Perforating Guns Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?