Global Pumping Units for Oil Production Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Pumping Units for Oil Production market size was valued at US$ 1121 million in 2024 and is forecast to a readjusted size of USD 1832 million by 2031 with a CAGR of 6.8% during review period.

The pumping unit for Oil Production is a mechanical device used in oil extraction, mainly used to extract crude oil from underground oil reservoirs. It uses mechanical force to extract crude oil from underground oil wells to the ground for subsequent processing and storage. The pumping unit plays a vital role in the process of oil drilling and extraction, especially in the later development of oil fields, helping to improve the recovery rate of crude oil.

The scale of the pumping unit market is greatly affected by the demand for oil extraction. The demand for pumping units is relatively stable worldwide, especially in oil-rich regions such as the United States, Russia, and the Middle East. With the continuous development of the oil industry in China, India, and Southeast Asia, the demand for pumping units continues to grow. China's oil and gas exploration companies are gradually transitioning from traditional oilfield extraction equipment to more efficient pumping systems.

With the diversification of oilfield extraction conditions, the environmental conditions of different regions and oilfields have put forward more customized requirements for beam pumping units. For example, for extremely cold or high-salinity areas, the materials and structural designs of pumping units need to adapt to specific challenges. Therefore, the demand for customized and adaptable equipment continues to increase.

From the perspective of product type, beam pumping units dominate. As the main extraction equipment of oil fields, beam pumping units are also large electricity consumers in oil fields, accounting for 40% of the total electricity consumption of oil fields. With the increasingly stringent requirements for environmental protection and energy conservation, many conventional beam pumping units have been converted to energy-saving types.

Currently, the world's major companies include Schlumberger, Weatherford, Lufkin, CNPC, Shengli Oilfield Shengji Petroleum Equipment, Yanchang Petroleum and Liberty Lift Solutions. In 2024, the top 5 companies will account for more than 40% of the market share. With the advancement of technology and the diversification of market demand, competition in the market is becoming increasingly fierce.

This report is a detailed and comprehensive analysis for global Pumping Units for Oil Production market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Pumping Units for Oil Production market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Pumping Units for Oil Production market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Pumping Units for Oil Production market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Pumping Units for Oil Production market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Pumping Units for Oil Production

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Pumping Units for Oil Production market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Schlumberger, Lufkin, Weatherford, CNPC, Shengli Oilfield Shengji Petroleum Equipment, Shaanxi Yanchang Petroleum, Liberty Lift Solutions, Shengli Oilfield highland Petroleum Equipment, Dongying Freet Energy Equipment, Shandong Shenyu Machinery Manufacturing Co., Ltd., etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Pumping Units for Oil Production market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type

Beam Pumping Unit

Conventional Pumping Unit

Market segment by Application

Small and Medium Oil Fields

Large Oil Field

Extra Large Oil Field

Major players covered

Schlumberger

Lufkin

Weatherford

CNPC

Shengli Oilfield Shengji Petroleum Equipment

Shaanxi Yanchang Petroleum

Liberty Lift Solutions

Shengli Oilfield highland Petroleum Equipment

Dongying Freet Energy Equipment

Shandong Shenyu Machinery Manufacturing Co., Ltd.

Kelamayi Shengqi

North China Petroleum Rongsheng Machinery Manufacturing Co., Ltd.

Chengdu Xinze Machinery

Bokang Petroleum Engineering Technology

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Pumping Units for Oil Production product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Pumping Units for Oil Production, with price, sales quantity, revenue, and global market share of Pumping Units for Oil Production from 2020 to 2025.

Chapter 3, the Pumping Units for Oil Production competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Pumping Units for Oil Production breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Pumping Units for Oil Production market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Pumping Units for Oil Production.

Chapter 14 and 15, to describe Pumping Units for Oil Production sales channel, distributors, customers, research findings and conclusion.