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Liner Hanger Systems Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR43939
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The liner hanger systems market share is projected to surge by USD 643.35 million by 2026, at an accelerating CAGR of 3.72%. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

The liner hanger systems market report extensively covers market segmentation by the following:

  • Application - Onshore and offshore
  • Geography - North America, APAC, Middle East and Africa, Europe, and South America 

The liner hanger systems market report also provides detailed information on market vendors, including Allamon Tool Co Inc., Baker Hughes Co., BOTIL Oil Tools India Pvt. Ltd., DEW Wartungs und Reparatur GmbH, Dril Quip Inc., Halliburton Co., Innovex, Maximus Completion Systems, NCS Multistage Holdings Inc., NOV Inc., Packers Plus Energy Services Inc., Peak Completion Technologies Inc., Saga-PCE Pte. Ltd., SAZ Oilfield Services Pte. Ltd., Schlumberger Ltd., TANGENTOG EQUIPMENT AND SUPPLY PVT. Ltd., Tianjin Elegant Technology Co. Ltd., Weatherford International Plc, Well Innovation AS, and Wellcare Oil Tools Pvt. Ltd. among others.

What will the Liner Hanger Systems Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Liner Hanger Systems Market Size for the Forecast Period and Other Important Statistics

 

Liner Hanger Systems Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The global growth in liquid fuel consumption is notably driving the liner hanger systems market growth, although factors such as cessation of world bank funding for E&P activities may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the liner hanger systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Liner Hanger Systems Market Driver

  • One of the key factors driving the global liner hanger systems market growth is the global growth in liquid fuel consumption.
  • According to the IEA, global demand for energy is predicted to increase by 30% from 2017 to 2040.
  • Rapid urbanization and industrialization have led to an increase in fuel consumption in many countries.
  • The use of liquid fuels in the transportation sector is also rising due to the rise in disposable incomes, which encourages more people in developing economies to purchase vehicles.
  • The growth in transportation services is also leading to higher consumption of fuel in developing economies, in turn increasing the need for more oil production.
  • Thus, in oil and gas production (where, well completion is a crucial aspect) increasing oil and gas production will have a direct impact on the market growth during the forecast period.

Key Liner Hanger Systems Market Trend

  • Increase in deepwater and ultra-deepwater exploration is one of the key liner hanger systems market trends that is expected to impact the industry positively in the forecast period.
  • According to the IEA, Brazil is a primary location for offshore oil and gas investments in its New Policies Scenario, where the annual capital expenditure is expected to reach USD 60 billion by 2040.
  • The increase in deepwater and ultra-deepwater activities will encourage market vendors to introduce liner hanger systems that are specifically meant for such activities.
    • For example, Halliburton's deepwater liner hanger system, XtremeGrip, set a record for the longest installed expandable liner hanger system in the world. The system was installed at a depth of 30,924 feet in the Gulf of Mexico.
    • The thermal liner hanger system provided by Schlumberger was observed to have a 99.5% operational efficiency in its operations in the Gulf of Mexico.
  • The development of liner hanger systems for such explorations will support the market growth during the forecast period.

Key Liner Hanger Systems Market Challenge

  • One of the key challenges to the global liner hanger systems market growth is the cessation of world bank funding for E&P activities.
  • In December 2017, the World Bank Group announced that it would not make new investments in upstream oil and gas after 2019, except under special conditions.
  • The global institution intends to promote the adoption of clean energy fuels over conventional fuels for energy production by providing incentives and subsidies for the adoption of low-carbon fuels.
  • The World Bank is also partnering with other international institutions and countries, to promote the cause, which includes:
    • The International Development Finance
    • The International Trade Union Confederation
    • Countries such as Canada, France, Morocco, Fiji, Ethiopia, the UK, and Germany
  • This Insu-Resilience Global Partnership aims at significantly scaling up climate risk finance and insurance solutions in developing countries.
  • Thus, the reduction in World Bank funding for oil and gas projects will affect E&P activities may limit the market growth in the coming years.

This liner hanger systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global liner hanger systems market as a part of the global oil field equipment and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the liner hanger systems market during the forecast period.

Who are the Major Liner Hanger Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allamon Tool Co Inc.
  • Baker Hughes Co.
  • BOTIL Oil Tools India Pvt. Ltd.
  • DEW Wartungs und Reparatur GmbH
  • Dril Quip Inc.
  • Halliburton Co.
  • Innovex
  • Maximus Completion Systems
  • NCS Multistage Holdings Inc.
  • NOV Inc.
  • Packers Plus Energy Services Inc.
  • Peak Completion Technologies Inc.
  • Saga-PCE Pte. Ltd.
  • SAZ Oilfield Services Pte. Ltd.
  • Schlumberger Ltd.
  • TANGENTOG EQUIPMENT AND SUPPLY PVT. Ltd.
  • Tianjin Elegant Technology Co. Ltd.
  • Weatherford International Plc
  • Well Innovation AS
  • Wellcare Oil Tools Pvt. Ltd.

 

This statistical study of the liner hanger systems market encompasses successful business strategies deployed by the key vendors. The liner hanger systems market is fragmented and the vendors are deploying growth strategies such as acquisitions and business expansion to compete in the market.

Product Insights and News

  • Allamon Tool Co Inc. - The company offers Liner hanger systems that provide liner and casing running equipment and services for drilling and completion operations onshore and offshore. 
  • Allamon Tool Co Inc. - Under the unified segment, the company offers hydraulic line hangers, mechanical line hangers, running tools, and related equipment. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The liner hanger systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Liner Hanger Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the liner hanger systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Liner Hanger Systems Market?

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39% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for liner hanger systems in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

The high adoption rates of liner hanger systems in the US, Canada, and Argentina, among other countries, owing to the presence of abundant unconventional oil and gas reserves, will facilitate the liner hanger systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the deadly virus led the oil and gas industry to temporarily halt manufacturing activities and investments in the industrial sector, in 2020. Furthermore, the COVID-19 pandemic led to the reduction in oil and gas prices, which intensified the pressure on oil and gas companies to boost productivity and minimize production costs. For instance, according to the US Energy Information Administration (EIA), in May 2020, crude oil production had fallen to 11.7 million barrels per day (b/d), and it fell further to 10.9 b/d in 2021. However, since the beginning of 2021, due to various government initiatives such as mass vaccination drives and social distancing, the number of COVID-19 cases has declined significantly. This has further led to a gradual increase in the regional economic activities and consequently in the demand and prices of oil and gas. As a result, the demand for oil and gas has surged since the beginning of 2021, which is further expected to drive market growth during the forecast period.

What are the Revenue-generating Application Segments in the Liner Hanger Systems Market?

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The liner hanger systems market share growth by the onshore segment will be significant during the forecast period. An increase in shale oil and gas E&P activities will support the growth of the onshore oil and gas equipment market and, in turn, the global liner hanger systems market in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the liner hanger systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Liner Hanger Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.72%

Market growth 2022-2026

$ 643.35 million

Market structure

Fragmented

YoY growth (%)

3.15

Regional analysis

North America, APAC, Middle East and Africa, Europe, and South America

Performing market contribution

North America at 39%

Key consumer countries

US, Canada, Saudi Arabia, China, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Allamon Tool Co Inc., Baker Hughes Co., BOTIL Oil Tools India Pvt. Ltd., DEW Wartungs und Reparatur GmbH, Dril Quip Inc., Halliburton Co., Innovex, Maximus Completion Systems, NCS Multistage Holdings Inc., NOV Inc., Packers Plus Energy Services Inc., Peak Completion Technologies Inc., Saga-PCE Pte. Ltd., SAZ Oilfield Services Pte. Ltd., Schlumberger Ltd., TANGENTOG EQUIPMENT AND SUPPLY PVT. Ltd., Tianjin Elegant Technology Co. Ltd., Weatherford International Plc, Well Innovation AS, and Wellcare Oil Tools Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Liner Hanger Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive liner hanger systems market growth during the next five years
  • Precise estimation of the liner hanger systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the liner hanger systems industry across North America, APAC, Middle East and Africa, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of liner hanger systems market vendors

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1. Executive Summary                         

               1.1 Market overview 

                              Exhibit 01:  Executive Summary – Chart on Market Overview

                              Exhibit 02:  Executive Summary – Data Table on Market Overview

                              Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                              Exhibit 04:  Executive Summary – Chart on Market by Geography

                              Exhibit 05:  Executive Summary – Chart on Market Segmentation by End-user

                              Exhibit 06:  Executive Summary – Chart on Incremental Growth

                              Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                              Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 09:  Parent market

                              Exhibit 10:  Market Characteristics

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 11:  Offerings of vendors included in the market definition

               3.2     Market segment analysis             

                              Exhibit 12: Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021-2026   

                              Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ million)

                              Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ million)

                              Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                              Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 17:  Five forces analysis - Comparison between2021 and 2026

               4.2 Bargaining power of buyers            

                              Exhibit 18:  Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

               4.3 Bargaining power of suppliers        

                              Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

               4.4 Threat of new entrants     

                              Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

               4.5 Threat of substitutes          

                              Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

               4.6 Threat of rivalry   

                              Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

               4.7 Market condition 

                              Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application                        

               5.1 Market segments

                              Exhibit 24:  Chart on Application - Market share 2021-2026 (%)

                              Exhibit 25:  Data Table on Application - Market share 2021-2026 (%)

               5.2 Comparison by Application             

                              Exhibit 26:  Chart on Comparison by Application

                              Exhibit 27:  Data Table on Comparison by Application

               5.3 Onshore - Market size and forecast 2021-2026       

                              Exhibit 28:  Chart on Onshore - Market size and forecast 2021-2026 ($ million)

                              Exhibit 29:  Data Table on Onshore - Market size and forecast 2021-2026 ($ million)

                              Exhibit 30:  Chart on Onshore - Year-over-year growth 2021-2026 (%)

                              Exhibit 31:  Data Table on Onshore - Year-over-year growth 2021-2026 (%)

               5.4 Offshore - Market size and forecast 2021-2026      

                              Exhibit 32:  Chart on Offshore - Market size and forecast 2021-2026 ($ million)

                              Exhibit 33:  Data Table on Offshore - Market size and forecast 2021-2026 ($ million)

                              Exhibit 34:  Chart on Offshore - Year-over-year growth 2021-2026 (%)

                              Exhibit 35:  Data Table on Offshore - Year-over-year growth 2021-2026 (%)

               5.5 Market opportunity by Application              

                              Exhibit 36:  Market opportunity by Application ($ million)

6. Customer landscape                        

                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

               6.1 Customer landscape overview       

                              Exhibit 37:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

5 Market Segmentation by Geography                        

                              Exhibit 38:  Chart on Market share by geography 2021-2026 (%)

                              Exhibit 39:  Data Table on Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 40:  Chart on Geographic comparison

                              Exhibit 41:  Data Table on Geographic comparison

               7.3 North America - Market size and forecast 2021-2026          

                              Exhibit 42:  Chart on North America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 43:  Data Table on North America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 44:  Chart on North America - Year-over-year growth 2021-2026 (%)

                              Exhibit 45:  Data Table on North America - Year-over-year growth 2021-2026 (%)

               7.4 APAC - Market size and forecast 2021-2026             

                              Exhibit 46:  Chart on APAC - Market size and forecast 2021-2026 ($ million)

                              Exhibit 47:  Data Table on APAC - Market size and forecast 2021-2026 ($ million)

                              Exhibit 48:  Chart on APAC - Year-over-year growth 2021-2026 (%)

                              Exhibit 49:  Data Table on APAC - Year-over-year growth 2021-2026 (%)

               7.5 Middle East and Africa - Market size and forecast 2021-2026           

                              Exhibit 50:  Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                              Exhibit 51:  Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                              Exhibit 52:  Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                              Exhibit 53:  Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

               7.6 Europe - Market size and forecast 2021-2026         

                              Exhibit 54:  Chart on Europe - Market size and forecast 2021-2026 ($ million)

                              Exhibit 55:  Data Table on Europe - Market size and forecast 2021-2026 ($ million)

                              Exhibit 56:  Chart on Europe - Year-over-year growth 2021-2026 (%)

                              Exhibit 57:  Data Table on Europe - Year-over-year growth 2021-2026 (%)

               7.7 South America - Market size and forecast 2021-2026          

                              Exhibit 58:  Chart on South America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 59:  Data Table on South America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 60:  Chart on South America - Year-over-year growth 2021-2026 (%)

                              Exhibit 61:  Data Table on South America - Year-over-year growth 2021-2026 (%)

               7.8 US - Market size and forecast 2021-2026   

                              Exhibit 62:  Chart on US - Market size and forecast 2021-2026 ($ million)

                              Exhibit 63:  Data Table on US - Market size and forecast 2021-2026 ($ million)

                              Exhibit 64:  Chart on US - Year-over-year growth 2021-2026 (%)

                              Exhibit 65:  Data Table on US - Year-over-year growth 2021-2026 (%)

               7.9 China - Market size and forecast 2021-2026            

                              Exhibit 66:  Chart on China - Market size and forecast 2021-2026 ($ million)

                              Exhibit 67:  Data Table on China - Market size and forecast 2021-2026 ($ million)

                              Exhibit 68:  Chart on China - Year-over-year growth 2021-2026 (%)

                              Exhibit 69:  Data Table on China - Year-over-year growth 2021-2026 (%)

               7.10 Canada - Market size and forecast 2021-2026       

                              Exhibit 70:  Chart on Canada - Market size and forecast 2021-2026 ($ million)

                              Exhibit 71:  Data Table on Canada - Market size and forecast 2021-2026 ($ million)

                              Exhibit 72:  Chart on Canada - Year-over-year growth 2021-2026 (%)

                              Exhibit 73:  Data Table on Canada - Year-over-year growth 2021-2026 (%)

               7.11 Saudi Arabia - Market size and forecast 2021-2026            

                              Exhibit 74:  Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)

                              Exhibit 75:  Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)

                              Exhibit 76:  Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)

                              Exhibit 77:  Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)

               7.12 Market opportunity by geography            

                              Exhibit 78:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1 Global growth in liquid fuel consumption

                              8.1.2 Increase in oil and gas E and P activities

                              8.1.3 Increasing upstream investment

               8.2 Market challenges              

                              8.2.1 Cessation of World Bank funding for E and P activities

                              8.2.2 Volatility in oil and gas prices

                              8.2.3 Increasing investments in renewable energy

               8.3 Impact of drivers and challenges   

                              Exhibit 79:  Impact of drivers and challenges in 2021 and 2026

               8.4 Market trends      

                              8.4.1 Increase in deepwater and ultra-deepwater exploration

                              8.4.2 Innovations in liner hanger technology

                              8.4.3 Rise in world refining capacity

9. Vendor Landscape                            

               9.1 Overview

               9.2 Vendor landscape

                              Exhibit 80:  Overview on Criticality of inputs and Factors of differentiation

               9.3 Landscape disruption         

                              Exhibit 81:  Overview on factors of disruption

               9.4 Industry risks        

                              Exhibit 82:  Impact of key risks on business

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 83:  Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 84:  Matrix on vendor position and classification

               10.3 Allamon Tool Co Inc.       

                              Exhibit 85:  Allamon Tool Co Inc. - Overview

                              Exhibit 86:  Allamon Tool Co Inc. - Product / Service

                              Exhibit 87:  Allamon Tool Co Inc. - Key offerings

               10.4 Baker Hughes Co.            

                              Exhibit 88:  Baker Hughes Co. - Overview

                              Exhibit 89:  Baker Hughes Co. - Business segments

                              Exhibit 90:  Baker Hughes Co. - Key news

                              Exhibit 91:  Baker Hughes Co. - Key offerings

                              Exhibit 92:  Baker Hughes Co. - Segment focus

               10.5 DEW Wartungs und Reparatur GmbH       

                              Exhibit 93:  DEW Wartungs und Reparatur GmbH - Overview

                              Exhibit 94:  DEW Wartungs und Reparatur GmbH - Product / Service

                              Exhibit 95:  DEW Wartungs und Reparatur GmbH - Key offerings

               10.6 Dril Quip Inc.      

                              Exhibit 96:  Dril Quip Inc. - Overview

                              Exhibit 97:  Dril Quip Inc. - Business segments

                              Exhibit 98:  Dril Quip Inc. - Key offerings

                              Exhibit 99:  Dril Quip Inc. - Segment focus

               10.7 Halliburton Co.  

                              Exhibit 100:  Halliburton Co. - Overview

                              Exhibit 101:  Halliburton Co. - Product / Service

                              Exhibit 102:  Halliburton Co. - Key news

                              Exhibit 103:  Halliburton Co. - Key offerings

               10.8 Innovex 

                              Exhibit 104:  Innovex - Overview

                              Exhibit 105:  Innovex - Product / Service

                              Exhibit 106:  Innovex - Key offerings

               10.9 NOV Inc.

                              Exhibit 107:  NOV Inc. - Overview

                              Exhibit 108:  NOV Inc. - Business segments

                              Exhibit 109:  NOV Inc. - Key news

                              Exhibit 110:  NOV Inc. - Key offerings

                              Exhibit 111:  NOV Inc. - Segment focus

               10.10 Packers Plus Energy Services Inc.            

                              Exhibit 112:  Packers Plus Energy Services Inc. - Overview

                              Exhibit 113:  Packers Plus Energy Services Inc. - Product / Service

                              Exhibit 114:  Packers Plus Energy Services Inc. - Key offerings

               10.11 Schlumberger Ltd.         

                              Exhibit 115:  Schlumberger Ltd. - Overview

                              Exhibit 116:  Schlumberger Ltd. - Business segments

                              Exhibit 117:  Schlumberger Ltd. - Key offerings

                    &n

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The liner hanger systems market growth will increase by $643.35 million during 2022-2026.
The liner hanger systems market is expected to grow at a CAGR of 3.72% during 2022-2026.
Technavio has segmented the liner hanger systems market by application (Onshore and Offshore) and geographic (North America, APAC, Middle East and Africa, Europe, and South America).
Allamon Tool Co Inc., Baker Hughes Co., BOTIL Oil Tools India Pvt. Ltd., DEW Wartungs und Reparatur GmbH, Dril Quip Inc., Halliburton Co., Innovex, Maximus Completion Systems, NCS Multistage Holdings Inc., NOV Inc., Packers Plus Energy Services Inc., Peak Completion Technologies Inc., Saga-PCE Pte. Ltd., SAZ Oilfield Services Pte. Ltd., Schlumberger Ltd., TANGENTOG EQUIPMENT AND SUPPLY PVT. Ltd., Tianjin Elegant Technology Co. Ltd., Weatherford International Plc, Well Innovation AS, Wellcare Oil Tools Pvt. Ltd. are a few of the key vendors in the liner hanger systems market.
North America will register the highest growth rate of 38.6% among the other regions. Therefore, the liner hanger systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Canada
  • Saudi Arabia
  • China
  • Russia
The key factors driving the liner hanger systems market growth are:
  • Global growth in liquid fuel consumption
  • Increase in deepwater and ultra-deepwater exploration
The liner hanger systems market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
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