Global Liner Hanger System Market is anticipated to grow at a steady pace during the forecast period, 2024-2028. The number of rigs, total drilled space per well, and technical advancements are all factors that contribute to the growth of the liner hangers market. The use of expandable liner hanger systems is preferred for deepwater well completions as they are made for situations in which large, heavy liners should be deployed in difficult terrain. A key technology in oilfield drilling is the liner hanger, which enables the liner to be hung in the preceding casing string to lower material costs (metal costs and cementing costs) and provide an effective all-inclusive solution for oilfield drilling.

Over complete casing string, the liner hanger method is more affordable. It provides better cementing, which increases rig capacity. Cementing is a crucial approach used to seal the annulus between the casing and the formation. Main application of hangers are production of oil and gas, from the surface. Hangers are used in drilling process. Additionally, two types of hangers are used in drilling rigs, mechanical and hydraulic.

Constant Rising Demand of Transportation to Fuel  Market Growth during 2024 -2028

Increasing demand of crude oil in vehicles is the main factor driving the market growth during the forecast period. Global energy demand is expected to increase by 30% during the forecast period, according to the International Energy Agency (IEA). Rapid urbanization and industrialization have boosted gasoline consumption in many countries. The use of liquid fuels in the transportation sector is expanding along with rising disposable incomes, which are encouraging more people in emerging countries to acquire vehicles.

The demand for liner hanger systems is anticipated to increase during the forecast period owing to factors such as the growth of unconventional and deep-water exploration and production activities, the need for higher productivity and efficiency, and the benefit of being able to cover large areas with a single rig using long lateral drilling techniques.

The existence of aging onshore fields and the rise in demand for crude oil and natural gas in developing nations are pushing investments in new offshore projects. As a result, it is predicted that the market for liner hanger systems would grow over the projection period owing to the finding of new offshore oil deposits.

Technological Advancement & Government Policies Propelling Market Growth

Latest trend of technological advancement in production equipment expanding the market growth during the forecast period. Echanical-set CMC liner hanger, FLEX-LOCK V liner hanger and HMC hydraulic-set liner hanger are some examples of hydraulic and mechanical set furl lock liner hanger.

Players in the industry have been forced to make considerable investments in identifying new offshore oil and gas deposits due to the rise in demand for oil and gas as well as other petroleum products and high oil prices throughout the world. In 2025, over 600 new offshore oil and gas projects are anticipated to start producing, according to Rystad Energy. In 2025, it is anticipated that investment in the development of new offshore oil and gas projects would exceed USD 480 billion.

The Nigerian National Petroleum Corporation (NNPC) received government approval in 2020 to invest more than 26 billion in upstream offshore exploration and production activities by 2025. As a result, it is anticipated that throughout the projection period, demand for expandable liner hangers at deepwater and ultra-deepwater depths would rise.


Download Free Sample Report

Market Segment

The Global Liner Hanger System Market is segmented on the basis of well type, hanger type, and application. Based on well type, the market is further segmented into horizontal/ directional well, vertical well. Based on hanger type, the market is further divided into mechanical liner hangers, hydraulic liner hangers, and expandable liner hangers. Based on application, the market is bifurcated into onshore and offshore.

Market Players

The main market players in the Global Liner Hanger System Market are Halliburton, Baker Hughes Company, Schlumberger, JC Petro, TIW Corporation, Innovex, NOV Inc., SCM Daleel, Allamon Tool Company Inc., and Tianjin Elegant Technology.

Recent Developments

  • The global upstream industry is anticipated to create its highest-ever free cash flows of USD 1.4 trillion by the end of 2022 at an expected annual Brent oil price of USD 106 per barrel by exercising capital restraint and concentrating on cash flow creation and distribution.
  • According to some analysts and significant oil market participants, such as BP and Shell, the world demand for oil peaked at roughly 100 million barrels per day, and due to structural changes brought on by the epidemic, it will never again approach that level.


Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024– 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Well Type

Hanger Type

Application

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East

Country scope

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Singapore, Malaysia, German,  United Kingdom, France, Italy, Spain, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE, Kuwait, Turkey

Key companies profiled

Halliburton, Baker Hughes Company, Schlumberger, JC Petro, TIW Corporation, Innovex, NOV Inc., SCM Daleel, Allamon Tool Company Inc., Tianjin Elegant Technology

Top of Form

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Liner Hanger System Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Liner Hanger System Market, By Well Type:

o   Horizontal/ Directional well

o   Vertical Well

·  Liner Hanger System Market, By Hanger Type:

o   Mechanical liner hangers

o   Hydraulic liner hangers

o   Expandable liner hangers

·         Liner Hanger System Market, By Application:

o   Onshore

o   Offshore

·         Liner Hanger System Market, By Region:

·         North America

o   United States

o   Canada

o   Mexico

·         Asia-Pacific

o   China

o   India

o   Japan

o   South Korea

o   Australia

o   Singapore

o   Malaysia

·         Europe

o   Germany

o   United Kingdom

o   France

o   Italy

o   Spain

·         South America

o   Brazil

o   Argentina

o   Colombia

·         Middle East

o   Saudi Arabia

o   South Africa

o   UAE

o   Kuwait

o   Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Liner Hanger System Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Global Liner Hanger System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Liner Hanger System Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

6.    Global Liner Hanger System Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Well Type (Horizontal/ Directional well, Vertical Well)

6.2.2.    By Hanger Type (Mechanical liner hangers, Hydraulic liner hangers, Expandable liner hangers)

6.2.3.    By Application (Onshore, Offshore)

6.2.4.    By Region

6.2.5.    By Company

6.3.  Market Map

7.    North America Liner Hanger System Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Well Type

7.2.2.    By Hanger Type

7.2.3.    By Application

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Liner Hanger System Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Well Type

7.3.1.2.2.           By Hanger Type

7.3.1.2.3.           By Application

7.3.2.    Canada Liner Hanger System Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Well Type

7.3.2.2.2.           By Hanger Type

7.3.2.2.3.           By Application

7.3.3.    Mexico Liner Hanger System Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Well Type

7.3.3.2.2.           By Hanger Type

7.3.3.2.3.           By Application

8.    Asia-Pacific Liner Hanger System Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Well Type

8.2.2.    By Hanger Type

8.2.3.    By Application

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Liner Hanger System Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Well Type

8.3.1.2.2.           By Hanger Type

8.3.1.2.3.           By Application

8.3.2.    India Liner Hanger System Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Well Type

8.3.2.2.2.           By Hanger Type

8.3.2.2.3.           By Application

8.3.3.    Japan Liner Hanger System Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Well Type

8.3.3.2.2.           By Hanger Type

8.3.3.2.3.           By Application

8.3.4.    South Korea Liner Hanger System Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Well Type

8.3.4.2.2.           By Hanger Type

8.3.4.2.3.           By Application

8.3.5.    Australia Liner Hanger System Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Well Type

8.3.5.2.2.           By Hanger Type

8.3.5.2.3.           By Application

8.3.6.    Singapore Liner Hanger System Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Well Type

8.3.6.2.2.           By Hanger Type