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Pump jack market forecast to 2021 published by leading research firm

Industrial Market Research

The report provides a picture of the pump jack market across its different segments and regions. It aims at estimating the market size and future growth potential of this market, by value. Furthermore, the report also includes in-depth competitive analyses of the key players in the market along with their company profiles,

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Pump Jack Market by type 2017-2021 by new Service spreads across 151 pages profiling 15 companies and supported with 78 tables and 37 figures available at 

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“The pump jack market is projected to grow at a CAGR of 4.88%, from 2017 to 2022.”

The pump jack market is projected to reach USD 3.63 billion by 2022, growing at a CAGR of 4.88%, from 2017 to 2022. The pump jack is used as an artificial method to produce crude oil from stripper wells and matured oil fields.

Approximately two-thirds of the producing oil wells, globally use pump jack for artificially lifting oil from matured wells. Low cost installation, efficiency, and ease of operation makes pump jacks widely accepted in onshore applications.

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Moderate to high maintenance cost along with limited offshore in oil fields, are constraints for the pump jack market.

“Vertical Well: The largest and fastest growing well type segment of the pump jack market”

The vertical well segment constitutes the largest segment of the pump jack market, by well type, in terms of value. The vertical well is estimated to be the fastest growing segment due to pump jack’s limited application in the horizontal well segment.

The vertical drilling is the oldest drilling methods used to extract oil to the surface and the majority of wells drilled for oil production, are vertically oriented. Most of these require pump jacks to produce liquid hydrocarbons.

Rising number of matured fields along with increasing energy demands from emerging economics, would drive the pump jack market.

Pump Jack Market By Well Type
Vertical Well
Horizontal Well 

Pump Jack Market By Weight
Market Analysis
Less Than 100,000 lbs
100,000 lbs to 300,000 lbs
More Than 300,000 lbs

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Target Audience:

The report’s target audience includes:

  • Pump jack manufacturer
  • National oil companies
  • International oil companies
  • Onshore platform operators
  • Associations and industry bodies
  • Consulting companies dealing with the artificial lift industry
  • Onshore logistics authorities

Fundamentals of Table of Content:

8 Pump Jack Market By Application
8.1 Introduction
8.2 Onshore
8.3 Offshore

11 Company Profiles

(Business Overview, Products & Services, Market Developments)
11.1 Introduction
11.2 Schlumberger Limited
11.3 General Electric Company
11.4 Weatherford International
11.5 Halliburton
11.6 Dover Corporation
11.7 Borets International
11.8 Tenaris S.A.
11.9 National Oilwell Varco
11.10 Hess Corporation
11.11 Star Hydraulics
11.12 Dansco Manufacturing, Inc
11.13 Pentag Gears & Oilfield Equipment, Ltd
11.14 L S Petrochem Equipment Corporation
11.15 Cook Pump Company 

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies. 

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