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Perforating Guns Trends and Forecast
The future of the global perforating guns market looks promising with opportunities in the onshore and offshore markets. The global perforating guns market is expected to reach an estimated $1.8 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are the rising global activity in both onshore and offshore oil and gas exploration and quick transition to the extraction of non-conventional oil and gas resources.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Perforating Guns by Segment
The study includes a forecast for the global perforating guns by gun type, type, well type, application, and region
Perforating Guns Market by Gun Type [Shipment Analysis by Value from 2018 to 2030]:
• Through Tubing Hollow Carrier System
• Wireline Conveyed Casing System
• Through Tubing Exposed System
• Tubing Conveyed the Perforation System
Perforating Guns Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Expendable
• Semi-Expendable
• Retrievable
Perforating Guns Market by Well Type [Shipment Analysis by Value from 2018 to 2030]:
• Horizontal Well
• Vertical Well
Perforating Guns Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Perforating Guns Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies perforating guns companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the perforating guns companies profiled in this report include-
• Baker Hughes
• Core Laboratories
• DMC Global
• FHE
• G & H Diversified Manufacturing
• Halliburton
• Hunt & Hunt
• Hunting
• Landsea Technical Services
• Northern Colorado Manufacturing
Perforating Guns Market Insights
Lucintel forecast that tubing conveyed the perforation system is expected to witness highest growth over the forecast period due to adaptability and excellent performance.
Within this market, offshore will remain the largest segment.
North America is expected to witness highest growth over the forecast period.
Features of the Global Perforating Guns Market
Market Size Estimates: Perforating guns market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Perforating guns market size by various segments, such as by gun type, type, well type, application, and region in terms of value ($B).
Regional Analysis: Perforating guns market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different gun type, type, well type, application, and regions for the perforating guns market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the perforating guns market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the perforating guns market size?
Answer: The global perforating guns market is expected to reach an estimated $1.8 billion by 2030.
Q.2 What is the growth forecast for perforating guns market?
Answer: The global perforating guns market is expected to grow with a cagr of 5.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the perforating guns market?
Answer: The major drivers for this market are the rising global activity in both onshore and offshore oil and gas exploration and quick transition to the extraction of non-conventional oil and gas resources.
Q4. What are the major segments for perforating guns market?
Answer: The future of the perforating guns market looks promising with opportunities in the onshore and offshore markets.
Q5. Who are the key perforating guns market companies?
Answer: Some of the key perforating guns companies are as follows:
• Baker Hughes
• Core Laboratories
• DMC Global
• FHE
• G & H Diversified Manufacturing
• Halliburton
• Hunt & Hunt
• Hunting
• Landsea Technical Services
• Northern Colorado Manufacturing
Q6. Which perforating guns market segment will be the largest in future?
Answer: Lucintel forecast that tubing conveyed the perforation system is expected to witness highest growth over the forecast period due to adaptability and excellent performance.
Q7. In perforating guns market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the perforating guns market by gun type (through tubing hollow carrier system, wireline conveyed casing system, through tubing exposed system, and tubing conveyed the perforation system), type (expendable, semi-expendable, and retrievable), well type (horizontal well and vertical well), application (onshore and offshore), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to perforating guns market or related to perforating guns companies, perforating guns market size, perforating guns market share, perforating guns market growth, perforating guns market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Perforating Guns Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Perforating Guns Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Perforating Guns Market by Gun Type
3.3.1: Through Tubing Hollow Carrier System
3.3.2: Wireline Conveyed Casing System
3.3.3: Through Tubing Exposed System
3.3.4: Tubing Conveyed the Perforation System
3.4: Global Perforating Guns Market by Type
3.4.1: Expendable
3.4.2: Semi-Expendable
3.4.3: Retrievable
3.5: Global Perforating Guns Market by Well Type
3.5.1: Horizontal Well
3.5.2: Vertical Well
3.6: Global Perforating Guns Market by Application
3.6.1: Onshore
3.6.2: Offshore
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Perforating Guns Market by Region
4.2: North American Perforating Guns Market
4.2.1: North American Perforating Guns Market by Gun Type : Through Tubing Hollow Carrier System, Wireline Conveyed Casing System, Through Tubing Exposed System, and Tubing Conveyed the Perforation System
4.2.2: North American Perforating Guns Market by Application: Onshore and Offshore
4.3: European Perforating Guns Market
4.3.1: European Perforating Guns Market by Gun Type : Through Tubing Hollow Carrier System, Wireline Conveyed Casing System, Through Tubing Exposed System, and Tubing Conveyed the Perforation System
4.3.2: European Perforating Guns Market by Application: Onshore and Offshore
4.4: APAC Perforating Guns Market
4.4.1: APAC Perforating Guns Market by Gun Type : Through Tubing Hollow Carrier System, Wireline Conveyed Casing System, Through Tubing Exposed System, and Tubing Conveyed the Perforation System
4.4.2: APAC Perforating Guns Market by Application: Onshore and Offshore
4.5: ROW Perforating Guns Market
4.5.1: ROW Perforating Guns Market by Gun Type : Through Tubing Hollow Carrier System, Wireline Conveyed Casing System, Through Tubing Exposed System, and Tubing Conveyed the Perforation System
4.5.2: ROW Perforating Guns Market by Application: Onshore and Offshore
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Perforating Guns Market by Gun Type
6.1.2: Growth Opportunities for the Global Perforating Guns Market by Type
6.1.3: Growth Opportunities for the Global Perforating Guns Market by Well Type
6.1.4: Growth Opportunities for the Global Perforating Guns Market by Application
6.1.5: Growth Opportunities for the Global Perforating Guns Market Region
6.2: Emerging Trends in the Global Perforating Guns Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Perforating Guns Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Perforating Guns Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Baker Hughes
7.2: Core Laboratories
7.3: DMC Global
7.4: FHE
7.5: G & H Diversified Manufacturing
7.6: Halliburton
7.7: Hunt & Hunt
7.8: Hunting
7.9: Landsea Technical Services
7.10: Northern Colorado Manufacturing
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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