Asia-Pacific Liner Hanger System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Type (Conventional and Expandable), Location of Deployment (Offshore and Onshore), and Geography (China, India, Australia, Indonesia, and Rest of Asia-Pacific)

Market Snapshot

Asia-Pacific Liner Hanger-Market Summary
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >6.6 %

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Market Overview

The liner hanger system market in Asia-Pacific is expected to grow at CAGR of more than 6.6% in the forecast period of 2020-2025. Increasing upstream activities in regions like China, Australia, and India are driving the need for liner hanger systems. An increase in exploration activities in the shale reservoir and deepwater reservoirs are also expected to drive the market in the forecast period. On the other hand, the global crude oil price decline in 2020 has led to a halt or delay in various oil and gas projects, which is expected to restrain the market growth.

  • With the depletion of onshore reserves, the shift towards offshore exploration is expected to drive the market of liner hangers in the forecast period.
  • The exploration of deepwater and ultra-deepwater projects and increasing investment in the shale are likely to create ample opportunities for the market players in the future.
  • China is anticipated to dominate the market during the forecast period. With the largest proven reserves of oil and the highest production, the country is expected to lead in the market.

Scope of the Report

The Asia-Pacific liner hanger system market report includes:

Location of Deployment
Rest of Asia-Pacific

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Key Market Trends

Offshore Sector to Witness Significant Growth

  • In Australia, the Browse gas project is expected to be developed in the forecast period. With an estimated capacity of 15.4 trillion cubic feet of dry gas, multiple wells in the future are likely to drive the demand of liner hanger systems offshore.
  • Vedanta's upstream subsidiary and Cairn Oil and Gas are planning to invest INR 58,521 crore across to conclude exploration work across 30 blocks in India, With new exploration activities, demand for liner hanger systems is anticipated to rise during the forecast period.
  • Further, in India, large new field developments in deepwater are expected to be the key drivers for growth in the Indian liner hanger system market. In April 2018, BP and Reliance Industries sanctioned the 2nd phase development of the “Satellite cluster” project, located in the Bay of Bengal.
  • The increase in global crude oil production to 94.7 million barrels per day has resulted due to the drilling of new wells, which are increasing the demand for casing hardware significantly.
  • In 2019, Asia-Pacific produced 65 bcf natural gas per day. With growing investments in offshore gas projects in India, China, Indonesia, and Australia, the new production wells are expected, which are likely to create significant demand for liner hanger systems,
  • Due to the COVID-19 pandemic in 2020, delay in upstream projects can be expected. Later in the forecast period, with the initiation of new offshore projects, the market of the liner hanger system is expected to grow considerably.
Asia-Pacific Liner Hanger Market-Natural Gas Production

China to Dominate the Market

  • The new reforms related to the oil and gas industry are expected to make it easier for private companies to invest in the country, which, in turn, is expected to help reduce the monopoly of state-owned companies. The growing investment by the private sector is expected to drive the liner hanger system market.
  • In January 2018, CNOOC announced its plan to double its exploration activities and proven oil and gas reserves in China over the next seven years. This is expected to boost the demand for the liner hanger systems.
  • The shale formations in the country tend to be relatively deep. Also, Chinese shale gas production is expected to mark progress with around 700 planned new wells were coming on-stream in 2018-2020.
  • With 3.8 million barrels per day production of crude oil in 2019, new wells are expected to increase production further and drive the market of the liner hanger system in China.
  • Factors, such as increasing lateral lengths, growth in the shale gas industry, and country’s reforms to boost international participation in the oil and gas sector, are expected to boost the demand for liner hanger systems over the forecast period
	 	Asia-Pacific Liner Hanger Market-Crude Oil Production

Competitive Landscape

The Asia-Pacific liner hanger system market is moderately consolidated. Some of the major companies include National-Oilwell Varco, Inc., Halliburton Company, Weatherford International plc, Baker Hughes, Schlumberger Limited Ltd.

Table of Contents


    1. 1.1 Scope of Study

    2. 1.2 Market Definiton

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitute Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Conventional

      2. 5.1.2 Expandable

    2. 5.2 Location of Deployment

      1. 5.2.1 Offshore

      2. 5.2.2 Onshore

    3. 5.3 Geogrpahy

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Australia

      4. 5.3.4 Indonesia

      5. 5.3.5 Rest of Asia-Pacific


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Halliburton Company

      2. 6.3.2 Weatherford International plc

      3. 6.3.3 National Oilwell Varco Inc.

      4. 6.3.4 Baker Hughes Company

      5. 6.3.5 National-Oilwell Varco, Inc

      6. 6.3.6 Well Innovation AS

      7. 6.3.7 NCS Multistage LLC

      8. 6.3.8 Schlumberger Limited

      9. 6.3.9 Drill-Quip Inc.

    4. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Liner Hanger System Market market is studied from 2016 - 2026.

The Asia-Pacific Liner Hanger System Market is growing at a CAGR of >6.6% over the next 5 years.

Halliburton Company , Weatherford International plc, Schlumberger Limited , National-Oilwell Varco, Inc , Baker Hughes Company are the major companies operating in Asia-Pacific Liner Hanger System Market .

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