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The Perforating Gun market size will grow from USD 747.7 Million in 2017 to USD 933.1 Million by 2023, at an estimated CAGR of 3.76%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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This growth can be attributed to an increase in oil & gas production, increased shale gas exploration, growing complexity of reservoir conditions, and increase in the average well depth over the years. Tubing conveyed perforating segment is expected to account for the largest share of the perforating gun market, by gun type, as it has been effectively used for many years in various applications such as perforation in underbalanced conditions, high angle/horizontal well perforation, and coiled tubing used as a perforating string. In North America, investments in shale gas exploration made in the US, Canada, and Mexico would provide attractive opportunities for the perforating gun market. The perforating gun market has been segmented, by well type, into vertical and horizontal.

By Market Players:

Baker Hughes , Schlumberger , Weatherford , Halliburton , National Oilwell Varco , Dynaenergetics , Hunting PLC , Yellow Jacket Oil Tool , Promperforator , Core Laboratories , Shaanxi Fype Rigid Machinery , Zao Ntf Perfotech , Tassaroli , Fhe USA , Oiltech Service

By Gun Type

Through Tubing Hollow Carrier , Wireline Conveyed Casing , Through Tubing Strip , Tubing Conveyed Perforating,

By Depth

Up to 3,000 ft. , 3,000–8,000 ft. , Above 8,000 ft., ,

By Well Type

Horizontal , Vertical,

By Well Pressure

High Pressure , Low Pressure,

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