The low pressure segment is expected to be the fastest-growing segment of the
perforating gun market, by well pressure.
The well pressure segment has been divided into high and low well pressure. The high -pressure
wells are hostile in nature. Despite recent developments in well technology, the regular
instruments are unable to sustain the high pressure and high temperatures in these wells. High
pressure and high temperature wells require special instruments and materials. T hey also require
extra preventive measures and experience as they are considered volatile reservoir environments.
Thus, the need for instruments for high pressure environments provides companies the
opportunity to customize perforating guns using special materials. Regions such as North
America and Asia Pacific are expected to drive the market for perforating guns mostly due to
ongoing investments in shale gas exploration.
North America: The leading market for perforating guns.
In this report, the perforating gun market has been analyzed with respect to 6 regions, namely,
North America, Europe, Asia Pacific, the Middle East, South America, and Africa. The market in
North America is expected to dominate the global perforating gun market.
The EIA has revised the US oil productivity by 460,000 bps. Such a sudden rise in production
clearly indicates that the country is moving toward becoming an independent oil country. Hence,
the US presents an opportunity for the perforating gun market.
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). The
leading players are trying to understand the markets in developing economies and are adopting
various strategies to increase their market shares.
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