MARKET INTRODUCTION
The perforating gun is a device that is intended to provide effective flow communication between the cased wellbore and a productive reservoir. The device is used for punching a pattern of perforation in the well's cement liner to enable the reservoir connection to be made. An increase in the average well depth over the years is expected to promote the growth of the perforating gun market during the forecast period. Also, the reperforation of old wells would generate growth prospects for the key players operating in the market.
MARKET DYNAMICS
The perforating gun market is anticipated to progress rapidly in the forecast period owing to driving factors such as rising oil and gas production coupled with shale gas exploration. Also, the growing complexity of reservoir conditions is likely to fuel market growth. A shift in focus towards renewable energy is a restraining factor for the perforating gun market. On the other hand, with advances in perforation technologies, manufacturers can expect significant opportunities in the perforating gun market over the coming years.
MARKET SCOPE
The "Global Perforating Gun Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of perforating gun market with detailed market segmentation by gun type, well type, well pressure, and geography. The global perforating gun market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading perforating gun market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global perforating gun market is segmented on the basis of gun type, well type, and well pressure. Based on gun type, the market is segmented as wireline conveyed casing, through tubing strip, through tubing hollow carrier, and tubing conveyed perforating. On the basis of the well type, the market is segmented as vertical and horizontal. The market on the basis of the well pressure is classified as high pressure and low pressure.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global perforating gun market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The perforating gun market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting perforating gun market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the perforating gun market in these regions.
MARKET PLAYERS
The reports cover key developments in the perforating gun market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from perforating gun market are anticipated to lucrative growth opportunities in the future with the rising demand for perforating gun in the global market. Below mentioned is the list of few companies engaged in the perforating gun market.
The report also includes the profiles of key perforating gun companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Baker Hughes, a GE company LLC
- Core Laboratories
- DynaEnergetics (DMC)
- Halliburton Energy Services, Inc.
- Hunting PLC
- National Oilwell Varco
- Schlumberger Limited
- Shaanxi FYPE Rigid Machinery Co., Ltd.
- Tassaroli S.A.
- Yellow Jacket Oil Tools
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.