Middle East & Africa Perforating Gun Market Size & Outlook
The perforating gun market in Middle East & Africa is expected to reach a projected revenue of US$ 87.1 million by 2030. A compound annual growth rate of 4.7% is expected of Middle East & Africa perforating gun market from 2024 to 2030.
Revenue, 2023 (US$M)
$63.3
Forecast, 2030 (US$M)
$87.1
CAGR, 2024 - 2030
4.7%
Report Coverage
Middle East & Africa
Middle East & Africa perforating gun market, 2018-2030 (US$M)
MEA perforating gun market highlights
- The MEA perforating gun market generated a revenue of USD 63.3 million in 2023.
- The market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, through tubing hollow carrier system was the largest revenue generating type in 2023.
- Through Tubing Hollow Carrier System is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 63.3 million |
| Market revenue in 2030 | USD 87.1 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Through tubing hollow carrier system |
| Fastest growing segment | Through Tubing Hollow Carrier System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Through Tubing Hollow Carrier System |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, PPG Industries Inc, SGL Group, Hexcel Corp, Compagnie de Saint-Gobain SA, Cytec Industries, Unitech Aerospace, Gurit |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.4% of the global perforating gun market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 544.1 million by 2030.
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Perforating Gun Market Scope
Perforating gun market segmentation & scope
Through Tubing Hollow Carrier System
Wireline Conveyed Casing System
Through Tubing Exposed Gun System
Tubing Conveyed The Perforation System
Application
Onshore
Offshore
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Argentina
Brazil
Perforating Gun Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa perforating gun market
Related regional statistics
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