Global Artificial Lift Systems Market, By Type (Rod Lift, Electrical Submersible Pumping (ESP), Progressing Cavity Pumping (PCP), Plunger, Gas Lift, Others), Component (Pump, Motor, Cable System, Drive Head, Separator, Pump JACK, Sucker Rod, Gas-Lift Valves, Gas-Lift Mandrels, Controller), Application (Oil, Gas), Mechanism (Positive Displacement, Dynamic Displacement, Gas Assisted), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Artificial Lift Systems Market
Data Bridge Market Research analyses the artificial lift systems market will exhibit a CAGR of 8.40% for the forecast period of 2022-2029 and is likely to reach the USD 20.10 billion by 2029.
Artificial lift systems are widely employed in the oil and gas industry to boost oil reservoir production. Pumping or injecting gas to lift crude oil is utilized in artificial lift systems to boost flow rate. When natural reservoir energy is insufficient to pump the oil, artificial lift devices are utilized to boost well productivity.
The upsurge in demand for crude oil will act as a key element driving market expansion. The artificial lift systems market is also being driven by factors such as rapid urbanization as well as industrialization and increase in technological development. In addition to this, shifting trends towards unconventional wells and rising number of matured wells will expand the artificial lift systems market. Furthermore, growing demand for product from various end-use industries and rising subsea production will be major factors influencing the growth of the artificial lift systems market. Another significant factor that will cushion the artificial lift systems market’s growth rate is the continuous shale development activities. Also, increasing investments in upstream oil and gas sector will further propel the market’s growth rate during the forecast period of 2022-2029.
Moreover, increase in research and development activities and redevelopment of mature oilfields will create beneficial opportunities for the growth of the market. Additionally, new offshore oilfield discoveries will act as market driver and further boost new opportunities in the forecast period mentioned above.
However, increasing adoption of renewable energy and high capital investment will hamper the market’s growth rate. Also, geopolitical instability and emergence of unfavourable conditions due to COVID-19 outbreak will further pose a challenge to the market. Other factors such as the dearth of skilled workforce handling and adopting ALMs in horizontal wells will obstruct the market’s growth.
This artificial lift systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on artificial lift systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Artificial Lift Systems Market Scope and Market Size
The artificial lift systems market is segmented on the basis of type, component, mechanism and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Artificial lift systems market on the basis of type has been segmented as rod lift, electrical submersible pumping (ESP), progressing cavity pumping (PCP), plunger, gas lift and others.
- Based on component, artificial lift systems market has been segmented into pump, motor, cable system, drive head, separator, pump JACK, sucker rod, gas-lift valves, gas-lift mandrels and controller.
- On the basis of mechanism, artificial lift systems market has been segmented into positive displacement, dynamic displacement and gas assisted.
- On the basis of application, artificial lift systems market has been segmented into oil and gas. Oil segment has been further segmented into conventional production, shale production, heavy oil production and bitumen production. Gas segment has been further segmented into conventional production and shale production.
Artificial Lift Systems Market Country Level Analysis
The artificial lift systems market is analysed and market size, volume information is provided by country, type, component, mechanism and application as referenced above.
The countries covered in the artificial lift systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the artificial lift systems market and will continue to flourish its trend of dominance due to the rising penetration of shale reserves, low oil prices and presence of major key players in this region. Europe on the other hand is projected to exhibit the highest growth rate during the forecast period due to the increasing number of mature fields and surging demand for gas mainly from Eastern Europe.
The country section of the artificial lift systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Artificial Lift Systems Market Share Analysis
The artificial lift systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial lift systems market.
Some of the major players operating in the artificial lift systems market are Baker Hughes Company, NOV Inc., Halliburton Energy Services, Inc., Weatherford, JJ Tech Systems, MAN Energy Solutions SE, Dover Corporation, Schlumberger Limited, Tenaris, EBARA CORPORATION., MITSUBISHI HEAVY INDUSTRIES, LTD., Solar Turbines Incorporated, Burckhardt Compression AG., Ariel Corporation, NEUMAN & ESSER GROUP, Hitachi, Ltd., Aker Solutions, General Electric, Occidental Petroleum Corporation, and Canadian Advanced ESP, among others.
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL MOBILITY DATA MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL MOBILITY DATA MARKET SIZE
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MULTIVARIATE MODELLING
2.2.4 TOP TO BOTTOM ANALYSIS
2.2.5 STANDARDS OF MEASUREMENT
2.2.6 VENDOR SHARE ANALYSIS
2.2.7 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.8 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 GLOBAL MOBILITY DATA MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 CASE STUDY
5.2 IMPORTANCE OF ARTIFICIAL LIFT SYSTEM
5.2.1 ENHANCE PRODUCTION
5.2.2 EXTENDED LIFE
6 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, BY MECHANISM
6.1 OVERVIEW
6.2 PUMP ASSISTED
6.2.1 POSITIVE DISPLACEMENT
6.2.2 DYNAMIC SISPLACEMENT
6.3 GAS-ASSISTED
7 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, BY SYSTEM
7.1 OVERVIEW
7.2 ELECTRICAL SUBMERISBLE PUMP (ESP) SYSTEM
7.2.1 BY COMPONENT
7.2.1.1. ELECTRICAL POWER CABLE
7.2.1.2. ELECTRICAL SUBMERSIBLE MOTOR
7.2.1.3. MOTOR PROTECTOR
7.2.1.4. SEAL ELECTRIC CABLE
7.2.1.5. GAS SEPARATOR
7.2.1.6. MOTOR CONTROLLER
7.2.1.7. CENTRIFUGAL PUMP
7.3 PROGRESSIVE CAVITY PUMP (PCP) SYSTEM
7.4 GAS LIFT SYSTEM
7.5 ROD LIFT SYSTEM
7.6 PLUNGER LIFT
7.6.1 BY TYPE
7.6.1.1. SOLID PLUNGER
7.6.1.2. BRUSH PLUNGER
7.6.1.3. PAD PLUNGER
7.6.1.4. CONTINUOUS FLOW PLUNGER
7.7 HYDRAULLIC LIFT SYSTEM
7.8 POWER SUPPLY AND CONTROL SYSTEM
7.9 OTHERS
8 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, BY OFFERING
8.1 OVERVIEW
8.2 SOFTWARE
8.3 SERVICES
8.3.1 MONITROING AND AUTOMATION SERVICES
8.3.2 INSTALLATION AND TRAINING
8.3.3 REPAIR AND MAINTENANCE
9 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, BY WELL TYPE
9.1 OVERVIEW
9.2 HORIZONTAL
9.3 VERTICAL
10 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, BY PRODUCTION
10.1 OVERVIEW
10.2 LESS THAN 4500 BPD
10.3 MORE THAN 4500 BPD
11 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, BY APPLICATION
11.1 OVERVIEW
11.2 OFFSHORE
11.2.1 CONVENTIONAL
11.2.2 UNCONVENTIONAL
11.2.3 DEEPWATER
11.2.4 HEAVY-OIL
11.2.5 MATURE WELLS
11.3 ONSHORE
12 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, BY GEOGRAPHY
12.1 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
12.1.1 NORTH AMERICA
12.1.1.1. U.S.
12.1.1.2. CANADA
12.1.1.3. MEXICO
12.1.2 EUROPE
12.1.2.1. GERMANY
12.1.2.2. FRANCE
12.1.2.3. U.K.
12.1.2.4. ITALY
12.1.2.5. SPAIN
12.1.2.6. RUSSIA
12.1.2.7. TURKEY
12.1.2.8. BELGIUM
12.1.2.9. NETHERLANDS
12.1.2.10. SWITZERLAND
12.1.2.11. REST OF EUROPE
12.1.3 ASIA PACIFIC
12.1.3.1. JAPAN
12.1.3.2. CHINA
12.1.3.3. SOUTH KOREA
12.1.3.4. INDIA
12.1.3.5. AUSTRALIA
12.1.3.6. SINGAPORE
12.1.3.7. THAILAND
12.1.3.8. MALAYSIA
12.1.3.9. INDONESIA
12.1.3.10. PHILIPPINES
12.1.3.11. REST OF ASIA PACIFIC
12.1.4 SOUTH AMERICA
12.1.4.1. BRAZIL
12.1.4.2. ARGENTINA
12.1.4.3. COLOMBIA
12.1.4.4. PERU
12.1.4.5. CHILE
12.1.4.6. VENEZUALA
12.1.4.7. ECUADOR
12.1.4.8. REST OF SOUTH AMERICA
12.1.5 MIDDLE EAST AND AFRICA
12.1.5.1. SOUTH AFRICA
12.1.5.2. EGYPT
12.1.5.3. SAUDI ARABIA
12.1.5.4. U.A.E
12.1.5.5. ISRAEL
12.1.5.6. REST OF MIDDLE EAST AND AFRICA
12.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
13 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: GLOBAL
13.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
13.3 COMPANY SHARE ANALYSIS: EUROPE
13.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC
13.5 MERGERS & ACQUISITIONS
13.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
13.7 EXPANSIONS
13.8 REGULATORY CHANGES
13.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
14 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, SWOT & DBMR ANALYSIS
15 GLOBAL ARTIFICIAL LIFT SYSTEMS MARKET, COMPANY PROFILE
15.1 SCHLUMBERGER
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 GEOGRAPHIC PRESENCE
15.1.4 PRODUCT PORTFOLIO
15.1.5 RECENT DEVELOPMENTS
15.2 NOV
15.2.1 COMPANY SNAPSHOT
15.2.2 REVENUE ANALYSIS
15.2.3 GEOGRAPHIC PRESENCE
15.2.4 PRODUCT PORTFOLIO
15.2.5 RECENT DEVELOPMENTS
15.3 OILSERV
15.3.1 COMPANY SNAPSHOT
15.3.2 REVENUE ANALYSIS
15.3.3 GEOGRAPHIC PRESENCE
15.3.4 PRODUCT PORTFOLIO
15.3.5 RECENT DEVELOPMENTS
15.4 NOVOMET
15.4.1 COMPANY SNAPSHOT
15.4.2 REVENUE ANALYSIS
15.4.3 GEOGRAPHIC PRESENCE
15.4.4 PRODUCT PORTFOLIO
15.4.5 RECENT DEVELOPMENTS
15.5 ACCESSESP
15.5.1 COMPANY SNAPSHOT
15.5.2 REVENUE ANALYSIS
15.5.3 GEOGRAPHIC PRESENCE
15.5.4 PRODUCT PORTFOLIO
15.5.5 RECENT DEVELOPMENTS
15.6 PCM ARTIFICIAL LIFT SOLUTIONS INC.
15.6.1 COMPANY SNAPSHOT
15.6.2 REVENUE ANALYSIS
15.6.3 GEOGRAPHIC PRESENCE
15.6.4 PRODUCT PORTFOLIO
15.6.5 RECENT DEVELOPMENTS
15.7 PRIORITY ARTIFICIAL LIFT SERVICES
15.7.1 COMPANY SNAPSHOT
15.7.2 REVENUE ANALYSIS
15.7.3 GEOGRAPHIC PRESENCE
15.7.4 PRODUCT PORTFOLIO
15.7.5 RECENT DEVELOPMENTS
15.8 CAMCO
15.8.1 COMPANY SNAPSHOT
15.8.2 REVENUE ANALYSIS
15.8.3 GEOGRAPHIC PRESENCE
15.8.4 PRODUCT PORTFOLIO
15.8.5 RECENT DEVELOPMENTS
15.9 VALIANT ARTIFICIAL LIFT SOLUTIONS
15.9.1 COMPANY SNAPSHOT
15.9.2 REVENUE ANALYSIS
15.9.3 GEOGRAPHIC PRESENCE
15.9.4 PRODUCT PORTFOLIO
15.9.5 RECENT DEVELOPMENTS
15.1 MIDDLE EAST OILFIELD SERVICES
15.10.1 COMPANY SNAPSHOT
15.10.2 REVENUE ANALYSIS
15.10.3 GEOGRAPHIC PRESENCE
15.10.4 PRODUCT PORTFOLIO
15.10.5 RECENT DEVELOPMENTS
15.11 EPIC LIFT SYSTEMS
15.11.1 COMPANY SNAPSHOT
15.11.2 REVENUE ANALYSIS
15.11.3 GEOGRAPHIC PRESENCE
15.11.4 PRODUCT PORTFOLIO
15.11.5 RECENT DEVELOPMENTS
15.12 MAKTOOM TRADING & CONTRACTING COMPANY
15.12.1 COMPANY SNAPSHOT
15.12.2 REVENUE ANALYSIS
15.12.3 GEOGRAPHIC PRESENCE
15.12.4 PRODUCT PORTFOLIO
15.12.5 RECENT DEVELOPMENTS
15.13 PRODUCTION LIFT COMPANIES
15.13.1 COMPANY SNAPSHOT
15.13.2 REVENUE ANALYSIS
15.13.3 GEOGRAPHIC PRESENCE
15.13.4 PRODUCT PORTFOLIO
15.13.5 RECENT DEVELOPMENTS
15.14 BORETS INTERNATIONAL
15.14.1 COMPANY SNAPSHOT
15.14.2 REVENUE ANALYSIS
15.14.3 GEOGRAPHIC PRESENCE
15.14.4 PRODUCT PORTFOLIO
15.14.5 RECENT DEVELOPMENTS
15.15 APERGY
15.15.1 COMPANY SNAPSHOT
15.15.2 REVENUE ANALYSIS
15.15.3 GEOGRAPHIC PRESENCE
15.15.4 PRODUCT PORTFOLIO
15.15.5 RECENT DEVELOPMENTS
15.16 DISTRIBUTIONNOW
15.16.1 COMPANY SNAPSHOT
15.16.2 REVENUE ANALYSIS
15.16.3 GEOGRAPHIC PRESENCE
15.16.4 PRODUCT PORTFOLIO
15.16.5 RECENT DEVELOPMENTS
15.17 JJ TECH
15.17.1 COMPANY SNAPSHOT
15.17.2 REVENUE ANALYSIS
15.17.3 GEOGRAPHIC PRESENCE
15.17.4 PRODUCT PORTFOLIO
15.17.5 RECENT DEVELOPMENTS
15.18 HALLIBURTON
15.18.1 COMPANY SNAPSHOT
15.18.2 REVENUE ANALYSIS
15.18.3 GEOGRAPHIC PRESENCE
15.18.4 PRODUCT PORTFOLIO
15.18.5 RECENT DEVELOPMENTS
15.19 BAKER HUGHES COMPANY
15.19.1 COMPANY SNAPSHOT
15.19.2 REVENUE ANALYSIS
15.19.3 GEOGRAPHIC PRESENCE
15.19.4 PRODUCT PORTFOLIO
15.19.5 RECENT DEVELOPMENTS
15.2 WEATHERFORD INTERNATIONAL
15.20.1 COMPANY SNAPSHOT
15.20.2 REVENUE ANALYSIS
15.20.3 GEOGRAPHIC PRESENCE
15.20.4 PRODUCT PORTFOLIO
15.20.5 RECENT DEVELOPMENTS
15.21 NATIONAL-OILWELL VARCO, INC.
15.21.1 COMPANY SNAPSHOT
15.21.2 REVENUE ANALYSIS
15.21.3 GEOGRAPHIC PRESENCE
15.21.4 PRODUCT PORTFOLIO
15.21.5 RECENT DEVELOPMENTS
15.22 DOVER CORPORATION
15.22.1 COMPANY SNAPSHOT
15.22.2 REVENUE ANALYSIS
15.22.3 GEOGRAPHIC PRESENCE
15.22.4 PRODUCT PORTFOLIO
15.22.5 RECENT DEVELOPMENTS
15.23 ALKHORAYEF COMMERCIAL CO
15.23.1 COMPANY SNAPSHOT
15.23.2 REVENUE ANALYSIS
15.23.3 GEOGRAPHIC PRESENCE
15.23.4 PRODUCT PORTFOLIO
15.23.5 RECENT DEVELOPMENTS
15.24 FLOTEK INDUSTRIES
15.24.1 COMPANY SNAPSHOT
15.24.2 REVENUE ANALYSIS
15.24.3 GEOGRAPHIC PRESENCE
15.24.4 PRODUCT PORTFOLIO
15.24.5 RECENT DEVELOPMENTS
15.25 SPOC AUTOMATION
15.25.1 COMPANY SNAPSHOT
15.25.2 REVENUE ANALYSIS
15.25.3 GEOGRAPHIC PRESENCE
15.25.4 PRODUCT PORTFOLIO
15.25.5 RECENT DEVELOPMENTS
15.26 RIMERA GROUP
15.26.1 COMPANY SNAPSHOT
15.26.2 REVENUE ANALYSIS
15.26.3 GEOGRAPHIC PRESENCE
15.26.4 PRODUCT PORTFOLIO
15.26.5 RECENT DEVELOPMENTS
15.27 PETROLIFT
15.27.1 COMPANY SNAPSHOT
15.27.2 REVENUE ANALYSIS
15.27.3 GEOGRAPHIC PRESENCE
15.27.4 PRODUCT PORTFOLIO
15.27.5 RECENT DEVELOPMENTS
15.28 BCP GROUP
15.28.1 COMPANY SNAPSHOT
15.28.2 REVENUE ANALYSIS
15.28.3 GEOGRAPHIC PRESENCE
15.28.4 PRODUCT PORTFOLIO
15.28.5 RECENT DEVELOPMENTS
15.29 OCCIDENTAL PETROLEUM
15.29.1 COMPANY SNAPSHOT
15.29.2 REVENUE ANALYSIS
15.29.3 GEOGRAPHIC PRESENCE
15.29.4 PRODUCT PORTFOLIO
15.29.5 RECENT DEVELOPMENTS
15.3 CHAMPIONX
15.30.1 COMPANY SNAPSHOT
15.30.2 REVENUE ANALYSIS
15.30.3 GEOGRAPHIC PRESENCE
15.30.4 PRODUCT PORTFOLIO
15.30.5 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
16 CONCLUSION
17 RELATED REPORTS
18 ABOUT DATA BRIDGE MARKET RESEARCH
Global Artificial Lift Systems Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Artificial Lift Systems Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Artificial Lift Systems Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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