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Energy and Power

Pump Jack Market by Well Type (Vertical Well and Horizontal Well) and Application (Onshore and Offshore): Global Opportunity Analysis and Industry Forecast, 2021–2030

  • ALL4676972
  • 130 Pages
  • September 2021
  • Energy and Power
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The global pump jack market was valued at $3.0 billion in 2020, and is projected to reach $5.1 billion by 2030, growing at a CAGR of 5.2% from 2021 to 2030.

Pumpjacks are the subsurface mechanical drive which pumps up fluids from oil well in onshore and offshore applications. These are also known as nodding donkeys. Submersible pumps in the deep ground are driven by motors above the ground and hence its lifts up oi/liquid from wells. Pumpjack consists of various mechanical components including power shafts, cranks, counter weights, horse head, polished rod, walking beams, and others. Its working depends on design considerations such as pump angle, fluid weight & density, surface well head, weight of counter weights, and others.

Rise in demand for petroleum products from developing economies, increase in demand for plastic or PVC products which are derived from petroleum products in developing economies significantly contribute toward the growth of the global market. However, reduction in number of fuel stations owing to rapid growth of electric vehicle industry and stringent government regulations toward the use of conventional fuels in transportation and power generation industry are expected to hamper the growth of the pumpjack market, globally. Conversely, rise in investment toward oil & gas exploration and production activities are expected to create potential growth opportunity for key players operating in this market.

The pump jack market is segmented on the basis of well type, application and region. By well type, the market is bifurcated into vertical well and horizontal well. On the basis of application, it is categorized into onshore and offshore. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

 The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.

 A comprehensive analysis of the factors that drive and restrict the growth of the global pump jack market is provided.

 Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.

 Estimations and forecast are based on factors impacting the global pump jack market growth, in terms of value.

 Key market players are profiled to gain an understanding of the strategies adopted by them.

 This report provides a detailed analysis of the current global pump jack market trends and future estimations from 2021 to 2030, which helps identify the prevailing market opportunities.

KEY MARKET SEGMENTS

By Well Type

• Vertical Well

• Horizontal Well

By Application

• Onshore

• Offshore

By Region

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o France

o UK

o Spain

o Italy

o Rest of Europe

• Asia-Pacific

o China

o Japan

o India

o Australia

o South Korea

o Rest of Asia-Pacific

• LAMEA

o Latin America

o Middle East

o Africa

KEY MARKET PLAYERS

• Dansco

• Drake Manufacturing Co., Inc.

• Hess Corporation

• KBA Engineering, LLC

• LS Petrochem Equipment Corp.

• National-Oilwell Varco, Inc.

• Shengji Group Co., Ltd.

• Redhead Artificial Lift Ltd.

• Schlumberger Limited

• Weatherford International Plc.

Other companies operating in the pump jack market are Dover Corporation, Halliburton Company, Allspeeds LLC, Cook Pump Company, Star Hydraulics, Tenaris S.A., Borets International, Pentag Gears & Oilfield Equipment Ltd. and others.

CHAPTER 1:INTRODUCTION

1.1.Report description

1.2.Key benefits for stakeholders

1.3.Key market segments

1.4.Research methodology

1.4.1.Primary research

1.4.2.Secondary research

1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope

3.2.Key forces shaping the market

3.3.Value chain analysis

3.4.Top investment pockets

3.5.Patent analysis

3.5.1.By region, 2013–2019

3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Increase in demand for crude oil

3.6.1.2.Rapid growth of dual fuel or hybrid vehicles

3.6.2.Restraints

3.6.2.1.Increase in demand for electric vehicles

3.6.2.2.Limitations of pumpjack to offshore applications and variation in crude oil prices

3.6.3.Opportunity

3.6.3.1.Rise in investment toward oil & gas exploration and production activities

3.7.Impact of government regulations on the market

3.8.Impact of COVID-19 outbreak on the market

CHAPTER 4:PUMP JACK MARKET, BY WELL TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Vertical well

4.2.1.Key market trends, growth factors, and opportunities

4.2.2.Market size and forecast, by region

4.2.3.Market share analysis, by country

4.3.Horizontal well

4.3.1.Key market trends, growth factors, and opportunities

4.3.2.Market size and forecast, by region

4.3.3.Market share analysis, by country

CHAPTER 5:PUMP JACK MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Onshore

5.2.1.Key market trends, growth factors, and opportunities

5.2.2.Market size and forecast, by region

5.2.3.Market share analysis, by country

5.3.Offshore

5.3.1.Key market trends, growth factors, and opportunities

5.3.2.Market size and forecast, by region

5.3.3.Market share analysis, by country

CHAPTER 6:PUMP JACK MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities

6.2.2.Market size and forecast, by well type

6.2.3.Market size and forecast, by application

6.2.4.Market share analysis, by country

6.2.5.U.S.

6.2.5.1.Market size and forecast, by well type

6.2.5.2.Market size and forecast, by application

6.2.6.Canada

6.2.6.1.Market size and forecast, by well type

6.2.6.2.Market size and forecast, by application

6.2.7.Mexico

6.2.7.1.Market size and forecast, by well type

6.2.7.2.Market size and forecast, by application

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities

6.3.2.Market size and forecast, by well type

6.3.3.Market size and forecast, by application

6.3.4.Market share analysis, by country

6.3.5.Germany

6.3.5.1.Market size and forecast, by well type

6.3.5.2.Market size and forecast, by application

6.3.6.France

6.3.6.1.Market size and forecast, by well type

6.3.6.2.Market size and forecast, by application

6.3.7.UK

6.3.7.1.Market size and forecast, by well type

6.3.7.2.Market size and forecast, by application

6.3.8.Italy

6.3.8.1.Market size and forecast, by well type

6.3.8.2.Market size and forecast, by application

6.3.9.Spain

6.3.9.1.Market size and forecast, by well type

6.3.9.2.Market size and forecast, by application

6.3.10.Rest of Europe

6.3.10.1.Market size and forecast, by well type

6.3.10.2.Market size and forecast, by application

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities

6.4.2.Market size and forecast, by well type

6.4.3.Market size and forecast, by application

6.4.4.Market share analysis, by country

6.4.5.China

6.4.5.1.Market size and forecast, by well type

6.4.5.2.Market size and forecast, by application

6.4.6.Japan

6.4.6.1.Market size and forecast, by well type

6.4.6.2.Market size and forecast, by application

6.4.7.India

6.4.7.1.Market size and forecast, by well type

6.4.7.2.Market size and forecast, by application

6.4.8.Australia

6.4.8.1.Market size and forecast, by well type

6.4.8.2.Market size and forecast, by application

6.4.9.South Korea

6.4.9.1.Market size and forecast, by well type

6.4.9.2.Market size and forecast, by application

6.4.10.Rest of Asia-Pacific

6.4.10.1.Market size and forecast, by well type

6.4.10.2.Market size and forecast, by application

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities

6.5.2.Market size and forecast, by well type

6.5.3.Market size and forecast, by application

6.5.4.Market share analysis, by country

6.5.5.Latin America

6.5.5.1.Market size and forecast, by well type

6.5.5.2.Market size and forecast, by application

6.5.6.Middle East

6.5.6.1.Market size and forecast, by well type

6.5.6.2.Market size and forecast, by application

6.5.7.Africa

6.5.7.1.Market size and forecast, by well type

6.5.7.2.Market size and forecast, by application

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market Player Positioning, 2020

7.2.Top winning strategies

7.3.Product Mapping of Top 10 Player

7.4.Competitive Heatmap

7.5.Key developments

7.5.1.New product launch

CHAPTER 8:COMPANY PROFILES

8.1.DANSCO

8.1.1.Company overview

8.1.2.Company snapshot

8.1.3.Product portfolio

8.2.DRAKE MANUFACTURING CO., INC.

8.2.1.Company overview

8.2.2.Company snapshot

8.2.3.Product portfolio

8.3.HESS CORPORATION

8.3.1.Company overview

8.3.2.Company snapshot

8.3.3.Operating business segments

8.3.4.Product portfolio

8.3.5.Business performance

8.4.KBA ENGINEERING, LLC

8.4.1.Company overview

8.4.2.Company snapshot

8.4.3.Product portfolio

8.5.LS PETROCHEM EQUIPMENT CORP.

8.5.1.Company overview

8.5.2.Company snapshot

8.5.3.Product portfolio

8.6.National-Oilwell Varco, Inc

8.6.1.Company overview

8.6.2.Company snapshot

8.6.3.Operating business segments

8.6.4.Product portfolio

8.6.5.Business performance

8.7.SHENGJI GROUP CO., LTD.

8.7.1.Company overview

8.7.2.Company snapshot

8.7.3.Product portfolio

8.8.REDHEAD ARTIFICIAL LIFT LTD.

8.8.1.Company overview

8.8.2.Company Snapshot

8.8.3.Product portfolio

8.9.SCHLUMBERGER LIMITED

8.9.1.Company overview

8.9.2.Company snapshot

8.9.3.Operating business segments

8.9.4.Product portfolio

8.9.5.Business performance

8.10.Weatherford International Plc

8.10.1.Company overview

8.10.2.Company Snapshot

8.10.3.Operating business segments

8.10.4.Product portfolio

8.10.5.Business performance

LIST OF TABLES

TABLE 01.GLOBAL PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 02.PUMP JACK MARKET FOR VERTICAL WELL, BY REGION, 2020–2030 ($MILLION)

TABLE 03.PUMP JACK MARKET FOR HORIZONTAL WELL, BY REGION, 2020–2030 ($MILLION)

TABLE 04.GLOBAL PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 05.PUMP JACK MARKET FOR ONSHORE, BY REGION, 2020–2030 ($MILLION)

TABLE 06.PUMP JACK MARKET FOR OFFSHORE, BY REGION, 2020–2030 ($MILLION)

TABLE 07.PUMP JACK MARKET, BY REGION, 2020-2030 ($MILLION)

TABLE 08.NORTH AMERICA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 09.NORTH AMERICA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 10.NORTH AMERICA PUMP JACK MARKET, BY COUNTRY, 2020–2030 ($MILLION)

TABLE 11.U.S. PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 12.U.S. PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 13.CANADA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 14.CANADA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 15.MEXICO PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 16.MEXICO PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 17.EUROPE PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 18.EUROPE PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 19.EUROPE PUMP JACK MARKET, BY COUNTRY, 2020–2030 ($MILLION)

TABLE 20.GERMANY PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 21.GERMANY PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 22.FRANCE PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 23.FRANCE PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 24.UK PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 25.UK PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 26.ITALY PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 27.ITALY PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 28.SPAIN PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 29.SPAIN PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 30.REST OF EUROPE PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 31.REST OF EUROPE PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 32.ASIA-PACIFIC PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 33.ASIA-PACIFIC PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 34.ASIA-PACIFIC PUMP JACK MARKET, BY COUNTRY, 2020–2030 ($MILLION)

TABLE 35.CHINA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 36.CHINA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 37.JAPAN PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 38.JAPAN PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 39.INDIA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 40.INDIA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 41.AUSTRALIA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 42.AUSTRALIA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 43.SOUTH KOREA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 44.SOUTH KOREA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 45.REST OF ASIA-PACIFIC PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 46.REST OF ASIA-PACIFIC PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 47.LAMEA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 48.LAMEA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 49.LAMEA PUMP JACK MARKET, BY COUNTRY, 2020–2030 ($MILLION)

TABLE 50.LATIN AMERICA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 51.LATIN AMERICA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 52.MIDDLE EAST PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 53.MIDDLE EAST PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 54.AFRICA PUMP JACK MARKET, BY WELL TYPE, 2020–2030 ($MILLION)

TABLE 55.AFRICA PUMP JACK MARKET, BY APPLICATION, 2020–2030 ($MILLION)

TABLE 56.KEY NEW PRODUCT LAUNCH (2017-2021)

TABLE 57.DANSCO: COMPANY SNAPSHOT

TABLE 58.DANSCO: PRODUCT PORTFOLIO

TABLE 59.DRAKE MANUFACTURING CO., INC.: COMPANY SNAPSHOT

TABLE 60.DRAKE MANUFACTURING CO., INC.: PRODUCT PORTFOLIO

TABLE 61.HESS CORPORATION: COMPANY SNAPSHOT

TABLE 62.HESS CORPORATION: OPERATING SEGMENTS

TABLE 63.HESS CORPORATION

TABLE 64.OVERALL FINANCIAL STATUS ($MILLION)

TABLE 65.KBA ENGINEERING, LLC: COMPANY SNAPSHOT

TABLE 66.KBA ENGINEERING, LLC: PRODUCT PORTFOLIO

TABLE 67.LS PETROCHEM EQUIPMENT CORP.: COMPANY SNAPSHOT

TABLE 68.LS PETROCHEM EQUIPMENT CORP.: PRODUCT PORTFOLIO

TABLE 69.NATIONAL-OILWELL VARCO, INC: COMPANY SNAPSHOT

TABLE 70.NATIONAL-OILWELL VARCO, INC: OPERATING SEGMENTS

TABLE 71.NATIONAL-OILWELL VARCO, INC: PRODUCT PORTFOLIO

TABLE 72.OVERALL FINANCIAL STATUS ($MILLION)

TABLE 73.SHENGJI GROUP CO., LTD.: COMPANY SNAPSHOT

TABLE 74.SHENGJI GROUP CO., LTD.: PRODUCT PORTFOLIO

TABLE 75.REDHEAD ARTIFICIAL LIFT LTD.: COMPANY SNAPSHOT

TABLE 76.REDHEAD ARTIFICIAL LIFT LTD.: PRODUCT PORTFOLIO

TABLE 77.SCHLUMBERGER LIMITED: COMPANY SNAPSHOT

TABLE 78.SCHLUMBERGER LIMITED: OPERATING SEGMENTS

TABLE 79.SCHLUMBERGER LIMITED: PRODUCT PORTFOLIO

TABLE 80.OVERALL FINANCIAL STATUS ($MILLION)

TABLE 81.WEATHERFORD: COMPANY SNAPSHOT

TABLE 82.WEATHERFORD: OPERATING SEGMENTS

TABLE 83.WEATHERFORD: PRODUCT PORTFOLIO

TABLE 84.OVERALL FINANCIAL STATUS ($MILLION)

 
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