+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Perforating Gun Global Market Report 2022: Ukraine-Russia War Impact

  • PDF Icon

    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709781
Major players in the perforating gun market are Baker Hughes Co, DMC Global Inc, G&H Diversified Manufacturing, Halliburton Company, Hunting PLC, National Oilwell Varco Inc, Schlumberger Ltd, Tassaroli S.A., Weatherford International Ltd, Shaanxi FYPE Rigid Machinery Co Ltd, Core Laboratories, Northern Colorado Manufacturing LLC, Oiltech Service Pte, Hunt & Hunt Ltd, Zao NTF Perfotech, Top Oil Tools Co. Ltd, and Promperforator.

The global perforating gun market is expected to grow from $0.97 billion in 2021 to $1.05 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The perforating gun market is expected to reach $1.32 billion in 2026 at a CAGR of 5.9%.

The perforating gun market consists of sales of retrievable hollow gun, expendable gun, and semi-expendable gun. 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.

A perforating gun is a tool used to create holes in oil and gas wells prior to production. Perforating guns are available in a variety of sizes and combinations. Through-tubing guns and hollow-carrier, or casing, guns are the two main types of gun systems. Hollow-carrier guns are larger than through-tube guns, allowing for larger charges, more phasing possibilities, and better shot density.

North America was the largest region in the perforating gun market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the perforating gun market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main carrier types of perforating gun are hollow carrier, expandable shaped charged gun, and other types. A hollow carrier gun system is a pressure-tight carrier made from the steel tubing. Hollow carrier gun is typically described by outer diameter (OD), shot density in shots per foot (SPF) or shots per meter (SPM), shaped charge types and pressure & temperature rating - depending on the explosive types used. The different explosive types include cyclotrimethylene trinitramine (RDX), cyclotetramethylene trinitramine (HMX), and hexanitrosilbene (HNS) that involve several pressures such as high pressure and low pressure. It is applied in onshore and offshore.

The increasing demand for oil is expected to fuel the growth of the perforating gun market going forward. The demand of petroleum products is influenced by several factors such as economic growth, population growth, and rising income levels. In the context of oil wells, a perforation is a hole drilled in an oil well's casing or liner to link it to the reservoir. Making a channel between the pay zone and the wellbore to allow oil and gas to flow readily to the wellbore. For instance, according to the Australian petroleum production and exploration association report, in 2020, Australian petroleum liquids output climbed marginally to 169 million barrels, a 2% increase over 2019. Furthermore, in May 2021, according to a report published by the Petroleum Planning & Analysis Cell (Ministry of Petroleum & Natural Gas), the petroleum product production increased by 15.5% in May 2021 over May 2020. Therefore, the increasing oil demand will drive the growth of the perforating gun market.

Technological innovations are a key trend gaining popularity in the perforating gun market. Innovations in well drilling operations have enabled the energy industry to tap new sources of oil and natural gas to fulfil expanding demand. Technological advancements have contributed to reducing the environmental impact of energy extraction by enabling more oil and gas to be obtained with fewer wells. Major companies operating in the perforating gun market are focused on developing new technological solutions to strengthen their position. For instance, in August 2021, Hunting Titan, a US-based logging and perforating equipment manufacturer, launched H-3 perforating system to enhance the company's existing integrated perforating systems line. The H-3 perforating design incorporates all of Hunting's H-1 perforating system's dependability and safety features and the industry's first wireless, safe detonator with the latest switch technology, the ControlFire V3 that reduce tool string length and weight. The H-3 System is also compatible with industry-standard shaped charges, which increases the product's desirability to operators.

In July 2021, Ranger Energy Services Inc, a US-based company that provides high-specification mobile rig well services, cased hole wireline services, and ancillary services, acquired PerfX Wireline Services for an undisclosed amount. This acquisition would scale, scope, and diversify the required steps to assure Ranger's wireline service offerings' long-term success under the Ranger umbrella. PerfX Wireline Services is a US-based company that provides wireline perforating services.

The countries covered in the perforating gun market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The perforating gun market research report is one of a series of new reports that provides perforating gun market statistics, including perforating gun industry global market size, regional shares, competitors with a perforating gun market share, detailed perforating gun market segments, market trends and opportunities, and any further data you may need to thrive in the perforating gun industry. This perforating gun market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Perforating Gun Market

What is the estimated value of the Global Perforating Gun Market?

The Global Perforating Gun Market was estimated to be valued at $1.05 billion in 2022.

What is the growth rate of the Global Perforating Gun Market?

The growth rate of the Global Perforating Gun Market is 5.9%, with an estimated value of $1.32 billion by 2026.

What is the forecasted size of the Global Perforating Gun Market?

The Global Perforating Gun Market is estimated to be worth $1.32 billion by 2026.

Who are the key companies in the Global Perforating Gun Market?

Key companies in the Global Perforating Gun Market include Baker Hughes Co., DMC Global Inc., G&H Diversified Manufacturing, Halliburton Company, Hunting PLC, National Oilwell Varco Inc., Schlumberger Ltd., Tassaroli S.A. and Shaanxi FYPE Rigid Machinery Co. Ltd..

Table of Contents

1. Executive Summary2. Perforating Gun Market Characteristics3. Perforating Gun Market Trends And Strategies
4. Perforating Gun Market - Macro Economic Scenario
4.1. COVID-19 Impact On Perforating Gun Market
4.2. Ukraine-Russia War Impact On Perforating Gun Market
4.3. Impact Of High Inflation On Perforating Gun Market
5. Perforating Gun Market Size And Growth
5.1. Global Perforating Gun Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Perforating Gun Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Perforating Gun Market Segmentation
6.1. Global Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hollow Carrier
  • Expandable Shaped Charged Gun
  • Other Types
6.2. Global Perforating Gun Market, Segmentation By Explosive Types, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Cyclotrimethylene Trinitramine (RDX)
  • Cyclotetramethylene Trinitramine (HMX)
  • Hexanitrosilbene (HNS)
6.3. Global Perforating Gun Market, Segmentation By Pressure, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • High Pressure
  • Low Pressure
6.4. Global Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Onshore
  • Offshore
7. Perforating Gun Market Regional And Country Analysis
7.1. Global Perforating Gun Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Perforating Gun Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Perforating Gun Market
8.1. Asia-Pacific Perforating Gun Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Perforating Gun Market
9.1. China Perforating Gun Market Overview
9.2. China Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Perforating Gun Market
10.1. India Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Perforating Gun Market
11.1. Japan Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Perforating Gun Market
12.1. Australia Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Perforating Gun Market
13.1. Indonesia Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Perforating Gun Market
14.1. South Korea Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Perforating Gun Market
15.1. Western Europe Perforating Gun Market Overview
15.2. Western Europe Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Perforating Gun Market
16.1. UK Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Perforating Gun Market
17.1. Germany Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Perforating Gun Market
18.1. France Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Perforating Gun Market
19.1. Eastern Europe Perforating Gun Market Overview
19.2. Eastern Europe Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Perforating Gun Market
20.1. Russia Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Perforating Gun Market
21.1. North America Perforating Gun Market Overview
21.2. North America Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Perforating Gun Market
22.1. USA Perforating Gun Market Overview
22.2. USA Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Perforating Gun Market
23.1. South America Perforating Gun Market Overview
23.2. South America Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Perforating Gun Market
24.1. Brazil Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Perforating Gun Market
25.1. Middle East Perforating Gun Market Overview
25.2. Middle East Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Perforating Gun Market
26.1. Africa Perforating Gun Market Overview
26.2. Africa Perforating Gun Market, Segmentation By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Perforating Gun Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Perforating Gun Market Competitive Landscape And Company Profiles
27.1. Perforating Gun Market Competitive Landscape
27.2. Perforating Gun Market Company Profiles
27.2.1. Baker Hughes Co
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. DMC Global Inc
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. G&H Diversified Manufacturing
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Halliburton Company
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Hunting PLC
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Perforating Gun Market29. Perforating Gun Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Perforating Gun Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global perforating gun market.

This report focuses on perforating gun market which is experiencing strong growth. The report gives a guide to the perforating gun market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the perforating gun? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Perforating Gun market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider perforating gun market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The perforating gun market section of the report gives context. It compares the perforating gun market with other segments of the perforating gun market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, perforating gun indicators comparison.

Scope

Markets Covered:

1) By Carrier Type: Hollow Carrier; Expandable Shaped Charged Gun; Other Types
2) By Explosive Types: Cyclotrimethylene Trinitramine (RDX); Cyclotetramethylene Trinitramine (HMX); Hexanitrosilbene (HNS)
3) By Pressure: High Pressure; Low Pressure
4) By Application: Onshore; Offshore

Companies Mentioned: Baker Hughes Co.; DMC Global Inc.; G&H Diversified Manufacturing; Halliburton Company; Hunting PLC

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Baker Hughes Co.
  • DMC Global Inc.
  • G&H Diversified Manufacturing
  • Halliburton Company
  • Hunting PLC
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
  • Tassaroli S.A.
  • Weatherford International Ltd.
  • Shaanxi FYPE Rigid Machinery Co. Ltd.
  • Core Laboratories
  • Northern Colorado Manufacturing LLC
  • Oiltech Service Pte
  • Hunt & Hunt Ltd.
  • Zao NTF Perfotech
  • Top Oil Tools Co. Ltd.
  • Promperforator.

Methodology

Loading
LOADING...