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Global Liner Hanger Market Share, Trends, Forecast: By Type: Conventional Liner Hangers, Expandable Liner Hangers; By Well Type: Horizontal/ Directional, Vertical; By Location: Onshore, Offshore; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Liner Hanger Market Outlook
The global liner hanger market size reached approximately USD 93.00 billion in 2023. The market is further projected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of USD 136.35 billion by 2032.
Key Trends in the Market
Liner Hager refers to a system/tool that is used for hanging a liner in a production well. It allows the liner to suspend in the casing string for providing completion solution options and reducing material costs. The seal at the top of the liner hanger prevents the transfer of pressure or fluids in either direction.
- The rising investments in offshore exploration and production activities owing to the increasing demand for natural gas and oil is bolstering the liner hanger market growth. This increase in exploration and production activities can be attributed to the growing requirement for bridging the gap between energy demand and supply.
- Growing efforts and investments by various key players of the market towards the development of speciality and eco-friendly liner hangers is supporting the market expansion in various regions across the globe. For reducing costs and improving efficiency, companies are also investing towards the development of novel technologies including 3D printing and automation to enhance their operational efficiency.
- Increasing initiatives by various governments to boost international participation in the oil and gas sector in their region is offering lucrative growth opportunities to the market as such initiatives are expected to propel the requirement for liner hangers.
Global Liner Hanger Market Analysis
On the basis of type, the market is bifurcated into conventional line hangers and expandable liner hangers, with conventional liner hangers sub-divided by type into mechanical liner hangers and hydraulic liner hangers.
Based on well type, the market is segregated into horizontal/ directional and vertical. On the basis of location, the market is classified into onshore and offshore. Based on region, the liner hanger market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Baker Hughes Company
- Halliburton Company
- Schlumberger NV
- Nov Inc.
- Weatherford International plc
- Packers Plus Energy Services Inc.
- Innovex Downhole Solutions Inc.
- Dongying JC Petro
- Dril-Quip, Inc.
- NCS Multistage, LLC
- Others
Market Share by Location
Onshore is expected to account for a significant liner hanger market share over the forecast period owing to increasing gas and shale oil exploration and production activities. Apart from supporting the structural well construction, liner hangers aid in isolating the flow inside the liner as opposed to annular spaces. Liner hangers also find applications in complex and problematic drilling operations in order to avoid various problems associated with stuck pipe.
Market Share by Region
The Asia Pacific is anticipated to witness significant growth in the coming years. This growth can be attributed to the advancements in CBM horizontal drilling in countries such as India and China. The liner hanger market demand is also increasing due to rising offshore production activities in the region. The increasing investments towards drilling, development, production, and exploration activities for natural gas are further supporting the market expansion in the Asia Pacific.
Competitive Landscape
Baker Hughes Company, headquartered in Texas, United States, is an energy technology company that provides solutions for industrial and energy customers around the world. The company is dedicated towards innovating services and technology to make the planet efficient, safer, and cleaner for the future generations.
Halliburton Company is one of the largest oil fields service companies that helps its customers in maximising value across the lifecycle of the reservoir by managing geological data, locating hydrocarbons, drilling, and evaluating formation, among others.
Schlumberger NV, headquartered in Texas, United States, is an oilfield services company that was founded in 1926 in Paris, France. This technology company is dedicated towards unlocking the access to energy for the betterment of all.
Other liner hanger market players include Nov Inc., Weatherford International plc, Packers Plus Energy Services Inc., Innovex Downhole Solutions Inc., Dongying JC Petro, Dril-Quip, Inc., and NCS Multistage, LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Well Type |
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| Breakup by Location |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Liner Hanger Market Analysis
8.1 Key Industry Highlights
8.2 Global Liner Hanger Historical Market (2018-2023)
8.3 Global Liner Hanger Market Forecast (2024-2032)
8.4 Global Liner Hanger Market by Type
8.4.1 Conventional Liner Hangers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Mechanical Liner Hangers
8.4.1.3.2 Hydraulic Liner Hangers
8.4.2 Expandable Liner Hangers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Liner Hanger Market by Well Type
8.5.1 Horizontal/ Directional
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Vertical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Liner Hanger Market by Location
8.6.1 Onshore
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Offshore
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Liner Hanger Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Liner Hanger Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Liner Hanger Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Liner Hanger Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Liner Hanger Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Liner Hanger Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Baker Hughes Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Halliburton Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Schlumberger NV
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nov Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Weatherford International plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Packers Plus Energy Services Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Innovex Downhole Solutions Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Dongying JC Petro
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Dril-Quip, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 NCS Multistage, LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Liner Hanger Market: Key Industry Highlights, 2018 and 2032
2. Global Liner Hanger Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Liner Hanger Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Liner Hanger Historical Market: Breakup by Well Type (USD Billion), 2018-2023
5. Global Liner Hanger Market Forecast: Breakup by Well Type (USD Billion), 2024-2032
6. Global Liner Hanger Historical Market: Breakup by Location (USD Billion), 2018-2023
7. Global Liner Hanger Market Forecast: Breakup by Location (USD Billion), 2024-2032
8. Global Liner Hanger Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Liner Hanger Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Liner Hanger Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 93.00 billion in 2023.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 136.35 billion by 2032.
The major market drivers include rising investments towards offshore exploration and production activities and increasing initiatives by various governments to boost international participation in the oil and gas sector.
The key trends fuelling the growth of the market include technological advancements in the production of liner hangers and increasing utilisation of liner hangers in complex and problematic drilling operations.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types include conventional line hangers and expandable liner hangers.
The key players in the market are Baker Hughes Company, Halliburton Company, Schlumberger NV, Nov Inc., Weatherford International plc, Packers Plus Energy Services Inc., Innovex Downhole Solutions Inc., Dongying JC Petro, Dril-Quip, Inc., and NCS Multistage, LLC, among others.
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