Global Perforating Gun Sales Decreased From 3650Km In 2013 To 3377 Km In 2018
Warning: date() expects parameter 2 to be long, string given in /www/wwwroot/www.globalinforesearch.com/static/themes/default/info_detail.php on line 32
A perforating gun for perforating earth formations, primarily in oil and gas wells. The gun includes a straight metal tube in which explosive jet charges are carried.
For industry structure analysis, the Perforating Gun industry is relatively low concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 43 % of the revenue market. Regionally, Middle East & Africa is the biggest revenue area, also the leader in the whole Perforating Gun industry.
Middle East & Africa occupied 36% of the sales market in 2013. It is followed by North America and Europe, which respectively account for around 25% and 21% of the global total industry. Other countries have a smaller amount of sales.
The sales of Perforating Gun are related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Perforating Gun industry may not keep that fast. But it is surely forecasted that the market of Perforating Gun is still promising.
For price trend analysis, a key variable in the performance of Perforating Gun producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as Home prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
The global Perforating Gun revenue would keep increasing with annual growth rate with 5%. We tend to believe that this industry still has a good future, considering the current demand of Perforating Gun.
Although the market competition of Perforating Gun is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Perforating Gun and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.