According to Stratistics MRC, the Global Perforating Gun Market is accounted for $5,361.35 million in 2020 and is expected to reach $8,359.93 million by 2028 growing at a CAGR of 5.7% during the forecast period. Growing complexity of reservoir conditions and increased shale gas exploration is driving the market growth. However, declining number of newly drilled wells is hampering the growth of the market.
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Based on the well type, the horizontal & deviated well segment is going to have lucrative growth during the forecast period due to the increasing well development activities and increasing reperforation of old wells. By geography, North America is going to have high growth during the forecast period owing to the rise in shale gas exploration activities and commencement of several offshore drilling activities in the region.
Some of the key players profiled in the Perforating Gun Market include Baker Hughes, Core Laboratories, Dynaenergetics , Halliburton, Hunting PLC, National Oilwell Varco , Oiltech Service , Promperforator, Schlumberger, Shaanxi Fype Rigid Machinery , Tassaroli, Weatherford, Yellow Jacket Oil Tool , and Zao Ntf Perfotech.
Types Covered:
• Non-directional Perforating Tools
• Oriented Perforating Tools
Gun Types Covered:
• Through Tubing Hollow Carrier
• Through Tubing Strip
• Tubing Conveyed Perforating
• Wireline Conveyed Casing
Well Types Covered:
• Horizontal & Deviated Well
• Vertical Well
Explosive Types Covered:
• Hexanitrosilbene (HNS)
• Cyclotrimethylene Trinitramine (RDX)
• Cyclotetramethylene Trinitramine (HMX)
Depth’s Covered:
• Up to 3,000 ft.
• 3,000–8,000 ft.
• Above 8,000 ft.
Well Pressures Covered:
• Low Pressure Perforating Gun
• High Pressure Perforating Gun
Carrier Types Covered:
• Expandable Shaped Charged Gun
• Retrievable/Hollow Carrier
• Semi-Expendable Gun
Applications Covered:
• Onshore
• Offshore
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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