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Market Outlook
The global pump jack market is estimated to grow at a CAGR of 5.3% during the forecast period of 2020-2025. The global pump jack market is driven by the rising need to save the situation of reduced reservoir pressure, which minimises the production rate of oil from an oil well. Thus, the pump jacks are installed in reservoirs to obtain the oil. Currently, the pump jacks are extensively used to extract oil from the oil wells. They also aid in extending the life span of oil wells by recovering a substantial amount of crude oil.
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Properties and Applications
A pump jack in an oil well is a reciprocal piston motor. Since, sub-surface liquids (i.e., oil and water) cannot reach the ground if the bottom-hole pressure in an oil well is inadequate, a pump jack is used to lift the oil out of an oil well manually.
The pump jack market can be broadly categorised based on well types, weight, and applications.
Based on well type, the industry is divided into:
Based on weight, the industry is segmented into:
Based on application, the industry is broadly divided into:
The EMR report looks into the regional markets of pump jack like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The global pump jack market is driven by the increase in the global demand for crude oil. Renewable energy sources are used in a wide range of applications; however, traditional fossil fuels are still favoured over renewable energy sources. Another factor driving the pump jack demand is the increase in the number of brown or mature oilfields around the world. Most of the existing oilfields are being produced in the mature stage. Extracting oil from such mature fields is difficult for primary and secondary oil recovery techniques. A pump jack is an alternative for such areas, being simple and of low-cost. Roughly two-thirds of the world's oil wells still use pump jack systems. Nonetheless, there are certain restrictions on the pump jack market. For deep and ultra-deep wells, pump jacks do not apply. Also, they are generally not considered for offshore applications. It is expected that these limitations might hamper the pump jack market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global pump jack market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Questions Answered in the Report:
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Pump Jack Market Analysis
6.1 Global Pump Jack Market (2015-2019) & Forecast (2020-2025)
6.2 Global Pump Jack Market Breakup by Well Type
6.2.1 Vertical Well
6.2.2 Horizontal Well
6.3 Global Pump Jack Market Breakup by Well Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Vertical Well
6.3.2 Horizontal Well
6.4 Global Pump Jack Market Breakup by Weight
6.4.1 Less Than 100,000 lbs.
6.4.2 100,000 lbs. to 300,000 lbs.
6.4.3 More Than 300,000 lbs.
6.5 Global Pump Jack Market Breakup by Weight: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Less Than 100,000 lbs.
6.5.2 100,000 lbs. to 300,000 lbs.
6.5.3 More Than 300,000 lbs.
6.6 Global Pump Jack Market by Application
6.6.1 Onshore
6.6.2 Offshore
6.7 Global Pump Jack Market by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Onshore
6.7.2 Offshore
6.8 Global Pump Jack Market by Region
6.8.1 North America
6.8.1.1 United States of America
6.8.1.2 Canada
6.8.2 Europe
6.8.2.1 Germany
6.8.2.2 United Kingdom
6.8.2.3 France
6.8.2.4 Italy
6.8.2.5 Others
6.8.3 Asia Pacific
6.8.3.1 China
6.8.3.2 Japan
6.8.3.3 India
6.8.3.4 ASEAN
6.8.3.5 Others
6.8.4 Latin America
6.8.4.1 Brazil
6.8.4.2 Argentina
6.8.4.3 Mexico
6.8.4.4 Others
6.8.5 Middle East & Africa
6.8.5.1 Saudi Arabia
6.8.5.2 United Arab Emirates
6.8.5.3 Nigeria
6.8.5.4 South Africa
6.8.5.5 Others
6.9 Global Pump Jack Market by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
6.9.1.1 United States of America
6.9.1.2 Canada
6.9.2 Europe
6.9.2.1 Germany
6.9.2.2 United Kingdom
6.9.2.3 France
6.9.2.4 Italy
6.9.2.5 Others
6.9.3 Asia Pacific
6.9.3.1 China
6.9.3.2 Japan
6.9.3.3 India
6.9.3.4 ASEAN
6.9.3.5 Others
6.9.4 Latin America
6.9.4.1 Brazil
6.9.4.2 Argentina
6.9.4.3 Mexico
6.9.4.4 Others
6.9.5 Middle East & Africa
6.9.5.1 Saudi Arabia
6.9.5.2 United Arab Emirates
6.9.5.3 Nigeria
6.9.5.4 South Africa
6.9.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Regional Price Analysis
9.1 North America Pump Jack Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.2 Europe Pump Jack Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.3 Asia Pacific Pump Jack Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.4 Latin America Pump Jack Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.5 Middle East & Africa Pump Jack Historical Price Trends (2015-2019) & Forecast (2020-2025)
10 Competitive Landscape & Supplier Analysis
10.1 Schlumberger Limited (NYSE: SLB)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.2 General Electric Company (NYSE: GE)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.3 Weatherford International (OTCMKTS: WFTIQ)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.4 Halliburton
10.4.1 Company Overview
10.4.2 Financial Analysis
10.5 Dover Corporation (NYSE: DOV)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.6 Borets International
10.6.1 Company Overview
10.6.2 Financial Analysis
10.7 Tenaris S.A. (BIT: TEN)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.8 Others
11 Events and Developments
Additional Customization Available:
12 Feedstock Analysis
13 Procurement Strategy
13.1 Value Chain Analysis
13.2 Contract Terms
13.3 Buying and Sourcing Trends
13.4 Storage and Warehousing
13.5 Certifications and Regulations
13.6 Risk Factors
14 Trade Data Analysis
14.1 Major Exporting Countries: By Value and Volume
14.2 Major Importing Countries: By Value and Volume
15 Manufacturing Process
15.1 Detailed Process Flow
15.2 Operations Involved
15.3 Mass Balance
16 Cost Analysis and Project Economics
16.1 Land, Location and Site Development
16.2 Construction
16.3 Plant Machinery
16.4 Cost of Raw Material
16.5 Packaging
16.6 Transportation
16.7 Utilities
16.8 Manpower
16.9 Other Capital Investment
17 Production Cost Analysis
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