$1.48 Bn Perforating Gun Markets: Through Tubing Hollow Carrier & Exposed, Wireline Conveyed Casing, TCP - Global Forecast to 2030 - ResearchAndMarkets.com

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 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

• 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

Trends/Disruptions Impacting Customer Business

Supply Chain Analysis

Ecosystem Analysis

Technology Analysis

• Key Technologies
  • Wireline-Conveyed Perforating
  • Laser-Based Perforating
• Complementary Technologies
  • Tubing-Conveyed Perforating Systems
• Adjacent Technologies
  • Smart Perforating Systems
  • Non-Explosive Perforating Technology

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

Patent Analysis

Key Conferences and Events, 2025-2026

Regulatory Landscape

• Regulatory Bodies, Government Agencies, and Other Organizations
• Regulations

Impact of 2025 US Tariff - Overview

• Introduction
• Key Tariff Rates
• Impact on Country/Region
  • The US
  • Europe
  • APAC
• Impact on End Use Industries

Porter's Five Forces Analysis

• Threat of Substitutes
• Bargaining Power of Suppliers
• Bargaining Power of Buyers
• Threat of New Entrants
• Intensity of Competitive Rivalry

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

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