Dublin, May 21, 2025 (GLOBE NEWSWIRE) -- The "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" has been added to ResearchAndMarkets.com's offering.
The perforating gun market is projected to escalate from USD 1.19 billion in 2025 to a notable USD 1.48 billion by 2030, exhibiting a CAGR of 4.5% over the forecast period. The relentless global energy demand, spurred by industrial expansions, burgeoning transportation networks, and urbanization, intensifies the pressure on oil and gas producers to amplify supply.
The market is predominantly controlled by global players, with SLB, Baker Hughes, Halliburton, NOV, and Weatherford leading the charge.
By application, the onshore segment is projected to be the fastest growing market during the forecast period.
Within the market, perforating gun applications are bifurcated into offshore and onshore segments. Cutting-edge perforating technologies are enhancing the efficacy and precision of well completion in onshore oil fields. Modern reservoir targeting empowers operators to efficiently reach reservoirs through Wireless Completion and TCP systems. Production in unconventional onshore formations like shale and tight oil achieves peak efficiency via methods that minimize formation damage and enhance reservoir interaction. Recent advances with wireless technology and electronic firing components allow remote system activation and monitoring, optimizing both safety and cost-effectiveness in onshore operations.
By pressure, the high-pressure well segment is anticipated to garner the largest market share during the forecast period.
High-pressure segments hold significant hydrocarbon volumes under immense pressure, posing vast production opportunities. Performance-optimized perforating guns are key to accessing high-pressure reserves, ensuring precise perforations under challenging conditions. This capability yields optimal initial production rates and improved long-term recovery while minimizing geological damage.
Asia Pacific is expected to be the second fastest region in the perforating gun market.
The region is poised to be the second fastest in the market from 2025-2030, driven by governmental endorsements and favorable policies stimulating upstream oil & gas enterprises. India's HELP and China's licensing initiatives enhance exploration, allowing domestic and international operators meaningful access to potential reserves, thereby boosting market demand.
Key Benefits of Buying the Report
- Key market drivers include favorable policies and initiatives towards sustainability. Opportunities lie in re-perforation for mature field production optimization, despite challenges like standardization issues.
- Product Development/Innovation: DynaEnergetics introduced DS Gravity 2.0, an industry-leading, compact perforating gun enhancing efficiency by eliminating orienting subs and weight bars, supported by an adept charge portfolio.
- Market Development: Weatherford secured a five-year contract with Petrobras in Brazil for Drill Pipe Riser systems, commencing March 2025, replacing a prior contract and signaling new market dynamics.
- Market Diversification: Baker Hughes launched a regional oilfield services hub at King Salman Energy Park, bolstering service delivery and positioning for regional growth.
- Competitive Assessment: Rankings and competitive insights into key players such as SLB, Baker Hughes, Halliburton, NOV, and Weatherford.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 233 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value (USD) in 2025 | $1.19 Billion |
| Forecasted Market Value (USD) by 2030 | $1.48 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Topics Covered:
Market Dynamics
Drivers
- Surging Industrialization, Urbanization, and Rising Living Standards in Emerging Economies
- Growing Need For Maximizing Production Potential of Mature Oil and Gas Fields Through Re-Perforation
Restraints
- Fluctuating Oil Prices
- Lack of Standardization
Opportunities
- Re-Perforation of Old Wells
- Digitalization and Automation
Challenges
- Safety Risks Associated With Handling, Transporting, and Deploying Explosive Charges in Oil & Gas Wells
- High Operational Costs
Case Study Analysis
- Hunting Titan Introduced H-4 Internal Orienting Perforating System That Ensured Reliability and Accuracy in Horizontal Well Completions
- Expro's Argentina Team Introduced Gravity-Assisted, Self-Orienting Gun System To Achieve Reliable 0 Orientation
- 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
Company Profiles
- Slb
- Weatherford
- Baker Hughes Company
- Halliburton
- Nov
- Core Laboratories
- Expro Group
- Xi'an Zz Top Oil Tools Co., Ltd
- Llc "Promperforator"
- G&H Diversified Manufacturing, L.P.
- Repeat Precision
- Oso Perforating
- Wellmatics
- Dmc Global
- Geodynamics
- Shaanxi Fype Rigid Machinery Co., Ltd
- Hunting
- Steelhaus Technologies Inc.
- Hunt & Hunt Ltd.
- Swm Technologies
- Landsea Technical Services Pte. Ltd.
- China Vigor Drilling Oil Tools and Equipment Co., Ltd
- Pengo Wireline of California
- Fhe USA Llc
- Renegade Services
For more information about this report visit https://www.researchandmarkets.com/r/w97wg3
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