Latin America Artificial Lift Market Set to Expand at a Staggering 4.3% CAGR, Reaching USD 1,208.32 million by 2032 | PMR

The global Latin America artificial lift market size is projected to grow from USD 731.20 million in 2022 to USD 1,208.32 million by 2032, at a CAGR of 4.3%, according to a new report by Polaris Market Research. Artificial lift is a procedure utilized to lower the producing bottom hole pressure (BHP) on the configuration to acquire an elevated production rate from the well.