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The US perforating gun market is expected to exhibit a CAGR of around 6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A perforating gun refers to a device that provides adequate flow communication between the cased wellbore and a productive reservoir. It comes in different configurations, lengths, as well as diameters and has four components, a conveyance for the shaped charge, an individual-shaped charge, detonating cord, and a detonator. Some of the commonly available types of perforating gun include hollow carrier guns, through-tubing strips, wireline conveyed casing, tubing conveyed perforating, etc. The perforating gun is lowered to a planned depth and shape charges are fired to create tunnels from the casing into a reservoir. As a result, it is widely used to pierce oil and gas wells for production operations.
The significant expansion of the oil and gas industry is primarily driving the United States perforating gun market. In line with this, the increasing exploration and production of unconventional oil and gas resources, including shale gas and ultra-deepwater reserves, is also propelling the demand for perforating guns. Moreover, the emerging popularity of multilateral wells along with the escalating need for horizontal drilling activity in offshore regions to open tight hydrocarbon resources is further augmenting the United States market. Besides this, the widespread adoption of numerous innovative well drilling process, such as hydraulic fracturing which uses water under pressure to fracture the rock and release trapped gases, is also catalyzing the demand for perforating guns. Additionally, the U.S government is heavily investing in R&D activities for introducing various sustainable options for oil extraction which is acting as a significant growth-inducing factor. In the coming years, continuous technological advancements to increase the uptake of standard oilfield equipment for improving the extraction rate and reperforation of old wells, are expected to drive the United States perforating gun market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the US perforating gun market report, along with forecasts for the period 2022-2027. Our report has categorized the market based on gun type, depth, well type and well pressure.
Breakup by Gun Type:
Breakup by Depth:
Breakup by Well Type:
Breakup by Well Pressure:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes, Core Laboratories, DynaEnergetics, Fhe USA, Halliburton, Hunting Plc, NOV Inc., Schlumberger, Weatherford and Yellow Jacket Oil Tools.
|Base Year of the Analysis||2021|
|Segment Coverage||Gun Type, Depth, Well Type, Well Pressure|
|Companies Covered||Baker Hughes, Core Laboratories, DynaEnergetics, Fhe USA, Halliburton, Hunting Plc, NOV Inc., Schlumberger, Weatherford and Yellow Jacket Oil Tools.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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