The report on global Pump Jack Market covers an analytical view of the market performance by key leading countries/regions. In a detailed research methodology – wise, the Pump Jack analysis with various aspects corresponding to the Global market of Energy Equipment & Services Sector. To start with, the Pump Jack market definition, applications, classification, and Pump Jack industry value chain structure are included in the report, to update target audience on binding Pump Jack market dynamics including drivers, restraints, threats, opportunities, trends, applications, geographical/regional Pump Jack markets, and competitive landscape. Researcher project Pump Jack market to grow at a CAGR of 4.48% during the period 2019-2023.
Global Pump Jack Market: About this market
Pump jack is a mechanical device that is used to extract petroleum from an oil well. Researcher’s pump jack market analysis considers sales from both onshore and offshore segment. Our analysis also considers the sales of pump jack in APAC, Europe, MEA, North America, and South America. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing investments will play a significant role in the onshore segment to maintain its market position. Also, our global pump jack market report looks at factors such as benefits of pump jacks, rising global energy demand, and increasing upstream investment. However, growing adoption of alternative lift techniques, adoption of alternative energy sources, and fluctuations in price of oil and gas may hamper the growth of the pump jack industry over the forecast period.
Pump Jack Market Trend, Challenge and Driver: –
Global Pump Jack Market Overview
- Benefits of pump jacks
- Pump jacks extend the life of oil wells by recovering the significant quantity of hydrocarbons. The installation of pump jacks reduces the labor cost as they can be remotely monitored. The operational benefits of pump jacks have increased the demand for them across the globe. Such benefits of pump jacks will lead to the expansion of the global pump jack market at a CAGR of almost 5% during the forecast period.
- Innovations in pump jack units
- Mechanical wear is a major challenge faced by pump jacks which leads to inefficient lifting operations and high workover costs. Companies have developed a curved beam pumping unit and brake assist feature which will enhance the efficiency and safety of pump jacks. This development is expected to have a positive impact on the overall market growth.
- For the detailed list of factors that will drive the global pump jack market during the forecast period 2019-2023, click here.
- With the presence of several major players, the global pump jack market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pump jack manufacturers, that include Baker Hughes, a GE Co. LLC, Pentag Gears & Oilfield Equipment Ltd., Schlumberger Ltd., Shandong Shenyu Mechanical Manufacture Co. Ltd., and Weatherford International Plc.
- Also, the pump jack market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Pump Jack market potential is analyzed for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, demand and present scenarios in Pump Jack industry. Further, the Pump Jack market report focuses on global major leading industry players with information.
List of Key vendors operating in Pump Jack market space are-
Baker Hughes, a GE Co. LLC, Pentag Gears & Oilfield Equipment Ltd., Schlumberger Ltd., Shandong Shenyu Mechanical Manufacture Co. Ltd., Weatherford International Plc.
Pump Jack market is likely to grow at a CAGR of 4.48% during the period 2019-2023 by top key players worldwide.
In the Pump Jack Market research report, market opportunities, market risk, and market overview are enclosed along with an in-depth study of each point. Production of the Pump Jack is analyzed with respect to various regions, types, and applications. The sales, revenue, and price analysis by types and applications of Pump Jack market
Major Classifications for Pump Jack Market:
Split by type & application, this report focuses on consumption, market share and growth rate of Pump Jack in each type & application can be divided into:
- Type 1, Type2 and many more.
- Application 1, Application 2 and many more.
Geographic Segmentation of Pump Jack Market: North America (The United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Key Benefits of Pump Jack Market:
- This report provides a quantitative analysis of the current trends and estimations from 2019 to 2023 of the global Pump Jack market to identify the prevailing market opportunities.
- Comprehensive analysis of factors that drive and restrict the Pump Jack market growth is provided.
- Key players and their major developments in recent years are listed.
- The Pump Jack research report presents an in-depth analysis of current research & clinical developments within the market with key dynamic factors.
- Major countries in each region are covered according to individual market revenue.
- CAGR of 4.48% of the Pump Jack market during the forecast period 2019-2023
Table of Contents included in Pump Jack Market Report –
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction- Market outline
PART 05: Market landscape – Market overview, Market size and forecast, Five forces analysis
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical segmentation – Pump Jack market in APAC, Europe, North America & ROW
PART 09: A Decision framework
PART 10: Drivers and challenges – Market drivers, Market challenges
PART 11: Market trends – Rising variety, Increasing use of Pump Jacks
PART 12: Vendor landscape – Competitive scenario, Other prominent vendors
PART 13: Key vendor analysis
PART 14: Appendix
List of abbreviations & Exhibits Click Here
Name: Mr. Ajay More
Email: [email protected]
Organization: 360 Market Updates
Phone: +44 20 3239 8187/ +1 424 253 0807