| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 5.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Liner Hanger System Market Analysis
The Saudi Arabia Liner Hanger System Market is expected to register a CAGR of greater than 5.5% during the forecast period.
- With increasing rig count in onshore fields, the onshore segment is expected to dominate the liner hanger system market in the forecast period.
- With the second-largest proven reserves of crude oil, Saudi Arabia has significant potential for exploration and completion activities, which will create substantial opportunities for the liner hanger system market in the near future.
- With the majority share of onshore wells, the conventional liner hanger system is leading the market, and owing to the ongoing projects; conventional LHS is expected to continue its dominance.
Saudi Arabia Liner Hanger System Market Trends
Onshore Segment to Dominate the Market
- A liner hanger system consists of a liner hanger assembly, releasing tool, cementing head, packer, etc. The liner hanger system is a part of well completion and can be mechanical or hydraulic, premium, or standard, rotating, or non-rotating, conventional or expandable, and pocket slip.
- By 2028, according to plans, Aramco plans to produce 0.65 bcm of natural gas per day and is expected to target unconventional gas reserves in North Arabia, the South Ghawar, and the Jafurah Basin, East of Ghawar.
- Saudi Arabia reported 100 active onshore rigs and 20 active offshore rigs in April 2019. The deployment of these rigs is expected to increase drilling activities, which is further likely to increase the demand for LHS.
- The country has vast shale reserves, and the increasing exploitation of its unconventional reserve is expected to drive the demand for liner hanger systems in the long run.
- With the largest reserves of oil and gas and the highest production from several onshore fields, the onshore segment is expected to drive the market considerably.
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Conventional LHS to Dominate the Market
- In 2019, with 297.6 million thousand barrels, the Kingdom of Saudi Arabia (KSA) held the second-largest proven oil reserves in the world after Venezuela. The vast reserves are likely to dive the LHS market in the long term.
- Further, in Saudi Arabia, the focus of E&P activities has been increasingly shifting toward the offshore Red Sea, which in turn, is expected to result in more significant opportunities for the conventional liner hanger system market players in the country.
- Saudi Aramco is continuously engaged in exploration and development to compensate for declining fields elsewhere, creating market opportunities for conventional liner hanger systems.
- Despite a decrease in oil production to 11.8 million barrels per day, the increasing gas production to 113 bcm in 2019 is significantly uplifting the demand for conventional LHS in Saudi Arabia.
- Owing to the higher production of crude oil and natural gas from the onshore fields, the use of hydraulic and mechanical liner hanger systems remained higher in the country. However, with the increasing quest for offshore oil and gas reserves, the demand for expandable LHS is also expected to increase.
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Saudi Arabia Liner Hanger System Industry Overview
The Saudi Arabia liner hanger system market is moderately consolidated. Some of the major companies include National-Oilwell Varco, Inc., Halliburton Company, Weatherford International plc, Baker Hughes Company, and Schlumberger Limited.
Saudi Arabia Liner Hanger System Market Leaders
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Halliburton Company
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Weatherford International plc
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Schlumberger Limited
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Baker Hughes Company
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National-Oilwell Varco, Inc
- *Disclaimer: Major Players sorted in no particular order
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Saudi Arabia Liner Hanger System Industry Segmentation
The Saudi Arabia liner hanger system market report includes:
| Type | Conventional |
| Expandable | |
| Location of Deployment | Offshore |
| Onshore |
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Saudi Arabia Liner Hanger System Market Research FAQs
What is the current Saudi Arabia Liner Hanger System Market size?
The Saudi Arabia Liner Hanger System Market is projected to register a CAGR of greater than 5.5% during the forecast period (2025-2030)
Who are the key players in Saudi Arabia Liner Hanger System Market?
Halliburton Company, Weatherford International plc, Schlumberger Limited, Baker Hughes Company and National-Oilwell Varco, Inc are the major companies operating in the Saudi Arabia Liner Hanger System Market.
What years does this Saudi Arabia Liner Hanger System Market cover?
The report covers the Saudi Arabia Liner Hanger System Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia Liner Hanger System Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Saudi Arabia Liner Hanger System Industry Report
Statistics for the 2025 Saudi Arabia Liner Hanger System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Liner Hanger System analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
