Liner Hanger Market

Liner Hanger Market:Global Industry Analysis 2015 - 2019 and Opportunity Assessment; 2020 - 2030

Market Overview

Liner Hanger: Market Overview

Liner hanger is a tool used to support, secure and hang a liner in oil and gas wells. Liner hangers uses a mechanical unit called slips to establish a firm hold from the inside of the liner to support its installation.

Liner hangers helps in casing of open-hole below an already existing casing string. Some liner hangers are also used during drilling operations in problematic and complex well types to avoid problems related to stuck pipe.

Liner hangers come in different operation types, such as mechanical, hydraulic and expandable. The type of liner hanger system to be used is selected depending on the well type, application (onshore or offshore), and depth and pressure requirements.

Liner hangers significantly reduces total well construction costs and minimizes risks associated with various well completion activities, thereby improving the performance of the oil & gas well across its lifecycle.

Liner hangers have become a necessity in most of the oil & gas completion wells. With the rising investments in offshore exploration & production activities, the liner hanger market is anticipated to witness healthy demand during the coming years.

Liner Hanger: Market Dynamics

Recovering crude oil prices have paved way to a number of investments in oil & gas exploration & production activities since 2016. With the industry moving away from the crude oil slump, the production activities are in full swing, boosting investments across the regions. This is anticipated to remain a prime factor in shaping the liner hanger market.

Growing adoption of hydraulic fracturing is anticipated to significantly drive the demand for liner hangers in the coming years.

Horizontal drilling and directional drilling has been on rise in recent years owing to growing instances of production of complex reservoir formations, unconventional wells, and discovery of reserves in remote locations.

These are anticipated to further drive the demand for liner hanger market in oil & gas industry.Mechanical liner hangers are preferred in shallow depths due to their relatively lower cost and are less challenging to operate.

Expandable liner hangers are designed to be deployed in deep-water wells where heavy and long liners are installed, and hence the demand is anticipated to remain concentrated in Brazil, Nigeria, Canada, U.S. and Angola.

Onshore drilling and production activities account for over 70% of the global oil & gas production and hence the demand for liner hangers is expected to remain prominent in the onshore segment. But, with growing investments in offshore exploration, the segment is anticipated to create elevated demand in the coming years.

Liner Hanger Market: Regional Outlook

Booming U.S. hydraulic fracturing in the shale plays is anticipated to create a healthy demand for liner hangers. Middle East & Africa is anticipated to corner significant share of the global demand for liner hangers, along with North America.

Recent advancements in CBM horizontal drilling in China and India are anticipated to position Asia Pacific as one of the fastest growing regions in the liner hanger market.

Latin America is also anticipated to witness surge in demand for liner hangers, driven by growing offshore production activities in the Mexico and Brazil. Europe region is expected to register minor demand, and demand surges due to the active North Sea developments and onshore production activities in Russia.

Liner Hanger Market: Market Participants

Some of the key market participants identified in the liner hanger market across the globe are:

  • Halliburton
  • Schlumberger
  • Weatherford
  • Baker Hughes Company
  • Drill Quip Inc.
  • National Oilwell Varco
  • Packers Plus Energy Services Inc.
  • NCS Multistage, LLC
  • DEW GmbH
  • Innovex Downhole Solutions
  • Sonovex Technology
  • Allomon Tool Company Inc.

Brief Approach to Research

The research report presents a comprehensive assessment of the Liner hanger market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to liner hanger market segments such as geographies, well type, application and type.  

The report covers exhaustive analysis on:

  • Liner hanger Market Segments
  • Liner hanger Market Dynamics
  • Liner hanger Market Size
  • Liner hanger Supply & Demand
  • Liner hanger Current Trends/Issues/Challenges
  • Liner hanger Competition & Companies involved
  • Liner hanger Technology
  • Liner hanger Value Chain

Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Liner hanger market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Liner hanger market segments and geographies.

Report Highlights:

  • Detailed overview of Liner hanger’ parent market
  • Changing Liner hanger market dynamics in the industry
  • In-depth Liner hanger market segmentation
  • Historical, current and projected Liner hanger market size in terms of volume and value
  • Liner hanger recent industry trends and developments
  • Liner hanger competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth in Liner hanger market
  • A neutral perspective on Liner hanger market performance
  • Must-have information for Liner hanger market players to sustain and enhance their market footprint

Liner Hanger: Market Segmentation

well type :

  • Vertical
  • Horizontal/Directional

application :

  • Onshore
  • Offshore

type :

  • Mechanical liner hangers
  • Hydraulic liner hangers
  • Expandable liner hangers

Need specific information?

In the news

How Businesses Can Utilize Market Research to Create Reactive, Recession-proof Strategies for Survival

by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights

Our Clients

View Our Reports from Oil and Gas

View Reports

Recommendations

Liner Hanger Market