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[ 英語タイトル ] 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


Product Code : MNMEP00108555
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Energy and Power
Study Area : Global
Report format : PDF
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[Report Description]

“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. 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.
“The North American market is expected to grow at the highest CAGR, from 2017 to 2022.”
The market in North America is the largest market, by value, for pump jack, followed by Asia-Pacific. The North American market is also projected to be the fastest growing market, during the forecast period, owing to mature oil & gas fields and large number of stripper wells particularly in the U.S. The market in North America is also estimated to see the highest growth in the market, as it focuses on increasing its crude oil production.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 60%, Tier 2- 30%, Tier 3- 10%
By Designation: C-Level- 60%, D-Level- 30%, Others- 10%
By Region: North America- 35%, Europe- 20% Asia-Pacific- 20%, Middle East & Africa- 15%, RoW- 10%
Note: The tier of the companies has been defined on the basis of their total revenue as of 2016: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = The leading players in the pump jack market includes Schlumberger Limited (U.S.), Halliburton (U.S.), General Electric Oil & Gas (U.K.), Weatherford International, PLC (Switzerland), Dover Corporation (U.S.), and Borets International (U.A.E.), among others.

Report Coverage
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, recent developments, competitive leadership mapping, and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders and new entrants in the market by providing them the closest approximations of the revenue numbers for the overall pump jack market and its sub-segments. This report will help stakeholders better understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 PUMP JACK MARKET, BY WELL TYPE 31
4.2 PUMP JACK MARKET, BY WEIGHT 32
4.3 NORTH AMERICAN PUMP JACK MARKET: COUNTRY AND WELL TYPE 32
4.4 PUMP JACK MARKET SHARE (VALUE), BY REGION, 2022 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
5.2.1 DRIVERS 36
5.2.1.1 Rising number of mature oil fields 36
5.2.1.2 Compatible with low, medium, and high volume wells 36
5.2.1.3 Increasing energy demand from emerging economies 37
5.2.2 RESTRAINTS 38
5.2.2.1 Large space footprint and limitation of application in offshore environments 38
5.2.2.2 Moderate to high maintenance cost 38
5.2.3 OPPORTUNITIES 39
5.2.3.1 New technology development for rising number of horizontal stripper wells 39
5.2.4 CHALLENGES 40
5.2.4.1 Application of pump jacks in horizontal wells 40
5.2.4.2 Potential substitutes such as ESPs, PCPs, and others 40
6 PUMP JACK MARKET, BY WELL TYPE 41
6.1 INTRODUCTION 42
6.2 VERTICAL WELL 43
6.3 HORIZONTAL WELL 44
7 PUMP JACK MARKET, BY WEIGHT 45
7.1 INTRODUCTION 46
7.2 MARKET ANALYSIS 47
7.2.1 LESS THAN 100,000 LBS 47
7.2.2 100,000 LBS TO 300,000 LBS 48
7.2.3 MORE THAN 300,000 LBS 49
8 PUMP JACK MARKET, BY APPLICATION 50
8.1 INTRODUCTION 51
8.2 ONSHORE 52
8.3 OFFSHORE 52
9 PUMP JACK MARKET, BY REGION 54
9.1 INTRODUCTION 55
9.2 NORTH AMERICA 56
9.2.1 U.S. 59
9.2.2 CANADA 60
9.3 EUROPE 61
9.3.1 RUSSIA 63
9.3.2 KAZAKHSTAN 64
9.3.3 REST OF EUROPE 65

9.4 ASIA-PACIFIC 66
9.4.1 CHINA 68
9.4.2 INDIA 69
9.4.3 INDONESIA 70
9.4.4 AUSTRALIA 71
9.4.5 REST OF ASIA-PACIFIC 72
9.5 CENTRAL & SOUTH AMERICA 73
9.5.1 VENEZUELA 75
9.5.2 BRAZIL 76
9.5.3 MEXICO 77
9.5.4 COLOMBIA 78
9.5.5 ECUADOR 79
9.5.6 REST OF CENTRAL & SOUTH AMERICA 80
9.6 MIDDLE EAST & AFRICA 81
9.6.1 ANGOLA 83
9.6.2 OMAN 84
9.6.3 NIGERIA 85
9.6.4 KUWAIT 86
9.6.5 SAUDI ARABIA 87
9.6.6 U.A.E. 88
9.6.7 REST OF THE MIDDLE EAST & AFRICA 89
10 COMPETITIVE LANDSCAPE 90
10.1 OVERVIEW 90
10.2 MARKET RANKING, 2016 91
10.2.1 COMPETITIVE SITUATION AND TRENDS 91
10.2.2 COMPETITIVE LEADERSHIP MAPPING 93
10.2.3 VISIONARY LEADERS 93
10.2.4 INNOVATORS 93
10.2.5 DYNAMIC DIFFERENTIATORS 93
10.2.6 EMERGING COMPANIES 93
10.3 COMPETITIVE LEADERSHIP MAPPING: PUMP JACK MARKET 94
10.4 COMPETITIVE BENCHMARKING 95
10.4.1 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS) 95
10.4.2 BUSINESS STRATEGY EXCELLENCE 96

11 COMPANY PROFILES 97
(Overview, Strength of Product Portfolio , Business Strategy Excellence , Products Offering, Recent Development’s, Business Strategy)*
11.1 GENERAL ELECTRIC OIL & GAS 97
11.2 SCHLUMBERGER LIMITED 101
11.3 WEATHERFORD INTERNATIONAL, PLC 105
11.4 HALLIBURTON COMPANY 109
11.5 NATIONAL OILWELL VARCO, INC. 112
11.6 BORETS INTERNATIONAL LIMITED 116
11.7 DOVER CORPORATION 119
11.8 TENARIS S.A. 124
11.9 PENTAG GEARS & OILFIELD EQUIPMENT, LTD. 129
11.10 DANSCO MANUFACTURING 131
11.11 STAR HYDRAULICS & PNEUMATICS, LLC 133
11.12 LS PETROCHEM EQUIPMENT CORPORATION 135
11.13 COOK PUMP COMPANY 137
11.14 HESS CORPORATION 139
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, Recent Development’s, Business Strategy might not be captured in case of unlisted companies.
12 APPENDIX 141
12.1 INSIGHTS OF INDUSTRY EXPERTS 141
12.2 DISCUSSION GUIDE 142
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 145
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 147
12.5 AVAILABLE CUSTOMIZATIONS 148
12.6 RELATED REPORTS 148
12.7 AUTHOR DETAILS 149

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