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Pump Jack Market By Well Type(Horizontal Well, Vertical Well) By Application (Offshore, Onshore) - Global size Analysis and Industry Forecast, 2018-2023.

 Energy and Power

Report Overview

GLOBAL PUMP JACK MARKET was valued at USD 2.87 Billion for the year 2017. Pump Jack Market is further expected to grow at a CAGR of 5.11% from 2018 to reach USD 3.87 Billion by the year 2023. North America region holds the highest market share in 2017. The North America region is also considered as the fastest growing market in the forecasted period. The U.S. is the major market in 2017 and it is also further anticipated to grow at a steady pace in the next 5 years.

Halliburton (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), General Electric Company (U.K.), are some of the top players in the Pump Jack Market with Weatherford International, PLC holding a substantial market share in 2017. Better global reach, at an operational level, is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

Drivers:

             Increasing number of oil fields and simplicity of operation in onshore applications

Restraints:

             High maintenance cost

Opportunities:

             Introduction of remotely monitoring systems for pump jack activities

Challenges:

             High costs for the recovery of oil from wells using pump jack rods

The segmentation done on the basis of well type include Horizontal Well and Vertical Well of which the Vertical Well segment is expected to hold the highest market share during the forecast period.

Segmentation done on the basis of Application includes the off-shore and onshore segment of which onshore segment is expected to grow at the highest CAGR during the forecasted period.

Key Benefits for Stakeholders

Pump Jack Manufacturers & Distributors

Research and Consulting organization

Government bodies

End-use industries

Regulatory bodies, policymakers and consumers.

By Well Type

Horizontal Well

Vertical Well

By Application

Offshore

Onshore

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

General Electric Company

Halliburton

Weatherford International

Borets International

Schlumberger Limited

Hess Corporation

National Oilwell Varco

Tenaris S.A

Star Hydraulics

Pentag Gears & Oilfield Equipment, Ltd

L S Petrochem Equipment Corporation

Cook Pump Company

(Another brief information of 13 companies will be provided in the report)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

             2.1.1.1. Key Data from Secondary Research

       2.1.2. Primary Research

             2.1.2.1. Key Data from Primary Research

             2.1.2.2. Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Pump jack Market, By Well Type

6.1. Horizontal Well

6.2. Vertical Well

7. Pump jack Market, By Application

7.1. Offshore

7.2. Onshore

8. Geographical Analysis

8.1. Introduction

8.2. North America

       8.2.1. U.S.

       8.2.2. Canada

       8.2.3. Mexico

8.3. Europe

       8.3.1. U.K.

       8.3.2. Germany

       8.3.3. Russia

       8.3.4. RoE

8.4. Asia Pacific

       8.4.1. Indonesia

       8.4.2. Japan

       8.4.3. China

       8.4.4. RoAPAC

8.5. RoW

       8.5.1. Latin America

             8.5.1.1. Brazil

             8.5.1.2. Argentina

             8.5.1.3. Rest of Latin America

       8.5.2. Middle East and Africa

9. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

9.1. General Electric Company

9.2. Halliburton

9.3. Weatherford International

9.4. Borets International

9.5. Schlumberger Limited

9.6. Hess Corporation

9.7. National Oilwell Varco

9.8. Tenaris S.A

9.9. Star Hydraulics

9.10. Pentag Gears & Oilfield Equipment, Ltd

9.11. L S Petrochem Equipment Corporation

9.12. Cook Pump Company

(Another brief information of 13 companies will provided in report)

10. Competitive Analysis

10.1. Introduction

10.2. Market Positioning of Key Players

10.3 Competitive Strategies Adopted by Leading Players

        10.3.1. Investments & Expansions

        10.3.2. New Product Launches

        10.3.3. Mergers & Acquisitions

        10.3.4. Agreements, Joint Ventures, and Partnerships

11. Appendix

11.1. Questionnaire

11.2. Available Customizations 

11.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

Summary

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