United States Perforating Gun Market Size, Share, Growth Analysis Report and Forecast Trends (2026-2035)

Key Trends in the Market

A perforating gun is a device which is used to make holes in oil and gas wells during the production process. These guns carry explosive-shaped charges and are available in a broad range of sizes and configurations.

• Increased usage of hollow carrier guns, which offer larger charges, minimise casing damage, and provide precise penetration capabilities, is one of the key United States perforating gun market trends. These guns offer better control over the charging placement as compared to conventional guns, enhancing the overall accuracy of the perforation process.

• The advent of new perforating gun systems, which consist of a better mechanical design than traditional gun systems, is another crucial trend boosting the market growth. These systems have a simple intricate design that eliminates the risk of accidental detonation from stray charge or voltage, improving overall worker safety.

• Growing collaboration and alliances between market players and power plants are also expected to create new opportunities for the United States perforating gun market growth. For example, in March 2023, Baker Hughes, a US-based company, entered into a 12-month agreement with Ecopetrol, a petroleum provider as well as CHEC, a hydroelectric power plant based in Columbia, to implement a geothermal project in the Nereidas Valley.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

United States Perforating Gun Market Segmentation

Market Share by Well Type

Horizontal and deviated wells occupy a significant portion of the United States perforating gun market share, owing to increasing horizontal well drilling for shale gas exploration. These wells are further gaining popularity in the country as they offer larger areas of contact with impacted surfaces, which reduces the overall operational and maintenance costs.

The rise in horizontal drilling activities in the offshore region is also expected to provide lucrative opportunities for the market growth. As per various estimates, horizontal wells constitute about 97% of US oil projects, which further provides a positive market outlook.

Market Share by Application

As per the United States perforating gun market analysis, onshore drilling accounts for a sizeable share of the US market, due to the rising usage of perforating guns in onshore oil wells. With the rise in the number of onshore oil and gas projects, the demand for perforating guns is expected to foresee an upward trajectory in the coming years.

Furthermore, growing acquisition and partnership activities in the US onshore oil and gas market are expected to positively influence the market expansion in the forecast period.

Competitive Landscape

Other United States perforating gun market players include Weatherford International plc, Halliburton Energy Services, Inc., DMC Global Broomfield, CO., Hunt & Hunt, Ltd., SWM Technologies LLC, Hunting Plc, and Vigor USA, among others.