The Pump Jack market size will grow from USD 2.89 Billion in 2017 to USD 3.86 Billion by 2023, at an estimated CAGR of 4.92%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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Increasing matured oil fields and large number of stripper wells in North America along with improving crude oil production from these mature wells, have been a subject of focus around major oil producing regions, owing to oil price downturn. The report segments the pump jack market, on the basis of vertical well and horizontal well type. The vertical well segmented accounted for the largest market share in 2017, driven by the demand from the North American market. Pump jack is the most commonly employed, low cost installation, and efficient method in vertical wells. Pump jacks in horizontal wells is still a challenging task. The application of pump jacks is also limited in the horizontal well market.
By Market Players:
Schlumberger Limited , General Electric Company , Weatherford International , Halliburton , Dover Corporation , Borets International , Tenaris S.A. , National Oilwell Varco , Hess Corporation , Star Hydraulics , Dansco Manufacturing, Inc , Pentag Gears & Oilfield Equipment, Ltd , L S Petrochem Equipment Corporation , Cook Pump Company,
By Well Type
Vertical Well , Horizontal Well,
Less Than 100,000 lbs, 100,000 lbs to 300,000 lbs, More Than 300,000 lbs,
Onshore , Offshore,
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
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