Global Liner Hanger Market Report and Forecast 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