Perforating Guns Market Size, Share, Trend, Forecast, & Industry Analysis.
The Perforating Guns Market is projected to grow at USD 1.04 Billion in 2022 and is likely to grow at a CAGR of 5.69% during 2022-2028 to reach USD 1.45 Billion in 2028.
Market Drivers:
Surge in oil and gas production, rise in the average well depth over the years, increasing complexity of reservoir conditions, and growing shale gas exploration are the major factors bolstering the perforating guns market.