Perforating Gun Market - Global Forecast to 2022 - Product Image

Perforating Gun Market - Global Forecast to 2022

  • ID: 4423488
  • Report
  • Region: Global
  • 151 Pages
  • Markets and Markets
1 of 6
The Global Perforating Gun Market is Projected to Grow at a CAGR of 3.71%, During the Forecast Period, from an Estimated USD 749.0 Million in 2017 to a Projected USD 898.7 Million

FEATURED COMPANIES

  • Baker Hughes
  • Dynaenergetics
  • Halliburton
  • National Oilwell Varco
  • Promperforator
  • Tassaroli
  • MORE

The perforating gun market is projected to reach USD 898.7 million by 2022, at a CAGR of 3.71%, from 2017 to 2022. The increase in oil & gas production, increased shale exploration, growing complexity of reservoir conditions, and increase in average well depth over the years are the major drivers of the perforating gun market.

The increase in demand for oil and scarcity of supply due to a drop in oil production by OPEC and non-OPEC countries to stabilize oil prices has led to investments in the upstream oil & gas activities. The major oil & gas companies see the increasing demand as an opportunity for their upstream businesses, which will ultimately drive the perforating gun market.  Increasing focus on renewable energy resources for producing electricity could hinder the oil & gas industry, which could impact the market for perforating guns.

The wireline conveyed casing gun sub-segment is estimated to be the largest gun type market during the forecast period.

There are various advantages of wireline conveyed casing guns over other wireline guns which make them the preferred choice in most well formations. These include high charge performance, low cost of the gun, high pressure and temperature ratings, high electrical and mechanical reliability, minimal casing damage, and minimal debris. These guns provide functions such as instant shot detection, multi-phasing, and variable shot densities of 1 to 12 shots per foot. These factors are expected to drive the wireline conveyed casing gun market.

The market in North America is expected to be the fastest-growing market for perforating guns, closely followed by the Middle East. The US, Canadian, and Mexican governments are looking to invest heavily in the upstream oil & gas industry to reduce imports and move toward self-sustainability.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The Distribution of Primary Interviews is as Follows:

  • By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%
  • By Designation: C-Level- 35%, Manager Level- 25%, Others- 40%
  • By Region: North America- 60%, Europe- 30%, Asia-Pacific- 10%

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = USD 10 billion to USD 20 billion, and Tier 3 = <USD 10 billion.

The leading players in the perforating gun market include Baker Hughes (US), Schlumberger (US), Halliburton (US), Weatherford (US), National Oilwell Varco (US), DynaEnergetics (Germany), Hunting (UK), and Yellow Jacket Oil Tools (US).

Research Coverage:

The report defines, describes, and forecasts the global perforating gun market by gun type, well type, well depth, well pressure, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, and key issues. It also covers various important aspects of the market.

Why Buy this Report?

  • The report identifies and addresses key solution operators for perforating guns which would help solution providers review the growth in the demand for services.
  • The report helps solution providers understand the pulse of the market and provides insights into drivers, restraints, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Baker Hughes
  • Dynaenergetics
  • Halliburton
  • National Oilwell Varco
  • Promperforator
  • Tassaroli
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Perforating Guns Market: Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions of the Research Study

3 Executive Summary

4 Premium Insights
4.1 Perforating Gun Market, By Country
4.2 Perforating Gun Market, By Well Type
4.3 Perforating Gun Market, By Well Pressure
4.4 Perforating Gun Market, By Gun Type
4.5 North American Perforating Gun Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Oil & Gas Production
5.2.1.2 Increase in the Average Well Depth Over the Years
5.2.1.3 Growing Complexity of Reservoir Conditions
5.2.1.4 Increased Shale Gas Exploration
5.2.2 Restraints
5.2.2.1 Declining Number of Newly Drilled Wells
5.2.2.2 Increasing Focus on Renewable Energy
5.2.3 Opportunities
5.2.3.1 Advances in Perforation Technology
5.2.3.2 Reperforation of Old Wells
5.2.4 Challenges
5.2.4.1 Anti-Terrorism Regulations Restricting the Use of New Explosives
5.2.4.2 Success Rate of Exploration
5.3 Perforating Gun Market Ecosystem
5.3.1 Equipment Manufacturers
5.3.2 Systems Providers
5.3.3 Oilfield Operators

6 Perforating Gun Market, By Gun Type
6.1 Introduction
6.2 Through Tubing Hollow Carrier
6.3 Wireline Conveyed Casing
6.4 Through Tubing Strip
6.5 Tubing Conveyed Perforating

7 Perforating Gun Market, By Depth
7.1 Introduction
7.2 Up to 3,000 ft.
7.3 3,000-8,000 ft.
7.4 Above 8,000 ft.

8 Perforating Gun Market, By Well Type
8.1 Introduction
8.2 Horizontal
8.3 Vertical

9 Perforating Gun Market, By Well Pressure
9.1 Introduction
9.2 High Pressure
9.3 Low Pressure

10 Perforating Gun Market, By Region
10.1 Introduction
10.2 North America
10.2.1 By Gun Type
10.2.2 By Well Type
10.2.3 By Well Pressure
10.2.4 By Depth
10.2.5 By Country
10.2.5.1 US
10.2.5.2 Canada
10.2.5.3 Mexico
10.3 South America
10.3.1 By Gun Type
10.3.2 By Well Type
10.3.3 By Well Pressure
10.3.4 By Depth
10.3.5 By Country
10.3.5.1 Venezuela
10.3.5.2 Brazil
10.3.5.3 Ecuador
10.3.5.4 Argentina
10.3.5.5 Rest of South America
10.4 Europe
10.4.1 By Well Type
10.4.2 By Well Type
10.4.3 By Well Pressure
10.4.4 By Depth
10.4.5 By Country
10.4.5.1 Russia
10.4.5.2 UK
10.4.5.3 Norway
10.4.5.4 Kazakhstan
10.4.5.5 Rest of Europe
10.5 Asia Pacific
10.5.1 By Gun Type
10.5.2 By Well Type
10.5.3 By Well Pressure
10.5.4 By Depth
10.5.5 By Country
10.5.5.1 Australia
10.5.5.2 India
10.5.5.3 Malaysia
10.5.5.4 China
10.5.5.5 Indonesia
10.5.5.6 Rest of Asia Pacific
10.6 Middle East
10.6.1 By Gun Type
10.6.2 By Well Type
10.6.3 By Well Pressure
10.6.4 By Depth
10.6.5 By Country
10.6.5.1 Saudi Arabia
10.6.5.2 Iraq & Kurdistan
10.6.5.3 Iran
10.6.5.4 UAE
10.6.5.5 Rest of the Middle East
10.7 Africa
10.7.1 By Gun Type
10.7.2 By Well Type
10.7.3 By Well Pressure
10.7.4 By Depth
10.7.5 By Country
10.7.5.1 Algeria
10.7.5.2 Libya
10.7.5.3 Nigeria
10.7.5.4 Angola
10.7.5.5 Rest of Africa

11 Competitive Landscape
11.1 Introduction
11.1.1 Key Company Focus Area
11.1.1.1 Growth Strategies in the Perforating Gun Market
11.2 Market Ranking Analysis
11.2.1 Global Market Scenario
11.3 Competitive Situations & Trends
11.3.1 Contracts & Agreements, 2015-2017
11.3.2 New Product Developments
11.3.3 Investments & Expansions
11.3.4 Mergers & Acquisitions

12 Company Profiles
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
12.1 Baker Hughes
12.2 Schlumberger
12.3 Weatherford
12.4 Halliburton
12.5 National Oilwell Varco
12.6 Dynaenergetics
12.7 Hunting PLC
12.8 Yellow Jacket Oil Tool
12.9 Promperforator
12.10 Core Laboratories
12.11 Shaanxi Fype Rigid Machinery
12.12 Zao Ntf Perfotech
12.13 Tassaroli
12.14 FHE USA
12.15 Oiltech Service

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide

List of Tables

Table 1 Perforating Gun Market Snapshot
Table 2 Perforating Gun Market Size, By Gun Type, 2015-2022 (USD Million)
Table 3 Through Tubing Hollow Carrier: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 4 Wireline Conveyed Casing: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 5 Through Tubing Strip: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 6 Tubing Conveyed Perforating: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 7 Perforating Gun Market Size, By Depth, 2015-2022 (USD Million)
Table 8 Up to 3,000 ft.: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 9 3,000-8,000 ft.: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 10 Above 8,000 ft.: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 11 The Vertical Well Segment is Expected to Hold the Largest Market Share During the Forecast Period
Table 12 Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 13 Horizontal: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 14 Vertical: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 15 Perforating Gun Market Size, By Well Pressure, 2015-2022 (USD Million)
Table 16 High Pressure: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 17 Low Pressure: Perforating Gun Market Size, By Region, 2015-2022 (USD Million)
Table 18 Perforating Gun Market, By Region, 2015-2022 (USD Million)
Table 19 North America: Perforating Gun Market Size, By Gun Type, 2015-2022 (USD Million)
Table 20 North America: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 21 North America: Perforating Gun Market Size, By Well Pressure, 2015-2022 (USD Million)
Table 22 North America: Perforating Gun Market Size, By Depth, 2015-2022 (USD Million)
Table 23 North America: Perforating Gun Market Size, By Country, 2015-2022 (USD Million)
Table 24 US: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 25 Canada: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 26 Mexico: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 27 South America: Perforating Gun Market Size, By Gun Type, 2015-2022 (USD Million)
Table 28 South America: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 29 South America: Perforating Gun Market Size, By Well Pressure, 2015-2022 (USD Million)
Table 30 South America: Perforating Gun Market Size, By Depth, 2015-2022 (USD Million)
Table 31 South America: Perforating Gun Market Size, By Country, 2015-2022 (USD Million)
Table 32 Venezuela: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 33 Brazil: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 34 Ecuador: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 35 Argentina: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 36 Rest of South America: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 37 Europe: Perforating Gun Market Size, By Gun Type, 2015-2022 (USD Million)
Table 38 Europe: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 39 Europe: Perforating Gun Market Size, By Well Pressure, 2015-2022 (USD Million)
Table 40 Europe: Perforating Gun Market Size, By Depth, 2015-2022 (USD Million)
Table 41 Europe: Perforating Gun Market Size, By Country, 2015-2022 (USD Million)
Table 42 Russia: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 43 UK: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 44 Norway: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 45 Kazakhstan: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 46 Rest of Europe: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 47 Asia Pacific: Perforating Gun Market Size, By Gun Type, 2015-2022 (USD Million)
Table 48 Asia Pacific: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 49 Asia Pacific: Perforating Gun Market Size, By Well Pressure, 2015-2022 (USD Million)
Table 50 Asia Pacific: Perforating Gun Market Size, By Depth, 2015-2022 (USD Million)
Table 51 Asia Pacific: Perforating Gun Market Size, By Country, 2015-2022 (USD Million)
Table 52 Australia: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 53 India: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 54 Malaysia: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 55 China: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 56 Indonesia: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 57 Rest of Asia Pacific: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 58 Middle East: Perforating Gun Market Size, By Gun Type, 2015-2022 (USD Million)
Table 59 Middle East: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 60 Middle East: Perforating Gun Market Size, By Well Pressure, 2015-2022 (USD Million)
Table 61 Middle East: Perforating Gun Market Size, By Depth, 2015-2022 (USD Million)
Table 62 Middle East: Perforating Gun Market Size, By Country, 2015-2022 (USD Million)
Table 63 Saudi Arabia: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 64 Iraq & Kurdistan: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 65 Iran: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 66 UAE: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 67 Rest of the Middle East: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 68 Africa: Perforating Gun Market Size, By Gun Type, 2015-2022 (USD Million)
Table 69 Africa: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)
Table 70 Africa: Perforating Gun Market Size, By Well Pressure, 2015-2022 (USD Million)
Table 71 Africa: Perforating Gun Market Size, By Depth, 2015-2022 (USD Million)
Table 72 Africa: Perforating Gun Market Size, By Country, 2015-2022 (USD Million)
Table 73 Algeria: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 74 Libya: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 75 Nigeria: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 76 Angola: Perforating Gun Market, By Well Type, 2015-2022 (USD Million)
Table 77 Rest of Africa: Perforating Gun Market Size, By Well Type, 2015-2022 (USD Million)

List of Figures

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 The Vertical Well Type Segment is Expected to Lead the Perforating Gun Market in 2017
Figure 6 The Tubing Conveyed Perforating Subsegment of the Gun Type Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 The High Pressure Segment is Expected to Lead the Perforating Gun Market During the Forecast Period
Figure 8 North America is Estimated to Hold the Largest Share of the Perforating Gun Market in 2017
Figure 9 Attractive Opportunities in the Perforating Gun Market, 2017-2022
Figure 10 US to Lead the Perforating Gun Market During the Forecast Period
Figure 11 The Horizontal Well Type Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 The High Pressure Well Subsegment is Expected to Lead the Well Pressure Segment of the Perforating Gun Market in 2017
Figure 13 The Wireline Conveyed Casing Gun Segment is Expected to Grow at the Fastest CAGR From 2017 to 2022
Figure 14 The US Held the Largest Share of the North American Perforating Gun Market in 2016
Figure 15 Rising Oil & Gas Production to Drive the Perforating Gun Market
Figure 16 World Crude Oil Annual Production vs Consumption, 2012-2016
Figure 17 World Natural Gas Production vs Consumption, 2012-2016
Figure 18 Shale Gas Production in Top Countries, 2015-2040
Figure 19 Total Number of Uncompleted Wells, the Us, 2013-2016
Figure 20 Electricity Production From Renewable Energy Sources, 2015
Figure 21 Perforating Gun Market Ecosystem
Figure 22 The Tubing Conveyed Perforating Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 23 The 3,000-8,000 ft. Segment is Expected to Dominate the Perforating Gun Market
Figure 24 The High Pressure Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 25 Leading Countries Snapshot: Perforating Gun Market, 2017-2022
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments in the Perforating Gun Market, 2014-2017
Figure 29 Market Ranking Based on Revenue, 2016
Figure 30 Battle for Market Share (2014-2017): Contracts & Agreement Was the Key Strategy Adopted By Players in the Perforating Gun Market
Figure 31 Market Evaluation Framework: Contracts & Agreements, New Product Launches, Fueled the Growth of Companies, 2014-2017
Figure 32 Baker Hughes: Company Snapshot
Figure 33 Schlumberger: Company Snapshot
Figure 34 Weatherford: Company Snapshot
Figure 35 Halliburton: Company Snapshot
Figure 36 National Oilwell Varco: Company Snapshot
Figure 37 Hunting: Company Snapshot
Figure 38 Core Laboratories: Company Snapshot

Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
5 of 6
  • Baker Hughes
  • Core Laboratories
  • Dynaenergetics
  • FHE USA
  • Halliburton
  • Hunting PLC
  • National Oilwell Varco
  • Oiltech Service
  • Promperforator
  • Schlumberger
  • Shaanxi Fype Rigid Machinery
  • Tassaroli
  • Weatherford
  • Yellow Jacket Oil Tool
  • Zao Ntf Perfotech
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll