Landing String Equipment Market | Evolving Opportunities with Enovate Systems Ltd. and Expro Holdings UK2 Ltd. | Technavio – QNT Press Release


NEW YORK, June 21, 2022 /PRNewswire/ — The Landing String Equipment market size is expected to grow by USD 310 million at a CAGR of over 6.21% during the forecast period. APAC will account for 40% of market growth. In APAC, China is the primary market for landing string equipment. This region’s market will grow more quickly than other regions’ markets.

Over the forecast period, the abundance of deepwater and ultra-deepwater oil and gas projects will support the expansion of the landing string equipment market in APAC.

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An important element influencing the growth of the global market for landing strong equipment is the increase in deepwater and ultra-deepwater E&P activities. Due to significant undeveloped assets, oil and gas corporations have changed their attention to offshore E&P from shallow waters to deepwater and ultra-deepwater resources. Over the past few years, there has been an increase in deepwater and ultra-deepwater oil and gas developments .

However, the rise of renewable energy will be a major challenge for the global landing string equipment market share growth during the forecast period.

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Major Five Landing String Equipment Companies:
  • Enovate Systems Ltd.- The company offers landing string equipment for various industrial applications.
  • National Oilwell Varco Inc.- The company offers landing string equipment under the brand, Grant Prideco.
  • Quail Tools LP- The company offers rental tools such as blowout preventers, pressure controllers, gate valves, drill pipes, landing strings, drill collars, tubing, and associated handling tools to the oil and gas industry.
  • Schlumberger Ltd.- The company offers subsea landing string services including exploration, appraisal, development, and production.
  • WellPartner AS- The company offers various products such as riser systems, tension systems, casing landing assembly, umbilical deployment systems, and other products.

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Landing String Equipment Market Application Outlook (Revenue, USD mn, 2021-2025)
  • Deepwater – size and forecast 2021-2025
  • Ultra-deepwater – size and forecast 2021-2025
  • Shallow water – size and forecast 2021-2025
Landing String Equipment Market Geography Outlook (Revenue, USD mn, 2021-2025)
  • APAC – size and forecast 2021-2025
  • MEA – size and forecast 2021-2025
  • Europe – size and forecast 2021-2025
  • North America – size and forecast 2021-2025
  • South America – size and forecast 2021-2025

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