Global Hydraulic Liner Hanger Systems Market – Introduction
Hydraulic liner hanger is a heavy duty system which allows cementing and lining simultaneously. These equipment are used at the cones of a well by the force of hydraulic pressure. Liner systems help reduce the cost by eliminating the need to extend a long casing string to the top of the wellbore. Hydraulic liner hangers are most commonly used in offshore wells, and high pressure or high temperature (HP/HT) onshore wells. Temperature, pressure, and depth etc. have a significant impact on the cost of liner hanger systems.
Global Hydraulic Liner Hanger Systems Market – Competition Landscape
TIW Corporation, was incorporated in 1917, and is headquartered in Houston, Texas, the U.S. The company’s product portfolio includes liner packers, liner hangers, setting tools and accessories, surface cementing equipment, downhole cementing accessories such as port collars, and stage cementing tools and tieback equipment. The company has been providing specialized tools to the oil and gas industry for over a century. In 2016, TIW was acquired by Dril-Quip, Inc, one of the leading manufacturers of offshore drilling and production equipment.
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Schlumberger Limited, incorporated in 1956 and headquartered in Houston, Texas, the U.S. provides technology for reservoir characterization, drilling, production, and processing to the global energy industry. The company employs around 10,000 people and has sales & service centers in more than 120 countries across the globe.
Baker Hughes, a GE company
Baker Hughes, Inc. was incorporated in 1986 and is based in Houston, Texas, the U.S. The company provides oilfield products and services. It has around 66,000 employees worldwide and engages in providing surface logging, drilling, pipeline operations, petroleum engineering, and fertilizer solutions. Baker Hughes also offers gas turbines, valves, actuators, pumps, flow meters, generators, and motors etc.
Other key players operating in the global hydraulic liner hanger systems market includes DEW Wartungs und Reparatur GmbH, National Oilwell Varco, Weatherford, Allamon Tool Company Inc., Innovex Downhole Solutions., Saga Group, and Halliburton.
Global Hydraulic Liner Hanger Systems Market – Dynamics
Usage of innovative equipment in the oil & gas industry
Rapid increase in innovation of products and equipment and advancement of new technologies in the oil & gas industry plays a vital role in the growth of the hydraulic liner hanger systems market. The Middle East is considered one of the biggest markets for this equipment. Countries such as Oman and Saudi Arabia have extensive installation of these equipment. Volatility in oil prices is expected to impact the demand for hydraulic liner hanger systems during the forecast period.
Opportunity to reduce cost
Choosing an appropriate liner hanger system helps to reduce the cost of a well through reduction in casing etc. Care must be given to engineer a solution which manages the cost as well as fulfills the purpose without restricting the performance of the well. This is anticipated to drive the hydraulic liner hanger systems market during the forecast period.
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Global Hydraulic Liner Hanger Systems Market – Segmentation
The global hydraulic liner hanger systems market can be segmented based on:
- Product Type
Global Hydraulic Liner Hanger Systems Market, by Type
Based on type, the global hydraulic liner hanger systems market can be divided into:
Global Hydraulic Liner Hanger Systems Market, by Product Type
In terms of product type, the global hydraulic liner hanger systems market can be segmented into:
Global Hydraulic Liner Hanger Systems Market, by Application
Based on application, the global hydraulic liner hanger systems market can be divided into:
- Onshore Drilling
- Offshore Drilling
Global Hydraulic Liner Hanger Systems Market, by End-user
In terms of end-user, the global hydraulic liner hanger systems market can be segregated into:
- Oil & Gas
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