Pump Jack Market Growth with Worldwide Industry Analysis to 2022

1
Pump Jack Market by Well Type, Application,
Weight, and Region - Global Trends and Forecast
to 2022
www.MarketsandMarkets.com
2
According to the new market research report "Pump
Jack Market by Well Type (Vertical and
Horizontal), Application (Onshore and Offshore),
Weight (Less Than 100,000 Lbs, 100,000 Lbs to
300,000 Lbs, and More Than 300,000 Lbs), and by
Region - Global Trends and Forecast to 2022",
published by MarketsandMarkets, 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. Dont
miss out on business opportunities in Pump Jack
Market. Download PDF Brochure and gain crucial
industry insights that will help your business
grow https//www.marketsandmarkets.com/pdfdownloa
dNew.asp?id150633943
3
The onshore sub-segment is estimated to have the
highest growth rate in the pump jack market, by
application. Based on application, the market has
been segmented into onshore and offshore
segments. The application of pump jack in onshore
is estimated to lead the market, both in terms of
market value and growth. The onshore basins in
North America Eagleville (Texas), Spraberry
(Texas), and Prudhoe Bay (Alaska) plays a major
role in driving the pump jack market. Onshore oil
drilling is typically less expensive compared to
offshore and a majority of the old and ageing
mature wells are in onshore oil fields. Thus, the
market for pump jack will be the largest in
onshore. Browse and in-depth TOC on "Pump Jack
Market" 78 - Tables 37 - Figures 151 - Pages
View more detailed TOC _at_ https//www.marketsandm
arkets.com/Market-Reports/pump-jack-market-1506339
43.html
4
Vertical well The largest segment of the pump
jack market, by well type The pump jack market
has been segmented by well type, weight,
application, and region. The market has been
further segmented, by well type, into vertical
well and horizontal well. The vertical well
segment accounted for the largest share of the
market in 2016, and is also projected to grow at
the fastest pace during the forecast period.
Vertical well involves the safe production or
exploration wells and is one of the biggest and
most critical activities in any drilling project.
Pump jacks are highly suitable for vertical wells
as they include a sucker rod assembly that
functions efficiently in a vertical trajectory.
The market for vertical well is estimated to grow
at the fastest pace among both the well
types. Request for Free Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id150633943

5
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-development. Companies 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. Speak to Analyst _at_ https//www.marke
tsandmarkets.com/speaktoanalystNew.asp?id15063394
3
6

• Target Audience
• 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

7

• Key players -
• 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),
• Dover Corporation (U.S.), etc.
• Buy Now _at_
• https//www.marketsandmarkets.com/Purchase/purchas
  e_reportNew.asp?id150633943

8
ContactMr. Shelly SinghMarketsandMarkets
INC.630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 UK
44-800-368-9399Email sales_at_marketsandmarkets.com