Pumpjacks Market to Hit USD 6.6 Billion by 2035

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2025-09-30 13:57:08 -

The pumpjacks market, a critical segment of the oilfield equipment industry, is projected to grow from USD 3.8 billion in 2025 to USD 6.6 billion by 2035, advancing at a CAGR of 5.7%. This growth reflects the continued reliance on artificial lift systems to maintain crude oil production in both mature and marginal fields. Despite rising renewable energy adoption, pumpjacks remain...

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