Market Overview:
The global hollow-carrier perforating guns market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing adoption of horizontal drilling technology is also expected to drive the growth of this market during the forecast period. The global hollow-carrier perforating guns market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into WCP type and TCP type. The WCP type segment is expected to hold a larger share in terms of revenue in 2018 owing to its high performance and reliability as compared to other types available in this market. On the basis of application, it can be classified into vertical well and horizontal well segments.
Product Definition:
A hollow-carrier perforating gun is a tool used in the oil and gas industry to create perforations in pipelines. The gun creates these perforations by firing small projectiles (called shots) at high speeds through the pipeline's wall. This allows for the flow of oil and gas from the wellhead to the surface.
WCP Type:
WCP (Water-Cooled Pipes) are used in the construction industry for various applications such as water supply, drainage and ventillation. These pipes are installed inside a protective pipe coating which is made of epoxy resin. The growth factor for this market is mainly attributed to growing urbanization and industrialization in emerging economies including India, China, Brazil and South Africa among others.
TCP Type:
TCP type is used in hollow-carrier perforating guns to indicate the rate of fire. The higher the TCP, the faster is its shooting speed. These devices are widely used by end users such as oil & gas companies for perforation operations in pipes and tunnels.
The global hollow-carrier perforating guns market size was valued at USD 536 million in 2016.
Application Insights:
The market is segmented by application into vertical and horizontal perforating guns. The vertical well application segment dominated the global market in 2017, accounting for over 60% of the overall revenue share. Vertical perforating guns are widely used to establish a communication pathway between different layers or levels in the earth's crust, thereby enabling oil & gas extraction at depths greater than 1,000 meters below ground level.
Horizontal perforating guns are expected to witness significant growth over the forecast period owing to their use in numerous applications including well intervention services for conventional and unconventional reservoirs; stimulation of multiple targets within a single wellbore; remediation operations after an accident or spill at depth; installation of pipelines across harsh environments such as desert areas with high temperatures and low humidity where conventional explosives cannot be used due to safety concerns.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being a major oil and gas producing nation, has numerous perforating guns across the country for various applications. However, with time evolving technologies and changing regulatory scenario perforating guns are also being replaced by advanced technology such as multi-perforated horizontal drilling techniques to increase productivity from wells thereby reducing overall drilling cost for any given well location.
Asia Pacific is expected to be one of the fastest growing regions over the forecast period owing to increasing number of new discoveries coupled with rising production from existing fields especially in China and India which will drive demand for perforating guns used for hydraulic fracturing operations commonly known as fracking operations or shale gas extraction processes using high pressure water jets underground formations containing hydrocarbon deposits thus resulting into enhanced oil recovery (EOR) or enhanced petroleum recovery (EPR).
Growth Factors:
- Increasing demand for oil and gas from developing countries
- Rising investment in exploration and production activities
- Technological advancements in perforating guns that improve their performance
- Growing number of offshore drilling rigs worldwide
- Rising demand for unconventional resources such as shale gas
Scope Of The Report
Report Attributes
Report Details
Report Title
Hollow-carrier Perforating Guns Market Research Report
By Type
WCP Type, TCP Type
By Application
Vertical Well, Horizontal Well
By Companies
Schlumberger, Core Laboratories, Halliburton, Hunting PLC, GE(Baker Hughes), Weatherford, National Oilwell Varco, CNPC, Dynaenergetics, Sinopec, Schlumberger, Zao Ntf Perfotech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Hollow-carrier Perforating Guns Market Report Segments:
The global Hollow-carrier Perforating Guns market is segmented on the basis of:
Types
WCP Type, TCP Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vertical Well, Horizontal Well
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schlumberger
- Core Laboratories
- Halliburton
- Hunting PLC
- GE(Baker Hughes)
- Weatherford
- National Oilwell Varco
- CNPC
- Dynaenergetics
- Sinopec
- Schlumberger
- Zao Ntf Perfotech
Highlights of The Hollow-carrier Perforating Guns Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- WCP Type
- TCP Type
- By Application:
- Vertical Well
- Horizontal Well
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hollow-carrier Perforating Guns Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hollow-carrier perforating guns are a type of firearm that fires projectiles through the barrel that have been filled with explosive material. When the projectile leaves the gun, it is forced through a small hole in the barrel, which causes it to explode. This type of firearm is used primarily for military purposes, as they are able to penetrate armor more easily than other firearms.
Some of the major companies in the hollow-carrier perforating guns market are Schlumberger, Core Laboratories, Halliburton, Hunting PLC, GE(Baker Hughes), Weatherford, National Oilwell Varco, CNPC, Dynaenergetics, Sinopec, Schlumberger, Zao Ntf Perfotech.
The hollow-carrier perforating guns market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hollow-carrier Perforating Guns Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hollow-carrier Perforating Guns Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hollow-carrier Perforating Guns Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hollow-carrier Perforating Guns Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hollow-carrier Perforating Guns Market Size & Forecast, 2020-2028
4.5.1 Hollow-carrier Perforating Guns Market Size and Y-o-Y Growth
4.5.2 Hollow-carrier Perforating Guns Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 WCP Type
5.2.2 TCP Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Vertical Well
6.2.2 Horizontal Well
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hollow-carrier Perforating Guns Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hollow-carrier Perforating Guns Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 WCP Type
9.6.2 TCP Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Vertical Well
9.10.2 Horizontal Well
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 WCP Type
10.6.2 TCP Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Vertical Well
10.10.2 Horizontal Well
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 WCP Type
11.6.2 TCP Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Vertical Well
11.10.2 Horizontal Well
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 WCP Type
12.6.2 TCP Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Vertical Well
12.10.2 Horizontal Well
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 WCP Type
13.6.2 TCP Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Vertical Well
13.10.2 Horizontal Well
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hollow-carrier Perforating Guns Market: Competitive Dashboard
14.2 Global Hollow-carrier Perforating Guns Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 Core Laboratories
14.3.3 Halliburton
14.3.4 Hunting PLC
14.3.5 GE(Baker Hughes)
14.3.6 Weatherford
14.3.7 National Oilwell Varco
14.3.8 CNPC
14.3.9 Dynaenergetics
14.3.10 Sinopec
14.3.11 Schlumberger
14.3.12 Zao Ntf Perfotech
