Global Pump Jack Market Size By End-Use Industry & Country 2018–2023
The Pump Jack market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
(EMAILWIRE.COM, June 19, 2018 ) GLOBAL PUMP JACK MARKET was valued at USD 2.87 Billion for the year 2017. Pump Jack Market is further expected to grow at a CAGR of 5.11% from 2018 to reach USD 3.87 Billion by the year 2023. North America region holds the highest market share in 2017. The North America region is also considered as the fastest growing market in the forecasted period. U.S. is the major market in 2017 at country level and it is also further anticipated to grow at a steady pace in the next 5 years.
Halliburton (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), General Electric Company (U.K.), are some of the top players in the Pump Jack Market with Weatherford International, PLC holding a substantial market share in 2017. Better global reach, at operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
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Drivers:
Increasing number of oil fields and simplicity of operation in onshore applications
Restraints:
High maintenance cost
Opportunities:
Introduction of remotely monitoring systems for pump jack activities
Challenges:
High costs for the recovery of oil from wells using pump jack rods
The segmentation done on the basis of well type include Horizontal Well and Vertical Well of which the Vertical Well segment is expected to hold the highest market share during the forecast period.
Segmentation done on the basis of Application includes offshore and onshore segment of which onshore segment is expected to grow at the highest CAGR during the forecasted period.
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Key Benefits for Stakeholders
Pump Jack Manufacturers & Distributors
Oil companies
Government bodies
End use industries
Regulatory bodies and policy makers
Onshore logistics authorities
By Well Type
Horizontal Well
Vertical Well
By Application
Offshore
Onshore
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
General Electric Company
Halliburton
Weatherford International
Borets International
Schlumberger Limited
Hess Corporation
National Oilwell Varco
Tenaris S.A
Star Hydraulics
Pentag Gears & Oilfield Equipment, Ltd
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At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
For information, contact:
Tel: USA +1-815-957-4373
Email: sales@prominentmarketresearch.com
Halliburton (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), General Electric Company (U.K.), are some of the top players in the Pump Jack Market with Weatherford International, PLC holding a substantial market share in 2017. Better global reach, at operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
Get Discount at https://www.prominentmarketresearch.com/discount-report/34286
Drivers:
Increasing number of oil fields and simplicity of operation in onshore applications
Restraints:
High maintenance cost
Opportunities:
Introduction of remotely monitoring systems for pump jack activities
Challenges:
High costs for the recovery of oil from wells using pump jack rods
The segmentation done on the basis of well type include Horizontal Well and Vertical Well of which the Vertical Well segment is expected to hold the highest market share during the forecast period.
Segmentation done on the basis of Application includes offshore and onshore segment of which onshore segment is expected to grow at the highest CAGR during the forecasted period.
Ask for a Sample Report at https://www.prominentmarketresearch.com/sample-report/34286
Key Benefits for Stakeholders
Pump Jack Manufacturers & Distributors
Oil companies
Government bodies
End use industries
Regulatory bodies and policy makers
Onshore logistics authorities
By Well Type
Horizontal Well
Vertical Well
By Application
Offshore
Onshore
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
General Electric Company
Halliburton
Weatherford International
Borets International
Schlumberger Limited
Hess Corporation
National Oilwell Varco
Tenaris S.A
Star Hydraulics
Pentag Gears & Oilfield Equipment, Ltd
Buy Now Report at https://www.prominentmarketresearch.com/checkout/34286
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
For information, contact:
Tel: USA +1-815-957-4373
Email: sales@prominentmarketresearch.com
Contact Information:
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
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Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results