Perforating Guns Market to experience a healthy CAGR of 4.1%

Perforating Guns Market to experience a healthy CAGR of 4.1%

February 18, 2020

Perforating Guns Market Overview:

Perforating Guns Market is likely to witness an impressive CAGR of 4.1% during the forecast period. Surge in oil and gas production, rise in the average well depth over the years, increasing complexity of reservoir conditions, and growing shale gas exploration are the major factors bolstering the perforating guns market.

Report Overview:

This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.

The following are the key features of the report:

  • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards  

Get a free sample of the report here:

https://www.stratviewresearch.com/Request-Sample/679/perforating-guns-market.html

Perforating Guns Market Segment Insights:

Horizontal Segment: The growth engine

Based on the well type, the market is segmented as horizontal and vertical. The horizontal segment is estimated to register a higher growth during the forecast period driven by increasing reperforation of old wells which require multiple perforations for a single well from the same reservoir. The segment’s growth is driven by the advanced techniques in the upstream sector and the rising demand for oil & gas. However, in some cases, oil & gas operators are dependent upon vertical drill wells, where the oil/gas reserves are available at a short depth from the surface. Further, vertical wells are the most preferred form of wells as they can be further converted into unconventional wells once oil production starts decreasing. These factors are likely to drive the vertical well segment in the coming years.

Click below to run through the detailed ToC of the report:

https://www.stratviewresearch.com/toc/679/perforating-guns-market.html

Dominance of: Through tubing hollow carrier guns

Based on the gun type, the market is segmented as Through Tubing Hollow Carrier, Wireline Conveyed Casing, Through Tubing Strip, and Tubing Conveyed Perforating. Through tubing hollow carrier guns dominated the market in 2019. The segment is most widely used and is expected to remain the leader during the forecasted period.

A highly/moderately/fragment consolidated Market

Some of the major players in the perforating guns market are Schlumberger (US), Weatherford (US), Baker Hughes (US), Halliburton (US), and DynaEnergetics (US). The leading suppliers are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

Regional Hegemony of North America

North America is estimated to dominate the perforating guns market during the forecast period. In 2019, approximately 250m barrels of oil was discovered in the Glengorm reservoir. The discovery of oil and gas reserves is expected to form a platform for the sales of perforating guns in Europe and North America. In Asia-Pacific, China has discovered high yield and high-quality oil flow in the Bohai Sea, which is driving the growth of the market during the forecast period.

Click here for other high value market reports from Stratview Research in the Oil & Gas Industry: https://www.stratviewresearch.com/market-reports/Oil-Gas.html

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

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Author : Emily

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