Report Description

Global Liner Hanger System market was valued at USD 3629.47 million in 2022 and is expected to rise at 9.80% CAGR during the forecast period. The number of rigs, total drilled space per well, and technical advancements are all factors that contribute to the expansion of 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), providing 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 is the production of oil and gas, from the surface.  Two types of hangers are mainly used in drilling rigs, which are mechanical and hydraulic.

Constant Rising Demand of Transportation Fuels Propelling the Market Growth In the Forecast Period

Increasing demand of crude oil in vehicles is the main factor propelling the market growth in the forecast period. Global energy demand is expected to increase by 30% in the next years, according to the International Energy Agency (IEA). Rapid urbanisation and industrialisation 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 due to factors including 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 ageing 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 due to the finding of new offshore oil deposits.

Technological Advancement & Government Policies Propelling Market Growth

Latest trend of technological advancement in production equipment’s are the fact, expanding the market growth in the forecast period. Echanical-set CMC liner hanger, FLEX-LOCK V™ liner hanger, 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) also 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.

Rising Adoption of Packer-Type Drilling-Free Liner Hanger

Currently, more and more three-high (high temperature, high pressure, high sulfur content) and three-low (low pressure, low permeability, low productivity) wells are drilled, and liner hanging cementing are being commonly adopted in these wells. The increasing adoption of packer-type drilling-free liner hangers is a trend that is expected to continue in the coming years. As the oil and gas industry becomes more complex, operators are looking for ways to save time and money, and packer-type drilling-free liner hangers offer a number of advantages such as packer-type drilling-free liner hangers do not necessitate drilling out after cementing, which can save time and money. It also offers a more protected seal between the liner and the casing, which can aid in preventing fluid leakages, are easier to install than outdated liner hangers and do not yield as much waste as traditional liner hangers, which can make them more environmentally friendly. Thus, packer-type drilling-free liner hangers are well-suited for use in a diversity of wellbore conditions, including unconventional oil and gas wells, deepwater wells, and high-pressure wells. They are comparatively easy to install, which makes them a cost-effective option for operators. As the oil and gas industry continues to propagate, it is likely that the use of packer-type drilling-free liner hangers will continue to upsurge. Hence, the global market of liner hanger system is also expected to proliferate during the forecast period.

Increasing Focus on Safety

The oil & gas industry is increasingly focused on safety, and liner hanger system plays an important role in ensuring the safety in oil & gas wells. As a result, there is a growing demand for liner hanger systems, across the globe. There are number of ways in which increasing focus on safety is affecting the global liner hanger system market. First, there is a growing demand for liner hangers that are made from more durable materials. This is because durable liner hanger systems are less likely to fail, thus helping in preventing accidents and injuries. Secondly, they are designed to be more easily inspected and maintained. This is because regular inspection and maintenance can help to recognize potential safety hazards and avoid them from becoming problems. Other than these, the increasing focus on safety is also leading the development of new regulations governing the design and use of liner hanger system.

Volatility of Oil & Gas Prices Hindering the Market Growth

The oil & gas industry is volatile, and this volatility can have a noteworthy impact on the global liner hanger system market. Companies are not as much likely to drill new wells when oil prices are low. This can lead to reduced sales and profits for liner hanger system manufacturers. Moreover, the volatility of oil & gas industry can make it challenging for liner manufacturers to plan for the future. This can lead to interruptions in product development, as manufacturers are uncertain of what products are expected to be in demand in the future. Hence, due to the volatility in oil & gas industry, the global liner hanger system market is negatively impacted.

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Market Segment

The Global Liner Hanger System market is segmented into Well type, Hanger Type, and Application. Based on well type, the market is segmented into horizontal/ directional well, vertical well. Based on hanger type, the market is divided into Mechanical liner hangers, Hydraulic liner hangers, and Expandable liner hangers. Based on application, the market is split into onshore, offshore.

Market Players

The main market players in Global Liner Hanger System Market are NOV INC, Halliburton Co., Weatherford International plc, Schlumberger Limited, Baker Hughes Company, Dril-Quip, Inc, TechnipFMC plc, Innovex Inc, Equinor ASA, Allamon Tool Company, Inc

Recent Developments

·     Currently, Bеlbazеm Offshorе Block in Abu Dhabi, Unitеd Arab Emiratеs (UAE) is a developing field in the region. This fiеld is ownеd by Abu Dhabi National Oil Company (ADNOC) and China National Pеtrolеum Corporation (CNPC). Thе projеct is currеntly in construction stagе and is еxpеctеd to start commеrcial production by the end of 2023. Thе dеvеlopmеnt cost is еxpеctеd to be USD 1,000 million. Due to this Bеlbazеm Offshorе Block projеct, thе nееd of linеr hangеr system is growing rapidly.

·     In addition, according to the province’s government, 97% of existing oil reserves are in the form of oil sands. Canada’s proven oil reserves are located in Alberta. Energy exports to the US, account for the vast majority of Canada’s total energy exports. Owing to this, the market is projected to register a high CAGR in the forecast period.

Attribute

Details

Market Size Value in 2022 (USD Million)

USD 3629.47 Million

Revenue Forecast in 2028 (USD Million)

USD 6255.16 Million

Growth Rate

9.80%

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; Indonesia; Australia; Thailand; Malaysia; Russia, Norway, United Kingdom; Denmark, Italy; Brazil; Argentina; Colombia; Saudi Arabia; South Africa; UAE;

Key companies profiled

NOV INC, Halliburton Co., Weatherford International plc, Schlumberger Limited, Baker Hughes Company, Dril-Quip, Inc, TechnipFMC plc, Innovex Inc, Equinor ASA, Allamon Tool Company, Inc

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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

§  Deep

§  Shallow

§  Ultradeep

·         Liner Hanger System Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Indonesia

§  Australia

§  Thailand

§  Malaysia

o   Europe

§  Russia

§  Norway

§  United Kingdom

§  Denmark

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

Competitive Landscape

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

Available Customizations:

Global Liner Hanger System Market report 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).

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.                   Markets Covered

1.2.2.                   Years Considered for Study

1.2.3.                   Key Market Segmentations

1.3.  Product Definition

1.3.1.                   By Well Type

1.3.2.                   By Hanger Type

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.2.1.                   Methodology Followed for Calculation of Market Size

2.2.2.                   Methodology Followed for Calculation of Market Share

2.2.3.                   Methodology Followed for Forecasting

2.3.  Partial List of Companies Interviewed

2.4.  Partial List of Secondary Sources

3.    Executive Summary

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

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Key Factors Considered while choosing a Liner Hanger System

5.3.  Current Need Gaps

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 (Expandable Liner Hangers, Hydraulic Liner Hangers, Mechanical Liner Hangers)

6.2.3.                    By Application (Onshore, Offshore)

6.2.3.1.        By Offshore Application (Deep, Shallow, Ultradeep)

6.2.4.                    By Industry Model (Planned Sourced Commodity, Completions Service Offering)

6.2.5.                    By Region (Middle East & Africa, North America, Europe & CIS, Asia-Pacific, South America)

6.2.6.                    By Company (2022)

6.3.  Market Map (By Well Type, By Hanger Type, By Application, By Industry Model, By Region)

7.    Middle East & Africa 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

7.2.3.1.        By Offshore Application

7.2.4.                    By Industry Model

7.2.5.                    By Country

7.3.  Middle East & Africa Liner Hanger System Country Analysis

7.3.1.                    Saudi Arabia 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

7.3.1.2.3.1.        By Offshore Application

7.3.2.                    UAE 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

7.3.2.2.3.1.        By Offshore Application

7.3.3.                    South Africa 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

7.3.3.2.3.1.        By Offshore Application

8.    North America 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

8.2.3.1.        By Offshore Application

8.2.4.                    By Industry Model

8.2.5.                    By Country

8.3.  North America Liner Hanger System Country Analysis

8.3.1.                    United States 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

8.3.1.2.3.1.        By Offshore Application

8.3.2.                    Canada 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

8.3.2.2.3.1.        By Offshore Application

8.3.3.                    Mexico 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

8.3.3.2.3.1.        By Offshore Application

9.    Europe & CIS Liner Hanger System Market Outlook

9.1     Market Size & Forecast

9.1.1.                    By Value

9.2.  Market Share & Forecast

9.2.1.                    By Well Type

9.2.2.                    By Hanger Type

9.2.3.                    By Application

9.2.3.1.        By Offshore Application

9.2.4.                    By Industry Model

9.2.5.                    By Country

9.3.  Europe Liner Hanger System Country Analysis

9.3.1.                    Russia Liner Hanger System Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.                     By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.                     By Well Type

9.3.1.2.2.                     By Hanger Type

9.3.1.2.3.                     By Application

9.3.1.2.3.1.        By Offshore Application

9.3.2.                    Norway Liner Hanger System Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.                     By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.                     By Well Type

9.3.2.2.2.                     By Hanger Type

9.3.2.2.3.                     By Application

9.3.2.2.3.1.        By Offshore Application

9.3.3.                    United Kingdom Liner Hanger System Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.                     By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.                     By Well Type

9.3.3.2.2.                     By Hanger Type

9.3.3.2.3.                     By Application

9.3.3.2.3.1.        By Offshore Application

9.3.4.                    Italy Liner Hanger System Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.                     By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.                     By Well Type

9.3.4.2.2.                     By Hanger Type

9.3.4.2.3.                     By Application

9.3.4.2.3.1.        By Offshore Application

9.3.5.                    Denmark Liner Hanger System Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.                     By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.                     By Well Type

9.3.5.2.2.                     By Hanger Type

9.3.5.2.3.                     By Application

9.3.5.2.3.1.        By Offshore Application

10. Asia-Pacific Liner Hanger System Market Outlook

10.1   Market Size & Forecast

10.1.1.                  By Value

10.2.          Market Share & Forecast

10.2.1.                  By Well Type

10.2.2.                  By Hanger Type

10.2.3.                  By Application

10.2.3.1.     By Offshore Application

10.2.4.                  By Industry Model

10.2.5.                  By Country

10.3.          Asia-Pacific Liner Hanger System Country Analysis

10.3.1.                  China Liner Hanger System Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.                  By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.                  By Well Type

10.3.1.2.2.                  By Hanger Type

10.3.1.2.3.                  By Application

10.3.1.2.3.1.      By Offshore Application

10.3.2.                  India Liner Hanger System Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.                  By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.                  By Well Type

10.3.2.2.2.                  By Hanger Type

10.3.2.2.3.                  By Application

10.3.2.2.3.1.      By Offshore Application

10.3.3.                  Indonesia Liner Hanger System Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.                  By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.                  By Well Type

10.3.3.2.2.                  By Hanger Type

10.3.3.2.3.                  By Application

10.3.3.2.3.1.      By Offshore Application

10.3.4.                  Malaysia Liner Hanger System Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.                  By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.                  By Well Type

10.3.4.2.2.                  By Hanger Type

10.3.4.2.3.                  By Application

10.3.4.2.3.1.      By Offshore Application

10.3.5.                  Thailand Liner Hanger System Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.                  By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.                  By Well Type

10.3.5.2.2.                  By Hanger Type

10.3.5.2.3.                  By Application

10.3.5.2.3.1.      By Offshore Application

10.3.6.                  Australia Liner Hanger System Market Outlook

10.3.6.1.     Market Size & Forecast

10.3.6.1.1.                  By Value

10.3.6.2.     Market Share & Forecast

10.3.6.2.1.                  By Well Type

10.3.6.2.2.                  By Hanger Type

10.3.6.2.3.                  By Application

10.3.6.2.3.1.      By Offshore Application

11. South America Liner Hanger System Market Outlook

11.1   Market Size & Forecast

11.1.1.                  By Value

11.2.          Market Share & Forecast

11.2.1.                  By Well Type

11.2.2.                  By Hanger Type

11.2.3.                  By Application

11.2.3.1.     By Offshore Application

11.2.4.                  By Industry Model

11.2.5.                  By Country

11.3.          South America Liner Hanger System Country Analysis

11.3.1.                  Brazil Liner Hanger System Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.                  By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.                  By Well Type

11.3.1.2.2.                  By Hanger Type

11.3.1.2.3.                  By Application

11.3.1.2.3.1.      By Offshore Application

11.3.2.                  Colombia Liner Hanger System Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.                  By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.                  By Well Type

11.3.2.2.2.                  By Hanger Type

11.3.2.2.3.                  By Application

11.3.3.                  Argentina Liner Hanger System Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.                  By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.                  By Well Type

11.3.3.2.2.                  By Hanger Type

11.3.3.2.3.                  By Application

12. Market Dynamics

12.1.          Drivers

12.2.          Challenges

13. Market Trends and Developments

14. Additional Customization

14.1.        Problem/Solution Analysis (Conditions increase the probability of needing to run a liner hanger system)

14.2.        Decision Making Criteria in Value and Purchasing Trends

14.3.        Brief Overview on Large Bore Liner Hangers

15. Company Profiles

15.1.        NOV INC

15.1.1.                   Business Overview

15.1.2.                   Key Revenue and Financials

15.1.3.                   Recent Developments

15.1.4.                   Key Personnel

15.1.5.                   Key Product/Services

15.1.6.                   SWOT Analysis

15.2.        Halliburton Co

15.2.1.                   Business Overview

15.2.2.                   Key Revenue and Financials

15.2.3.                   Recent Developments

15.2.4.                   Key Personnel

15.2.5.                   Key Product/Services

15.2.6.                   SWOT Analysis

15.3.        Weatherford International plc,

15.3.1.                   Business Overview

15.3.2.                   Key Revenue and Financials

15.3.3.                   Recent Developments

15.3.4.                   Key Personnel

15.3.5.                   Key Product/Services

15.3.6.                   SWOT Analysis

15.4.        Schlumberger Limited

15.4.1.                   Business Overview

15.4.2.                   Key Revenue and Financials

15.4.3.                   Recent Developments

15.4.4.                   Key Personnel

15.4.5.                   Key Product/Services

15.4.6.                   SWOT Analysis

15.5.        Baker Hughes Company

15.5.1.                   Business Overview

15.5.2.                   Key Revenue and Financials

15.5.3.                   Recent Developments

15.5.4.                   Key Personnel

15.5.5.                   Key Product/Services

15.5.6.                   SWOT Analysis

15.6.        Dril-Quip, Inc

15.6.1.                   Business Overview

15.6.2.                   Key Revenue and Financials

15.6.3.                   Recent Developments

15.6.4.                   Key Personnel

15.6.5.                   Key Product/Services

15.6.6.                   SWOT Analysis

15.7.        TechnipFMC plc

15.7.1.                   Business Overview

15.7.2.                   Key Revenue and Financials

15.7.3.                   Recent Developments

15.7.4.                   Key Personnel

15.7.5.                   Key Product/Services

15.7.6.                   SWOT Analysis

15.8.        Innovex Inc

15.8.1.                   Business Overview

15.8.2.                   Key Revenue and Financials

15.8.3.                   Recent Developments

15.8.4.                   Key Personnel

15.8.5.                   Key Product/Services

15.8.6.                   SWOT Analysis

15.9.        Equinor ASA

15.9.1.                   Business Overview

15.9.2.                   Key Revenue and Financials

15.9.3.                   Recent Developments

15.9.4.                   Key Personnel

15.9.5.                   Key Product/Services

15.9.6.                   SWOT Analysis

15.10.     Allamon Tool Company, Inc

15.10.1.                 Business Overview

15.10.2.                 Key Revenue and Financials

15.10.3.                 Recent Developments

15.10.4.                 Key Personnel

15.10.5.                 Key Product/Services

15.10.6.                 SWOT Analysis

16. Strategic Recommendations

17. About Us & Disclamer 

Figures and Tables

Figure 1:              Global Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 2:              Global Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 3:              Global Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 4:              Global Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 5:              Global Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 6:              Global Liner Hanger System Market Share, By Industry Model, By Value, 2018-2028F

Figure 7:              Global Liner Hanger System Market Share, By Region, By Value, 2018-2028F

Figure 8:              Global Liner Hanger System Market Share, By Company, By Value, 2022

Figure 9:              Global Liner Hanger System Market Map, By Well Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 10:            Global Liner Hanger System Market Map, By Hanger Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 11:            Global Liner Hanger System Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2022

Figure 12:            Global Liner Hanger System Market Map, By Offshore Application, Market Size (USD Million) & Growth Rate (%), 2022

Figure 13:            Global Liner Hanger System Market Map, By Industry Model, Market Size (USD Million) & Growth Rate (%), 2022

Figure 14:            Global Liner Hanger System Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

Figure 15:            Middle East & Africa Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 16:            Middle East & Africa Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 17:            Middle East & Africa Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 18:            Middle East & Africa Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 19:            Middle East & Africa Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 20:            Middle East & Africa Liner Hanger System Market Share, By Industry Model, By Value, 2018-2028F

Figure 21:            Middle East & Africa Liner Hanger System Market Share, By Country, By Value, 2018-2028F

Figure 22:               Saudi Arabia Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 23:               Saudi Arabia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 24:               Saudi Arabia Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 25:               Saudi Arabia Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 26:               Saudi Arabia Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 27:               Saudi Arabia Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 28:               UAE Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 29:               UAE Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 30:               UAE Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 31:               UAE Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 32:               UAE Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 33:               UAE Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 34:               South Africa Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 35:               South Africa Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 36:               South Africa Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 37:               South Africa Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 38:               South Africa Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 39:               North America Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 40:               North America Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 41:               North America Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 42:               North America Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 43:               North America Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 44:               North America Liner Hanger System Market Share, By Industry Model, By Value, 2018-2028F

Figure 45:               North America Liner Hanger System Market Share, By Country, By Value, 2018-2028F

Figure 46:               United States Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 47:               United States Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 48:               United States Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 49:               United States Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 50:               United States Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 51:               United States Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 52:               Canada Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 53:               Canada Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 54:               Canada Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 55:               Canada Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 56:               Canada Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 57:               Canada Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 58:               Mexico Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 59:               Mexico Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 60:               Mexico Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 61:               Mexico Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 62:               Mexico Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 63:               Mexico Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 64:               Europe Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 65:               Europe Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 66:               Europe Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 67:               Europe Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 68:               Europe Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 69:               Europe Liner Hanger System Market Share, By Industry Model, By Value, 2018-2028F

Figure 70:               Europe Liner Hanger System Market Share, By Country, By Value, 2018-2028F

Figure 71:               Russia Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 72:               Russia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 73:               Russia Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 74:               Russia Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 75:               Russia Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 76:               Russia Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 77:               Norway Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 78:               Norway Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 79:               Norway Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 80:               Norway Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 81:               Norway Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 82:               Norway Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 83:               United Kingdom Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 84:               United Kingdom Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 85:               United Kingdom Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 86:               United Kingdom Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 87:               United Kingdom Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 88:               United Kingdom Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 89:               Italy Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 90:               Italy Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 91:               Italy Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 92:               Italy Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 93:               Italy Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 94:               Italy Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 95:               Denmark Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 96:               Denmark Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 97:               Denmark Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 98:               Denmark Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 99:               Denmark Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 100:             Denmark Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 101:             Asia-Pacific Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 102:             Asia-Pacific Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 103:             Asia-Pacific Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 104:             Asia-Pacific Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 105:             Asia-Pacific Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 106:             Asia-Pacific Liner Hanger System Market Share, By Industry Model, By Value, 2018-2028F

Figure 107:             Asia-Pacific Liner Hanger System Market Share, By Country, By Value, 2018-2028F

Figure 108:             China Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 109:             China Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 110:             China Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 111:             China Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 112:             China Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 113:             China Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 114:             India Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 115:             India Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 116:             India Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 117:             India Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 118:             India Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 119:             India Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 120:             Indonesia Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 121:             Indonesia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 122:             Indonesia Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 123:             Indonesia Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 124:             Indonesia Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 125:             Indonesia Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 126:             Malaysia Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 127:             Malaysia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 128:             Malaysia Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 129:             Malaysia Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 130:             Malaysia Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 131:             Malaysia Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 132:             Thailand Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 133:             Thailand Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 134:             Thailand Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 135:             Thailand Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 136:             Thailand Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 137:             Thailand Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 138:             Australia Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 139:             Australia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 140:             Australia Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 141:             Australia Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 142:             Australia Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 143:             Australia Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 144:             South America Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 145:             South America Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 146:             South America Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 147:             South America Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 148:             South America Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 149:             South America Liner Hanger System Market Share, By Industry Model, By Value, 2018-2028F

Figure 150:             South America Liner Hanger System Market Share, By Country, By Value, 2018-2028F

Figure 151:             Brazil Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 152:             Brazil Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 153:             Brazil Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 154:             Brazil Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 155:             Brazil Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 156:             Brazil Liner Hanger System Market Share, By Offshore Application, By Value, 2018-2028F

Figure 157:             Colombia Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 158:             Colombia Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 159:             Colombia Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 160:             Colombia Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 161:             Colombia Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Figure 162:             Argentina Liner Hanger System Market Size, By Value (USD Million), 2018-2028F

Figure 163:             Argentina Oil Production, By Value (Thousands of Barrels Per Day), 2017-2021

Figure 164:             Argentina Liner Hanger System Market Share, By Well Type, By Value, 2018-2028F

Figure 165:             Argentina Liner Hanger System Market Share, By Hanger Type, By Value, 2018-2028F

Figure 166:             Argentina Liner Hanger System Market Share, By Application, By Value, 2018-2028F

Frequently asked questions

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As its name implies, a liner hanger holds and supports the liner. It grips the interior of the casing at a certain height above the casing shoe via mechanical slides. The liner lap is the area that is between the liner hanger and the casing shoe.

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. A liner is a casing string that hangs from another casing string and does not go all the way back to the wellhead. Liners are used in place of entire casing strings to: Cost-saving measures When digging deeper, optimise hydraulic performance.

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Liners enable it to be casing open-hole portions beneath previously placed casing efficiently and allow for the drilling of deep wells with smaller, more effective rigs. While rotating during cementing operations and reciprocating during well conditioning, liner systems also provide zonal isolation.

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The top players operating in the Global Liner Hanger System Market are NOV INC, Halliburton Co., Weatherford International plc, Schlumberger Limited, Baker Hughes Company, Dril-Quip, Inc, TechnipFMC plc, Innovex Inc, Equinor ASA, Allamon Tool Company, Inc

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Parvati Sharma

Account Manager BD
Press Release

Liner Hanger System Market to Rise at 6.01% CAGR Through 2028

Sep, 2023

Increasing demand for oil & gas, rising adoption of hydraulic fracturing, and heavy investments in offshore drilling are the major factors driving the market growth in the forecast period of 2024 – 2