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Stock impact report

Pump Jack Market Size Valuation to Reach US$ 6 Billion by 2034, With a 5.8% CAGR | Future Market Insights, Inc. [Yahoo! Finance]

Schlumberger N.V. (SLB) 
Last schlumberger n.v. earnings: 4/17 06:50 am Check Earnings Report
US:NYSE Investor Relations: investorcenter.slb.com
Company Research Source: Yahoo! Finance
NEWARK, Del, April 23, 2024 (GLOBE NEWSWIRE) -- The pump jack market value is estimated to be US$ 3.4 billion in 2024. The demand for oilfield pump jacks is expected to increase at a CAGR of from 2024 to 2034. By the end of the forecast period, the net worth of the market is expected to reach US$ 6 billion Growing extraction efforts in the shale gas and fossil oil sector are expected to drive the demand for oilfield pump jacks over the projected years. Pump jack industry trends also appeal to a range of producers as it offers a more economical way of extracting oil and gas in comparison to more intricate and costly extraction techniques. Modern technologies to remotely monitor pump jacks have enhanced their operational effectiveness by enabling real-time data analysis and control. Connectivity with the Internet of Things (IoT) devices has further boosted the product outlook in the present market landscape. Gain Valuable Insights from Industry Experts to Shape Your Growth Strate Show less Read more
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