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Global Perforating Gun Market by Gun Type (Through Tubing Hollow Carrier & Exposed, Wireline Conveyed Casing, TCP), Well Type (Horizontal, Vertical), Application (Onshore, Offshore), Pressure, Depth, Type, Orientation, Explosives, Region - Forecast to 2027

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    Report

  • 225 Pages
  • March 2022
  • Region: Global
  • Markets and Markets
  • ID: 4423488
Description Jump to:

Increasing Horizontal Drilling Activities to Drive Growth of Perforating Gun Market During Forecast Period

The global perforating gun market is projected to reach USD 1.4 billion by 2027 from an estimated market size of USD 1.1 billion in 2022, at a CAGR of 5.6% during the forecast period. The factors driving the growth for perforating gun market are rising exploration and production of unconventional oil & gas resources, especially in the North American region.



Tubing Conveyed perforation system gun type segment dominates the global market

The perforating gun market, by gun type, is segmented into through tubing hollow carrier gun system, wireline conveyed casing gun system, through tubing exposed gun system and tubing conveyed perforation system. The tuning conveyed perforation system is estimated to have the largest market share. The versatile nature and the high operational efficiency of these gun systems are expected to drive through tubing perforation system, which consequently increases the demand of perforating gun.

Onshore segment to lead the global perforating gun market 

The onshore application segment holds the largest share in the perforating gun market, followed by offshore. Onshore exploration and re-exploration activities is expected to fuel the growth of onshore perforating gun market during the forecast period.

North America dominates the global perforating gun market in terms of annual growth rate

The North America region is estimated to be the largest market for the perforating gun market, followed by Asia Pacific. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The growth of the North American perforating gun market is expected to be driven by increasing E&P activities concerned with shale and tight oil reserves.

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 I-65%, Tier II-24%, and Tier III-11%
  • By Designation: C-Level-30%, Director Level-25%, and Others-45%
  • By Region: Middle East & Africa-8%, Asia Pacific-33%, North America-27%, South & Central America-12%, Europe-20%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.

The perforating gun market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global perforating gun market include Schlumberger Limited (US), Weatherford International (US), Baker Hughes (US), Halliburton (US) and NOV Inc (US).

Research Coverage:


The report defines, describes, and forecasts the perforating gun market, by service, application, well type, stages 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, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the perforating guns market.

Key Benefits of Buying the Report

  1. The report identifies and addresses the key markets for perforating guns, which would help perforating guns providers review the growth in demand.
  2. The report helps service providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Table of Contents

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

Executive Summary

Companies Mentioned

  • Schlumberger Limited
  • Weatherford
  • Baker Hughes
  • Halliburton
  • Nov Inc.
  • Core Laboratories
  • Expro Group
  • Hunting plc
  • Dynaenergetics
  • Xi'an Zz Top Oil Tools Co., Ltd
  • Tassaroli S.A.
  • Fhe Usa LLC
  • LLC Promperforator
  • Landsea Technical Services Pte. Ltd.
  • G&H Diversified Manufacturing, L.P.
  • Shaanxi Fype Rigid Machinery Co., Ltd.
  • Northern Colorado Manufacturing, LLC
  • Oiltech Services
  • Hunt & Hunt Ltd
  • Schweitzer-Mauduit International Inc

Methodology

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Table Information

Report AttributeDetails
No. of Pages225
PublishedMarch 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 1.1 Billion
Forecasted Market Value ( USD ) by 2027 $ 1.4 Billion
Compound Annual Growth Rate5.6%
Regions CoveredGlobal
No. of Companies Mentioned20

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