Perforating Gun Market Revenue to outshine USD 987.6 MN By 2027
Posted On March 02, 2021
The Global Perforating Gun Market revenue is anticipated to grow to around USD 987.6 MN by 2027 with a CAGR of 3.5% during the year 2021-2027 as per the report published by Value Market Research. Perforating guns create an efficient communication path between a wellbore and a reservoir by punching holes. The rise in oil and gas E&P activities to find underlying oil and gas resources and produce enough fuel to meet the global demand will be the critical trending factors for the growth of this market. A drastic increase in the average well depth over the years and increased complexity of reservoir conditions will benefit this market's growth. These guns' ability to deliver maximum propulsion with increased reliability and safety will expand the market for shale gas explorations even under extreme downhole conditions. The growing use of renewable resources and the possibility of "skin damage," where debris from the perforations can hinder the well's productivity, are critical challenges of this market.
A perforating gun is used to punch a perforation pattern in oil and gas reservoirs to prepare production. Perforations in the casing or liner of an oil well connect it to the reservoir. The gun comprises four components, a conveyance for the shaped charge, such as a hollow carrier, the individual shaped charge, the detonator cord, and the detonator. The gun's diameter is typically determined by the presence of wellbore restrictions or limitations imposed by the surface equipment. These guns can punch holes of 0.23" to 0.72" in diameter. An efficient perforating gun is capable of carrying many dozens of explosive charges. Perf guns come in different sizes, pressure, and temperature ratings.
The elaborate study "Global Perforating Gun Market Report By Gun Type (Through Tubing Strip, Through Tubing Hollow Carrier, Tubing Conveyed Perforating, Wireline Conveyed Casting), By Well Pressure (Low Pressure Perforating Gun, High Pressure Perforating Gun), By Well Type (Horizontal Perforating Gun, Vertical Perforating Gun), By Depth (Up To 3,000 Ft, 3,000-8,000 Ft, Above 8,000 Ft) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of gun type the market is segmented into Through Tubing Strip, Through Tubing Hollow Carrier, Tubing conveyed Perforating, Wireline Conveyed Casting. By well pressure the perforating gun market is categorised as Low Pressure Perforating Gun, High Pressure Perforating Gun. By well type the perforating gun market is categorised as Horizontal Perforating Gun, Vertical Perforating Gun. Based on depth the perforating gun market is segmented as Up to 3,000 ft, 3,000-8,000 ft, Above 8,000 ft. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Perforating Gun Market -
By Gun Type
- Through Tubing Strip
- Through Tubing Hollow Carrier
- Tubing conveyed Perforating
- Wireline Conveyed Casting
By Well Pressure
- Low Pressure Perforating Gun
- High Pressure Perforating Gun
By Well Type
- Horizontal Perforating Gun
- Vertical Perforating Gun
- Up to 3,000 ft
- 3,000-8,000 ft
- Above 8,000 ft
- North America
- the Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
National Oilwell Varco, Inc., DYNAenergetics GmbH & Co KG, Yellowjacket Oilfield Services, L.L.C., Schlumberger N.V., Hunting PLC, Weatherford, ZaoNtfPerfotech, Tassaroli, Baker Hughes, and Core Laboratories.
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