Expandable Liner Hanger System Market: Current Analysis and Forecast (2021-2027)
Emphasis on Reservoir (Oil, Gas), Application (Offshore, Onshore); and Region/Country
Global expandable liner hanger system market is expected to grow at considerable rate of ~10% CAGR during the forecast period (2021-2027). The demand for expandable liner hangers is directly related to the number of wells drilled and completed. The increasing investments in exploration, production, and drilling activities and number of upstream projects, across the world, by the oil producers like the United States and OPEC countries is expected to drive the liner hanger’s market. In addition, growth of onshore projects coupled with enhance the opportunities for drilling activities and increasing exploitation of unconventional reserves in largest oil reserves nations expected to escalate the demand for expandable liner hanger system market.
The outbreak of COVID-19 has adverse impact on the expandable liner hanger system market. The lockdown restrictions around the globe have shut down all the industries activities. Further, manufacturing industry executives witnessed delivery slowdowns, because of the closure of industries to reduce the spread of coronavirus and since the workers started getting sick. In 2020, the oil and gas industry got struck with the COVID-19 impact, far more significant than any other shocks that the sector came across in the past. The oil prices started declining at the end of Q1 2020, and the prices were slashed entirely by the end of April 2020.
Different Types of Expandable Liner Hanger System, By Reservoir, 2020
Halliburton, Schlumberger Limited, Weatherford, Baker Hughes Incorporated, National Oilwell Varco, NCS Multistage, LLC, Well Innovation AS, Innovex Downhole Solutions, Allomon Tool Company Inc, Sonovex Technology. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Insights Presented in the Report
“Amongst Reservoir, oil category holds the major share”
Based on reservoir, the market is classified into oil and gas. The oil category caters extensive market share owing to the surging consumer demand coupled with rising government and FDI investment in exploration of reservoir are catering the market demand for expandable liner hangers.
“Amongst Application, onshore segment held the major share”
Based on application, the expandable liner hanger system market is divided into onshore and offshore. Currently, market is dominated by onshore segment. The large number of ongoing oil & gas exploration activities in gulf countries coupled with presence of large number of onshore wells globally are positively fueling the demand for onshore market.
“MEA represents one of the largest markets of Global Expandable liner hanger system Market”
For a better understanding of the market dynamics of the global expandable liner hanger system market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe, South America, Middle East & Africa. Middle East and Africa holds the significant market share due to the large new field developments in deep-water are expected to be the key drivers for growth of liner hanger system market.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
Global expandable liner hanger system market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global expandable liner hanger system market were the three major steps undertaken to create and analyze the adoption of Expandable liner hanger system in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global expandable liner hanger system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of expandable liner hanger system market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the expandable liner hanger system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as reservoir and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of expandable liner hanger system market. Further, we conducted factor analysis using dependent and independent variables such as rising unconventional and deep water exploration was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the expandable liner hanger system market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global expandable liner hanger system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of expandable liner hanger system market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global expandable liner hanger system market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global expandable liner hanger system market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application of the global expandable liner hanger system market.
The main objective of the Global Expandable liner hanger system Market Study
The current & future market trends of global expandable liner hanger system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of expandable liner hanger system market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of reservoir and application.
- Define and analysis of the regulatory framework for the expandable liner hanger system market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the expandable liner hanger system market for the major region
- Major regions studied in the report include Asia Pacific, Europe, North America, Middle East & Africa, and South America
- Company profiles of the expandable liner hanger system market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry
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February 11, 2025
