According to a new market research report published by Global Market Estimates Research & Consultants, the liner hangers market is expected to grow at a CAGR of 3.98% during the forecast period, to reach USD 113.93 million by 2026. The market is driven by growing investment in exploration, drilling and well completion activities across the globe. With the world’s major oil fields gradually depleting, countries are taking efforts to discover new onshore and offshore oil sources in order to suffice their oil needs and for export activities as well.
A steady rise in the number of hydraulic fractured wells drilled and completed since 2014 is expected to drive demand for liner hangers market.
Browse 89 Market Data Tables and 64 Figures spread through 145 Pages and an in-depth TOC on “Global Liner Hangers Market – Forecasts to 2026” https://www.globalmarketestimates.com/liner-hangers-market
Key Market Insights
- Expandable liner hangers segment held the largest share in 2017 and is projected to grow at the highest CAGR from 2018 to 2026
- Growing demand for natural resources in developed and developing countries is expected to increase extraction activities, in turn driving demand for liner hangers
- Middle East & Central and South American countries are projected to grow at a high CAGR during the forecast period
- The onshore segment is expected to hold the largest market share in terms of revenue due to more number of onshore sites and a lower drilling cost
- The offshore segment is projected to grow at a high CAGR during the forecast period
- Countries such as China and the U.S. are expected to invest significantly in extraction activities to maximize oil production
- Major players in the liner hanger market include Halliburton Co., Schlumberger Ltd, Weatherford International PLC, Baker Hughes – a GE Company, National Oilwell Varco Inc., NCS Multistage LLC, Well Innovation AS, Innovex Downhole Solutions Inc., Packers Plus Energy Services Inc., Dew Wartungs und Reparatur GmbH and Drill Quip Inc among others.
Browse the Report @: https://www.globalmarketestimates.com/liner-hangers-market
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Type Outlook (Revenue, USD Million, 2016 – 2026)
- Conventional Liner Hangers
- Expandable Liner Hangers
Location of Deployment Outlook (Revenue, USD Million, 2016 – 2026)
- Offshore
- Onshore
Regional Outlook (Revenue, USD Million, 2016 – 2026)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
Asia Pacific
- China
- India
- Japan
- South Korea
Central & South America
- Brazil
Middle East & Africa
- Saudi Arabia
- UAE
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