Perforating Gun Market Revenue to reach $898.7 Million by 2022 | Key Players include Schlumberger, Weatherford, Baker Hughes, Halliburton and DynaEnergetics.

According to the new market research report "Perforating Gun Market by Gun Type (Wireline Conveyed, Tubing Hollow Carrier, Tubing Strip, Tubing Conveyed), Depth (Up to 3000ft, 3000–8000ft, Above 8000ft), Well Type (Horizontal, Vertical), Well Pressure (High, Low), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global perforating gun market was valued at USD 724.3 Million in 2016 and is expected to reach USD 898.7 Million by 2022 at a CAGR of 3.71%, from 2017 to 2022. Rising oil and gas production, increase in the average well depth over the years, growing complexity of reservoir conditions, and increased shale gas exploration are the major factors driving the perforating gun market.

Don't miss out on business opportunities in Perforating Gun Market. Download PDF Brochure and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135152126

The perforating gun market is mainly driven by the increase in the average well depth over the years. The conventional oil & gas reservoirs are depleting. The new reservoirs are found deep below the earth’s surface. The various methods such as reperforation, drilling of unconventional oil wells, and increasing oil production in hostile reservoir environments with the help of advanced technologies are carried out to meet the oil & gas demand. Thus, the need for technically efficient and advanced perforating guns is increasing to meet the requirements of drilling operators.

Browse and in-depth TOC on "Perforating Gun Market"
77 - Tables
38 - Figures
149 - Pages

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/perforating-gun-market-135152126.html

Increasing shale gas exploration and production will drive the global perforating gun demand close to USD 879 million by 2022
Perforating guns are designed to hold an array of explosive charges and are lowered into the well to the depth where the connection to the reservoir is made. The gun is then fired to make multiple holes in the casing. The multiple fractures made by the perforating gun act as channels through which reservoir fluids, in the form of hydrocarbons, flow from the formation into the wellbore and up to the surface

North America: The fastest growing market for perforating guns.
The market in North America is expected to be the fastest-growing market for perforating guns, closely followed by the Middle East. The US, Canadian, and Mexican governments are looking to invest heavily in the upstream oil & gas industry to reduce imports and move toward self-sustainability. North America is projected to dominate the global perforating gun market by 2022 due to increasing oil & gas activities in the region. The market in North America is also expected to grow at the highest CAGR from 2017 to 2022. This growth is attributed to increased investments in the upstream oil & gas sector, especially in the US. This will ultimately create an opportunity for the perforating gun market.

Request for Free Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=135152126

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the perforating gun market. These include Schlumberger (US), Weatherford (US), Baker Hughes (US), Halliburton (US), and DynaEnergetics (US).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/perforating-gun-market.asp
Visit Our Website: https://www.marketsandmarkets.com

This release was published on openPR.