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The pump jack market is expected to grow from an estimated USD 2.86 Billion in 2017 to USD 3.63 Billion by 2022 Hulk Brazil Jersey , at a CAGR of 4.88%. Increasing onshore maturing oil fields are driving the pump jack 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 pump jack plans for such oil fields.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top service providers in the pump jack market. These players includes Schlumberger Limited (U.S.), Tenaris S.A. (Luxembourg), Borets International (U.A.E.), General Electric Oil & Gas (U.K.) Giuliano Brazil Jersey , Weatherford International, PLC (Switzerland), and Dover Corporation (U.S.), among others.
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Scope of the Report:
By Well Type
鈥?Vertical Well
鈥?Horizontal Well
By Application
鈥?Onshore
鈥?Offshore
By Weight
鈥?Less than 100,000 lbs
鈥?100,000 lbs鈥?00 Gil Brazil Jersey ,000 lbs
鈥?More than 300,000 lbs
By Region
鈥?North America
鈥?Asia-Pacific
鈥?Middle East & Africa
鈥?Europe
鈥?Central & South America
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Objectives of the Study
鈥?To define, describe, and forecast the global pump jack market by well type, application, weight Ganso Brazil Jersey , and region, in terms of value
鈥?To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges Gabriel Brazil Jersey , influencing the growth of pump jack market
鈥?To strategically analyse the market with respect to individual growth trends, future prospects, and the contribution of each segment to the pump jack market
鈥?To strategically profile key players and comprehensively analyse their market shares and core competencies
鈥?To track and analyse competitive developments, such as contracts & agreements, expansions and investments, new product launches Filipe Luis Brazil Jersey , and mergers & acquisitions of this market
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North America: The largest market for pump jack
The market in North America was the largest market, by value, for pump jack in 2016, driven largely by activities in the offshore industries of the U.S. 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 market in the U.S. Gulf of Mexico is the second largest market Fernandinho Brazil Jersey , closely behind Europe, with a large number of mature wells drilled by pump jack, each year.
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MarketsandMarkets鈩?provides quantified B2B research on 30,000 high growth niche opportunitiesthreats which will impact 70% to 80% of worldwide companies鈥?revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets鈩?for their painpoints around revenues decisions.
MarketsandMarkets鈥檚 flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200 Fagner Brazil Jersey ,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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