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US Perforating Gun Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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.

US Perforating Gun Market Trends:

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.

Key Market Segmentation:

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:

  • Wireline Conveyed Casing
  • Through Tubing Hollow Carrier
  • Through Tubing Strip
  • Tubing Conveyed Perforating
     

Breakup by Depth:

  • Up to 3000 ft
  • 3000-8000 ft
  • Above 8000 ft
     

Breakup by Well Type:

  • Horizontal
  • Vertical
     

Breakup by Well Pressure:

  • High Pressure
  • Low Pressure
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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)

 

Key Questions Answered in This Report:

  • How has the US perforating gun market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the US perforating gun market?
  • What is the breakup of the market based on the gun type?
  • What is the breakup of the market based on the depth?
  • What is the breakup of the market based on the well type?
  • What is the breakup of the market based on the well pressure?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the US perforating gun market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    US Perforating Gun Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Gun Type
    6.1    Wireline Conveyed Casing
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Through Tubing Hollow Carrier
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Through Tubing Strip
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Tubing Conveyed Perforating
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Depth
    7.1    Up to 3000 ft
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    3000-8000 ft
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Above 8000 ft
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Well Type
    8.1    Horizontal
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Vertical
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Well Pressure
    9.1    High Pressure
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Low Pressure
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Baker Hughes
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Core Laboratories
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    DynaEnergetics
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Fhe USA
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Halliburton
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Hunting Plc
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    NOV Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Schlumberger
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Weatherford
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Yellow Jacket Oil Tools
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: US: Perforating Gun Market: Major Drivers and Challenges
Figure 2: US: Perforating Gun Market: Sales Value (in Billion US$), 2016-2021
Figure 3: US: Perforating Gun Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: US: Perforating Gun Market: Breakup by Gun Type (in %), 2021
Figure 5: US: Perforating Gun Market: Breakup by Depth (in %), 2021
Figure 6: US: Perforating Gun Market: Breakup by Well Type (in %), 2021
Figure 7: US: Perforating Gun Market: Breakup by Well Pressure (in %), 2021
Figure 8: US: Perforating Gun (Wireline Conveyed Casing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: US: Perforating Gun (Wireline Conveyed Casing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: US: Perforating Gun (Through Tubing Hollow Carrier) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: US: Perforating Gun (Through Tubing Hollow Carrier) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: US: Perforating Gun (Through Tubing Strip) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: US: Perforating Gun (Through Tubing Strip) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: US: Perforating Gun (Tubing Conveyed Perforating) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: US: Perforating Gun (Tubing Conveyed Perforating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: US: Perforating Gun (Up to 3000 ft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: US: Perforating Gun (Up to 3000 ft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: US: Perforating Gun (3000-8000 ft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: US: Perforating Gun (3000-8000 ft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: US: Perforating Gun (Above 8000 ft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: US: Perforating Gun (Above 8000 ft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: US: Perforating Gun (Horizontal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: US: Perforating Gun (Horizontal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: US: Perforating Gun (Vertical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: US: Perforating Gun (Vertical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: US: Perforating Gun (High Pressure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: US: Perforating Gun (High Pressure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: US: Perforating Gun (Low Pressure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: US: Perforating Gun (Low Pressure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: US: Perforating Gun Industry: SWOT Analysis
Figure 31: US: Perforating Gun Industry: Value Chain Analysis
Figure 32: US: Perforating Gun Industry: Porter's Five Forces Analysis

List of Tables

Table 1: US: Perforating Gun Market: Key Industry Highlights, 2021 and 2027
Table 2: US: Perforating Gun Market Forecast: Breakup by Gun Type (in Million US$), 2022-2027
Table 3: US: Perforating Gun Market Forecast: Breakup by Depth (in Million US$), 2022-2027
Table 4: US: Perforating Gun Market Forecast: Breakup by Well Type (in Million US$), 2022-2027
Table 5: US: Perforating Gun Market Forecast: Breakup by Well Pressure (in Million US$), 2022-2027
Table 6: US: Perforating Gun Market: Competitive Structure
Table 7: US: Perforating Gun Market: Key Players


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