Middle East & Africa Pump Jack Market Size & Outlook
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MEA pump jack market highlights
- The MEA pump jack market generated a revenue of USD 645.7 million in 2024.
- The market is expected to grow at a CAGR of 5.6% from 2025 to 2030.
- In terms of segment, vertical well was the largest revenue generating well type in 2024.
- Vertical Well is the most lucrative well type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 645.7 million |
| Market revenue in 2030 | USD 892.6 million |
| Growth rate | 5.6% (CAGR from 2025 to 2030) |
| Largest segment | Vertical well |
| Fastest growing segment | Vertical Well |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vertical Well, Horizontal Well |
| Key market players worldwide | Schlumberger Ltd, Halliburton Co, Weatherford International PLC Ordinary Shares - New, NOV Inc, Hess Corp, Bharat Heavy Electricals, Tenaris SA |
Other key industry trends
- In terms of revenue, MEA region accounted for 18.4% of the global pump jack market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,490.1 million by 2030.
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Pump Jack Market Scope
Pump Jack Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sivam | View profile | 11-50 | Spoltore, Abruzzi, Italy, Europe | https://www.sivam.com |
| Penguin Petroleum Services | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | https://www.penguinpetro.com |
| Bharat Heavy Electricals | View profile | 10001+ | New Delhi, Delhi, India, Asia | http://www.bhel.com |
| Hess Corp | View profile | 1756 | 1185 Avenue of the Americas, New York, NY, United States, 10036 | https://www.hess.com |
| Tenaris SA | View profile | 29134 | 26, Boulevard Royal, 4th Floor, Luxembourg, Luxembourg, L-2449 | https://www.tenaris.com |
| NOV Inc | View profile | 33676 | 10353 Richmond Avenue, Houston, TX, United States, 77042-4103 | https://www.nov.com |
| Weatherford International PLC Ordinary Shares - New | View profile | 18500 | 2000 Street James Place, Houston, TX, United States, 77056 | https://www.weatherford.com |
| Halliburton Co | View profile | 49000 | 3000 North Sam Houston Parkway East, Houston, TX, United States, 77032 | https://www.halliburton.com |
| Schlumberger Ltd | View profile | 111000 | 5599 San Felipe, 17th Floor, Houston, TX, United States, 77056 | https://www.slb.com |
Middle East & Africa pump jack market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pump jack market will help companies and investors design strategic landscapes.
Vertical well was the largest segment with a revenue share of 67.46% in 2024. Horizon Databook has segmented the Middle East & Africa pump jack market based on vertical well, horizontal well covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of pump jack market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa pump jack market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pump jack market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pump jack market size, by country, 2018-2030 (US$M)
Middle East & Africa Pump Jack Market Outlook Share, 2024 & 2030 (US$M)
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