Jacking Oil Pump Market Report 2026

The jacking oil pump market size has grown strongly in recent years. It will grow from $1.27 billion in 2025 to $1.35 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to growth of power generation assets, reliance on hydrodynamic bearings, industrial machinery expansion, preventive maintenance practices, turbine installations.

The jacking oil pump market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to predictive maintenance adoption, power plant modernization, digital monitoring integration, equipment lifespan extension, industrial automation. Major trends in the forecast period include integration of condition monitoring systems, demand for high-reliability lubrication, adoption in heavy rotating machinery, focus on predictive maintenance, customization for turbine applications.

The rising global energy demand is expected to drive the growth of the jacking oil pump market going forward. Energy refers to the capacity to perform work or produce heat, motion, or light, existing in various forms such as kinetic, potential, thermal, and electrical energy. It is essential for powering natural and human-made processes. The rising energy demand is due to urbanization and industrialization, leading to higher consumption as cities expand and industries require more power. A jacking oil pump is used in energy production to lift turbine shafts with high-pressure oil during startup and shutdown, reducing friction and wear. It ensures smooth operation, enhances efficiency, and extends equipment lifespan. For instance, in July 2024, according to the International Energy Agency, a France-based intergovernmental organization, the global electricity demand grew by around 4% in 2024, up from 2.5% in 2023. Therefore, rising global energy demand is driving the growth of the jacking oil pump market.

Major companies operating in the jacking oil pump market are focusing on developing advanced innovations, such as IoT-enabled remote-monitoring and digital control systems, to gain a competitive advantage. These systems collect real-time sensor data from wells, apply remote controls and analytics, and enable predictive maintenance and autonomous adjustments to artificial-lift operations, thereby improving uptime, efficiency, and cost-effectiveness. For instance, in October 2025, Weatherford International, a Switzerland-based oilfield services company, launched its new “Industrial Intelligence” digital portfolio, part of which includes the WASP Distributed Fiber Optic Sensing system and edge-device controls, enabling continuous remote surveillance, real-time flow measurement, automated adjustments, and integration with cloud or on-site analytics. The system supports distributed fiber-optic sensing for downhole assets, edge-embedded control logic for lift optimization, and unified data modeling across wells. This trend strengthens reliability and operational insight, though widespread adoption may require upgrading legacy sites and investing in robust IoT infrastructure.

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 companies operating 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 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the jacking oil pump market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the jacking oil pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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.

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