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Objectives of the Study
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To define, describe, and forecast the global pump jack market by well type, application,
weight, and region, in terms of value
To provide detailed information regarding the major factors, such as drivers, restraints,
opportunities, and industry-specific challenges, influencing the growth of pump jack
market
To strategically analyse the market with respect to individual growth trends, future
prospects, and the contribution of each segment to the pump jack market
To strategically profile key players and comprehensively analyse their market shares and
core competencies
To track and analyse competitive developments, such as contracts & agreements,
expansions and investments, new product launches, 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
operation.The market in the U.S. Gulf of Mexico is the second largest market, closely behind
Europe, with a large number of mature wells drilled by pump jack, each year.
Related Report:
Top 10 Pumps and Motors Market Pumps (Intelligent Pump, High Pressure Pump,
Cryogenic Pump, Diaphragm Pump, Submersible Pump), Motors (Gear Motor, Permanent
Magnet Synchronous, Motor Control Center, Motor Soft Starter, & AC Drives) - Global
Forecast to 2021
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