| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 6.50% |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Liner Hanger System Market Analysis by Mordor Intelligence
The United States Liner Hanger System Market is expected to register a CAGR of greater than 6.5% during the forecast period.
- With 990 active onshore rigs in the United States and increasing production from the Permian basin, the onshore sector is expected to dominate the liner hanger market.
- The United States has one of the largest technically recoverable shale gas reserves and the second-largest tight oil reserves in the world. Moreover, the technological development in hydraulic fracturing is expected to create ample opportunities for the liner hanger system.
- Most of the oil and gas projects in the United States are onshore, deploying conventional liner hangers. In the forecast period also, conventional LHS is expected to dominate the market.
United States Liner Hanger System Market Trends and Insights
Onshore Sector 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.
- The United States was one of the largest producers of crude oil and natural gas, accounting for around 18% and 23% of the global production, respectively, in 2019. The production surged in 2019, mainly due to robust drilling in its shale reserves, led by the Permian Basin.
- ConocoPhillips reported its exploration success in Alaska in 2018. Based on the results, the company believes that it has captured 0.5 to 1.1 Bboe of gross discovered resource, with 75% of its prospective exploration acreage still to be drilled. The discovered field is expected to drive the LHS demand significantly.
- With total crude oil production of 17 million barrels per day in the United States, the market of oil and gas is growing and simultaneously driving the need for liner hanger systems.
- Due to the Coronavirus pandemic in 2020, delay in upstream projects can be expected. Later in the forecast period, with the initiation of new onshore projects and completion of drilled wells, the market of the liner hangers is expected to grow considerably.
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Conventional Liner Hanger System to Dominate the Market
- Mechanical LHS is designed for vertical, onshore, and low-deviation wells, whereas the hydraulic liner hangers are mostly used in offshore wells and horizontal, deep, and HP/HT onshore wells.
- As of April 2019, 8390 drilled wells are incomplete in the country, with the Permian Basin having the largest share. These wells are expected to be completed in the coming years, creating ample opportunity for the liner hanger system suppliers.
- At the beginning of 2018, the government announced the opening of 98% of the coastal water for oil and gas exploration and production. The announcement is expected to drive the demand for conventional liner hanger systems in the offshore sector in the long run.
- Despite the decrease in the number of active rig count to 990 in 2019, the production of both crude oil and natural gas is increasing, driving the market of the liner hanger system significantly.
- Factors, such as increasing share of horizontal and directional drilling, significant oil and gas discoveries in both onshore and offshore segments, along with the shift toward unconventional fields, are expected to boost the demand for conventional liner hangers.
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Competitive Landscape
The United States 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, Schlumberger Limited Ltd.
United States Liner Hanger System Industry 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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United States Liner Hanger System Market Report Scope
The United States liner hanger system market report includes:
Type
| Conventional |
| Expandable |
Location of Deployment
| Offshore |
| Onshore |
| Type | Conventional |
| Expandable | |
| Location of Deployment | Offshore |
| Onshore |
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Key Questions Answered in the Report
What is the current United States Liner Hanger System Market size?
The United States Liner Hanger System Market is projected to register a CAGR of greater than 6.5% during the forecast period (2025-2030)
Who are the key players in United States 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 United States Liner Hanger System Market.
What years does this United States Liner Hanger System Market cover?
The report covers the United States Liner Hanger System Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Liner Hanger System Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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United States Liner Hanger System Market Report
Statistics for the 2025 United States Liner Hanger System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States 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.
