Pump Jack Industry By Well type - Vertical Well , Horizontal Well ,By Application - Onshore , Offshore
The Pump Jack market size will grow from USD 2.89 Billion in 2017 to USD 3.86 Billion by 2023, at an estimated CAGR of 4.92%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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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 2017, 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.
By Market Players:
Schlumberger Limited , General Electric Company , Weatherford International , Halliburton , Dover Corporation , Borets International , Tenaris S.A. , National Oilwell Varco , Hess Corporation , Star Hydraulics , Dansco Manufacturing, Inc , Pentag Gears & Oilfield Equipment, Ltd , L S Petrochem Equipment Corporation , Cook Pump Company,
By Well Type
Vertical Well , Horizontal Well,
By Weight
Less Than 100,000 lbs, 100,000 lbs to 300,000 lbs, More Than 300,000 lbs,
By Application
Onshore , Offshore,
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