Perforating Gun Market Size & Analysis - Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Perforating Gun
Market Market Insights The global perforating
gun market is estimated to grow at a CAGR of
approximately 4, during the period of forecast.
Increase in oil gas production, shale gas
exploration, rising complexity of reservoir
conditions, and average good depth over time are
factors that are expected to drive the
market. The declining number of newly drilled
wells is a restraint for the market. A decline in
the number of newly drilled wells and increasing
focus on the use of renewable energy sources are
factors that can potentially have a negative
impact on the perforating gun market.
Perforating Gun Market Gun Type/Depth
Insights On the basis of the gun type the market
is segmented into through tubing hollow carrier,
the wireline conveyed casing, tubing conveyed
perforating, and through tubing strip. Tubing
conveyed perforating segment is expected to
account for the largest share of the perforating
gun market. Tubing-conveyed perforating (TCP)
are used extensively as they have the ability to
perforate at very long intervals.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS TCP is the only means of accessing
perforating depth in highly deviated horizontal
wells. It has also been effectively used for
many years in various applications such as
perforation in underbalanced conditions, high
angle/horizontal well perforation, and coiled
tubing used as a perforating string. Perforating
Gun Market Well Type/ Well Pressure Insights On
the basis of well type, the market is segmented
into vertical and horizontal. The horizontal
segment is expected to grow at the highest CAGR
during the forecast period, owing to increasing
reperforation of old wells that require multiple
perforations for a single well from the same
reservoir. Perforating Gun Market Regional
Insights North America is estimated to dominate
the global perforating gun market by 2025 due to
increasing oil gas activities in the region.
This market is also expected to grow the fastest
during the period of forecast. Investments in
shale gas exploration in the US, Canada, and
Mexico can potentially create new opportunities
for the perforating gun market. This growth is
expected to take place due to increased
investments in the upstream oil gas sector,
especially in the US. This will ultimately
create opportunities for the perforating gun
market.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Perforating Gun Market End-Use
Landscape The end-use landscape entails a list of
current and prospective consumers prevailing
across the regions. This section provides
company addresses, contact details, products, and
regional presence of companies who are
purchasing or are likely to purchase Perforating
Gun over the coming years. Some leading
consumers of this market are Royal Dutch Shell,
Chevron, and Exxon Mobil among
others. Perforating Gun Market Vendor
Landscape The report contains a chapter dedicated
to vendors operating in the market, covering raw
material manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level.
This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of
companies. Perforating Gun Market Share
Competitor Analysis The leading players in the
perforating gun market include Schlumberger,
Promperforator, Core Laboratories, The USA,
Tassaroli, Baker Hughes, Core Laboratories,
Weatherford, Halliburton, and Dyna
Energetics. In March 2018, Schlumberger launched
the Tempo instrumented docking perforating gun
system, that integrates real-time advanced
downhole measurements and plug-in gun design to
create clean perforations that enhance reservoir
productivity. In January 2018, Weatherford sold
its pump-down perforating and pressure pumping
facilities and supplier customer contracts to
Schlumberger. Companies are entering into
contracts agreements, introducing new products
and considering mergers acquisitions in order
to cater to the growing market.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• The report segments the Styrene Perforating Gun
  Market on the basis of By Gun Type
• Wireline Conveyed
• Tubing Hollow Carrier
• Tubing Strip
• Tubing Conveyed
• By Depth
• Up to 3000ft
• 30008000ft
• Above 8000ft
• By Well Type
• Horizontal
• Vertical

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
This article contains text from the Perforating
Gun Market Forecast to 2025 report prepared by
Global Market Estimates. For more information or
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gun-market/
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