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    Expandable Liner Hanger System Market Report

    Expandable Liner Hanger System Market Report
    Report code - SR2188 Delivery - 2 Weeks
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    Expandable Liner Hanger System Market Size, Share, Trend, Forecast, Competitive Analysis, See more...

    Market Insights

    Expandable liner hanger system, which is used to hang a liner in a production well, was developed as an alternative to conventional "cone and slip" liner hangers and liner top isolation packer systems. It combines the functions of the liner hanger and the isolation packer into a single unit. It employs elastomeric bands to provide the axial load capacity of a conventional liner hanger as well as the annular sealing capability of the liner top isolation packer.

    The outbreak of the pandemic left a negative impact on the market. Strict measures to contain the spread of virus resulted into temporary halt in industrial activities and decreasing price of oil slashed the growth of the oil and gas industry.

    Increasing conventional and deep-water exploration and production activities, rising demand for higher productivity and efficiency, and the ability to cover a large area with a single rig using long lateral drilling methods are among the major factors driving the market growth. Furthermore, increasing number of rigs, surge in total drilled footage per well, and advancement in technology would support the growth of the market in the coming years. As a result of these factors, the expandable liner hanger system market is expected to grow at a promising CAGR of 10.5% during the forecast period.

    Segment Analysis

    Based on the location of deployment type, the market is bifurcated into onshore and offshore. Offshore is likely to register higher growth in the coming years owing to improving oil and gas prices, and resumption of various offshore projects. Furthermore, increased complexity in offshore oil and gas reserve formations would encourage stakeholders to innovate and develop expandable liner hanger systems for offshore locations. The increasing ability to recover oil and gas from deep-water and ultra-deep-water areas is expected to drive the market growth.

    In terms of regions, The Middle East and Africa are expected to remain the largest markets for expandable liner hanger systems over the forecast period on account of the development of large new fields in deep-water. Asia-Pacific is likely to be the fastest-growing region during the forecast period, with China to remain the leading country in the market. Implementation of various policies to increase oil and gas’ share and reduction in coal’s share within the total energy mix of China and favorable reforms to support international participation in the oil and gas sector by the Chinese government would yield a robust growth of the market in the region. In India, development of new field in deep-water would drive the growth of the market in the coming years.

    Key Players

    The following are some of the key players in the expandable liner hanger system market:

    • Halliburton Company
    • Schlumberger Limited
    • Dril-Quip, Inc.
    • Weatherboard International PLC
    • Baker Hughes Company
    • Enventure Global Technology
    • National Oilwell Varco
    • NCS Multistage, LLC
    • Well Innovation AS
    • Innovex Downhole Solutions

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s expandable liner hanger system market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The expandable liner hanger system market is segmented into the following categories:

    Expandable Liner Hanger System Market, by Location of Deployment Type

    • Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Expandable Liner Hanger System Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific) 
    • Rest of the World (Country Analysis: The Middle East, Africa, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The expandable liner hanger system market is estimated to grow at a CAGR of 10.5% over the next five years. Increasing conventional and deep-water exploration and production activities, rising demand for higher productivity and efficiency, and the ability to cover a large area with a single rig using long lateral drilling methods are among the major factors driving the growth of the market.

    Halliburton Company, Schlumberger Limited, Dril-Quip, Inc., Weatherboard International PLC, Baker Hughes Company, Enventure Global Technology, National Oilwell Varco, NCS Multistage, LLC, Well Innovation AS, and Innovex Downhole Solutions are some of the key players in the market.

    The Middle Eastern and African regions are estimated to be dominant in the expandable liner hanger system market in the coming years. Development of large new fields in deep-water would drive the overall regions market dynamics.

    Asia-Pacific, led by China, is estimated to grow at the fastest rate in the coming five years owing to the implementation of favouring policies to increase oil and gas share and reduction in coals share within the total energy mix of China and favorable reforms to support international participation in the oil and gas sector by the Chinese government.

    Offshore deployment location is likely to maintain its dominance in the market in the next five years owing to improving oil and gas prices, and resumption of various offshore projects.