Landing String Equipment Market Size, Share & Industry Analysis, By Application (Shallow and Deepwater and Ultra-Deepwater), By End-user (Oil & Gas Companies, Oilfield Service Companies, and Research & Development Institutions), and Regional Forecast, 2024-2032
The landing string equipment Market 2025 provides specialized equipment for offshore drilling operations, enabling safe handling and deployment of drill strings in complex subsea environments.
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List of the Companies Profiled in the Report:
- Expro Group Holdings N.V. (U.S.)
- Nov, Inc. (U.S.)
- TechnipFMC plc (U.K.)
- SLB (U.S.)
- Aker Solutions (Norway)
- ExPert E&P Companies, LLC. (U.S.)
- Interventek Subsea Engineering (Scotland)
- Hilong Holding Limited (China)
- Yantai Enerserva Machinery Co., Ltd. (China)
- Optime Subsea (Norway)
Segmentation:
By Application
- Shallow and Deepwater
- Ultra-Deepwater
By End-user
- Oil & Gas Companies
- Oilfield Service Companies
- Research & Development Institutions
By Region
Landing String Equipment Market Drivers and Restraints:
Growth Factors:
- Increased offshore drilling activities and subsea oil & gas production drive demand for landing string equipment.
- Rising focus on safe and efficient handling during well completion operations boosts the need for advanced landing string solutions.
Restraining Factors:
- High operational costs and the complex nature of landing string systems can limit adoption.
- Dependence on fluctuating oil and gas market conditions impacts overall demand.
Report Coverage
The global landing string equipment Industry size was valued at USD 311.6 million in 2023 and is projected to grow from USD 329.4 million in 2024 to USD 547.0 million by 2032, exhibiting a CAGR of 6.5% during the forecast period. North America dominated the landing string equipment Industry with a share of 37.19% in 2023.
The report provides:
- Key growth drivers, challenges, opportunities, and potential barriers in the market.
- Comprehensive insights into regional developments.
- A list of major industry players.
- Key strategies adopted by market leaders.
- Recent industry developments, including product launches, partnerships, mergers, and acquisitions.
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Global Landing String Equipment Market: Regional Segmentation:-
- North America (USA & Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia & Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia & Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, South Africa & Rest of Middle East & Africa)
The information in this study is based on both primary and secondary research methods. The major research methodology comprises interactions with service providers, suppliers, and industry experts. The secondary research process entails a thorough search of relevant documents such as corporate annual reports, financial reports, and proprietary databases.
Key Industry Development
- Optime Subsea, a provider of subsea solutions, signed an agreement with Wintershall Holding GmbH to rent three landing string systems and two wireless electric subsea control and intervention systems (eSCILS).
- Interventek Subsea Engineering, a subsea engineering company, announced the launch of Revolution-7 Subsea Landing String. This landing string equipment is a 7-inch nominal and 10,000psi rated system equipped with Interventek’s Revolution safety valve. It also includes PowerPlus technology, which arranges locally integrated gas-accumulated power source that offers valve actuation under a second.
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