Press release
Global Pump Jack Market is projected to reach USD 4.33 billion by 2025, growing at a CAGR of 4.92% from 2017 to 2025 :Top keyplayers are General Electric Company ,Halliburton ,Borets International ,National Oilwell Varco ,Star Hydraulics ,Pentag Gears & O
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing matured oil fields and large number of stripper wells
1.2 Low cost installation
1.3 Ease of operation in onshore applications
2. Market Restraints
2.1 High maintenance cost
2.2 Limited offshore in oil fields
Market Segmentation:
The Global Pump Jack Market is segmented on the weight, well type, application, and region.
1. Weight:
1.1 Less than 100,000 lbs
1.2 100,000 lbsâ300,000 lbs
1.3 More than 300,000 lbs
2. By Well Type:
2.1 Horizontal Well
2.2 Vertical Well
3. By Application:
3.1 Onshore
3.2 Offshore
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
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Competitive Landscape:
The major players in the market are as follows:
1. General Electric Company
2. Halliburton
3. Borets International
4. National Oilwell Varco
5. Star Hydraulics
6. Pentag Gears & Oilfield Equipment, Ltd
7. Cook Pump Company
8. Schlumberger Limited
9. Weatherford International
10. Dover Corporation
11. Tenaris S.A.
12. Hess Corporation
13. Dansco Manufacturing, Inc
14. L S Petrochem Equipment Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Pump Jack Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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