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Global Pump Jack Market Is Expected To Reach $6.6 Billion By 2030- An Exclusive Market Research Report By Lucintel
Lucintel's latest study found that, the future of the global pump jack market looks promising with opportunities in the onshore and offshore markets. The global pump jack market is expected to reach an estimated $6.6 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are exploration and utilization of non-conventional oil and gas reserves, such as shale gas and tight oil, increasing prevalence of mature or aging oilfields globally, and surging global population and rapid industrialization.
In this market, vertical well and horizontal well are the major segments of pump jack market by well type.
Lucintel forecasts that vertical well will remain the larger segment over the forecast period because of the low-cost installation, along with growing awareness towards careful planning and management of operations in vertical wells.
Browse in depth TOC of the Pump Jack Market:
100 - Figures
150-Pages
Pump Jack Market is marked by presence of several big and small players. Tenaris, Halliburton Company, Schlumberger Limited, Borets International, General Electric ...
... Oil & Gas, Hess Corporation, Weatherford International, Rimera Group, Dansco Manufacturing, and Dover Corporation are the major suppliers in the pump jack market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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