DUBLIN, Dec. 14, 2018 /PRNewswire/ --
The "Global Liner Hanger Systems Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The liner hanger systems market will register a CAGR of nearly 5% by 2023.
According to our industry experts, the increasing investments in offshore oil and gas projects have increased along with the recovery in global crude oil prices. The technological advances that enable optimization through enhanced oil recovery from reserves are also driving the increase in offshore projects.
The increase in deepwater and ultra-deepwater activities, many market vendors are introducing liner hanger systems that are specifically meant for such activities. Thus, the development of liner hanger systems for deepwater and ultra-deepwater explorations and the increase in deepwater and ultra-deepwater E&P projects support the growth of the global liner hanger systems market during the forecast period.
Global Increase in Rig Count
The increase in global rig count and the use of liner hanger systems to reduce total rig in a well lead to better productivity and enhance the oil recovery from the reserve. Hence, the global liner hanger systems market is expected to grow with the increase in the number of active rigs across the world during the forecast period.
Fluctuations in Global Oil Price
The oil and gas projects are on hold due to fluctuating oil prices globally. Most E&P projects are executed only when the revenue generated is high enough to enable suppliers to make profits. Thus, the uncertainty is global crude oil prices will affect investments in oil and gas drilling projects, which in turn, will affect the growth the market during our forecast period.
Key Players
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/research/kmzd42/liner_hanger?w=5
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