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Report
Perforating Gun Market by Gun Type (Through Tubing Hollow Carrier & Exposed, Wireline Conveyed Casing, TCP), Well Type (Horizontal, Vertical), Depth (Up to 3,000 ft, 3,001-8,000 ft, above 8,000 ft), Pressure, Application, Region - Global Forecast to 2030
Market Report I 2025-05-06 I 233 Pages I MarketsandMarkets
The perforating gun market is estimated to reach USD 1.48 billion by 2030 from an estimated value of USD 1.19 billion in 2025, at a CAGR of 4.5% during the forecast period. The accelerating global demand for energy-driven by industrial growth, expanding transportation networks, and rising urbanization-continues to place significant pressure on oil and gas producers to ramp up supply.
"By application, the onshore segment is projected to be the fastest growing market during the forecast period."
By application, the perforating gun market is segmented into two categories: offshore and onshore. Modern perforating technologies have fundamentally transformed the efficiency, accuracy, and performance levels in well completion operations of onshore oil fields. Modern reservoir targeting technology allows operators to reach reservoirs more effectively with WCP and TCP systems for perforating applications. The production in shale and tight oil unconventional onshore formations reaches its maximum level through methods that limit formation damage to achieve better reservoir interaction. Operational flexibility has increased through two recent developments in perforating systems, which feature wireless technology and electronic firing components. These technologies enable remote activation and monitoring to decrease both operational dangers and financial expenses affected by onshore procedures.
"By pressure, the high-pressure well segment is anticipated to garner the largest market share during the forecast period."
Based on pressure, the perforating gun market has been segmented into high and low-pressure segments. High-pressure reservoirs contain substantial volumes of hydrocarbons confined by substantial pressure, creating important production prospects for successful and effective access. High-performance perforating guns are the operators' primary way of accessing high-pressure reserves by delivering precise perforations even in extreme conditions. The accurate punching of reservoirs at high pressure produces excellent well perforation conditions, which minimizes geological damage to formations and generates superior well penetration rates. Initial production rates become optimal while reservoir drainage improves and long-term recovery extends because of these implementation outcomes.
"Asia Pacific is expected to be the second fastest region in the perforating gun market."
Asia Pacific is expected to be the second-fastest region in the perforating gun market between 2025-2030. The proactive implementation of government programs and beneficial policy formats stimulate upstream oil & gas activities, resulting in increased perforating gun market demand. The Hydrocarbon Exploration and Licensing Policy (HELP) from India and China's open acreage licensing policy boosts exploration and development activities by enabling domestic and international operators to access prospective blocks. The programs lower market entry restrictions to drilling simultaneously across land and marine areas while boosting investor trust and encouraging petroleum operations.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-level Executives- 30%, Managers- 25%, and Others- 45%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, South America- 12%, Middle East & Africa- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The perforating gun market is dominated by a few major players that have a wide regional presence. The leading players in the perforating gun market are SLB (US), Baker Hughes (US), Halliburton (US), NOV (US), and Weatherford (US).
Research Coverage:
The report defines, describes, and forecasts the perforating gun market, by well type, pressure, depth, application, and gun type for various regions. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the perforating gun market.
Key Benefits of Buying the Report
- The perforating gun market is driven by factors such as supporting government policies and mandates for corporate strategies and initiatives towards sustainability and increasing awareness of climate change. Opportunities include the growing need to maximize the production potential of mature oil and gas fields through re-perforation. A few challenges this market faces include a lack of standardization.
- Product Development/ Innovation: DynaEnergetics, a business segment of DMC Global, has launched DS Gravity 2.0, the industry's most compact, self-orienting perforating gun, designed to boost efficiency and productivity by eliminating the need for orienting subs and weight bars. This upgraded system offers improved bearings and simplified internals and supports the full charge portfolio, including the new Oriented FracTune (OFT), designed specifically for oriented perforating.
- Market Development: After a competitive tender, Weatherford announced it was awarded a five-year deal with Petroleo Brasileiro S.A. in Brazil to provide Drill Pipe Riser (DPR) ultra-deepwater offshore intervention systems and services. This new seven-system contract will commence operations in March 2025 and will replace a current six-system contract that began in November 2020.
- Market Diversification: Baker Hughes Company inaugurated a regional oilfield services hub (OFS) in King Salman Energy Park (SPARK). The new facility will support ongoing customer activities for three OFS product lines, ensuring high-quality service delivery and positioning BHGE for future growth in the region.
- Competitive Assessment: Assessment of rankings of some of the key players, including SLB (US), Baker Hughes (US), Halliburton (US), NOV (US), and Weatherford (US).
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 25
1.3.2 INCLUSIONS AND EXCLUSIONS 26
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY CONSIDERED 27
1.5 RESEARCH LIMITATIONS 27
1.6 STAKEHOLDERS 28
1.7 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of major secondary sources 31
2.1.1.2 Key data from secondary sources 31
2.1.2 PRIMARY DATA 31
2.1.2.1 List of primary interview participants 32
2.1.2.2 Key industry insights 32
2.1.2.3 Breakdown of primaries 33
2.1.2.4 Key data from primary sources 33
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 34
2.3 MARKET SIZE ESTIMATION 35
2.3.1 BOTTOM-UP APPROACH 35
2.3.2 TOP-DOWN APPROACH 36
2.3.3 DEMAND-SIDE ANALYSIS 37
2.3.3.1 Assumptions for demand-side analysis 37
2.3.3.2 Calculations for demand-side analysis 37
2.3.4 SUPPLY-SIDE ANALYSIS 38
2.3.4.1 Assumptions for supply-side analysis 39
2.3.4.2 Calculations for supply-side analysis 39
2.4 FORECAST ASSUMPTIONS 40
2.5 KEY INFLUENCING FACTORS/DRIVERS 40
2.5.1 WELL COUNT 40
2.5.2 RIG COUNT 41
2.5.3 IMPACT OF FLUCTUATING CRUDE OIL PRICES ON OIL & GAS INDUSTRY 42
2.6 RISK ASSUMPTIONS 43
2.7 LIMITATIONS 43
3 EXECUTIVE SUMMARY 44
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PERFORATING GUN MARKET 48
4.2 PERFORATING GUN MARKET, BY REGION 49
4.3 PERFORATING GUN MARKET, BY WELL TYPE 49
4.4 PERFORATING GUN MARKET, BY APPLICATION 50
4.5 PERFORATING GUN MARKET, BY PRESSURE 50
4.6 PERFORATING GUN MARKET, BY DEPTH 50
4.7 PERFORATING GUN MARKET, BY GUN TYPE 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 52
5.2.1 DRIVERS 53
5.2.1.1 Surging industrialization, urbanization, and rising living standards in emerging economies 53
5.2.1.2 Growing need for maximizing production potential of mature oil and gas fields through re-perforation 53
5.2.2 RESTRAINTS 54
5.2.2.1 Fluctuating oil prices 54
5.2.2.2 Lack of standardization 54
5.2.3 OPPORTUNITIES 55
5.2.3.1 Re-perforation of old wells 55
5.2.3.2 Digitalization and automation 55
5.2.4 CHALLENGES 56
5.2.4.1 Safety risks associated with handling, transporting, and deploying explosive charges in oil & gas wells 56
5.2.4.2 High operational costs 56
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 57
5.4 SUPPLY CHAIN ANALYSIS 57
5.5 ECOSYSTEM ANALYSIS 58
5.6 TECHNOLOGY ANALYSIS 59
5.6.1 KEY TECHNOLOGIES 59
5.6.1.1 Wireline-conveyed perforating 59
5.6.1.2 Laser-based perforating 59
5.6.2 COMPLEMENTARY TECHNOLOGIES 60
5.6.2.1 Tubing-conveyed perforating systems 60
5.6.3 ADJACENT TECHNOLOGIES 60
5.6.3.1 Smart perforating systems 60
5.6.3.2 Non-explosive perforating technology 60
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5.7 CASE STUDY ANALYSIS 61
5.7.1 HUNTING TITAN INTRODUCED H-4 INTERNAL ORIENTING PERFORATING SYSTEM THAT ENSURED RELIABILITY AND ACCURACY IN HORIZONTAL WELL COMPLETIONS 61
5.7.2 EXPRO'S ARGENTINA TEAM INTRODUCED GRAVITY-ASSISTED, SELF-ORIENTING GUN SYSTEM TO ACHIEVE RELIABLE 0 ORIENTATION 61
5.7.3 GR ENERGY SERVICES PARTNERED WITH WELLMATICS TO DESIGN AND DEPLOY CUSTOM-ENGINEERED PERFORATING GUN SYSTEM THAT MINIMIZED HUMAN ERROR RISKS AND SIGNIFICANTLY REDUCED MISFIRE OCCURRENCES 62
5.8 PATENT ANALYSIS 63
5.9 KEY CONFERENCES AND EVENTS, 2025-2026 64
5.10 REGULATORY LANDSCAPE 65
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
5.10.2 REGULATIONS 67
5.11 IMPACT OF 2025 US TARIFF - OVERVIEW 68
5.11.1 INTRODUCTION 68
5.11.2 KEY TARIFF RATES 68
5.11.3 IMPACT ON COUNTRY/REGION 70
5.11.3.1 The US 70
5.11.3.2 Europe 71
5.11.3.3 APAC 72
5.11.4 IMPACT ON END USE INDUSTRIES 72
5.12 PORTER'S FIVE FORCES ANALYSIS 73
5.12.1 THREAT OF SUBSTITUTES 74
5.12.2 BARGAINING POWER OF SUPPLIERS 74
5.12.3 BARGAINING POWER OF BUYERS 75
5.12.4 THREAT OF NEW ENTRANTS 75
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 75
6 PERFORATING GUN MARKET, BY APPLICATION 76
6.1 INTRODUCTION 77
6.2 ONSHORE 78
6.2.1 INCREASING INVESTMENTS IN ONSHORE EXPLORATION AND RE-EXPLORATION TO FUEL MARKET GROWTH 78
6.3 OFFSHORE 79
6.3.1 GROWING NUMBER OF AGING SUBSEA WELLS TO FUEL MARKET GROWTH 79
7 PERFORATING GUN MARKET, BY DEPTH 80
7.1 INTRODUCTION 81
7.2 UP TO 3,000 FT. 82
7.2.1 GROWING EXPLORATION ACTIVITIES TARGETING SHALLOW WELLS TO DRIVE MARKET 82
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7.3 3,001-8,000 FT. 83
7.3.1 ONGOING TECHNOLOGICAL INNOVATIONS AIMED AT IMPROVING OPERATIONAL EFFICIENCY TO FUEL MARKET GROWTH 83
7.4 ABOVE 8,000 FT. 84
7.4.1 RISING DEMAND FOR EQUIPMENT TO TACKLE HOSTILE ENVIRONMENTS TO SUPPORT MARKET GROWTH 84
8 TYPES OF EXPLOSIVES USED IN PERFORATING GUNS 85
8.1 INTRODUCTION 85
8.2 CYCLOTRIMETHYLENE TRINITRAMINE (RDX) 85
8.3 CYCLOTETRAMETHYLENE TRINITRAMINE (HMX) 85
8.4 HEXANITROSILBENE (HNS) 86
9 PERFORATING GUN MARKET, BY WELL TYPE 87
9.1 INTRODUCTION 88
9.2 HORIZONTAL WELL 89
9.2.1 ENHANCED PRODUCTION RATES DUE TO EXTENDED WELLBORE LENGTHS AND REDUCED PRESSURE DROPS NEAR WELLBORE TO DRIVE MARKET 89
9.3 VERTICAL WELL 90
9.3.1 INCREASING INVESTMENTS IN EXPLORATION AND PRODUCTION OF UNCONVENTIONAL RESOURCES TO FUEL MARKET GROWTH 90
10 TYPES OF PERFORATING GUNS USED IN WELL OPERATIONS 91
10.1 INTRODUCTION 91
10.2 EXPENDABLE 91
10.3 SEMI-EXPENDABLE 91
10.4 RETRIEVABLE 92
11 PERFORATING GUN MARKET, BY GUN TYPE 93
11.1 INTRODUCTION 94
11.2 THROUGH TUBING HOLLOW CARRIER GUN SYSTEM 95
11.2.1 EXPLORATION OF NEW OFFSHORE WELLS AND WELL INTERVENTION TO FUEL MARKET GROWTH 95
11.3 WIRELINE CONVEYED CASING GUN SYSTEM 96
11.3.1 INCREASING NUMBER OF DEEPWATER AND ULTRA-DEEPWATER EXPLORATION PROJECTS TO DRIVE MARKET 96
11.4 THROUGH TUBING EXPOSED GUN SYSTEM 97
11.4.1 RISING RE-PERFORATION ACTIVITIES IN MATURE OIL & GAS WELLS TO FUEL MARKET GROWTH 97
11.5 TUBING CONVEYED PERFORATION SYSTEM 98
11.5.1 APPLICATION IN CHALLENGING RESERVOIR ENVIRONMENTS, COMPLEX GEOLOGIES, AND HOSTILE CONDITIONS TO BOOST DEMAND 98
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12 PERFORATING GUN MARKET, BY PRESSURE 100
12.1 INTRODUCTION 101
12.2 HIGH-PRESSURE 102
12.2.1 ONGOING TECHNOLOGICAL ADVANCEMENTS IN PERFORATION SYSTEMS AND SERVICES TO DRIVE MARKET 102
12.3 LOW-PRESSURE 103
12.3.1 RISING DEMAND FOR COST-EFFECTIVE ALTERNATIVE FOR OIL & GAS OPERATORS TO DRIVE MARKET 103
13 TYPES OF ORIENTATIONS IN PERFORATING GUNS 104
13.1 INTRODUCTION 104
13.2 INTERNAL 104
13.3 EXTERNAL 104
14 PERFORATING GUN MARKET, BY REGION 105
14.1 INTRODUCTION 106
14.2 NORTH AMERICA 107
14.2.1 US 111
14.2.1.1 Emphasis on transitioning to cleaner energy solutions to fuel market growth 111
14.2.2 CANADA 113
14.2.2.1 Presence of oil sands reserves to offer lucrative growth opportunities 113
14.2.3 MEXICO 114
14.2.3.1 Growing energy demands and need to reduce reliance on imports to drive market 114
14.3 EUROPE 115
14.3.1 UK 119
14.3.1.1 New discoveries in West of Shetland, Northern North Sea, Central North Sea, and Southern North Sea to offer lucrative growth opportunities 119
14.3.2 RUSSIA 120
14.3.2.1 Ongoing field developments and new drilling activities to fuel market growth 120
14.3.3 NORWAY 122
14.3.3.1 Surging investment in oil & gas industry to fuel market growth 122
14.3.4 REST OF EUROPE 123
14.4 SOUTH AMERICA 124
14.4.1 BRAZIL 128
14.4.1.1 Dominance in deepwater extraction to support market growth 128
14.4.2 ARGENTINA 129
14.4.2.1 Robust shale development to foster market growth 129
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14.4.3 VENEZUELA 130
14.4.3.1 Government-led policies to attract foreign investments in exploration activities to drive market 130
14.4.4 REST OF SOUTH AMERICA 131
14.5 MIDDLE EAST & AFRICA 133
14.5.1 SAUDI ARABIA 136
14.5.1.1 Rise in exploration and production activities to foster market growth 136
14.5.2 UAE 138
14.5.2.1 Emphasis on increasing crude oil production capacity to fuel market growth 138
14.5.3 ALGERIA 139
14.5.3.1 Presence of major oil & gas reserves to offer lucrative growth opportunities 139
14.5.4 NIGERIA 140
14.5.4.1 Exploration shift toward deepwater and ultra-deepwater offshore fields to support market growth 140
14.5.5 REST OF MIDDLE EAST & AFRICA 142
14.6 ASIA PACIFIC 143
14.6.1 CHINA 147
14.6.1.1 Rising emphasis on increasing shale gas production to boost demand 147
14.6.2 INDIA 148
14.6.2.1 Focus on offshore exploration and revitalizing legacy oilfields to fuel market growth 148
14.6.3 AUSTRALIA 150
14.6.3.1 Government-led policies supporting oil exploration and production to support market growth 150
14.6.4 MALAYSIA 151
14.6.4.1 Growing focus on optimizing mature fields and expanding deepwater exploration to support market growth 151
14.6.5 INDONESIA 152
14.6.5.1 Revitalization of aging fields to drive market 152
14.6.6 REST OF ASIA PACIFIC 154
15 COMPETITIVE LANDSCAPE 156
15.1 OVERVIEW 156
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2025 156
15.3 MARKET SHARE ANALYSIS, 2024 158
15.4 REVENUE ANALYSIS, 2020-2024 161
15.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 161
15.5.1 STARS 161
15.5.2 EMERGING LEADERS 161
15.5.3 PERVASIVE PLAYERS 162
15.5.4 PARTICIPANTS 162
15.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 163
15.5.5.1 Company footprint 163
15.5.5.2 Region footprint 165
15.5.5.3 Gun type footprint 166
15.5.5.4 Well pressure type footprint 167
15.5.5.5 Well type footprint 168
15.5.5.6 Application footprint 169
15.6 COMPETITIVE SCENARIO 170
15.6.1 PRODUCT LAUNCHES 170
15.6.2 DEALS 171
15.6.3 EXPANSIONS 172
15.6.4 OTHER DEVELOPMENTS 173
16 COMPANY PROFILES 174
16.1 KEY COMPANIES 174
16.1.1 SLB 174
16.1.1.1 Business and financial overview 174
16.1.1.2 Products/Services offered 175
16.1.1.3 Recent developments 176
16.1.1.3.1 Deals 176
16.1.1.3.2 Other developments 177
16.1.1.3.3 Product launches 178
16.1.1.4 MnM view 178
16.1.1.4.1 Key strengths/Right to win 178
16.1.1.4.2 Strategic choices 178
16.1.1.4.3 Weaknesses/Competitive threats 179
16.1.2 WEATHERFORD 180
16.1.2.1 Business and financial overview 180
16.1.2.2 Products/Services offered 181
16.1.2.3 Recent developments 182
16.1.2.3.1 Deals 182
16.1.2.3.2 Other developments 182
16.1.2.4 MnM view 183
16.1.2.4.1 Key strengths/Right to win 183
16.1.2.4.2 Strategic choices 183
16.1.2.4.3 Weaknesses/Competitive threats 183
16.1.3 BAKER HUGHES COMPANY 184
16.1.3.1 Business and financial overview 184
16.1.3.2 Products/Services offered 185
16.1.3.3 Recent developments 186
16.1.3.3.1 Deals 186
16.1.3.3.2 Other developments 187
16.1.3.4 MnM view 187
16.1.3.4.1 Key strengths/Right to win 187
16.1.3.4.2 Strategic choices 187
16.1.3.4.3 Weaknesses/Competitive threats 188
16.1.4 HALLIBURTON 189
16.1.4.1 Business and financial overview 189
16.1.4.2 Products/Services offered 190
16.1.4.3 Recent developments 191
16.1.4.3.1 Deals 191
16.1.4.4 MnM view 192
16.1.4.4.1 Key strengths/Right to win 192
16.1.4.4.2 Strategic choices 192
16.1.4.4.3 Weaknesses/Competitive threats 192
16.1.5 NOV 193
16.1.5.1 Business and financial overview 193
16.1.5.2 Products/Services offered 194
16.1.5.3 Recent developments 195
16.1.5.3.1 Other developments 195
16.1.5.4 MnM view 195
16.1.5.4.1 Key strengths/Right to win 195
16.1.5.4.2 Strategic choices 196
16.1.5.4.3 Weaknesses/Competitive threats 196
16.1.6 CORE LABORATORIES 197
16.1.6.1 Business and financial overview 197
16.1.6.2 Products/Services offered 198
16.1.6.3 Recent developments 199
16.1.6.3.1 Deals 199
16.1.7 EXPRO GROUP 200
16.1.7.1 Business and financial overview 200
16.1.7.2 Products/Services offered 201
16.1.7.3 Recent developments 202
16.1.7.3.1 Deals 202
16.1.8 XI'AN ZZ TOP OIL TOOLS CO., LTD 204
16.1.8.1 Business and financial overview 204
16.1.8.2 Products/Services offered 204
16.1.9 LLC "PROMPERFORATOR" 205
16.1.9.1 Business and financial overview 205
16.1.9.2 Products/Services offered 205
16.1.10 G&H DIVERSIFIED MANUFACTURING, L.P. 207
16.1.10.1 Business and financial overview 207
16.1.10.2 Products/Services offered 207
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16.1.11 REPEAT PRECISION 208
16.1.11.1 Business and financial overview 208
16.1.11.2 Products/Services offered 208
16.1.12 OSO PERFORATING 209
16.1.12.1 Business and financial overview 209
16.1.12.2 Products/Services offered 209
16.1.13 WELLMATICS 210
16.1.13.1 Business and financial overview 210
16.1.13.2 Products/Services offered 210
16.1.14 DMC GLOBAL. 211
16.1.14.1 Business and financial overview 211
16.1.14.2 Products/Services offered 213
16.1.14.3 Recent developments 213
16.1.14.3.1 Product launches 213
16.1.15 GEODYNAMICS 215
16.1.15.1 Business and financial overview 215
16.1.15.2 Products/Services offered 215
16.1.15.3 Recent developments 216
16.1.15.3.1 Product launches 216
16.2 OTHER PLAYERS 217
16.2.1 SHAANXI FYPE RIGID MACHINERY CO., LTD 217
16.2.2 HUNTING 218
16.2.3 STEELHAUS TECHNOLOGIES INC. 219
16.2.4 HUNT & HUNT LTD. 219
16.2.5 SWM TECHNOLOGIES 220
16.2.6 LANDSEA TECHNICAL SERVICES PTE. LTD. 221
16.2.7 CHINA VIGOR DRILLING OIL TOOLS AND EQUIPMENT CO., LTD 222
16.2.8 PENGO WIRELINE OF CALIFORNIA 222
16.2.9 FHE USA LLC 223
16.2.10 RENEGADE SERVICES 223
17 APPENDIX 224
17.1 INSIGHTS FROM INDUSTRY EXPERTS 224
17.2 DISCUSSION GUIDE 225
17.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 229
17.4 CUSTOMIZATION OPTIONS 231
17.5 RELATED REPORTS 231
17.6 AUTHOR DETAILS 232
TABLE 1 PERFORATING GUN MARKET SNAPSHOT 44
TABLE 2 OIL DEMAND GROWTH RATES IN KEY EMERGING ECONOMIES 53
TABLE 3 ROLE OF COMPANIES IN PERFORATING GUN ECOSYSTEM 58
TABLE 4 LIST OF KEY PATENTS, 2021-2023 64
TABLE 5 KEY CONFERENCES AND EVENTS, 2025-2026 64
TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 65
TABLE 7 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 66
TABLE 8 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 9 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 67
TABLE 10 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 11 US-ADJUSTED RECIPROCAL TARIFF RATES, 2024 (USD BILLION) 68
TABLE 12 EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END USE MARKET
DUE TO TARIFF IMPACT 69
TABLE 13 PORTER'S FIVE FORCES ANALYSIS 73
TABLE 14 PERFORATING GUN MARKET, BY APPLICATION, 2021-2024 (USD MILLION) 77
TABLE 15 PERFORATING GUN MARKET, BY APPLICATION, 2025-2030 (USD MILLION) 77
TABLE 16 ONSHORE: PERFORATING GUN MARKET, BY REGION, 2021-2024 (USD MILLION) 78
TABLE 17 ONSHORE: PERFORATING GUN MARKET, BY REGION, 2025-2030 (USD MILLION) 78
TABLE 18 OFFSHORE: PERFORATING GUN MARKET, BY REGION, 2021-2024 (USD MILLION) 79
TABLE 19 OFFSHORE: PERFORATING GUN MARKET, BY REGION, 2025-2030 (USD MILLION) 79
TABLE 20 PERFORATING GUN MARKET, BY DEPTH, 2021-2024 (USD MILLION) 81
TABLE 21 PERFORATING GUN MARKET, BY DEPTH, 2025-2030 (USD MILLION) 81
TABLE 22 UP TO 3,000 FT.: PERFORATING GUN MARKET, BY REGION,
2021-2024 (USD MILLION) 82
TABLE 23 UP TO 3,000 FT.: PERFORATING GUN MARKET, BY REGION,
2025-2030 (USD MILLION) 82
TABLE 24 3,001-8,000 FT.: PERFORATING GUN MARKET, BY REGION,
2021-2024 (USD MILLION) 83
TABLE 25 3,001-8,000 FT.: PERFORATING GUN MARKET, BY REGION,
2025-2030 (USD MILLION) 83
TABLE 26 ABOVE 8,000 FT.: PERFORATING GUN MARKET, BY REGION,
2021-2024 (USD MILLION) 84
TABLE 27 ABOVE 8,000 FT.: PERFORATING GUN MARKET, BY REGION,
2025-2030 (USD MILLION) 84
TABLE 28 AVERAGE HOLE SIZE, RDX VS. HMX 86
TABLE 29 PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 88
TABLE 30 PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 88
TABLE 31 HORIZONTAL WELL: PERFORATING GUN MARKET, BY REGION,
2021-2024 (USD MILLION) 89
TABLE 32 HORIZONTAL WELL: PERFORATING GUN MARKET, BY REGION,
2025-2030 (USD MILLION) 89
TABLE 33 VERTICAL WELL: PERFORATING GUN MARKET, BY REGION,
2021-2024 (USD MILLION) 90
TABLE 34 VERTICAL WELL: PERFORATING GUN MARKET, BY REGION,
2025-2030 (USD MILLION) 90
TABLE 35 PERFORATING GUN MARKET, BY GUN TYPE, 2021-2024 (USD MILLION) 94
TABLE 36 PERFORATING GUN MARKET, BY GUN TYPE, 2025-2030 (USD MILLION) 95
TABLE 37 THROUGH TUBING HOLLOW CARRIER GUN SYSTEM: PERFORATING GUN MARKET, BY REGION, 2021-2024 (USD MILLION) 95
TABLE 38 THROUGH TUBING HOLLOW CARRIER GUN SYSTEM: PERFORATING GUN MARKET, BY REGION, 2025-2030 (USD MILLION) 96
TABLE 39 WIRELINE CONVEYED CASING GUN SYSTEM: PERFORATING GUN MARKET,
BY REGION, 2021-2024 (USD MILLION) 96
TABLE 40 WIRELINE CONVEYED CASING GUN SYSTEM: PERFORATING GUN MARKET,
BY REGION, 2025-2030 (USD MILLION) 97
TABLE 41 THROUGH TUBING EXPOSED GUN SYSTEM: PERFORATING GUN MARKET,
BY REGION, 2021-2024 (USD MILLION) 97
TABLE 42 THROUGH TUBING EXPOSED GUN SYSTEM: PERFORATING GUN MARKET,
BY REGION, 2025-2030 (USD MILLION) 98
TABLE 43 TUBING CONVEYED PERFORATION SYSTEM: PERFORATING GUN MARKET,
BY REGION, 2021-2024 (USD MILLION) 98
TABLE 44 TUBING CONVEYED PERFORATION SYSTEM: PERFORATING GUN MARKET,
BY REGION, 2025-2030 (USD MILLION) 99
TABLE 45 PERFORATING GUN MARKET, BY PRESSURE, 2021-2024 (USD MILLION) 101
TABLE 46 PERFORATING GUN MARKET, BY PRESSURE, 2025-2030 (USD MILLION) 101
TABLE 47 HIGH-PRESSURE: PERFORATING GUN MARKET, BY REGION,
2021-2024 (USD MILLION) 102
TABLE 48 HIGH-PRESSURE: PERFORATING GUN MARKET, BY REGION,
2025-2030 (USD MILLION) 102
TABLE 49 LOW-PRESSURE: PERFORATING GUN MARKET, BY REGION,
2021-2024 (USD MILLION) 103
TABLE 50 LOW-PRESSURE: PERFORATING GUN MARKET, BY REGION,
2025-2030 (USD MILLION) 103
TABLE 51 PERFORATING GUN MARKET, BY REGION, 2021-2024 (USD MILLION) 107
TABLE 52 PERFORATING GUN MARKET, BY REGION, 2025-2030 (USD MILLION) 107
TABLE 53 NORTH AMERICA: PERFORATING GUN MARKET, BY GUN TYPE,
2021-2024 (USD MILLION) 108
TABLE 54 NORTH AMERICA: PERFORATING GUN MARKET, BY GUN TYPE,
2025-2030 (USD MILLION) 109
TABLE 55 NORTH AMERICA: PERFORATING GUN MARKET, BY DEPTH,
2021-2024 (USD MILLION) 109
TABLE 56 NORTH AMERICA: PERFORATING GUN MARKET, BY DEPTH,
2025-2030 (USD MILLION) 109
TABLE 57 NORTH AMERICA: PERFORATING GUN MARKET, BY PRESSURE,
2021-2024 (USD MILLION) 109
TABLE 58 NORTH AMERICA: PERFORATING GUN MARKET, BY PRESSURE,
2025-2030 (USD MILLION) 110
TABLE 59 NORTH AMERICA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 110
TABLE 60 NORTH AMERICA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 110
TABLE 61 NORTH AMERICA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 110
TABLE 62 NORTH AMERICA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 111
TABLE 63 NORTH AMERICA: PERFORATING GUN MARKET, BY COUNTRY,
2021-2024 (USD MILLION) 111
TABLE 64 NORTH AMERICA: PERFORATING GUN MARKET, BY COUNTRY,
2025-2030 (USD MILLION) 111
TABLE 65 US: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 112
TABLE 66 US: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 112
TABLE 67 US: PERFORATING GUN MARKET, BY APPLICATION, 2021-2024 (USD MILLION) 112
TABLE 68 US: PERFORATING GUN MARKET, BY APPLICATION, 2025-2030 (USD MILLION) 112
TABLE 69 CANADA: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 113
TABLE 70 CANADA: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 113
TABLE 71 CANADA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 114
TABLE 72 CANADA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 114
TABLE 73 MEXICO: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 114
TABLE 74 MEXICO: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 115
TABLE 75 MEXICO: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 115
TABLE 76 MEXICO: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 115
TABLE 77 EUROPE: PERFORATING GUN MARKET, BY GUN TYPE, 2021-2024 (USD MILLION) 116
TABLE 78 EUROPE: PERFORATING GUN MARKET, BY GUN TYPE, 2025-2030 (USD MILLION) 116
TABLE 79 EUROPE: PERFORATING GUN MARKET, BY DEPTH, 2021-2024 (USD MILLION) 116
TABLE 80 EUROPE: PERFORATING GUN MARKET, BY DEPTH, 2025-2030 (USD MILLION) 116
TABLE 81 EUROPE: PERFORATING GUN MARKET, BY PRESSURE, 2021-2024 (USD MILLION) 117
TABLE 82 EUROPE: PERFORATING GUN MARKET, BY PRESSURE, 2025-2030 (USD MILLION) 117
TABLE 83 EUROPE: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 117
TABLE 84 EUROPE: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 117
TABLE 85 EUROPE: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 118
TABLE 86 EUROPE: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 118
TABLE 87 EUROPE: PERFORATING GUN MARKET, BY COUNTRY, 2021-2024 (USD MILLION) 118
TABLE 88 EUROPE: PERFORATING GUN MARKET, BY COUNTRY, 2025-2030 (USD MILLION) 118
TABLE 89 UK: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 119
TABLE 90 UK: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 119
TABLE 91 UK: PERFORATING GUN MARKET, BY APPLICATION, 2021-2024 (USD MILLION) 120
TABLE 92 UK: PERFORATING GUN MARKET, BY APPLICATION, 2025-2030 (USD MILLION) 120
TABLE 93 RUSSIA: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 121
TABLE 94 RUSSIA: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 121
TABLE 95 RUSSIA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 121
TABLE 96 RUSSIA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 121
TABLE 97 NORWAY: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 122
TABLE 98 NORWAY: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 122
TABLE 99 NORWAY: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 123
TABLE 100 NORWAY: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 123
TABLE 101 REST OF EUROPE: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 123
TABLE 102 REST OF EUROPE: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 124
TABLE 103 REST OF EUROPE: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 124
TABLE 104 REST OF EUROPE: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 124
TABLE 105 SOUTH AMERICA: PERFORATING GUN MARKET, BY GUN TYPE,
2021-2024 (USD MILLION) 125
TABLE 106 SOUTH AMERICA: PERFORATING GUN MARKET, BY GUN TYPE,
2025-2030 (USD MILLION) 125
TABLE 107 SOUTH AMERICA: PERFORATING GUN MARKET, BY DEPTH,
2021-2024 (USD MILLION) 125
TABLE 108 SOUTH AMERICA: PERFORATING GUN MARKET, BY DEPTH,
2025-2030 (USD MILLION) 125
TABLE 109 SOUTH AMERICA: PERFORATING GUN MARKET, BY PRESSURE,
2021-2024 (USD MILLION) 126
TABLE 110 SOUTH AMERICA: PERFORATING GUN MARKET, BY PRESSURE,
2025-2030 (USD MILLION) 126
TABLE 111 SOUTH AMERICA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 126
TABLE 112 SOUTH AMERICA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 126
TABLE 113 SOUTH AMERICA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 127
TABLE 114 SOUTH AMERICA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 127
TABLE 115 SOUTH AMERICA: PERFORATING GUN MARKET, BY COUNTRY,
2021-2024 (USD MILLION) 127
TABLE 116 SOUTH AMERICA: PERFORATING GUN MARKET, BY COUNTRY,
2025-2030 (USD MILLION) 127
TABLE 117 BRAZIL: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 128
TABLE 118 BRAZIL: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 128
TABLE 119 BRAZIL: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 128
TABLE 120 BRAZIL: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 129
TABLE 121 ARGENTINA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 129
TABLE 122 ARGENTINA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 129
TABLE 123 ARGENTINA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 130
TABLE 124 ARGENTINA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 130
TABLE 125 VENEZUELA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 130
TABLE 126 VENEZUELA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 131
TABLE 127 VENEZUELA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 131
TABLE 128 VENEZUELA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 131
TABLE 129 REST OF SOUTH AMERICA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 132
TABLE 130 REST OF SOUTH AMERICA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 132
TABLE 131 REST OF SOUTH AMERICA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 132
TABLE 132 REST OF SOUTH AMERICA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 132
TABLE 133 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY GUN TYPE,
2021-2024 (USD MILLION) 133
TABLE 134 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY GUN TYPE,
2025-2030 (USD MILLION) 133
TABLE 135 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY DEPTH,
2021-2024 (USD MILLION) 134
TABLE 136 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY DEPTH,
2025-2030 (USD MILLION) 134
TABLE 137 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY PRESSURE,
2021-2024 (USD MILLION) 134
TABLE 138 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY PRESSURE,
2025-2030 (USD MILLION) 134
TABLE 139 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 135
TABLE 140 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 135
TABLE 141 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 135
TABLE 142 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 135
TABLE 143 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY COUNTRY,
2021-2024 (USD MILLION) 136
TABLE 144 MIDDLE EAST & AFRICA: PERFORATING GUN MARKET, BY COUNTRY,
2025-2030 (USD MILLION) 136
TABLE 145 SAUDI ARABIA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 137
TABLE 146 SAUDI ARABIA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 137
TABLE 147 SAUDI ARABIA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 137
TABLE 148 SAUDI ARABIA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 137
TABLE 149 UAE: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 138
TABLE 150 UAE: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 138
TABLE 151 UAE: PERFORATING GUN MARKET, BY APPLICATION, 2021-2024 (USD MILLION) 138
TABLE 152 UAE: PERFORATING GUN MARKET, BY APPLICATION, 2025-2030 (USD MILLION) 139
TABLE 153 ALGERIA: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 139
TABLE 154 ALGERIA: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 140
TABLE 155 ALGERIA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 140
TABLE 156 ALGERIA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 140
TABLE 157 NIGERIA: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 141
TABLE 158 NIGERIA: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 141
TABLE 159 NIGERIA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 141
TABLE 160 NIGERIA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 141
TABLE 161 REST OF MIDDLE EAST & AFRICA: PERFORATING GUN MARKET,
BY WELL TYPE, 2021-2024 (USD MILLION) 142
TABLE 162 REST OF MIDDLE EAST & AFRICA: PERFORATING GUN MARKET,
BY WELL TYPE, 2025-2030 (USD MILLION) 142
TABLE 163 REST OF MIDDLE EAST & AFRICA: PERFORATING GUN MARKET,
BY APPLICATION, 2021-2024 (USD MILLION) 143
TABLE 164 REST OF MIDDLE EAST & AFRICA: PERFORATING GUN MARKET,
BY APPLICATION, 2025-2030 (USD MILLION) 143
TABLE 165 ASIA PACIFIC: PERFORATING GUN MARKET, BY GUN TYPE,
2021-2024 (USD MILLION) 144
TABLE 166 ASIA PACIFIC: PERFORATING GUN MARKET, BY GUN TYPE,
2025-2030 (USD MILLION) 144
TABLE 167 ASIA PACIFIC: PERFORATING GUN MARKET, BY DEPTH, 2021-2024 (USD MILLION) 144
TABLE 168 ASIA PACIFIC: PERFORATING GUN MARKET, BY DEPTH, 2025-2030 (USD MILLION) 144
TABLE 169 ASIA PACIFIC: PERFORATING GUN MARKET, BY PRESSURE,
2021-2024 (USD MILLION) 145
TABLE 170 ASIA PACIFIC: PERFORATING GUN MARKET, BY PRESSURE,
2025-2030 (USD MILLION) 145
TABLE 171 ASIA PACIFIC: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 145
TABLE 172 ASIA PACIFIC: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 145
TABLE 173 ASIA PACIFIC: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 146
TABLE 174 ASIA PACIFIC: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 146
TABLE 175 ASIA PACIFIC: PERFORATING GUN MARKET, BY COUNTRY,
2021-2024 (USD MILLION) 146
TABLE 176 ASIA PACIFIC: PERFORATING GUN MARKET, BY COUNTRY,
2025-2030 (USD MILLION) 147
TABLE 177 CHINA: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 147
TABLE 178 CHINA: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 148
TABLE 179 CHINA: PERFORATING GUN MARKET, BY APPLICATION, 2021-2024 (USD MILLION) 148
TABLE 180 CHINA: PERFORATING GUN MARKET, BY APPLICATION, 2025-2030 (USD MILLION) 148
TABLE 181 INDIA: PERFORATING GUN MARKET, BY WELL TYPE, 2021-2024 (USD MILLION) 149
TABLE 182 INDIA: PERFORATING GUN MARKET, BY WELL TYPE, 2025-2030 (USD MILLION) 149
TABLE 183 INDIA: PERFORATING GUN MARKET, BY APPLICATION, 2021-2024 (USD MILLION) 149
TABLE 184 INDIA: PERFORATING GUN MARKET, BY APPLICATION, 2025-2030 (USD MILLION) 149
TABLE 185 AUSTRALIA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 150
TABLE 186 AUSTRALIA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 150
TABLE 187 AUSTRALIA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 151
TABLE 188 AUSTRALIA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 151
TABLE 189 MALAYSIA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 151
TABLE 190 MALAYSIA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 152
TABLE 191 MALAYSIA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 152
TABLE 192 MALAYSIA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 152
TABLE 193 INDONESIA: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 153
TABLE 194 INDONESIA: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 153
TABLE 195 INDONESIA: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 153
TABLE 196 INDONESIA: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 153
TABLE 197 REST OF ASIA PACIFIC: PERFORATING GUN MARKET, BY WELL TYPE,
2021-2024 (USD MILLION) 154
TABLE 198 REST OF ASIA PACIFIC: PERFORATING GUN MARKET, BY WELL TYPE,
2025-2030 (USD MILLION) 154
TABLE 199 REST OF ASIA PACIFIC: PERFORATING GUN MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 155
TABLE 200 REST OF ASIA PACIFIC: PERFORATING GUN MARKET, BY APPLICATION,
2025-2030 (USD MILLION) 155
TABLE 201 PERFORATING GUN MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, 2021-2025 156
TABLE 202 PERFORATING GUN MARKET: DEGREE OF COMPETITION, 2024 158
TABLE 203 PERFORATING GUN MARKET: REGION FOOTPRINT 165
TABLE 204 PERFORATING GUN MARKET: GUN TYPE FOOTPRINT 166
TABLE 205 PERFORATING GUN MARKET: WELL PRESSURE TYPE FOOTPRINT 167
TABLE 206 PERFORATING GUN MARKET: WELL TYPE FOOTPRINT 168
TABLE 207 PERFORATING GUN MARKET: APPLICATION FOOTPRINT 169
TABLE 208 PERFORATING GUN MARKET: PRODUCT LAUNCHES, JANUARY 2020-
JANUARY 2025 170
TABLE 209 PERFORATING GUN MARKET: DEALS, JANUARY 2020-JANUARY 2025 171
TABLE 210 PERFORATING GUN MARKET: EXPANSION, JANUARY 2020-JANUARY 2025 172
TABLE 211 PERFORATING GUN MARKET: OTHER DEVELOPMENTS, JANUARY 2020-
JANUARY 2025 173
TABLE 212 SLB: COMPANY OVERVIEW 174
TABLE 213 SLB: PRODUCTS/SERVICES OFFERED 175
TABLE 214 SLB: DEALS 176
TABLE 215 SLB: OTHER DEVELOPMENTS 177
TABLE 216 SLB: PRODUCT LAUNCHES 178
TABLE 217 WEATHERFORD: COMPANY OVERVIEW 180
TABLE 218 WEATHERFORD: PRODUCTS/SERVICES OFFERED 181
TABLE 219 WEATHERFORD: DEALS 182
TABLE 220 WEATHERFORD: OTHER DEVELOPMENTS 182
TABLE 221 BAKER HUGHES COMPANY: COMPANY OVERVIEW 184
TABLE 222 BAKER HUGHES COMPANY: PRODUCTS/SERVICES OFFERED 185
TABLE 223 BAKER HUGHES COMPANY: DEALS 186
TABLE 224 BAKER HUGHES COMPANY: OTHER DEVELOPMENTS 187
TABLE 225 HALLIBURTON: COMPANY OVERVIEW 189
TABLE 226 HALLIBURTON: PRODUCTS/SERVICES OFFERED 190
TABLE 227 HALLIBURTON: DEALS 191
TABLE 228 NOV: COMPANY OVERVIEW 193
TABLE 229 NOV: PRODUCTS/SERVICES OFFERED 194
TABLE 230 NOV: DEALS 195
TABLE 231 NOV: OTHER DEVELOPMENTS 195
TABLE 232 CORE LABORATORIES: COMPANY OVERVIEW 197
TABLE 233 CORE LABORATORIES: PRODUCTS/SERVICES OFFERED 198
TABLE 234 CORE LABORATORIES: DEALS 199
TABLE 235 EXPRO GROUP: COMPANY OVERVIEW 200
TABLE 236 EXPRO GROUP: PRODUCTS/SERVICES OFFERED 201
TABLE 237 EXPRO GROUP: DEALS 202
TABLE 238 XI'AN ZZ TOP OIL TOOLS CO., LTD: COMPANY OVERVIEW 204
TABLE 239 XI'AN ZZ TOP OIL TOOLS CO., LTD: PRODUCTS/SERVICES OFFERED 204
TABLE 240 LLC "PROMPERFORATOR": COMPANY OVERVIEW 205
TABLE 241 LLC "PROMPERFORATOR": PRODUCTS/SERVICES OFFERED 205
TABLE 242 G&H DIVERSIFIED MANUFACTURING, L.P.: COMPANY OVERVIEW 207
TABLE 243 G&H DIVERSIFIED MANUFACTURING, L.P.: PRODUCTS/SERVICES OFFERED 207
TABLE 244 REPEAT PRECISION: COMPANY OVERVIEW 208
TABLE 245 REPEAT PRECISION: PRODUCTS/SERVICES OFFERED 208
TABLE 246 OSO PERFORATING: COMPANY OVERVIEW 209
TABLE 247 OSO PERFORATING: PRODUCTS/SERVICES OFFERED 209
TABLE 248 WELLMATICS: COMPANY OVERVIEW 210
TABLE 249 WELLMATICS: PRODUCTS/SERVICES OFFERED 210
TABLE 250 DMC GLOBAL: COMPANY OVERVIEW 211
TABLE 251 DMC GLOBAL: PRODUCTS/SERVICES OFFERED 213
TABLE 252 DMC GLOBAL: PRODUCT LAUNCHES 213
TABLE 253 GEODYNAMICS.: COMPANY OVERVIEW 215
TABLE 254 GEODYNAMICS: PRODUCTS/SERVICES OFFERED 215
TABLE 255 GEODYNAMICS: PRODUCT LAUNCHES 216
FIGURE 1 PERFORATING GUN MARKET SEGMENTATION AND REGIONAL SCOPE 25
FIGURE 2 PERFORATING GUN MARKET: RESEARCH DESIGN 30
FIGURE 3 PERFORATING GUN MARKET: DATA TRIANGULATION 34
FIGURE 4 PERFORATING GUN MARKET: BOTTOM-UP APPROACH 35
FIGURE 5 PERFORATING GUN MARKET: TOP-DOWN APPROACH 36
FIGURE 6 PERFORATING GUN MARKET: DEMAND-SIDE ANALYSIS 37
FIGURE 7 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF
PERFORATING GUN MARKET 38
FIGURE 8 PERFORATING GUN MARKET: SUPPLY-SIDE ANALYSIS 39
FIGURE 9 MARKET SHARE ANALYSIS OF PERFORATING GUN MARKET, 2024 40
FIGURE 10 CRUDE OIL PRICE VS. RIG COUNT, 2020-2024 41
FIGURE 11 CRUDE OIL PRICE TREND, 2020-2025 42
FIGURE 12 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2025 45
FIGURE 13 HORIZONTAL WELL TO LEAD MARKET IN 2025 45
FIGURE 14 ONSHORE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 46
FIGURE 15 HIGH-PRESSURE SEGMENT TO LEAD MARKET IN 2030 46
FIGURE 16 3,001-8,000 SEGMENT TO GARNER LARGEST MARKET SHARE IN 2030 47
FIGURE 17 TUBING CONVEYED PERFORATION SYSTEM SEGMENT TO LEAD MARKET IN 2025 47
FIGURE 18 RISING EMPHASIS ON PROMOTING LOCAL ENERGY PRODUCTION TO
FOSTER MARKET GROWTH 48
FIGURE 19 MIDDLE EAST & AFRICA TO WITNESS HIGHEST GROWTH DURING
FORECAST PERIOD 49
FIGURE 20 HORIZONTAL WELL TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 49
FIGURE 21 ONSHORE SEGMENT TO LEAD MARKET IN 2030 50
FIGURE 22 LOW-PRESSURE SEGMENT TO DOMINATE MARKET IN 2030 50
FIGURE 23 3,001-8,000 FT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 50
FIGURE 24 TUBING CONVEYED PERFORATION SYSTEM SEGMENT TO DOMINATE
MARKET IN 2030 51
FIGURE 25 PERFORATING GUN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 52
FIGURE 26 EUROPEAN OIL PRICES, 2016-2023 54
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 57
FIGURE 28 PERFORATING GUN MARKET: SUPPLY CHAIN ANALYSIS 57
FIGURE 29 PERFORATING GUN ECOSYSTEM 59
FIGURE 30 PATENT APPLIED AND GRANTED, 2015-2024 63
FIGURE 31 PORTER'S FIVE FORCES ANALYSIS 74
FIGURE 32 PERFORATING GUN MARKET SHARE, BY APPLICATION, 2024 77
FIGURE 33 PERFORATING GUN MARKET SHARE, BY DEPTH, 2024 81
FIGURE 34 PERFORATING GUN MARKET SHARE, BY WELL TYPE, 2024 88
FIGURE 35 PERFORATING GUN MARKET SHARE, BY GUN TYPE, 2024 94
FIGURE 36 PERFORATING GUN MARKET SHARE, BY PRESSURE, 2024 101
FIGURE 37 PERFORATING GUN MARKET SHARE, BY REGION, 2024 106
FIGURE 38 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN GLOBAL PERFORATING GUN MARKET DURING FORECAST PERIOD 106
FIGURE 39 NORTH AMERICA: PERFORATING GUN MARKET SNAPSHOT 108
FIGURE 40 MARKET SHARE ANALYSIS OF KEY PLAYERS OFFERING PERFORATING GUN MODELS, 2024 159
FIGURE 41 PERFORATING GUN MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS,
2020-2024 161
FIGURE 42 PERFORATING GUN MARKET: COMPANY EVALUATION MATRIX, 2024 162
FIGURE 43 PERFORATING GUN MARKET: MARKET FOOTPRINT 163
FIGURE 44 PERFORATING GUN MARKET: COMPANY FOOTPRINT 164
FIGURE 45 SLB: COMPANY SNAPSHOT 175
FIGURE 46 WEATHERFORD: COMPANY SNAPSHOT 181
FIGURE 47 BAKER HUGHES COMPANY: COMPANY SNAPSHOT 185
FIGURE 48 HALLIBURTON: COMPANY SNAPSHOT 190
FIGURE 49 NOV: COMPANY SNAPSHOT 194
FIGURE 50 CORE LABORATORIES: COMPANY SNAPSHOT 198
FIGURE 51 EXPRO GROUP: COMPANY SNAPSHOT 201
FIGURE 52 DMC GLOBAL: COMPANY SNAPSHOT 212
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- Discounts
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As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Available Currencies
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security