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Pumpjacks Market Share

Report ID: GMI9232
Published Date: Apr 2024
Report Format: PDF

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Pumpjacks Market Share

Global Hygienic Pumps and Valves Market Share Analysis, 2023

Pumpjacks industy seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as Weatherford International, Schlumberger Limited, National Oilwell Varco, Inc., General Electric Company, Dover Corporation, Borets International Limited, Tenaris S.A. and Lufkin Industries LLC collectively held around 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Pumpjacks Market Companies

Major players operating in the pumpjacks industry are:

Baker Hughes Company
Borets International Limited
Canadian Advanced ESP Inc.
Cavins Oil Well Tools
Dover Corporation
FMC Technologies Inc.
Gardner Denver Holdings Inc.
General Electric Company
Halliburton Company
Lufkin Industries LLC
National Oilwell Varco, Inc.
Occidental Petroleum Corporation
Schlumberger Limited
Tenaris S.A.
Weatherford International

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of pumpjacks was crossed USD 3.4 billion in 2023 and is expected to register 5.7% CAGR from 2024 to 2032, owing to the usage and incorporation of hydraulic fracturing (fracking) and horizontal drilling techniques worldwide.

Pumpjacks industry from the conventional pumps segment recorded USD 1.3 billion in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to requirement to operate successfully and economically, particularly in mature oil fields.

North America pumpjacks industry reached USD 700 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to possessing significant reserves of crude oil, particularly in regions such as Texas, North Dakota, and Alberta.

Gardner Denver Holdings Inc., General Electric Company, Halliburton Company, Lufkin Industries LLC, National Oilwell Varco, Inc., Occidental Petroleum Corporation, Schlumberger Limited, Tenaris S.A., and Weatherford International, are some of the major pumpjacks companies worldwide.