HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: EP 5455

 

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The global pump jack market was estimated to be USD 2.77 Billion in 2016, and is expected to grow at a CAGR of 4.88% to reach USD 3.63 Billion by 2022. The increasing maturing oil fields are expected to drive the pump jack market.

The years considered for the study are as follows:

  • Base Year- 2016
  • Estimated Year- 2017
  • Projected Year- 2022
  • Forecast Period- 2017 to 2022 w

The year 2016 has been considered as the base year for company profiles. Where information was unavailable for the base year, the prior year has been considered.

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 this market
  • To strategically analyze the market with respect to individual growth trends, future prospects, and the contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments, such as contracts & agreements, expansions and investments, new product launches, and mergers & acquisitions of this market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of this market. Primary sources are mainly industry experts from core and related industries, service providers, environmental, regulatory and authorities, shipbroking and charter service providers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of the annual revenues and market developments of the major players that provide pump jack to oil operating companies
  • Analyses the requirement for pump jack of oil platforms
  • Assessment of pump jack provisions of key operating companies and analyzing their spending patterns
  • Study of the market trends in various regions and countries with regard to pump jack
  • Study of the contracts and developments related to the market by key players across different regions
  • Finalization of market size by triangulating the supply-side and demand-side data, which includes product developments, supply chain, and annual revenues of pump jack companies across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries, on the basis of company type, designation, and region, conducted during the research study.

Pump Jack Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of this market consists of oilfield operating companies and service providers for different types of services. The figure below shows the market ecosystem along with the major companies.

Pump Jack Market

The pump jack service providing companies that provides installation, maintenance, and transportation services includes Schlumberger Limited (U.S.), Halliburton Company (U.S.), General Electric Oil & Gas (U.K.), Weatherford International, PLC (Switzerland), Borets International (U.A.E.), Dover Corporation (U.S.), Rimera Group (U.A.E.), Dansco Manufacturing (U.S.), Hess Corporation (U.S.), and Tenaris S.A. (Luxembourg) among others. These are the end-users in this market.

Target Audience:

The report’s target audience includes:

  • 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

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

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region and country-specific analysis

Company Information

Detailed analyses and profiling of additional market players (up to five)

Table of Contents

1 Introduction

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Market Dynamics
           5.1.1 Introduction
           5.1.2 Drivers
           5.1.3 Opportunities
           5.1.4 Challenges
           5.1.5 Restriants

6 Pump Jack Market By Well Type
    6.1 Introduction
    6.2 Vertical Well
    6.3 Horizontal Well

7 Pump Jack Market By Weight
    7.1 Introduction
    7.2 Market Analysis
           7.2.1 Less Than 100,000 lbs
           7.2.2 100,000 lbs to 300,000 lbs
           7.2.3 More Than 300,000 lbs

8 Pump Jack Market By Application
    8.1 Introduction
    8.2 Onshore
    8.3 Offshore

9 Pump Jack Market By Region
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
    9.3 Europe
           9.3.1 Russia
           9.3.2 Kazakhstan
           9.3.3 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Indonesia
           9.4.3 Australia
           9.4.4 India
           9.4.5 Rest of Asia-Pacific
    9.5 Central & South America
           9.5.1 Brazil
           9.5.2 Venezuela
           9.5.3 Mexico
           9.5.4 Colombia
           9.5.5 Ecuador
           9.5.6 Rest of Central & South America
    9.6 Middle East & Africa
           9.6.1 Oman
           9.6.2 Kuwait
           9.6.3 Saudi Arabia
           9.6.4 Angola
           9.6.5 UAE
           9.6.6 Nigeria
           9.6.7 Rest of Middle East & Africa

10 Competitive Landscape
     10.1 Overview
     10.2 Marekt Ranking, 2016
             10.2.1 Competitive Situation & Trends
             10.2.2 Visionary Leaders
             10.2.3 Innovators
             10.2.4 Dynamic Differentiators
             10.2.5 Emerging Companies
     10.3 Competitive Leadership Mapping: Pump Jack Market
     10.4 Competitive Benchmarking
             10.4.1 Strength of Product Portfolio (25 Companies)
             10.4.2 Business Strategy Excellecne (25 Companies)

11 Company Profiles
(Business Overview, Products & Services, Market Developments)
     11.1 Introduction
     11.2 Schlumberger Limited
     11.3 General Electric Company
     11.4 Weatherford International
     11.5 Halliburton
     11.6 Dover Corporation
     11.7 Borets International
     11.8 Tenaris S.A.
     11.9 National Oilwell Varco
     11.10 Hess Corporation
     11.11 Star Hydraulics 
     11.12 Dansco Manufacturing, Inc
     11.13 Pentag Gears & Oilfield Equipment, Ltd
     11.14 L S Petrochem Equipment Corporation
     11.15 Cook Pump Company

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
     12.1 Insights of Industry Experts 
     12.2 Discussion Guide 
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal 
     12.4 Introducing RT: Real Time Market Intelligence 
     12.5 Available Customizations 
     12.6 Related Reports
     12.7 Author Details


List of Tables (78 Tables)

Table 1 Pump Jack Market Snapshot
Table 2  Market Size, By Well Type, 2015–2022 (USD Million)
Table 3 Vertical Well:  Market Size, By Well Type, 2015–2022 (USD Million)
Table 4 Horizontal Well: Market Size, By Well Type, 2015–2022 (USD Million)
Table 5  Market Share, By Weight, 2015–2022 (USD Million)
Table 6 Less Than 100,000 lbs  Market Size, By Region, 2015–2022 (USD Million)
Table 7 100,000 lbs to 300,000 lbs Market Size, By Region, 2015–2022 (USD Million) 
Table 8 More Than 300,000 lbs Market Size, By Region, 2015–2022 (USD Million)
Table 9  Market Size, By Application, 2015–2022 (USD Million)
Table 10 Onshore: Market Size, By Application, 2015–2022 (USD Million)
Table 11 Offshore: Market Size, By Application, 2015–2022 (USD Million)
Table 12 Market Size, By Region, 2015–2022 (USD Million) 56 
Table 13 North America: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million) 
Table 14 North America: By Market Size, By Application, 2015–2022 (USD Million)
Table 15 North America: By Market Size, By Weight, 2015–2022 (USD Million)
Table 16 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 17 U.S.: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million) 
Table 18 U.S.: By Market Size, By Weight, 2015–2022 (USD Million)
Table 19 Canada: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 20 Canada: By Market Size, By Weight, 2015–2022 (USD Million)
Table 21 Europe: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 22 Europe: By Market Size, By Application, 2015–2022 (USD Million) 
Table 23 Europe: By Market Size, By Weight, 2015–2022 (USD Million)
Table 24 Europe: By Market Size, By Country, 2015–2022 (USD Million) 
Table 25 Russia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 26 Russia: By Market Size, By Weight, 2015–2022 (USD Million)
Table 27 Kazakhstan: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 28 Kazakhstan: By Market Size, By Weight, 2015–2022 (USD Thousand)
Table 29 Rest of Europe: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 30 Rest of Europe: By Market Size, By Weight, 2015–2022 (USD Million)
Table 31 Asia-Pacific: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 32 Asia-Pacific: By Market Size, By Application, 2015–2022 (USD Million)
Table 33 Asia-Pacific: By Market Size, By Weight, 2015–2022 (USD Million)
Table 34 Asia-Pacific: By Market Size, By Country, 2015–2022 (USD Million)
Table 35 China: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 36 China: By Market Size, By Weight, 2015–2022 (USD Million)
Table 37 India: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 38 India: By Market Size, By Weight, 2015–2022 (USD Thousand)
Table 39 Indonesia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 40 Indonesia: By Market Size, By Weight, 2015–2022 (USD Million)
Table 41 Australia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 42 Australia: By Market Size, By Weight, 2015–2022 (USD Thousand) 
Table 43 Rest of Asia-Pacific: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 44 Rest of Asia-Pacific: By Market Size, By Weight, 2015–2022 (USD Million) 
Table 45 Central & South America: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 46 Central & South America: By Market Size, By Application, 2015–2022 (USD Million) 
Table 47 Central & South America: By Market Size, By Country, 2015–2022 (USD Million) 
Table 48 Central & South America: By Market Size, By Weight, 2015–2022 (USD Million)
Table 49 Venezuela: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 50 Venezuela: By Market Size, By Weight, 2015–2022 (USD Million)
Table 51 Brazil: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand) 
Table 52 Brazil: By Market Size, By Weight, 2015–2022 (USD Million)
Table 53 Mexico: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million) 
Table 54 Mexico: By Market Size, By Weight, 2015–2022 (USD Million) 
Table 55 Colombia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million) 
Table 56 Colombia: By Market Size, By Weight, 2015–2022 (USD Million) 
Table 57 Ecuador: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand) 
Table 58 Ecuador: By Market Size, By Weight, 2015–2022 (USD Million)
Table 59 Rest of Central & South America: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 60 Rest of Central & South America: By Market Size, By Weight, 2015–2022 (USD Million)
Table 61 Middle East & Africa: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 62 Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 63 Middle East & Africa: By Market Size, By Weight, 2015–2022 (USD Million)
Table 64 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 65 Angola: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 66 Angola: By  Market Size, By Weight, 2015–2022 (USD Thousand)
Table 67 Oman: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 68 Oman: By Market Size, By Weight, 2015–2022 (USD Million)
Table 69 Nigeria: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 70 Nigeria: By Market Size, By Weight, 2015–2022 (USD Thousand)
Table 71 Kuwait: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 72 Kuwait: By Market Size, By Weight, 2015–2022 (USD Thousand)
Table 73 Saudi Arabia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 74 Saudi Arabia: By Market Size, By Weight, 2015–2022 (USD Thousand)
Table 75 U.A.E.: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 76 U.A.E.: By Market Size, By Weight, 2015–2022 (USD Thousand)
Table 77 Rest of the Middle East & Africa: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand) 
Table 78 Rest of the Middle East & Africa: By Market Size, By Weight, 2015–2022 (USD Million)


List of Figures (37 Figures)

Figure 1 Pump Jack Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Estimated Market Shares of the Pump Jack Market, By Region (Value), 2017
Figure 7 The North American Market is Expected to Lead the Market, 2017–2022
Figure 8  Market, By Weight, 2017–2022 (USD Billion) 
Figure 9 Market, By Well Type, 2017–2022 (USD Billion)
Figure 10 Attractive Opportunities in theMarket 
Figure 11 Market Share, By Well Type, 2017–2022 
Figure 12 The 100,000 lbs–300,000 lbs Weight Segment is Expected to Hold the Largest Market Share of Pump Jack Market, 2022
Figure 13 The Vertical Well Pump Jack Segment Held the Largest Market Share in 2016
Figure 14 North America: the Largest Market During the Forecast Period
Figure 15 Market Dynamics: Pump Jack Market
Figure 16 Oil Consumption in BRICS Economies, 2014 & 2015
Figure 17 Oil Wells Drilled in the U.S., Horizontal Vis-ΐ-Vis Vertical, 2010–2015
Figure 18 The Vertical Well Segment Accounted for the Largest Market Share in 2016
Figure 19  Market Share (Value), By Application, 2016
Figure 20 100,000 lbs to 300,000 lbs Segment Would Drive the Growth of the Market, 2017 & 2022
Figure 21 The Onshore Segment Accounted for the Largest Market Share in 2016 
Figure 22 Regional CAGR Snapshot (2016): the Asia-Pacific Region is Emerging as A New Hotspot for the  Market
Figure 23 North America: the Fastest Growing Market, 2017 &2022 
Figure 24 North America: Market Overview
Figure 25 Asia Pacific: Market Overview 
Figure 26 Companies Adopted Expansions and Investments and Mergers & Acquisitions as Its Key Growth Strategies, 2012–2017
Figure 27 Market Ranking, Pump Jack, 2016
Figure 28 Market Evaluation Framework, 2012–2017
Figure 29 Battle for Market Share (2012–2017): Expansions and Investments Was the Key Strategy Adopted By the Players in the Market
Figure 30 General Electric Oil and Gas: Company Snapshot
Figure 31 Schlumberger Limited: Company Snapshot 
Figure 32 Weatherford International, PLC: Company Snapshot
Figure 33 Halliburton Company: Company Snapshot 
Figure 34 National Oilwell Varco, Inc.: Company Snapshot
Figure 35 Borets International Limited: Company Snapshot 116 
Figure 36 Dover Corporation: Company Snapshot 119 
Figure 37 Tenaris S.A.: Company Snapshot 124

The global pump jack market is projected to grow at a CAGR of 4.88%, from 2017 to 2022, to reach a market size of USD 3.63 Billion by 2022. Increasing matured oil fields and large number of stripper wells in North America along with improving crude oil production from these mature wells, have been a subject of focus around major oil producing regions, owing to oil price downturn.

The report segments the pump jack market, on the basis of vertical well and horizontal well type. The vertical well segmented accounted for the largest market share in 2016, driven by the demand from the North American market. Pump jack is the most commonly employed, low cost installation, and efficient method in vertical wells. Pump jacks in horizontal wells is still a challenging task. The application of pump jacks is also limited in the horizontal well market.

The report also segments the pump jack market, on the basis of the weight of equipment into less than 100,000 lbs, 100,000 lbs to 300,000 lbs, and more than 300,000 lbs. The 100,000 lbs to 300,000 lbs was the largest market and is projected to maintain its edge over the other segments owing to its capability of serving different type of wells.

The report also segments the pump jack market, on the basis of onshore and offshore applications. The use of pump jack is limited to onshore application with very less use in offshore application, due to large space footprint. Onshore fields offer the requisite surface area and well spacing for the installation of pump jacks. Moreover, onshore fields allow for easy maintenance and repair, as they are easily accessible or well connected to monitoring facilities.

In this report, the pump jack market has been categorized, on the basis of region, into North America, Asia-Pacific, the Middle East and Africa, Europe, and South and Central America. The market in North America led the pump jack market, with the largest market share, by value, in 2016, and this trend is projected to continue till 2022. The market in Asia-Pacific will also play an important role in driving the demand for pump jacks.

The North American market is expected to grow at the highest CAGR during the forecast period. This growth is due to abundance of stripper wells in the U.S. and increasing number of mature oil fields which are near to the end of its economic life.

Pump Jack Market

Large space footprint and limitation of offshore applications and moderate to high maintenance costs are the restraints for the pump jack market. Pump jack manufacturers are implementing new technologies, such as remotely monitoring of pump jack activities and adapting new renewable based operating methods to reduce the operating cost for pump jacks.

The leading players in the industry, based on their recent developments and other strategic industrial activities, 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.

In terms of growth strategies, market players have been focusing on expansions and investments to expand their product portfolio and increase their market size as well as strengthen their market foothold in the regional market. Pump jack manufacturing companies are opening new manufacturing facilities and service centers in the Americas to serve their customers in an efficient manner. There is a mix of both organic and inorganic growth strategies that companies are using to stay relevant in the market.

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