Global Landing String Equipment Market is Likely to Witness High Growth During the Forecast Period
CRI Report published a raw research report on the global landing string equipment market that contains the information from 2021–2027. The global landing string equipment market is expected to register a~6.51% CAGR during the forecast period, 2021–2027.
Landing string equipment is a combination of systems that are installed between the tubing hanger and the first riser point. The landing string system generally contains equipment such as a subsea test tree, lubricator valve, and retainer valve. Moreover, landing new and advanced string equipment are used owing to their compatibility with conventional drill pipe handling systems. This system enables higher running speeds as compared to alternative landing methods. On the other hand, traditional drill strings focus primarily on the ability to transfer drilling torque.
The global landing string equipment market size is projected to reach a valuation by 2027, with ~6.51% CAGR during the forecast period.
In 2020, the deepwater segment held the largest market share
Based on application, the global landing string equipment market has been divided into deepwater, ultra-deepwater, shallow water, and others. The deepwater segment is expected to hold the largest share in the global market during the forecast period due to an increase in deep-sea mining to meet the energy requirement across the globe. Moreover, deepwater is one of the major application areas for landing string equipment as many companies across the world are focusing on reviving the pending projects of deepwater. Additionally, deepwater offshore application accounts for a significant share of the operated production of various companies and is a strategic and fast-growing segment for some major companies, including TotalEnergies.
Based on region, the landing string equipment market has been segmented into Asia-Pacific, North America, Europe, the Middle East&Africa, and South America. North America accounts for the largest share of the landing string equipment market due to increasing offshore drilling projects and subsea processing. Such investments would accelerate the growth of landing string equipment in this region.
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The key players operating in the global landing string equipment market are Expro Holdings UK 2 Ltd., National Oilwell Varco Inc., Superior Energy Services Inc., Vallourec SA, Yantai Enerserva Machinery Co. Ltd., Enovate Systems Ltd., Expro Group, Quail Tools, Schlumberger Ltd., Superior Energy Services, Inc., Thyssenkrupp AG, Technip FMC, and Interventek Subsea Engineering.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global landing string equipment market, including high-growth regions and/or countries and political and economic environments. The project report further provides both historical market values and pricing and cost analysis