Pump Jack Market Research Report - Global Forecast till 2025

ID: MRFR/E&P/6972-HCR | December, 2019 | Region: Global | 111 pages

Global Pump Jack Market Research Report: Information by Product (Vertical Well and Horizontal Well), Weight (Less Than 100,000 lbs, 100,000 lbs to 300,000 lbs and More Than 300,000 lbs), Application (Onshore and Offshore) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025

Market Scenario

A pump jack system is used to extract crude oil from the oil well, if there is not enough bottom hole pressure, and pumps the oil to the surface. A pump jack is mainly used for onshore wells, which produce limited amounts of oil. Pump jacks generally operate by creating artificial lift. This artificial lift creating process increases the pressure within an oil well to pull oil to the surface.

The Global Pump Jack Market size is projected to reach USD 4,281.0 Million by 2025 from an estimated USD 3,190.0 Million, with 5.02% CAGR from 2019 to 2025.

The primary drivers behind the growing pump jack industry include increasing matured oil fields and various advantages of pump jacks in the primary recovery of hydrocarbons. For instance, pump jacks are capable of extending the life of oil wells by recovering a significant quantity of hydrocarbons from the well. Moreover, these devices are also beneficial for extracting the oil from the wells where reservoir pressure is not high enough to bring crude oil to the surface. Such benefits are likely to increase the adoption of pump jacks in oilfield operations. Moreover, many companies are also offering pump jack rentals, which is expected to boost the overall pump jack market during the forecast period.

The global pump jack market is projected to grow at a high rate during the forecast period. North America has many matured wells, and the improving crude oil production from these wells will drive the pump jack market in the region as pump jacks are an integral part of the entire oil extraction process. However, pump jacks are only used for onshore applications and have limited offshore applications, which could hinder the global pump jack market.

Major players are engaged in manufacturing pump jacks that are highly efficient and provide significant benefits to oilfield operators. Pumpjack manufacturers are continually designing innovative devices, including pump jack to eliminate oilfield hazards. Moreover, these key players have manufactured curved beam pumping units in line with advanced pump jack devices, which eliminate technical challenges such as mechanical wear & tear, inefficient pumping, and risks in oil fields. Such innovations by the pump jack manufacturers are likely to drive the pump jack market.

The global pump jack market has been segmented based on well type, weight, and application. Based on well type, the global market is divided into vertical well and horizontal well. The vertical well segment is set to dominate the global market owing to the increasing demand for crude oil driven in North America. Moreover, this segment is poised to grow with a high CAGR during the forecast period. This is because pump jacks are commonly used in vertical wells with efficient and low-cost installation methods.

The Global Pump Jack Market is expected to grow at 5.02% CAGR during the forecast period.

Market Segmentation

The market is expected to witness high growth during the forecast period owing to the increasing number of matured oilfields.

By region, the pump jack market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. The US Energy Information Agency (EIA) reported an increase in oil production in the US in 2017 due to high oil prices, which led to an increase in oil exploration. The increasing oil exploration is expected to boost the market for pump jacks in North America as it helps extract the oil out of the well.

Key Players

The key players operating in the Global Pump Jack Market are Schlumberger Limited (US), Weatherford International (US), Dover Corporation (US), Tenaris S.A. (Luxembourg), Hess Corporation (US), Dansco Manufacturing, Inc (US), L S Petrochem Equipment Corporation (US), Pentag Gears & Oilfield Equipment, Ltd (UK), Star Hydraulics (UK), National Oilwell Varco (US), Borets International (UAE), Halliburton (US), and General Electric Company (US).

Intended Audience

Government and research organization

Manufacturing companies of Pump Jacks

Investors and shareholders

Oilfield operators

Table of Contents

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

3. Research Methodology

3.1. Primary Research

3.2. Secondary Research

3.3. Market Size Estimation

3.4. Forecast Model

3.5. List of Assumptions

3.6. Limitations of the Study

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Market Drivers

5.3. Market Restraints

5.4. Market Opportunities

5.5. Value Chain/Supply Chain Analysis

5.6. Porter’s Five Forces Analysis

5.6.1. Threat of New Entrants

5.6.2. Bargaining Power of Buyers

5.6.3. Bargaining Power of Suppliers

5.6.4. Threat of Substitutes

5.6.5. Competitive Rivalry

6. Global Pump Jack Market, by Well Type

6.1. Introduction

6.2. Vertical Well

6.2.1. Vertical Well: Market Estimates & Forecast, by Region/Country, 2019–2025

6.3. Horizontal Well

6.3.1. Horizontal Well: Market Estimates & Forecast, by Region/Country, 2019–2025

7. Global Pump Jack Market, by Weight

7.1. Introduction

7.2. Less Than 100,000 lbs

7.2.1. Less Than 100,000 lbs: Market Estimates & Forecast, by Region/Country, 2019–2025

7.3. 100,000 lbs to 300,000 lbs

7.3.1. 100,000 lbs to 300,000 lbs: Market Estimates & Forecast, by Region/Country, 2019–2025

7.4. More Than 300,000 lbs

7.4.1. More Than 300,000 lbs: Market Estimates & Forecast, by Region/Country, 2019–2025

8. Global Pump Jack Market, by Application

8.1. Introduction

8.2. Onshore

8.2.1. Onshore: Market Estimates & Forecast, by Region/Country, 2019–2025

8.3. Offshore

8.3.1. Offshore: Market Estimates & Forecast, by Region/Country, 2019–2025

9. Global Pump Jack Market, by Region

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, by Country, 2019–2025

9.2.2. Market Estimates & Forecast, by Well Type, 2019–2025

9.2.3. Market Estimates & Forecast, by Weight, 2019–2025

9.2.4. Market Estimates & Forecast, by Application, 2019–2025

9.2.5. US

9.2.5.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.2.5.2. Market Estimates & Forecast, by Weight, 2019–2025

9.2.5.3. Market Estimates & Forecast, by Application, 2019–2025

9.2.6. Canada

9.2.6.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.2.6.2. Market Estimates & Forecast, by Weight, 2019–2025

9.2.6.3. Market Estimates & Forecast, by Application, 2019–2025

9.2.7. Mexico

9.2.7.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.2.7.2. Market Estimates & Forecast, by Weight, 2019–2025

9.2.7.3. Market Estimates & Forecast, by Application, 2019–2025

9.3. Europe

9.3.1. Market Estimates & Forecast, by Country, 2019–2025

9.3.2. Market Estimates & Forecast, by Well Type, 2019–2025

9.3.3. Market Estimates & Forecast, by Application, 2019–2025

9.3.4. UK

9.3.4.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.3.4.2. Market Estimates & Forecast, by Weight, 2019–2025

9.3.4.3. Market Estimates & Forecast, by Application, 2019–2025

9.3.5. France

9.3.5.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.3.5.2. Market Estimates & Forecast, by Weight, 2019–2025

9.3.5.3. Market Estimates & Forecast, by Application, 2019–2025

9.3.6. Germany

9.3.6.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.3.6.2. Market Estimates & Forecast, by Weight, 2019–2025

9.3.6.3. Market Estimates & Forecast, by Application, 2019–2025

9.3.7. Italy

9.3.7.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.3.7.2. Market Estimates & Forecast, by Weight, 2019–2025

9.3.7.3. Market Estimates & Forecast, by Application, 2019–2025

9.3.8. Rest of Europe

9.3.8.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.3.8.2. Market Estimates & Forecast, by Weight, 2019–2025

9.3.8.3. Market Estimates & Forecast, by Application, 2019–2025

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, by Country, 2019–2025

9.4.2. Market Estimates & Forecast, by Well Type, 2019–2025

9.4.3. Market Estimates & Forecast, by Weight, 2019–2025

9.4.4. Market Estimates & Forecast, by Application, 2019–2025

9.4.5. China

9.4.5.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.4.5.2. Market Estimates & Forecast, by Weight, 2019–2025

9.4.5.3. Market Estimates & Forecast, by Application, 2019–2025

9.4.6. Japan

9.4.6.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.4.6.2. Market Estimates & Forecast, by Weight, 2019–2025

9.4.6.3. Market Estimates & Forecast, by Application, 2019–2025

9.4.7. India

9.4.7.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.4.7.2. Market Estimates & Forecast, by Weight, 2019–2025

9.4.7.3. Market Estimates & Forecast, by Application, 2019–2025

9.4.8. Rest of Asia-Pacific

9.4.8.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.4.8.2. Market Estimates & Forecast, by Weight, 2019–2025

9.4.8.3. Market Estimates & Forecast, by Application, 2019–2025

9.5. Middle East & Africa

9.5.1. Market Estimates & Forecast, by Country, 2019–2025

9.5.2. Market Estimates & Forecast, by Well Type, 2019–2025

9.5.3. Market Estimates & Forecast, by Weight, 2019–2025

9.5.4. Market Estimates & Forecast, by Application, 2019–2025

9.5.5. Saudi Arabia

9.5.5.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.5.5.2. Market Estimates & Forecast, by Weight, 2019–2025

9.5.5.3. Market Estimates & Forecast, by Application, 2019–2025

9.5.6. UAE

9.5.6.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.5.6.2. Market Estimates & Forecast, by Weight, 2019–2025

9.5.6.3. Market Estimates & Forecast, by Application, 2019–2025

9.5.7. South Africa

9.5.7.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.5.7.2. Market Estimates & Forecast, by Weight, 2019–2025

9.5.7.3. Market Estimates & Forecast, by Application, 2019–2025

9.5.8. Rest of Middle East & Africa

9.5.8.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.5.8.2. Market Estimates & Forecast, by Weight, 2019–2025

9.5.8.3. Market Estimates & Forecast, by Application, 2019–2025

9.6. South America

9.6.1. Market Estimates & Forecast, by Country, 2019–2025

9.6.2. Market Estimates & Forecast, by Well Type, 2019–2025

9.6.3. Market Estimates & Forecast, by Weight, 2019–2025

9.6.4. Market Estimates & Forecast, by Application, 2019–2025

9.6.5.

9.6.6. Brazil

9.6.6.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.6.6.2. Market Estimates & Forecast, by Weight, 2019–2025

9.6.6.3. Market Estimates & Forecast, by Application, 2019–2025

9.6.7. Argentina

9.6.7.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.6.7.2. Market Estimates & Forecast, by Weight, 2019–2025

9.6.7.3. Market Estimates & Forecast, by Application, 2019–2025

9.6.8. Rest of South America

9.6.8.1. Market Estimates & Forecast, by Well Type, 2019–2025

9.6.8.2. Market Estimates & Forecast, by Weight, 2019–2025

9.6.8.3. Market Estimates & Forecast, by Application, 2019–2025

10. Competitive Landscape

10.1. Competitive Scenario

10.2. Competitive Benchmarking of the Global Pump Jack Market

10.3. Major Growth Key Strategies in the Global Pump Jack Market

10.4. Market Share Analysis, 2018

10.5. XX: The Leading Player in Terms of Number of Developments in Global Pump Jack Market

10.6. New Well Type Development

10.7. Mergers and Acquisitions

10.8. Contracts and Agreements

10.9. Expansions and Investments

11. Company Profile

11.1. Schlumberger Limited (US)

11.1.1. Company Overview

11.1.2. Well Types/Services Offered

11.1.3. Financial Overview

11.1.4. Key Developments

11.1.5. Key Strategies

11.1.6. SWOT Analysis

11.2. Weatherford International (US)

11.2.1. Company Overview

11.2.2. Well Types/Services Offered

11.2.3. Financial Overview

11.2.4. Key Developments

11.2.5. Key Strategies

11.2.6. SWOT Analysis

11.3. Dover Corporation (US)

11.3.1. Company Overview

11.3.2. Well Types/Services Offered

11.3.3. Financial Overview

11.3.4. Key Developments

11.3.5. Key Strategies

11.3.6. SWOT Analysis

11.4. Tenaris S.A. (Luxembourg)

11.4.1. Company Overview

11.4.2. Well Types/Services Offered

11.4.3. Financial Overview

11.4.4. Key Developments

11.4.5. Key Strategies

11.4.6. SWOT Analysis]

11.5. Hess Corporation (US)

11.5.1. Company Overview

11.5.2. Well Types/Services Offered

11.5.3. Financial Overview

11.5.4. Key Developments

11.5.5. Key Strategies

11.5.6. SWOT Analysis

11.6. Dansco Manufacturing, Inc (US)

11.6.1. Company Overview

11.6.2. Well Types/Services Offered

11.6.3. Financial Overview

11.6.4. Key Developments

11.6.5. Key Strategies

11.7. L S Petrochem Equipment Corporation (US)

11.7.1. Company Overview

11.7.2. Well Types/Services Offered

11.7.3. Financial Overview

11.7.4. Key Developments

11.7.5. Key Strategies

11.8. Pentag Gears & Oilfield Equipment, Ltd (UK)

11.8.1. Company Overview

11.8.2. Well Types/Services Offered

11.8.3. Financial Overview

11.8.4. Key Developments

11.8.5. Key Strategies

11.9. Star Hydraulics (UK)

11.9.1. Company Overview

11.9.2. Well Types/Services Offered

11.9.3. Financial Overview

11.9.4. Key Developments

11.9.5. Key Strategies

11.10. National Oilwell Varco (US)

11.10.1. Company Overview

11.10.2. Well Types/Services Offered

11.10.3. Financial Overview

11.10.4. Key Developments

11.10.5. Key Strategies

11.11. Borets International (UAE)

11.11.1. Company Overview

11.11.2. Well Types/Services Offered

11.11.3. Financial Overview

11.11.4. Key Developments

11.11.5. Key Strategies

11.12. Halliburton (US)

11.12.1. Company Overview

11.12.2. Well Types/Services Offered

11.12.3. Financial Overview

11.12.4. Key Developments

11.12.5. Key Strategies

11.13. General Electric Company (US)

11.13.1. Company Overview

11.13.2. Well Types/Services Offered

11.13.3. Financial Overview

11.13.4. Key Developments

11.13.5. Key Strategies

12. Appendix

12.1. References

12.2. Related Reports

12.3. List of Abbreviations

List of Tables

Table 1 List of Assumptions

Table 2 Global Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 3 Global Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 4 Global Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 5 Global Pump Jack Market, by Region, 2019–2025, (USD Million)

Table 6 North America: Pump Jack Market, by Country, 2019–2025, (USD Million)

Table 7 North America: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 8 North America: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 9 North America: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 10 US: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 11 US: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 12 US: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 13 Canada: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 14 Canada: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 15 Canada: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 16 Mexico: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 17 Mexico: Pump Jack Market, by Weight 2019–2025, (USD Million)

Table 18 Mexico: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 19 Europe: Pump Jack Market, by Country, 2019–2025, (USD Million)

Table 20 Europe: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 21 Europe: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 22 Europe: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 23 UK: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 24 UK: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 25 UK: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 26 France: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 27 France: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 28 France: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 29 Italy: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 30 Italy: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 31 Italy: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 32 Germany: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 33 Germany: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 34 Germany: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 35 Rest of Europe: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 36 Rest of Europe: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 37 Rest of Europe: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 38 Asia-Pacific: Pump Jack Market, by Country, 2019–2025, (USD Million)

Table 39 Asia-Pacific: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 40 Asia-Pacific: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 41 Asia-Pacific: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 42 China: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 43 China: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 44 China: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 45 India: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 46 India: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 47 India: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 48 Japan: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 49 Japan: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 50 Japan: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 51 Rest of Asia-Pacific: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 52 Rest of Asia-Pacific: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 53 Rest of Asia-Pacific: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 54 Middle East & Africa: Pump Jack Market, by Country, 2019–2025, (USD Million)

Table 55 Middle East & Africa: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 56 Middle East & Africa: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 57 Middle East & Africa: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 58 Saudi Arabia: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 59 Saudi Arabia: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 60 Saudi Arabia: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 61 UAE: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 62 UAE: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 63 UAE: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 64 South Africa: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 65 South Africa: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 66 South Africa: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 67 Rest of the Middle East & Africa: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 68 Rest of the Middle East & Africa: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 69 Rest of the Middle East & Africa: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 70 South America: Pump Jack Market, by Country, 2019–2025, (USD Million)

Table 71 South America: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 72 South America: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 73 South America: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 74 Brazil: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 75 Brazil: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 76 Brazil: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 77 Argentina: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 78 Argentina: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 79 Argentina: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 80 Rest of South America: Pump Jack Market, by Well Type, 2019–2025, (USD Million)

Table 81 Rest of South America: Pump Jack Market, by Weight, 2019–2025, (USD Million)

Table 82 Rest of South America: Pump Jack Market, by Application, 2019–2025, (USD Million)

Table 83 Player 1: The Most Active Player in the Pump Jack Market

Table 84 Company 1: Well Type Offered

List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Pump Jack Market Share, by Well Type, 2018 (%)

Figure 9 Global Pump Jack Market, by Well Type, 2019–2025 (USD Million)

Figure 10 Global Pump Jack Market Share, by Weight, 2018 (%)

Figure 11 Global Pump Jack Market, by Weight, 2019–2025 (USD Million)

Figure 12 Global Pump Jack Market Share, by Application, 2018 (%)

Figure 13 Global Pump Jack Market Share (%), by Region, 2018

Figure 14 Global Pump Jack Market, by Region, 2019–2025 (USD Million)

Figure 15 North America: Pump Jack Market Share (%), 2018

Figure 16 North America: Pump Jack Market, by Country, 2019–2025 (USD Million)

Figure 17 Europe Pump Jack Market Share (%), 2018

Figure 18 Europe Pump Jack Market, by Country, 2019–2025 (USD Million)

Figure 19 Asia-Pacific Pump Jack Market Share (%), 2018

Figure 20 Asia-Pacific Pump Jack Market, by Country, 2019–2025 (USD Million)

Figure 21 Middle East & Africa Pump Jack Market Share (%), 2018

Figure 22 Middle East & Africa Pump Jack Market, by Country, 2019–2025 (USD Million)