PUBLISHER: The Business Research Company | PRODUCT CODE: 1730919
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730919
A jacking oil pump is a compact, high-pressure device that delivers lubricating oil to the bearings of large rotating machinery, such as turbines and motors, during startup and shutdown. It aids in slightly lifting the shaft, minimizing friction and wear, until the main lubrication system takes over. This pump is crucial for equipment using hydrodynamic bearings, which rely on a thin oil film to support the shaft.
The primary types of jacking oil pumps are low-pressure and high-pressure. Low-pressure models are designed to provide a consistent and controlled flow of lubrication at low pressure. The types of jacking oil pumps include electric, pneumatic, hydraulic, and manual variants. These pumps are distributed through various channels such as online sales, direct sales, distributors, resellers, and retail outlets. They are used in automobile engines, marine engines, generator sets, industrial machinery, and aircraft engines, with applications across industries such as oil and gas, manufacturing, construction, vehicle maintenance, and agriculture.
The jacking oil pump market research report is one of a series of new reports from The Business Research Company that provides jacking oil pump market statistics, including jacking oil pump industry global market size, regional shares, competitors with a jacking oil pump market share, detailed jacking oil pump market segments, market trends and opportunities, and any further data you may need to thrive in the jacking oil pump industry. This jacking oil pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The jacking oil pump market size has grown strongly in recent years. It will grow from $1.21 billion in 2024 to $1.29 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth observed in the historical period can be attributed to factors such as the rise in oil exploration, an increase in drilling activities, growth in offshore projects, a surge in deepwater drilling, and a rise in petrochemical demand.
The jacking oil pump market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth projected for the forecast period is driven by the expansion of shale production, increased offshore exploration, higher energy demand, growing infrastructure development, and advancements in oil extraction processes. Key trends expected during this period include technological advancements, AI-driven pump monitoring, automation in drilling, the use of blockchain in oil transactions, and the integration of IoT.
The increasing global demand for energy is expected to drive the growth of the jacking oil pump market in the future. Energy, which exists in forms such as kinetic, potential, thermal, and electrical energy, is vital for powering both natural and man-made processes. This growing demand is primarily driven by urbanization and industrialization, leading to higher consumption as cities expand and industries require more power. A jacking oil pump plays a crucial role in energy production by lifting turbine shafts with high-pressure oil during startup and shutdown, which reduces friction and wear. This process ensures smoother operation, improves efficiency, and extends the lifespan of equipment. For example, in July 2024, the International Energy Agency reported that global electricity demand increased by approximately 4% in 2024, up from 2.5% in 2023. This surge in energy demand is contributing to the growth of the jacking oil pump market.
Leading companies in the jacking oil pump market are focusing on strategic alliances. A strategic partnership brings together two or more companies to enhance their competitive edge, broaden market reach, or improve operations. For example, in December 2022, Motive Technologies Inc., a US-based technology company, joined forces with Settima Meccanica S.R.L, an Italian company known for manufacturing low-noise, low-vibration pumps. This partnership aimed to integrate advanced pump technology, foster product innovation, and explore new market opportunities. By leveraging Settima Meccanica's expertise, the collaboration seeks to enhance the efficiency and performance of jacking oil pumps, addressing the growing demand for quieter and more reliable systems in energy production. Similarly, industry leaders are investing in research and development to create innovative solutions that increase equipment durability, reduce maintenance costs, and optimize energy consumption.
In January 2024, National Oilwell Varco Inc., a US-based provider of technology, equipment, and services to the oil and gas industry, acquired Extract Companies LLC for an undisclosed amount. The goal of this acquisition is to enhance NOV's offerings by leveraging expertise in artificial lift technologies, thereby positioning the company to meet the increasing demand in the oil and gas sector. Extract Companies LLC is a US-based manufacturer of oil pump jacks.
Major players in the jacking oil pump market are Parker Hannifin Corporation, SPX FLOW Inc., Enerpac Tool Group, Kirloskar Brothers Limited, Duplomatic Motion Solutions S.p.A., Settima Meccanica S.r.l., Atlantic Hydraulic Systems Inc., Powertherm Engineering Pvt. Ltd., Shandong Rongli Petroleum Machinery Co. Ltd., Dongfang Yoyik (Deyang) Engineering Co. Ltd., Deyang YOYIK Environmental Protection Technology Co. Ltd., Kaifeng Dafang Prestressed Co. Ltd., Hydratight Limited, Haskel International Inc., Hi-Force Hydraulic Tools (UK) Ltd., Hydrosila Group, Bosch Rexroth AG, Poclain Hydraulics SAS, Rotary Power Hydraulics Ltd., Hydac International GmbH.
North America was the largest region in the jacking oil pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in jacking oil pump report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the jacking oil pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The jacking oil pump market consists of sales of motor-driven jacking oil pumps, engine-driven jacking oil pumps, gear-driven jacking oil pumps, progressing cavity jacking oil pumps, and centrifugal jacking oil pumps. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Jacking Oil Pump Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on jacking oil pump market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for jacking oil pump ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The jacking oil pump market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.