Reports
Sale
United States Perforating Gun Market Size, Share, Analysis: By Gun Type: Wireline Conveyed Casing, Through Tubing Hollow Carrier, Through Tubing Strip, Tubing Conveyed Perforating; By Carrier Type; By Explosive Type; By Depth; By Pressure; By Well Type; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
United States Perforating Gun Market Outlook
The United States perforating gun market size reached approximately USD 1.15 million in 2023. The market is estimated to grow at a CAGR of 5.4% in the forecast period of 2024-2032, reaching a value of around USD 1.87 million by 2032.
Key Trends in the Market
A perforating gun is a device which is used to make holes in oil and gas wells during the production process. These guns carry explosive-shaped charges and are available in a broad range of sizes and configurations.
- Increased usage of hollow carrier guns, which offer larger charges, minimise casing damage, and provide precise penetration capabilities, is one of the key United States perforating gun market trends. These guns offer better control over the charging placement as compared to conventional guns, enhancing the overall accuracy of the perforation process.
- The advent of new perforating gun systems, which consist of a better mechanical design than traditional gun systems, is another crucial trend boosting the market growth. These systems have a simple intricate design that eliminates the risk of accidental detonation from stray charge or voltage, improving overall worker safety.
- Growing collaboration and alliances between market players and power plants are also expected to create new opportunities for the United States perforating gun market growth. For example, in March 2023, Baker Hughes, a US-based company, entered into a 12-month agreement with Ecopetrol, a petroleum provider as well as CHEC, a hydroelectric power plant based in Columbia, to implement a geothermal project in the Nereidas Valley.
Market Analysis
Based on gun type, the market is divided into wireline conveyed casing, through tubing hollow carrier, through tubing strip, and tubing conveyed perforating. On the basis of carrier type, the market is classified into hollow carrier, and expandable shaped charged gun, among others. Based on explosive type, the market is categorised into cyclotrimethylene trinitramine (RDX), cyclotetramethylene trinitramine (HMX), and hexanitrosilbene (HNS).
On the basis of depth, the market is segmented into up to 3000 ft, 3001-8000 ft, and above 8000 ft. Based on pressure, the market is bifurcated into high pressure and low pressure. The United States perforating gun market segmentation, on the basis of well type, includes horizontal and deviated well and vertical well.
Based on application, the market is divided into onshore and offshore. The major regional markets for perforating guns in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States perforating gun market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- General Electric Company (Baker Hughes Company)
- NOV Inc.
- Schlumberger N.V
- Weatherford International plc
- Halliburton Energy Services, Inc.
- DMC Global Broomfield, CO.
- Hunt & Hunt, Ltd.
- SWM Technologies LLC
- Hunting Plc
- Vigor USA
- Others
Market Share by Well Type
Horizontal and deviated wells occupy a significant portion of the United States perforating gun market share, owing to increasing horizontal well drilling for shale gas exploration. These wells are further gaining popularity in the country as they offer larger areas of contact with impacted surfaces, which reduces the overall operational and maintenance costs.
The rise in horizontal drilling activities in the offshore region is also expected to provide lucrative opportunities for the market growth. As per various estimates, horizontal wells constitute about 97% of US oil projects, which further provides a positive market outlook.
Market Share by Application
As per the United States perforating gun market analysis, onshore drilling accounts for a sizeable share of the US market, due to the rising usage of perforating guns in onshore oil wells. With the rise in the number of onshore oil and gas projects, the demand for perforating guns is expected to foresee an upward trajectory in the coming years.
Furthermore, growing acquisition and partnership activities in the US onshore oil and gas market are expected to positively influence the market expansion in the forecast period.
Competitive Landscape
General Electric Company (Baker Hughes Company), founded in 1908, is a leader in oil and gas production, with its headquarters in Texas, the United States. The company offers a comprehensive range of perforating gun systems which perforate long intervals and maximise the production process.
NOV Inc. is a multinational company of oilfield and technologies, established in 1862 and based in Texas, the United States. The company offers various products and services such as artificial lift, solar technology, saltwater disposal, biogas solutions, composite solutions, and hydrogen solutions, among others.
Schlumberger N.V., incorporated in 1926 and headquartered in Texas, the United States, is an offshore drilling company. The company has implemented a climate action strategy in its operational process to achieve net zero emissions by the year 2050.
Other United States perforating gun market players include Weatherford International plc, Halliburton Energy Services, Inc., DMC Global Broomfield, CO., Hunt & Hunt, Ltd., SWM Technologies LLC, Hunting Plc, and Vigor USA, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Gun Type |
|
| Breakup by Carrier Type |
|
| Breakup by Explosive Type |
|
| Breakup by Depth |
|
| Breakup by Pressure |
|
| Breakup by Well Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Perforating Gun Market Overview
8.1 Key Industry Highlights
8.2 North America Perforating Gun Historical Market (2018-2023)
8.3 North America Perforating Gun Market Forecast (2024-2032)
8.4 North America Perforating Gun Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Perforating Gun Market Overview
9.1 Key Industry Highlights
9.2 United States Perforating Gun Historical Market (2018-2023)
9.3 United States Perforating Gun Market Forecast (2024-2032)
10 United States Perforating Gun Market by Gun Type
10.1 Wireline Conveyed Casing
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Through Tubing Hollow Carrier
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Through Tubing Strip
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Tubing Conveyed Perforating
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 United States Perforating Gun Market by Carrier Type
11.1 Hollow Carrier
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Expandable Shaped Charged Gun
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 United States Perforating Gun Market by Explosive Type
12.1 Cyclotrimethylene Trinitramine (RDX)
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Cyclotetramethylene Trinitramine (HMX)
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Hexanitrosilbene (HNS)
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 United States Perforating Gun Market by Depth
13.1 Up To 3000 ft
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 3001-8000 ft
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Above 8000 ft
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 United States Perforating Gun Market by Pressure
14.1 High Pressure
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Low Pressure
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 United States Perforating Gun Market by Well Type
15.1 Horizontal and Deviated Well
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Vertical Well
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
16 United States Perforating Gun Market by Application
16.1 Onshore
16.1.1 Historical Trend (2018-2023)
16.1.2 Forecast Trend (2024-2032)
16.2 Offshore
16.2.1 Historical Trend (2018-2023)
16.2.2 Forecast Trend (2024-2032)
17 United States Perforating Gun Market by Region
17.1 New England
17.1.1 Historical Trend (2018-2023)
17.1.2 Forecast Trend (2024-2032)
17.2 Mideast
17.2.1 Historical Trend (2018-2023)
17.2.2 Forecast Trend (2024-2032)
17.3 Great Lakes
17.3.1 Historical Trend (2018-2023)
17.3.2 Forecast Trend (2024-2032)
17.4 Plains
17.4.1 Historical Trend (2018-2023)
17.4.2 Forecast Trend (2024-2032)
17.5 Southeast
17.5.1 Historical Trend (2018-2023)
17.5.2 Forecast Trend (2024-2032)
17.6 Southwest
17.6.1 Historical Trend (2018-2023)
17.6.2 Forecast Trend (2024-2032)
17.7 Rocky Mountain
17.7.1 Historical Trend (2018-2023)
17.7.2 Forecast Trend (2024-2032)
17.8 Far West
17.8.1 Historical Trend (2018-2023)
17.8.2 Forecast Trend (2024-2032)
18 Market Dynamics
18.1 SWOT Analysis
18.1.1 Strengths
18.1.2 Weaknesses
18.1.3 Opportunities
18.1.4 Threats
18.2 Porter’s Five Forces Analysis
18.2.1 Supplier’s Power
18.2.2 Buyer’s Power
18.2.3 Threat of New Entrants
18.2.4 Degree of Rivalry
18.2.5 Threat of Substitutes
18.3 Key Indicators for Demand
18.4 Key Indicators for Price
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 General Electric Company (Baker Hughes Company)
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 NOV Inc.
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Schlumberger N.V.
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Weatherford International plc
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Halliburton Energy Services, Inc.
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 DMC Global Broomfield, CO.
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Hunt & Hunt, Ltd.
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 SWM Technologies LLC
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Hunting Plc
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Vigor USA
19.2.10.1 Company Overview
19.2.10.2 Product Portfolio
19.2.10.3 Demographic Reach and Achievements
19.2.10.4 Certifications
19.2.11 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Perforating Gun Market: Key Industry Highlights, 2018 and 2032
2. United States Perforating Gun Market: Key Industry Highlights, 2018 and 2032
3. United States Perforating Gun Historical Market: Breakup by Gun Type (USD Million), 2018-2023
4. United States Perforating Gun Market Forecast: Breakup by Gun Type (USD Million), 2024-2032
5. United States Perforating Gun Historical Market: Breakup by Carrier Type (USD Million), 2018-2023
6. United States Perforating Gun Market Forecast: Breakup by Carrier Type (USD Million), 2024-2032
7. United States Perforating Gun Historical Market: Breakup by Explosive Type (USD Million), 2018-2023
8. United States Perforating Gun Market Forecast: Breakup by Explosive Type (USD Million), 2024-2032
9. United States Perforating Gun Historical Market: Breakup by Depth (USD Million), 2018-2023
10. United States Perforating Gun Market Forecast: Breakup by Depth (USD Million), 2024-2032
11. United States Perforating Gun Historical Market: Breakup by Pressure (USD Million), 2018-2023
12. United States Perforating Gun Market Forecast: Breakup by Pressure (USD Million), 2024-2032
13. United States Perforating Gun Historical Market: Breakup by Well Type (USD Million), 2018-2023
14. United States Perforating Gun Market Forecast: Breakup by Well Type (USD Million), 2024-2032
15. United States Perforating Gun Historical Market: Breakup by Application (USD Million), 2018-2023
16. United States Perforating Gun Market Forecast: Breakup by Application (USD Million), 2024-2032
17. United States Perforating Gun Historical Market: Breakup by Region (USD Million), 2018-2023
18. United States Perforating Gun Market Forecast: Breakup by Region (USD Million), 2024-2032
19. United States Perforating Gun Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.15 million.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 1.87 million by 2032.
The major market drivers are the growth of the oil and gas sector, the discovery of new oil and gas wells, and the surge in horizontal drilling activities in offshore areas.
The key trends of the market include increased usage of hollow carrier guns, the advent of new perforating gun systems, and growing collaboration and alliances between market players and power plants.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Different gun types are wireline conveyed casing, through tubing hollow carrier, through tubing strip, and tubing conveyed perforating.
The key players in the market are Weatherford International plc, Halliburton Energy Services, Inc., DMC Global Broomfield, CO., Hunt & Hunt, Ltd., SWM Technologies LLC, General Electric Company (Baker Hughes Company), Hunting Plc, NOV Inc., Schlumberger N.V., and Vigor USA, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER