The study involved major activities in estimating the current size of the perforating gun market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the perforating gun market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, and water & environment journal, to identify and collect information useful for a technical, market-oriented, and commercial study of the global perforating gun market. The other secondary sources included annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The perforating gun market comprises several stakeholders such as companies related to the industry, component manufacturing companies for perforating guns, government & research organizations, organizations, forums, alliances & associations, perforating gun providers, state & national energy authorities, dealers & suppliers, and vendors. The demand side of the market is characterized by increased investment in the residential, commercial, and industrial sectors. The supply side is characterized by investments & expansion and partnerships & collaborations among big players. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Source: Industry Experts
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the perforating gun market and its dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was obtained through primary and secondary research. The research methodology includes studying top market players' annual and financial reports and interviews with industry experts, such as chief executive officers, vice presidents, directors, sales managers, and marketing executives, for key quantitative and qualitative insights related to the perforating gun market.
Perforating Gun Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. Data triangulation and market breakdown processes have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Market Definition
A perforating gun is a device that is used for perforation operations in different sectors, especially the oil & gas industry. It is drilled into a well to get to the depth at which it can hook up with the reservoir and then stimulated to create fractures in the casing. These fractures function as conduits, allowing hydrocarbons from the reservoir to flow into the wellbore and rise to the surface. The main goal of a perforating gun is to facilitate a link between the cased wellbore and the reservoir.
The perforating gun market is defined as the sum of global companies' revenues from providing perforating guns and associated services.
Stakeholders
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Perforating gun providers
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Oilfield service companies
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Offshore and onshore rig manufacturers
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Oil and gas field operators
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National oil companies
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Consulting companies in oil & gas industry
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Oil & gas associations
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Government and research organizations
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State and national regulatory authorities
Report Objectives
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To define, describe, segment, and forecast the perforating gun market based on gun type, depth, pressure, well type, application, and region
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To define the perforating gun market based on type, orientation, and explosives (qualitative)
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To forecast the market sizes for five major regions, namely, North America, Europe, Asia Pacific, South America, and Middle East & Africa, along with their key countries
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To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the growth of the market
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To provide the supply chain analysis, trends/disruptions impacting customers' businesses, market map, ecosystem analysis, regulations, patent analysis, case study analysis, technology analysis, Porter's five forces analysis, trump tariff impact, and regulatory analysis of the perforating gun market
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To analyze opportunities for stakeholders in the perforating gun market and draw a competitive landscape of the market
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To benchmark market players using the company evaluation matrix, which analyzes market players on broad categories of business and product strategies adopted by them
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To compare key market players for the market share, product specifications, and applications
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To strategically profile key players and comprehensively analyze their market ranking and core competencies
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To analyze competitive developments in the perforating gun market, such as contracts & agreements, investments & expansions, mergers & acquisitions, product launches, partnerships, joint ventures & collaborations
Note: The core competencies of companies are captured in terms of their key developments and product portfolios, as well as key strategies adopted to sustain their position in the perforating gun market.
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis as per Feasibility
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Further breakdown of the perforating gun market, by country
Company Information
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Detailed analysis and profiling of additional market players (up to five)
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Growth opportunities and latent adjacency in Perforating Gun Market