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Global Pump Jack Market - PR

The global pump jack market is estimated to garner a revenue of ~ USD 6 billion by the end of 2035 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 u2013 2035.

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Global Pump Jack Market - PR

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  1. Global Pump Jack Market to be Propelled by Oil Production from Mature Oil Fields, Rising Demand for Petroleum and Crude Oil Products, and Large- Scale Investments by CAGR of ~5% During 2023 – 2035 Kenneth Research published a report titled “Pump Jack Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global pump jack market in terms of market segmentation by weight, well type, application, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market. The global pump jack market is expected to hold a revenue of ~ USD 6 billion by 2035, growing from ~ USD 4 billion in 2022. The market growth can be attributed to the oil production from mature oil fields, rising demand for petroleum and crude oil products,

  2. large-scale investments in oil and petroleum production and exploration, consumption of polyvinyl chloride (PVC), and a large number of stripper wells. The global pump jack market is expected to grow at a CAGR of ~ 5% from 2023-2035. The market is segmented by application into onshore and offshore. Between these, the onshore segment is anticipated to hold the largest market share by the end of 2035, owing to the large oil production and presence of mature oil fields onshore. For more information’s@https://www.kennethresearch.com/report-details/pump- jack-market/10078258 The global pump jack market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is projected to hold the largest market share by the end of 2035, backed by the large oil production in the United States (U.S.), presence of key players, investments for oil production and exploration, large consumer base, petroleum product demand, and shale oil reserve developments. The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report. Large Need for Oil Production from Mature Oil Fields to Boost the Market Growth

  3. It is estimated that more than 69% of the global production of gas and oil in 2018 came from mature oil fields. These oil fields, which have reached their saturation and are producing less oil than before, can be efficiently used by extracting even the last barrel of oil from them using a pump jack. This role of pump jacks in increasing the life period of oil fields is thought to result in market growth. However, very large maintenance costs, the rise of electric vehicles, and high maintenance costs are expected to operate as key restraints to the growth of the global pump jack market over the forecast period. This report also provides the existing competitive scenario of some of the key players of the global pump jack market which includes company profiling ofGeneral Electric Company, Halliburton Energy Services, Inc., Star Hydraulics & Pneumatics, LLC., Cook Pump Company, Schlumberger Limited, Weatherford International plc, Dover Corporation, Tenaris S.A., Hess Corporation, Dansco Manufacturing, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global pump jack market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Request Report Sample@ https://www.kennethresearch.com/sample-request- 10078258 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

  4. Contact for more Info: AJ Daniel Email: sales@kennethresearch.com U.S. Phone: +1 313 462 0609

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