Baker Hughes Company has successfully acquired Quest Integrity. The acquisition is aimed in enhance the processes of technology-enabled asset inspection and reliability management solutions across the pipeline, refining, petrochemical, and power generation sectors.
ONGC joined hands with Indian Oil for reducing carbon emissions during enhanced oil recovery by injecting carbon dioxide captured from IOCL’s Koyali refinery.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5040
Published Date: Jun 16, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The expansion of the oil and gas industry along with rising energy demands and petroleum products is expected to propel the market drive in the forecast period.
The market size of liner hangers is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Innovex Downhole Solutions, Inc., NCS Multistage Holdings, Inc., Packers Plus Energy Services, Inc., NOV Inc., Dril-Quip, Inc., Weatherford International plc, Schlumberger Limited, Halliburton Company, Baker Hughes Company, ONGC, and other key players.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, well type, application, and by region.
The onshore segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Rising concerns regarding the unavailability of raw materials along with the high cost of the product and stringent government rules are estimated to be the growth-hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.