Global Landing String Equipment Market 2024-2028
The landing string equipment market is forecasted to grow by USD 424.91 mn during 2023-2028, accelerating at a CAGR of 7.06% during the forecast period. The report on the landing string equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in deep-water and ultra-deepwater E and P activities, an increase in global offshore rig count, and a growing demand for oil and natural gas.
Technavio's landing string equipment market is segmented as below:
By Type
By End-user
- Deepwater
- Ultra-deepwater
- Shallow water
By Geographical Landscape
- APAC
- Middle East and Africa
- Europe
- North America
- South America
This study identifies the growing advances in landing string control systems as one of the prime reasons driving the landing string equipment market growth during the next few years. Also, growing advances in subsea processing and declining costs of offshore drilling projects will lead to sizable demand in the market.
The report on the landing string equipment market covers the following areas:
- Landing string equipment market sizing
- Landing string equipment market forecast
- Landing string equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading landing string equipment market vendors that include Aker Solutions ASA, Drilltech Services North Sea Ltd., ExPert E and P Co. LLC, Expro Group Holdings NV, Halliburton Co., Interventek Subsea Engineering Ltd., NOV Inc., Quail Tools LP, Schlumberger Ltd., Superior Energy Services Inc., TechnipFMC plc, Vallourec SA, WellPartner AS, and Yantai Enerserva Machinery Co. Ltd.. Also, the landing string equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.