Market Study: Perforating Gun Market CAGR Status, Analytical Research Report Includes Various Factors like – Top Manufacturers, Product Type, Focused Application, and Forecast 2019-2023

Perforating Gun

The Perforating Gun Market Report 2019-2023 focuses on the global Perforating Gun status, future forecast, growth opportunity, key market, and key players. 

The Perforating Gun Market report studies the global market size of Perforating Gun in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Perforating Gun in these regions. This research report categorizes the global Perforating Gun market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of Perforating Gun include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • Baker Hughes – a GE Co.
  • Schlumberger Ltd.
  • Weatherford International Ltd.
  • Yellow Jacket (G&H Diversified Manufacturing
  • LP.)
  • DYNAenergetics GmbH & Co KG
  • National Oilwell Varco Inc.
  • Halliburton Company
  • Hunting PLC

Overview of Perforating Gun Market Research Report 2019-2023:-

After two years of downturn in upstream oil & gas activity across the globe, perforating gun market is expected to witness a slightly higher growth rate between 2019 and 2023, owing to the resurgence of oil & gas industry. In May 2019, the Brent Crude and WTI Crude prices reached USD 77.21 per bbl and USD 71.14 per bbl respectively. The rising oil price is expected to boost the oil & gas exploration and production activities across the globe while creating opportunities for companies engaged in manufacturing, sales, and services of oilfield equipment. The recovery in oil & gas prices in 2019 has led to a decent surge in drilling activities across the globe and is expected to open up the long-suppressed oilfield equipment market such as perforating gun equipment and systems. Factors such as rise in oil & gas drilling activities across the globe, rising shale prospective and technological developments in perforating gun systems are expected to drive the perforating gun market in coming years. However, repercussions of 2014 – 2017 global downturn in oil & gas industry, including a delay of major oil & gas projects may restrain the market in a short-term scenario.

Rise in Shale Gas Exploration and Production is Driving the Market

Technological innovation and the increasing efficiency of horizontal drilling and multi-stage hydraulic fracturing technologies are unlocking vast unconventional shale and tight hydrocarbon resources across the globe, especially in North America. Before each hydraulic fracturing operation, well pre-completion is carried out and the perforation of a well has to be performed. Explosive charges are used to create a perforation tunnel through the pipe, the casing and a small length of the reservoir. Perforating gun is the simplest technology of a well pre-completion in shale production. While many new technologies are being developed by leading players in the market, perforating gun technologies such as StimGun and GasGun are prevalent in the shale gas industry. Countries such as Argentina, Mexico and China, have started to explore the commercial viability of their shale reserves. Hence, with rising exploration and production of shale oil & gas, the perforating gun market is also expected to witness a significant demand.

North America to Witness High Growth Rate

Drilling activities in North America have been increasing amidst rising oil & gas prices. The North American rig count reached 1254 in Jul 2019 an increase of around 8% from Jul 2017. The US accounted for more than 80% of active rig in the region. The surge in drilling activities has created optimism in the North American oil & gas market and hence may be considered as a good sign for perforating markets. The shift from vertical to horizontal wells is the most important change to occur over the last decade in the region, allowing for greater formation access, while only incrementally increasing the cost of the well. Within a few years, North American nonconventional production has also developed significantly and is expected to be an exporter by 2022. Hence, growing shale industry in the region is expected to create ample opportunity for oil field service providers engaged in perforating gun business.

US Set to Maintain High Demand

Crude oil production per day in the United States has increased by 10% from 2014, mainly due to increasing exploitation of shale reserve through horizontal drilling and hydraulic fracturing. Among basins, Permian is the leading are witnessing one of the highest investment due to its low wellhead breakeven price compared to other basins. Permian accounted for the largest share in the new oil produced in the recent times. Also, the Gulf of Mexico has started to witness sign of recovering as new projects are coming up. Ongoing investments by oil & gas in deep water and ultra-deepwater drilling activities, such as one by Shell Offshore for Vito, in the US Gulf of Mexico in 2019, are expected to create new avenues for perforating gun market in the country.

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Reasons to Purchase This Report

  • Current and future perforating gun market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet (in excel)

    Key questions answered in the Perforating Gun Market Report are.

    • What will the market size be in 2023 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors? 

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    This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Perforating Gun market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

    “We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

    Major Points from TOC of Perforating Gun Market Research Report 2019-2023:

    1. INTRODUCTION
      1 Study Deliverables
      1.2 Study Assumptions
      1.3 Scope of the Study
    1. RESEARCH METHODOLOGY
    1. EXECUTIVE SUMMARY
    1. MARKET DYNAMICS
      1 Drivers
      4.1.1 Rise in Defence Expenditure of Many Countries
      4.1.2 Increasing Demand of Lightweight Materials in the Industry
      4.2 Restraints
      4.2.1 Need for High Investments in R&D
      4.2.2 Other Restraints
      4.3 Industry Value-Chain Analysis
      4.4 Porters 5 Force Analysis
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Consumers
      4.4.3 Threat of New Entrants
      4.4.4 Threat of Substitute Products and Services
      4.4.5 Degree of Competition
      4.5 Price Analysis
    1. MARKET SEGMENTATION
      1 By Application
      5.2 End-user Sector
      5.2.1 Residential
      5.2.2 Commercial
      5.2.3 Institutional
      5.3 Geography
      5.3.1 Asia-Pacific
      5.3.2 North America
      5.3.3 Europe
      5.3.4 South America
      5.3.5 the Middle East & Africa

      Continued…

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