Perforating gun market is anticipated to grow at a CAGR of 5.3% during the forecast period. Perforating guns are used in many industries but are commonly found in the oil and gas well industries. In the oil well industry, perforating guns are a standard tool used in connecting pipelines. A perforating gun is used to create openings in casings used in oil and gas well drilling. These guns generally hold several explosive-shaped charges to create the type of openings called for in opening different types and sizes of casings. The increasing demand from oil and gas well industries due to rising demand and consumption has increased the market growth. Moreover, upstream gas and LNG investments by the government is further likely to surge demand for perforating gun during the forecast period. For instance, the Government has adopted several policies to fulfill the increasing demand. According to IEA (India Energy Outlook 2021), primary energy demand is expected to nearly double to 1,123 million tonnes of oil equivalent, as India’s gross domestic product (GDP) is expected to increase to $8.6 trillion by 2040. The investment will increase the number of oil and gas projects across the country along with the high demand for perforating guns.
Get Free Sample link @ https://www.omrglobal.com/request-sample/perforating-gun-market
Geographically, the global market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Asia-Pacific is projected to hold a considerable share of the market during the market growth. The regional growth is attributed to the increased demand for high precession equipment in offshore and onshore applications owing to the rising demand for oil and gas. Apart from these, the planned exploration and production in Asia-Pacific are further expected to drive the demand for perforating guns for oil well piercing. On the other hand, North America will hold the second-largest share after Europe in perforating gun market.
full report of Perforating Gun Market available @ https://www.omrglobal.com/industry-reports/perforating-gun-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Perforating Gun Market by Gun Type
- Tubing Hollow Carrier & Exposed
- Wireline Conveyed Casing
- Tubing Conveyed Perforation System (TCP)
Global Perforating Gun Market by Well Type
- Horizontal
- Vertical
Global Perforating Gun Market by Application
- Onshore
- Offshore
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Baker Hughes Co
- Core Laboratories N.V.
- DMC Global, Inc.
- FHE USA
- G & H Diversified Manufacturing L.P.
- Halliburton Energy Services, Inc.
- Hunt & Hunt Ltd
- Hunting PLC
- Landsea Group
- National Oilwell Varco Inc.
- Northern Colorado Manufacturing, LLC
- Oiltech Service Pte, Ltd.
- Schlumberger Ltd
- Shaanxi FYPE Rigid Machinery Co. Ltd
- Tassaroli S.A
- Weatherford International, Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global perforating gun market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/perforating-gun-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
