Perforating Guns Market by Gun Type, Borehole Type, Application, Pressure, Depth, Type, Orientation, Explosives and Region – Global Forecast to 2027

DUBLIN, March 22, 2022–(BUSINESS WIRE)–The “Global Perforating Guns Market by Gun Type (Through Tubing Hollow Carrier & Exposed, Wireline Conveyed Casing, TCP), Borehole Type (Horizontal, Vertical), Application (Onshore, Offshore), Pressure, Depth, Type, Orientation, Explosives, Region – Forecast to 2027” Report has been added ResearchAndMarkets.com Offer.

The global perforating gun market is projected to reach US$1.4 billion by 2027 from an estimated market size of US$1.1 billion in 2022, at a CAGR of 5.6% over the forecast period.

Tubing Conveyed Perforation System Gun Type segment dominates the world market

The perforating gun market is segmented by gun type into hollow thru-tube gun systems, wireline casing gun systems, exposed thru-tube gun systems, and tube-borne perforating systems. The hose-conveyed perforation system is estimated to have the largest market share. It is expected that the versatility and high operational efficiency of these gun systems will permeate the barrel perforation system, consequently increasing the demand for gun perforations.

Onshore segment to lead the global perforating gun market

The onshore application segment holds the largest share of the perforating gun market, followed by offshore. Onshore exploration and re-exploration activities are expected to spur the growth of the onshore perforating guns market over the forecast period.

North America dominates the global perforating gun market in terms of CAGR

The North America region is estimated to be the largest market for perforating guns, followed by Asia Pacific. The Asia Pacific region is projected to be the fastest growing market during the forecast period. North American perforating gun market growth is expected to be driven by increasing E&P activity related to shale and heavy oil reserves.

market dynamics

driver

  • Increasing exploration and production of unconventional oil and gas resources, particularly in North America

  • Growing need to maximize production potential of mature oil and gas fields through reperforation

  • Rising global oil demand

restrictions

opportunities

challenges

companies mentioned

  • Schlumberger Limited

  • Weatherford

  • Baker Hughes

  • Halliburton

  • November Inc.

  • core labs

  • expro group

  • Hunt Inc

  • Dynaenergetics

  • Xi’an Zz Top Oil Tools Co., Ltd

  • Tassaroli SA

  • Fhe Usa LLC

  • LLC Promperforator

  • Landsea Technical Services Pte. GmbH.

  • G&H Diversified Manufacturing, LP

  • Shaanxi Fype Rigid Machinery Co.,Ltd.

  • Northern Colorado Manufacturing, LLC

  • Oiltech Services

  • Hunt & Hunt Ltd

  • Schweitzer Mauduit International Inc

For more information about this report, see https://www.researchandmarkets.com/r/s76fo2

View source version on businesswire.com: https://www.businesswire.com/news/home/20220322005877/en/

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