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The market for landing string equipment will grow significantly throughout the forecast period, with a CAGR of 7.51%.
The systems installed between the first riser point are combined by the landing string equipment. Equipment like a retainer, lubricator, etc. make up the system. Compared to previous landing techniques, the technology permits faster running speeds. Unlike this one, the traditional drill strings place a greater emphasis on their capacity to transmit drilling torque. This string equipment is one of the other salient characteristics of landing string equipment. The equipment has riser safety systems installed that connect to the subsea wellhead on the ocean floor and enable completion or well intervention operations to be safely carried out from floating vessels. The increase in deepwater drilling is causing a rise in the need for landing string equipment. The primary driver of the market's acceleration is the requirement for oil and gas to manage the fuel demand. The oil and gas business will be hampered by the rising demand for renewable resources and the high price of crude oil, which will lead to a drop in the market.
The development of landing string technology and the rising need for landing string optimisation in subsea wells are the main drivers of the growth of the global market for landing string equipment. During bad weather, this landing string equipment can provide quick sealing and shutting as well as improved well control.For example, the development of landing string technology has made it possible to complete and intervene in subsea wells more affordably and in oilfields with the highest demands.
Based on application, the market for landing string equipment has been divided into segments. The landing string equipment market is segmented based on application into deepwater, ultra-deepwater, shallow water, and others. Due to an increase in deep-sea mining to fulfil the increasing demand for energy around the world, the deepwater sector is anticipated to hold the greatest share of the global market during the forecast period.Moreover, as many businesses worldwide are concentrating on restarting the stalled deepwater projects, deepwater is one of the main application areas for landing string equipment. Additionally, deepwater offshore application makes up a sizeable portion of the production that is handled by different businesses and is a strategically important and rapidly expanding market for some large businesses, like TotalEnergies.
Between the tubing hanger and the first riser point, various systems are fitted as landing string equipment. Equipment like the retention valve, lubricator valve, and subsea test tree are frequently seen in the landing string system. Furthermore, modern and cutting-edge string equipment are used since they work with traditional drill pipe handling methods. In comparison to other landing techniques, this technology permits faster running speeds. Traditional drill strings, on the other hand, place more emphasis on their capacity to transmit drilling torque. One of the other key characteristics of landing string equipment is that it has integrated safety systems that connect to the subsea wellhead on the ocean floor and enable completion or well intervention operations to be safely carried out from floating vessels.
Report Coverage
Global Landing String Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Landing String Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Landing String Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Landing String Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Landing String Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Landing String Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Landing String Equipment market based on the below-mentioned segments:
Global Landing String Equipment market, By Application
Deepwater
Ultra-Deepwater
Shallow Water
Others
Global Landing String Equipment market, Regional Analysis
The systems installed between the first riser point are combined by the landing string equipment. Equipment like a retainer, lubricator, etc. make up the system. Compared to previous landing techniques, the technology permits faster running speeds. Unlike this one, the traditional drill strings place a greater emphasis on their capacity to transmit drilling torque. This string equipment is one of the other salient characteristics of landing string equipment. The equipment has riser safety systems installed that connect to the subsea wellhead on the ocean floor and enable completion or well intervention operations to be safely carried out from floating vessels. The increase in deepwater drilling is causing a rise in the need for landing string equipment. The primary driver of the market's acceleration is the requirement for oil and gas to manage the fuel demand. The oil and gas business will be hampered by the rising demand for renewable resources and the high price of crude oil, which will lead to a drop in the market.
The development of landing string technology and the rising need for landing string optimisation in subsea wells are the main drivers of the growth of the global market for landing string equipment. During bad weather, this landing string equipment can provide quick sealing and shutting as well as improved well control.For example, the development of landing string technology has made it possible to complete and intervene in subsea wells more affordably and in oilfields with the highest demands.
Based on application, the market for landing string equipment has been divided into segments. The landing string equipment market is segmented based on application into deepwater, ultra-deepwater, shallow water, and others. Due to an increase in deep-sea mining to fulfil the increasing demand for energy around the world, the deepwater sector is anticipated to hold the greatest share of the global market during the forecast period.Moreover, as many businesses worldwide are concentrating on restarting the stalled deepwater projects, deepwater is one of the main application areas for landing string equipment. Additionally, deepwater offshore application makes up a sizeable portion of the production that is handled by different businesses and is a strategically important and rapidly expanding market for some large businesses, like TotalEnergies.
Between the tubing hanger and the first riser point, various systems are fitted as landing string equipment. Equipment like the retention valve, lubricator valve, and subsea test tree are frequently seen in the landing string system. Furthermore, modern and cutting-edge string equipment are used since they work with traditional drill pipe handling methods. In comparison to other landing techniques, this technology permits faster running speeds. Traditional drill strings, on the other hand, place more emphasis on their capacity to transmit drilling torque. One of the other key characteristics of landing string equipment is that it has integrated safety systems that connect to the subsea wellhead on the ocean floor and enable completion or well intervention operations to be safely carried out from floating vessels.
Report Coverage
Global Landing String Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Landing String Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Landing String Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Landing String Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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 |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Landing String Equipment Market from 2021 to 2030.
- Market Forecast for Landing String Equipment Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Landing String Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Landing String Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Landing String Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Landing String Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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
Primary Target Market
- Market Players of Landing String Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Landing String Equipment market based on the below-mentioned segments:
Global Landing String Equipment market, By Application
Deepwater
Ultra-Deepwater
Shallow Water
Others
Global Landing String Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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