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Pump Jack Market Potential Growth, Share, Demand And Analysis Of Key Players

By Author: Akshay
Total Articles: 23

The pump jack market is expected to grow from an estimated USD 2.86 Billion in 2017 to USD 3.63 Billion by 2022, at a CAGR of 4.88%. Increasing onshore maturing oil fields are driving the pump jack market. Low oil prices in the past couple of years has made it even more difficult to maintain low production mature reserves, driving companies to accelerate pump jack plans for such oil fields.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top service providers in the pump jack market. These players includes Schlumberger Limited (U.S.), Tenaris S.A. (Luxembourg), Borets International (U.A.E.), General Electric Oil & Gas (U.K.), Weatherford International, PLC (Switzerland), and Dover Corporation (U.S.), among others.
Get Sample Copy of Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=150633943
Scope of the Report:
By Well Type

Vertical Well
Horizontal Well

By Application

Onshore
Offshore

By Weight

Less than 100,000 lbs
100,000 lbs–300,000 lbs
More than 300,000 lbs

By Region

North America
Asia-Pacific
Middle East & Africa
Europe
Central & South America

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150633943
Objectives of the Study

To define, describe, and forecast the global pump jack market by well type, application, weight, and region, in terms of value
To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of pump jack market
To strategically analyse the market with respect to individual growth trends, future prospects, and the contribution of each segment to the pump jack market
To strategically profile key players and comprehensively analyse their market shares and core competencies
To track and analyse competitive developments, such as contracts & agreements, expansions and investments, new product launches, and mergers & acquisitions of this market

To speak to our analyst for a discussion on the above findings, click Speak to Analyst
North America: The largest market for pump jack
The market in North America was the largest market, by value, for pump jack in 2016, driven largely by activities in the offshore industries of the U.S. and Canada. The offshore industries in these two regions, leads other regions in terms of well-developmentCompanies in the region are taking active steps in drilling, in onshore mature oil fields by low cost installation and ease of operation.The market in the U.S. Gulf of Mexico is the second largest market, closely behind Europe, with a large number of mature wells drilled by pump jack, each year.
Related Report:
Top 10 Pumps and Motors Market Pumps (Intelligent Pump, High Pressure Pump, Cryogenic Pump, Diaphragm Pump, Submersible Pump), Motors (Gear Motor, Permanent Magnet Synchronous, Motor Control Center, Motor Soft Starter, & AC Drives) - Global Forecast to 2021
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
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Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

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