The Global Pump Jack Market was valued at USD 2.81 billion in 2016 and is projected to reach USD 4.33 billion by 2025, growing at a CAGR of 4.92% from 2017 to 2025.
A pump jack is a device used in the petroleum industry to extract crude oil from oil well where there is not high enough pressure in the well to force the oil to the surface. These pump jacks physically extract the oil for use. Pump jacks operate by creating something known as artificial lift. Benefits of using pump jack include - versatile, safe, inexpensive, and easily adjustable.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing matured oil fields and large number of stripper wells
1.2 Low cost installation
1.3 Ease of operation in onshore applications
2. Market Restraints
2.1 High maintenance cost
2.2 Limited offshore in oil fields
Market Segmentation:
The Global Pump Jack Market is segmented on the weight, well type, application, and region.
1. Weight:
1.1 Less than 100,000 lbs
1.2 100,000 lbs-300,000 lbs
1.3 More than 300,000 lbs
2. By Well Type:
2.1 Horizontal Well
2.2 Vertical Well
3. By Application:
3.1 Onshore
3.2 Offshore
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. General Electric Company
2. Halliburton
3. Borets International
4. National Oilwell Varco
5. Star Hydraulics
6. Pentag Gears & Oilfield Equipment, Ltd
7. Cook Pump Company
8. Schlumberger Limited
9. Weatherford International
10. Dover Corporation
11. Tenaris S.A.
12. Hess Corporation
13. Dansco Manufacturing, Inc
14. L S Petrochem Equipment Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Pump Jack Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL PUMP JACK MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL PUMP JACK MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL PUMP JACK MARKET , BY WEIGHT
5.1 Overview
5.2 Less than 100,000 lbs
5.3 100,000 lbs-300,000 lbs
5.4 More than 300,000 lbs
6 GLOBAL PUMP JACK MARKET , BY WELL TYPE
6.1 Overview
6.2 Horizontal Well
6.3 Vertical Well
7 GLOBAL PUMP JACK MARKET , BY APPLICATION
7.1 Overview
7.2 Onshore
7.3 Offshore
8 GLOBAL PUMP JACK MARKET , BY GEOGRAPHY
8.1 Overview
8.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
8.5.1 Brazil
8.5.2 Argentina
8.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
9 GLOBAL PUMP JACK MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Share
9.3 Vendor Landscape
9.4 Key Development Strategies
10 COMPANY PROFILES
10.1 General Electric Company
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Halliburton
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Borets International
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 National Oilwell Varco
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Star Hydraulics
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Pentag Gears & Oilfield Equipment, Ltd
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Cook Pump Company
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Schlumberger Limited
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Weatherford International
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Dover Corporation
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
10.11 Tenaris S.A.
10.11.1 Overview
10.11.2 Financial Performance
10.11.3 Product Outlook
10.11.4 Key Developments
10.12 Hess Corporation
10.12.1 Overview
10.12.2 Financial Performance
10.12.3 Product Outlook
10.12.4 Key Developments
10.13 Dansco Manufacturing, Inc
10.13.1 Overview
10.13.2 Financial Performance
10.13.3 Product Outlook
10.13.4 Key Developments
10.14 L S Petrochem Equipment Corporation
10.14.1 Overview
10.14.2 Financial Performance
10.14.3 Product Outlook
10.14.4 Key Developments
11 Appendix
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