Liner Hanger Market Share

North American Market Forecast

The North America liner hanger market is projected to be the largest with a share of about 35% by the end of the forecast period, owing to the large consumption of petroleum and petroleum products. As per U.S. Energy Information Administration, the country has averagely utilized around 19.89 million barrels of petroleum each day.  Also, the high demand for energy by the American population is another growth factor of the market in the region owing to its usage in the drilling process.

APAC Market Analysis

The Asia Pacific liner hanger market is set to hold 24% of the revenue share by the end of the projected timeframe. Asia Pacific is expected to observe a growth outlook in the coming years owing to the need to bridge the gap between the demand and supply of oil and oil products. In addition, the expanding oil and gas industries in China and India are also expected to propel the expansion of the market.