Pump Jack Market Share, Size 2019 Movements by Global Trend Analysis, Growth Status, Revenue Expectation to 2023 | Says Absolutereports.com

Posted on Oct 21 2019 8:39 AM

"Pump Jack-Global Market Status and Trend Report 2019-2023 offers a comprehensive analysis on Pump Jack industry, standing on the readers’ perspective, delivering detailed market data and penetrating insights. "

Global “Pump Jack market” 2019-2023 report offers a complete evaluation of this market, highlighting the growth boosters, obstructions, future prospects, and the changing competitive aspect of this market. It also obtains the most prominent market trends and the current and previous performance of this market in order to determine its status in the near future.

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Pump Jack Market analysts forecast the global Pump Jack market to grow at a CAGR of almost 5% during the period 2019-2023.

Pump jack is a mechanical device that is used to extract petroleum from an oil well. Our 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 Segment by Manufacturers includes:

  • Baker Hughes
  • a GE Co. LLC
  • Pentag Gears & Oilfield Equipment Ltd.
  • Schlumberger Ltd.
  • Shandong Shenyu Mechanical Manufacture Co. Ltd.
  • and Weatherford International Plc.

and many more.

Pump Jack Market Segment by Regions includes: North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America, Middle East and Africa.

Market Driver: benefits of pump jacks

Market Trend: innovations in pump jack units

Market Challenge: growing adoption of alternative lift techniques.

Benefits of pump jacks

Pump jacks extends 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 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.

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Key questions answered in this report

  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

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Table of Contents

TOC of Keyword Market Report

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Onshore - Market size and forecast 2018-2023
Offshore - Market size and forecast 2018-2023
Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges

PART 11: MARKET TRENDS
Innovations in pump jack units
Declining cost of raw materials
Maximizing crude oil recovery through reservoir analysis

PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

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