The new report by Expert Market Research titled, ‘Global Pump Jack Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global pump jack market, assessing the market based on its segments like well type, weight, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/pump-jack-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 3.4 Billion
- Forecast CAGR (2021-2026): 4.94%
- Forecast Market Size (2026): USD 4.5 Billion
The global market for pump jack is primarily driven by the rising demand for crude oil. Additionally, the demand of pump jack is augmented by the increase owing to the number of mature oilfields globally. A pump jack is an alternative for primary and secondary oil recovery techniques, being convenient and of low-cost. Meanwhile, the growth can be potentially impeded by certain restrictions on the pump jack market. For deep and ultra-deep wells, pump jacks are not applicable, and they are generally not considered for offshore applications. It is expected that these limitations might hamper the pump jack market.
Industry Definition and Major Segments
A pump jack, used in an oil well, is a reciprocal piston motor. Since, sub-surface liquids (i.e., oil and water) cannot reach the ground if the bottom-hole pressure in an oil well is inadequate, a pump jack is used to lift the oil out of an oil well manually.
Explore full report with table of contents: https://www.expertmarketresearch.com/reports/pump-jack-market
Based on well type, the industry is divided into:
- Vertical Well
- Horizontal Well
Based on weight, the industry is segmented into:
- Less than 100,000 lbs
- 100,000 lbs. to 300,000 lbs
- More Than 300,000 lbs
Based on application, the industry is broadly divided into:
- Onshore
- Offshore
The regional markets for pump jack include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Regionally, North America holds the largest market share by value and is estimated to grow during the forecast period as major exporter of raw petroleum because of the ongoing advancements of shale oil. Moreover, the technological innovation in artificial lifting apparatus aids the growth in this region. By application, the onshore segment is projected to be the largest segment in the pump jack industry. This trend can be attributed to the presence of more mature fields on land than in sea and these fields offer superior suitability for the installation of pump jack.
Key Market Players
The major players in the market are Schlumberger Limited (NYSE: SLB), General Electric Company, Weatherford International, Halliburton Company, Dover Corporation, Borets International Ltd, and Tenaris S.A., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Fuel Dispenser Market: https://www.expertmarketresearch.com/reports/fuel-dispenser-market
United States Industrial Boiler Market: https://www.expertmarketresearch.com/reports/united-states-industrial-boiler-market
Oilfield Services Market: https://www.expertmarketresearch.com/reports/oilfield-services-market
PDC Drill Bits Market: https://www.expertmarketresearch.com/reports/pdc-drill-bits-market
Smart Electric Meter Market: https://www.expertmarketresearch.com/reports/smart-electric-meter-market
Artificial Lift Market: https://www.expertmarketresearch.com/reports/artificial-lift-market
Oil and Gas Drill Bit Market: https://www.expertmarketresearch.com/reports/oil-and-gas-drill-bit-market
Wireline Services Market: https://www.expertmarketresearch.com/reports/wireline-services-market
Energy Management Systems Market: https://www.expertmarketresearch.com/reports/energy-management-systems-market
Industrial Oven Market: https://www.expertmarketresearch.com/reports/industrial-oven-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
Read More: https://expertmarketresearch-emr.blogspot.com/
**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Explore more on Procurement Intelligence services of EMR Inc.
0 Comments:
Post a Comment