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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, 2021-2028
ID:VMR11214016
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Perforating Gun Market Overview
The key driver impacting the perforating the gun market is the rising oil and gas production. For instance, According to the International Energy Agency, the global oil production accounts for 98.1 Mb/d in 2018, slightly increased from the 2018 daily production level of 97.7 Mb/d. This increase in world oil production was majorly driven by the United States, where production raised by 10.9% as compared to 2018. According to the International Association of oil and gas producer report (2018), the worldwide demand for oil in 2018 was 30% higher than 2000. The growing demand leads to more production of oil and gas in the coming years thus, impacts the market positively. Moreover, the growing focus on maximizing productivity from well irrespective of reservoir fluid challenges is fuelling advancement in perforated gun design.
The increase in shale gas exploration and production is predicted to enhance market demand in the forecast period. Growing investment to add new oil and gas production capacities and operate existing assets safely and sustainably over the period to deliver output levels that can meet forecasted demand encourages market growth. However, the growing trend towards renewable energy generation hampers the growth of the global perforating gun market. The rising inclination towards renewable energy due to environmental concerns is likely to slow down the perforating gun market. Renewable energy sources are anticipated to take a significant share of the energy mix. The percentage and contribution of renewables will swell, driven by strong growth in solar and wind. The current industry trends, such as rising technological advancement in perforation technology and the rising popularity of horizontal well development, are expected to provide beneficial market opportunities for the key market players in the coming years.
The perforating gun market is vast, with a large number of local and global players. The key leaders follow numerous strategies to enhance their market position, such as acquisitions, extending product portfolio, expansions, mergers, and product innovations to strengthen their market share at the global scale. The report studies a few key players of the global xxx market in detail, covering the company profile, product list, and financial information. The companies included in the report are 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.
In this research report, the market is segmented by gun type, well type, well pressure, depth end-user, and region.
Analysis by Gun Type
By gun type, the report is categorized into through tubing strip, through tubing hollow carrier, tubing conveyed perforating, and wireline conveyed casting. The through tubing hollow carrier is the dominating segment in the forecast period. Hollow carrier guns perform better than exposed guns as hollow carrier gun use more enormous charges with optimized phasing and high shot density. The tubing-conveyed perforating segment is estimated to grow dramatically in the coming years. Tubing conveyed perforating segment is driven by two significant factors: operational advantages and growing popularity of horizontal wells. Increased requirement for horizontal wells has pushed forward the demand for the tubing-conveyed perforating gun as it is the only means of accessing higher depth.
Analysis by Well Type
By well type, the report is categorized into a horizontal perforating gun and a vertical perforating gun. The horizontal segment is dominant as the well type segment during the forecast period. The horizontal perforating technique is widely applied due to good economic and social benefits. Its application enhances operational safety and efficiency, significantly reduces environmental pollution. Owing to these benefits, horizontal perforated technology is being developed and gradually is becoming the primary means of horizontal well completions. The technique is being increasingly applied in China due to its production effectiveness, which is better than that of vertical wells.
Analysis by Well Pressure
By well pressure, the report is categorized into Low pressure perforating gun and high pressure perforating gun. Low pressure perforating gun dominates the well pressure segment in the forecast period. The high-pressure wells are aggressive in nature. In spite of new developments in well technology, the regular instruments are not capable of maintaining high temperatures and high pressure in these wells. Due to this challenge, majorly low-pressure wells are preferred.
Analysis by Depth
By depth, the report is categorized into Up to 3,000 ft, 3,000-8,000 ft, and Above 8,000 ft. The Above 8,000 ft dominates the by depth segment in the forecast period. The rising demand for oil and gas leads to rise in the average well depth over the years. The perforating guns are intended to grasp a range of explosive charges, lowered in the well up to the depth where the link to the reservoir is ended.
Analysis, by Region
In the regional outlook of the global perforating gun market, North America keeps on being the most dynamic exploration and production deal market in the worldwide oil and gas industry. This is due to its overall monetary quality, appealing resource base, and lower geographic risk profile. Increasing exploration and activities in tight oil and shale reserves and shifting from vertical to horizontal wells is the most crucial change to drive perforated gun demand. The Middle East and Africa is another prominent market for perforating guns. On-going investments by oil & gas for drilling activities are expected to create new avenues for the regional perforating gun market.
Market Segmentation covered in the Report:
By Gun Type
The key driver impacting the perforating the gun market is the rising oil and gas production. For instance, According to the International Energy Agency, the global oil production accounts for 98.1 Mb/d in 2018, slightly increased from the 2018 daily production level of 97.7 Mb/d. This increase in world oil production was majorly driven by the United States, where production raised by 10.9% as compared to 2018. According to the International Association of oil and gas producer report (2018), the worldwide demand for oil in 2018 was 30% higher than 2000. The growing demand leads to more production of oil and gas in the coming years thus, impacts the market positively. Moreover, the growing focus on maximizing productivity from well irrespective of reservoir fluid challenges is fuelling advancement in perforated gun design.
According to Value Market Research, the global market was valued at around USD 750 million in 2019 and is estimated to grow at a CAGR of about 3.5% during the forecast period of 2020-2026.
The increase in shale gas exploration and production is predicted to enhance market demand in the forecast period. Growing investment to add new oil and gas production capacities and operate existing assets safely and sustainably over the period to deliver output levels that can meet forecasted demand encourages market growth. However, the growing trend towards renewable energy generation hampers the growth of the global perforating gun market. The rising inclination towards renewable energy due to environmental concerns is likely to slow down the perforating gun market. Renewable energy sources are anticipated to take a significant share of the energy mix. The percentage and contribution of renewables will swell, driven by strong growth in solar and wind. The current industry trends, such as rising technological advancement in perforation technology and the rising popularity of horizontal well development, are expected to provide beneficial market opportunities for the key market players in the coming years.
The perforating gun market is vast, with a large number of local and global players. The key leaders follow numerous strategies to enhance their market position, such as acquisitions, extending product portfolio, expansions, mergers, and product innovations to strengthen their market share at the global scale. The report studies a few key players of the global xxx market in detail, covering the company profile, product list, and financial information. The companies included in the report are 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.
In this research report, the market is segmented by gun type, well type, well pressure, depth end-user, and region.
Analysis by Gun Type
By gun type, the report is categorized into through tubing strip, through tubing hollow carrier, tubing conveyed perforating, and wireline conveyed casting. The through tubing hollow carrier is the dominating segment in the forecast period. Hollow carrier guns perform better than exposed guns as hollow carrier gun use more enormous charges with optimized phasing and high shot density. The tubing-conveyed perforating segment is estimated to grow dramatically in the coming years. Tubing conveyed perforating segment is driven by two significant factors: operational advantages and growing popularity of horizontal wells. Increased requirement for horizontal wells has pushed forward the demand for the tubing-conveyed perforating gun as it is the only means of accessing higher depth.
Analysis by Well Type
By well type, the report is categorized into a horizontal perforating gun and a vertical perforating gun. The horizontal segment is dominant as the well type segment during the forecast period. The horizontal perforating technique is widely applied due to good economic and social benefits. Its application enhances operational safety and efficiency, significantly reduces environmental pollution. Owing to these benefits, horizontal perforated technology is being developed and gradually is becoming the primary means of horizontal well completions. The technique is being increasingly applied in China due to its production effectiveness, which is better than that of vertical wells.
Analysis by Well Pressure
By well pressure, the report is categorized into Low pressure perforating gun and high pressure perforating gun. Low pressure perforating gun dominates the well pressure segment in the forecast period. The high-pressure wells are aggressive in nature. In spite of new developments in well technology, the regular instruments are not capable of maintaining high temperatures and high pressure in these wells. Due to this challenge, majorly low-pressure wells are preferred.
Analysis by Depth
By depth, the report is categorized into Up to 3,000 ft, 3,000-8,000 ft, and Above 8,000 ft. The Above 8,000 ft dominates the by depth segment in the forecast period. The rising demand for oil and gas leads to rise in the average well depth over the years. The perforating guns are intended to grasp a range of explosive charges, lowered in the well up to the depth where the link to the reservoir is ended.
Analysis, by Region
In the regional outlook of the global perforating gun market, North America keeps on being the most dynamic exploration and production deal market in the worldwide oil and gas industry. This is due to its overall monetary quality, appealing resource base, and lower geographic risk profile. Increasing exploration and activities in tight oil and shale reserves and shifting from vertical to horizontal wells is the most crucial change to drive perforated gun demand. The Middle East and Africa is another prominent market for perforating guns. On-going investments by oil & gas for drilling activities are expected to create new avenues for the regional perforating gun market.
Market Segmentation covered in the Report:
By Gun Type
- Through Tubing Strip
- Through Tubing Hollow Carrier
- Tubing conveyed Perforating
- Wireline Conveyed Casting
- Low Pressure perforating gun
- High Pressure perforating gun
- Horizontal perforating gun
- Vertical perforating gun
- Up to 3,000 ft
- 3,000-8,000 ft
- Above 8,000 ft
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . PERFORATING GUN – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Gun Type
3.7.2 By Well Pressure
3.7.3 By Well Type
3.7.4 By Depth
3.7.5 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL PERFORATING GUN MARKET ANALYSIS BY GUN TYPE
6.1 Overview by Gun Type
6.2 Historical and Forecast Data
6.3 Analysis by Gun Type
6.4 Through Tubing Strip Market by Regions
6.5 Through Tubing Hollow Carrier Market by Regions
6.6 Tubing conveyed Perforating Market by Regions
6.7 Wireline Conveyed Casting Market by Regions
7 . GLOBAL PERFORATING GUN MARKET ANALYSIS BY WELL PRESSURE
7.1 Overview by Well Pressure
7.2 Historical and Forecast Data
7.3 Analysis by Well Pressure
7.4 Low Pressure perforating gun Market by Regions
7.5 High Pressure perforating gun Market by Regions
8 . GLOBAL PERFORATING GUN MARKET ANALYSIS BY WELL TYPE
8.1 Overview by Well Type
8.2 Historical and Forecast Data
8.3 Analysis by Well Type
8.4 Horizontal perforating gun Market by Regions
8.5 Vertical perforating gun Market by Regions
9 . GLOBAL PERFORATING GUN MARKET ANALYSIS BY DEPTH
9.1 Overview by Depth
9.2 Historical and Forecast Data
9.3 Analysis by Depth
9.4 Up to 3,000 ft Market by Regions
9.5 3,000-8,000 ft Market by Regions
9.6 Above 8,000 ft Market by Regions
10 . GLOBAL PERFORATING GUN MARKET ANALYSIS BY GEOGRAPHY
10.1. Regional Outlook
10.2. Introduction
10.3. North America
10.3.1. Overview, Historic and Forecast Data
10.3.2. North America By Segment
10.3.3. North America By Country
10.3.4. United State
10.3.5. Canada
10.3.6. Mexico
10.4. Europe
10.4.1. Overview, Historic and Forecast Data
10.4.2. Europe by Segment
10.4.3. Europe by Country
10.4.4. United Kingdom
10.4.5. France
10.4.6. Germany
10.4.7. Italy
10.4.8. Russia
10.4.9. Rest Of Europe
10.5. Asia Pacific
10.5.1. Overview, Historic and Forecast Data
10.5.2. Asia Pacific by Segment
10.5.3. Asia Pacific by Country
10.5.4. China
10.5.5. India
10.5.6. Japan
10.5.7. South Korea
10.5.8. Australia
10.5.9. Rest Of Asia Pacific
10.6. Latin America
10.6.1. Overview, Historic and Forecast Data
10.6.2. Latin America by Segment
10.6.3. Latin America by Country
10.6.4. Brazil
10.6.5. Argentina
10.6.6. Peru
10.6.7. Chile
10.6.8. Rest of Latin America
10.7. Middle East & Africa
10.7.1. Overview, Historic and Forecast Data
10.7.2. Middle East & Africa by Segment
10.7.3. Middle East & Africa by Country
10.7.4. Saudi Arabia
10.7.5. UAE
10.7.6. Israel
10.7.7. South Africa
10.7.8. Rest Of Middle East And Africa
11 . COMPETITIVE LANDSCAPE OF THE PERFORATING GUN COMPANIES
11.1. Perforating Gun Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments
12 . COMPANY PROFILES OF PERFORATING GUN INDUSTRY
12.1. Company Share Analysis
12.2. Market Concentration Rate
12.3. National Oilwell Varco, Inc.
12.3.1. Company Overview
12.3.2. Financials
12.3.3. Products
12.3.4. Recent Developments
12.4. DYNAenergetics GmbH & Co KG
12.4.1. Company Overview
12.4.2. Financials
12.4.3. Products
12.4.4. Recent Developments
12.5. Yellowjacket Oilfield Services
12.5.1. Company Overview
12.5.2. Financials
12.5.3. Products
12.5.4. Recent Developments
12.6. L.L.C.
12.6.1. Company Overview
12.6.2. Financials
12.6.3. Products
12.6.4. Recent Developments
12.7. Schlumberger N.V.
12.7.1. Company Overview
12.7.2. Financials
12.7.3. Products
12.7.4. Recent Developments
12.8. Hunting PLC
12.8.1. Company Overview
12.8.2. Financials
12.8.3. Products
12.8.4. Recent Developments
12.9. Weatherford
12.9.1. Company Overview
12.9.2. Financials
12.9.3. Products
12.9.4. Recent Developments
12.10. ZaoNtfPerfotech
12.10.1. Company Overview
12.10.2. Financials
12.10.3. Products
12.10.4. Recent Developments
12.11. Tassaroli
12.11.1. Company Overview
12.11.2. Financials
12.11.3. Products
12.11.4. Recent Developments
12.12. Baker Hughes
12.12.1. Company Overview
12.12.2. Financials
12.12.3. Products
12.12.4. Recent Developments
12.13. Core Laboratories
12.13.1. Company Overview
12.13.2. Financials
12.13.3. Products
12.13.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Gun Type (USD MN)
- Through Tubing Strip Market by Geography (USD MN)
- Through Tubing Hollow Carrier Market by Geography (USD MN)
- Tubing conveyed Perforating Market by Geography (USD MN)
- Wireline Conveyed Casting Market by Geography (USD MN)
- Analysis Market by Well Pressure (USD MN)
- Low Pressure perforating gun Market by Geography (USD MN)
- High Pressure perforating gun Market by Geography (USD MN)
- Analysis by Well Type (USD MN)
- Horizontal perforating gun Market by Geography (USD MN)
- Vertical perforating gun Market by Geography (USD MN)
- Analysis by Depth (USD MN)
- Up to 3,000 ft Market by Geography (USD MN)
- 3,000-8,000 ft Market by Geography (USD MN)
- Above 8,000 ft Market by Geography (USD MN)
- Global Perforating Gun Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Perforating Gun Report
- Market Research Process
- Market Research Methodology
- Global Perforating Gun Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Gun Type
- Market Attractiveness Analysis by Well Pressure
- Market Attractiveness Analysis by Well Type
- Market Attractiveness Analysis by Depth
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Gun Type (USD MN)
- Through Tubing Strip Market by Geography (USD MN)
- Through Tubing Hollow Carrier Market by Geography (USD MN)
- Tubing conveyed Perforating Market by Geography (USD MN)
- Wireline Conveyed Casting Market by Geography (USD MN)
- Global Market Analysis by Well Pressure (USD MN)
- Low Pressure perforating gun Market by Geography (USD MN)
- High Pressure perforating gun Market by Geography (USD MN)
- Global Market Analysis by Well Type (USD MN)
- Horizontal perforating gun Market by Geography (USD MN)
- Vertical perforating gun Market by Geography (USD MN)
- Global Market Analysis by Depth (USD MN)
- Up to 3,000 ft Market by Geography (USD MN)
- 3,000-8,000 ft Market by Geography (USD MN)
- Above 8,000 ft Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments