Global Pumpjack Market overview:
Detailed Study on Pumpjack Market is growing at a CAGR during Forecasts year 2022. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.
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The Global Pumpjack Market increasing Onshore Maturing Oil fields are driving the Pumpjack Market. Low Oil prices in the past couple of years has made it even more difficult to maintain low production mature reserves, driving companies to accelerate Pumpjack Plans for such Oil Fields.
Global Pumpjack Market is segmented on the basis of Well Type, Application, Weight and Region. On the Basis of Well Type Segment, Market Can Sub segmented into, Vertical Well and Horizontal Well type. The Vertical Well segmented accounted for the largest market share in 2018, driven by the demand from the North American market. Pumpjack is the most commonly employed, low cost installation, and efficient method in Vertical Wells. Pumpjacks in Horizontal Wells is still a challenging task. The application of Pumpjacks is also limited in the Horizontal Well Market.
On the basis of Application, the market has been segmented into Onshore and Offshore segments. The Application of Pumpjack in Onshore is estimated to lead the market, both in terms of market value and growth. The Onshore basins in North America Eagleville Spraberry and Prudhoe Bay (Alaska) plays a major role in driving the pump jack market. Onshore oil drilling is typically less expensive compared to offshore and a majority of the old and ageing mature wells are in onshore oil fields. Thus, the market for pump jack will be the largest in Onshore.
As per regional analysis, North America was the largest market, by value, for Pumpjack in 2018, driven largely by activities in the offshore industries of the United State and Canada. The Offshore industries in these two regions, leads other regions in terms of well-development. Companies in the region are taking active steps in drilling, in onshore mature oil fields by low cost installation and ease of operation. The market in the United State Gulf of Mexico is the second largest market, closely behind Europe, with a large number of mature wells drilled by pump jack, each year.
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Major Key Players:
1 Schlumberger Limited
2 General Electric Company
3 Weatherford International
4 Halliburton
5 Dover Corporation
6 Borets International
7 Tenaris S.A.
8 National Oilwell Varco
9 Hess Corporation
10 Star Hydraulics
11 Dansco Manufacturing, Inc
12 Pentag Gears & Oilfield Equipment, Ltd
13 L S Petrochem Equipment Corporation
Market segment by Regions/Countries, this report covers:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Table of Contents:
Global Pumpjack Market Report 2018
1 Pumpjack Definition
2 Global Pumpjack Market Major Player Share and Market Overview
3 Major Player Pumpjack Business Introduction
4 Global Pumpjack Market Segmentation (Region Level)
5 Global Pumpjack Market Segmentation (Product Type Level)
6 Global Pumpjack Market Segmentation (Industry Level)
7 Global Pumpjack Market Segmentation (Channel Level)
8 Pumpjack Market Forecast 2018-2022
9 Pumpjack Segmentation Type
10 Pumpjack Segmentation Industry
11 Pumpjack Cost Analysis
12 Conclusion
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