22-05-2025
$1.48 Bn Perforating Gun Markets: Through Tubing Hollow Carrier & Exposed, Wireline Conveyed Casing, TCP - Global Forecast to 2030
DUBLIN--(BUSINESS WIRE)--May 22, 2025--
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 offering.
The perforating gun market is poised to grow, projected to reach USD 1.48 billion by 2030 from an estimated USD 1.19 billion in 2025, reflecting a CAGR of 4.5% within the forecast period.
Rising global energy demand, fueled by industrial growth, expanding transportation infrastructure, and increasing urbanization, is compelling oil and gas producers to enhance supply capacities.
Onshore Segment Growth
In applications, the onshore segment is expected to be the fastest growing within the perforating gun market during the forecast period. The market is bifurcated into offshore and onshore categories. Advances in perforating technologies have significantly improved operational efficiency and performance in onshore well completions. Enhanced reservoir targeting technology now allows operators to effectively reach reservoirs using WCP and TCP systems for perforating. Unconventional shale and tight oil onshore formations achieve optimal production by mitigating formation damage through these methods. Two recent advancements-wireless technology and electronic firing components in perforating systems-have bolstered operational flexibility by enabling remote activation and monitoring, thus diminishing dangers and cutting expenses in onshore processes.
High-Pressure Well Demand
When segmented by pressure, high-pressure wells are anticipated to capture the largest market share during the forecast period. These wells harbor substantial hydrocarbons under pressure, offering major production opportunities. Operators rely on high-performance perforating guns to access such reserves, ensuring precise perforation even under extreme conditions. Accurate reservoir perforation at high pressure minimizes geological damage and enhances penetration rates, optimizing initial production, improving reservoir drainage, and boosting long-term recovery.
Asia Pacific Market Dynamics
Asia Pacific is expected to become the second-fastest region in the perforating gun market from 2025-2030. The region's market growth is driven by governmental initiatives and supportive policy measures fostering upstream oil and gas activities. Policies like India's Hydrocarbon Exploration and Licensing Policy (HELP) and China's open acreage licensing policy are designed to enhance exploration and development, granting both local and international operators access to potential blocks, reducing entry barriers, fortifying investor confidence, and promoting petroleum operations.
Key Attributes:
Key Topics Covered:
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Trends/Disruptions Impacting Customer Business
Supply Chain Analysis
Ecosystem Analysis
Technology Analysis
Case Study Analysis
Patent Analysis
Key Conferences and Events, 2025-2026
Regulatory Landscape
Impact of 2025 US Tariff - Overview
Porter's Five Forces Analysis
Company Profiles
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KEYWORD:
INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: Research and Markets
Copyright Business Wire 2025.
PUB: 05/22/2025 08:46 AM/DISC: 05/22/2025 08:46 AM
