A pump jack is a device used in the petroleum industry to extract crude oil from a 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.
The use of pump jack is limited to onshore application with very less use in offshore application, due to large space footprint. Onshore fields offer the requisite surface area and well spacing for the installation of pump jacks. Moreover, onshore fields allow for easy maintenance and repair, as they are easily accessible or well connected to monitoring facilities.
The market in North America led the pump jack market, with the largest market share, by value, in 2017, and this trend is projected to continue till 2023. The market in Asia-Pacific will also play an important role in driving the demand for pump jacks.
The North American market is expected to grow at the highest CAGR during the forecast period. This growth is due to abundance of stripper wells in the U.S. and increasing number of mature oil fields which are near to the end of its economic life.
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The global Pump Jack market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Pump Jack volume and value at global level, regional level and company level. From a global perspective, this report represents overall Pump Jack market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Pump Jack Market report are Schlumberger, General Electric, Weatherford International, Halliburton, Dover, Borets, Tenaris, National Oilwell Varco, Hess and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Pump Jack Market Overview
2 Global Pump Jack Market Competition by Manufacturers
3 Global Pump Jack Production Market Share by Regions
4 Global Pump Jack Consumption by Regions
5 Global Pump Jack Production, Revenue, Price Trend by Type
6 Global Pump Jack Market Analysis by Applications
7 Company Profiles and Key Figures in Pump Jack Business
8 Pump Jack Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Pump Jack Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source