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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Landing String Equipment Market Size
The global landing string equipment market is projected to grow at a CAGR of almost 7% over the forecast period of 2024-2032.
The rapid advancement in landing string technologies, along with the growing demand for landing string optimisation for use in subsea wells, which can offer quick sealing and shutting, and enhanced well control during adverse weather conditions, is driving the industry growth. Further, the landing control systems with a lower footprint help to reduce operating expenses by minimising rig up times, the deck space, and ancillary support facilities.
Landing String Equipment Market Report Snapshots
Landing String Equipment Market Size
Landing String Equipment Market Analysis
Landing String Equipment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global landing string equipment market is projected to grow at a CAGR of 7% between 2024 and 2032.
The market is being driven by rapid innovations in landing string technology, increased demand for landing string optimisation for use in subsea wells, enhanced well control during poor weather conditions, and reduced operational expenditures.
Key trends like the recovery of global crude oil prices and the prospect of increased disposable incomes are projected to aid the market during the forecast period.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major applications include deep water, ultra-deep water, and shallow water, among others.
The major players in the industry are Schlumberger Ltd, National Oilwell Varco Inc., Superior Energy Services Inc., Enovate Systems Ltd, Yantai Enerserva Machinery Co. Ltd., Expro Holdings UK 2 Ltd., Vallourec SA and Others.
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