held the highest Artificial Lift Systems market revenue share in 2024.
