Pump Jack Market Size to Grow by USD 987.08 million| 45% of the Market Growth to Originate from North America | Technavio

The pump jack market covers the following areas:

Pump Jack Market Sizing
Pump Jack Market Forecast
Pump Jack Market Analysis

Key Segment Analysis

The pump jack market share growth by the onshore segment will be significant during the forecast period. In onshore oil and gas E&P operations, the operating cost of drilling activities is significantly lower than that of offshore oil and gas drilling activities, as the latter employs comparatively expensive technologies and resources. Therefore, oil and gas E&P companies are investing significantly in onshore E&P projects to gain profit margins. Several countries are investing in oil and gas E&P operations to ensure energy security by increasing production.

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Vendor Insights

The pump jack market is fragmented, and the vendors are deploying growth strategies such as investing more in E&P activities to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Baker Hughes Co.
• Borets International Ltd.
• ChampionX Corp.
• China Vigor Drilling Oil Tools and Equipment Co Ltd
• Cook Pump Co.
• Dansco Manufacturing Inc.
• Drake Machining
• E and H Manufacturing
• ETANG Drilling Production Service Ltd
• Halliburton Co.
• JCPump LLC.
• Liberty Lift Solutions LLC
• Puyang Zhongshi Group Co. Ltd.
• Schlumberger Ltd.
• Seaco Oilfield Equipment Co. Ltd.
• Shandong Shenyu Machinery Manufacturing Co. Ltd.
• Shengji Group
• Weatherford International Plc
• Werner Co.
• Young's Welding Inc.

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Geographical Market Analysis 

 North America will have the highest market share growth during the forecast period. The increase in oil and gas discoveries, along with the rising investments and initiatives are undertaken by various governments, will drive the pump jack market growth in North America during the forecast period. The US and Canada are the key countries for the pump jacks market in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

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Key Market Drivers & Challenges: 

The benefits of pump jacks is driving the market growth. Pump jacks are used in oilfields if the reservoir pressure is not high enough to bring crude oil to the surface. They have the potential to extend the life of oil wells by recovering a significant quantity of hydrocarbons from the well. The performance of pump jacks can be supervised remotely by employing remote monitoring systems. Thus, the reduction in labor cost lowers the overall production operation cost and helps oilfield operators earn profits.

The growing adoption of alternative artificial lift techniques will challenge the pump jack market during the forecast period. Pump jack units, progressive cavity pumps, subsurface hydraulic pumps, ESPs, and gas lift techniques are used during primary hydrocarbon recovery. Pump jack systems have low operational costs and are simple when compared to operate compared with other artificial lift techniques. They are less feasible in offshore oilfields due to their high weight. They are also susceptible to paraffin issues, have limitations in urban locations due to size, have low volumetric efficiency in gassy wells, and are subject to corrosion.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Onshore - Market size and forecast 2021-2026
• Exhibit 28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)

• 5.4 Offshore - Market size and forecast 2021-2026
• Exhibit 32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Russia - Market size and forecast 2021-2026
• Exhibit 66: Chart on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Russia - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Russia - Year-over-year growth 2021-2026 (%)

• 7.10 Canada - Market size and forecast 2021-2026
• Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.11 Saudi Arabia - Market size and forecast 2021-2026
• Exhibit 74: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)

• 7.12 Brazil - Market size and forecast 2021-2026
• Exhibit 78: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Brazil - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Brazil - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Baker Hughes Co.
• Exhibit 89: Baker Hughes Co. - Overview
• Exhibit 90: Baker Hughes Co. - Business segments
• Exhibit 91: Baker Hughes Co. - Key news
• Exhibit 92: Baker Hughes Co. - Key offerings
• Exhibit 93: Baker Hughes Co. - Segment focus

• 10.4 ChampionX Corp.
• Exhibit 94: ChampionX Corp. - Overview
• Exhibit 95: ChampionX Corp. - Key offerings

• 10.5 Cook Pump Co.
• Exhibit 96: Cook Pump Co. - Overview
• Exhibit 97: Cook Pump Co. - Product / Service
• Exhibit 98: Cook Pump Co. - Key offerings

• 10.6 Dansco Manufacturing Inc.
• Exhibit 99: Dansco Manufacturing Inc. - Overview
• Exhibit 100: Dansco Manufacturing Inc. - Product / Service
• Exhibit 101: Dansco Manufacturing Inc. - Key offerings

• 10.7 Drake Machining
• Exhibit 102: Drake Machining - Overview
• Exhibit 103: Drake Machining - Product / Service
• Exhibit 104: Drake Machining - Key offerings

• 10.8 E and H Manufacturing
• Exhibit 105: E and H Manufacturing - Overview
• Exhibit 106: E and H Manufacturing - Product / Service
• Exhibit 107: E and H Manufacturing - Key offerings

• 10.9 Liberty Lift Solutions LLC
• Exhibit 108: Liberty Lift Solutions LLC - Overview
• Exhibit 109: Liberty Lift Solutions LLC - Key offerings

• 10.10 Schlumberger Ltd.
• Exhibit 110: Schlumberger Ltd. - Overview
• Exhibit 111: Schlumberger Ltd. - Business segments
• Exhibit 112: Schlumberger Ltd. - Key offerings
• Exhibit 113: Schlumberger Ltd. - Segment focus

• 10.11 Shandong Shenyu Machinery Manufacturing Co. Ltd.
• Exhibit 114: Shandong Shenyu Machinery Manufacturing Co. Ltd. - Overview
• Exhibit 115: Shandong Shenyu Machinery Manufacturing Co. Ltd. - Product / Service
• Exhibit 116: Shandong Shenyu Machinery Manufacturing Co. Ltd. - Key offerings

• 10.12 Weatherford International Plc
• Exhibit 117: Weatherford International Plc - Overview
• Exhibit 118: Weatherford International Plc - Business segments
• Exhibit 119: Weatherford International Plc - Key offerings
• Exhibit 120: Weatherford International Plc - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 121: Inclusions checklist
• Exhibit 122: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 123: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 124: Research methodology
• Exhibit 125: Validation techniques employed for market sizing
• Exhibit 126: Information sources

• 11.5 List of abbreviations
• Exhibit 127: List of abbreviations

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