Coiled Tubing 2018 Market Size, Share and Emerging Technologies, Competitive Analysis | Leading Key Players Update, Industry Growth Rate by Forecast to 2023

Coiled Tubing Market Leading Key Players:-

The key players of global Coiled Tubing market report include- Baker Hughes Inc., Halliburton Co, Schlumberger Ltd., Superior Energy Services Inc., Archer Limited, C&J Energy Services Ltd., Calfrac Well Services Ltd, Cudd Energy Services, and Key Energy Services Llc..

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Market Highlights:-

Coiled tubing is a cost effective solution for various applications across drilling, completions, and workover operations for an oil well. The market for coiled tubing services had contracted significantly, on account of the prolonged oil price decline since mid-2014. Considerable supply excess had been a major factor resulting into the plummeting oil prices. However, the recent price stabilization as well as changing dynamics of oil producing countries has instigated a positive outlook for the upstream oil & gas services market. Coiled Tubing market is projected to grow at a moderate pace of 6% in the next six years, on account of continuing production activities as well as revival in drilling activities within the next couple of years.

The global Coiled Tubing market is projected to expand at 6.75% CAGR during the forecast period.

North America held the largest share within the coiled tubing market in 201, and is expected to continue being a major market during the forecast period. European market is expected to grow at a comparatively slow pace, driven by steady demand from countries such as Russia, U.K., Norway, and the Netherlands. Middle East market is expected to grow a good pace during the forecast period.

Scope of the Report:-

This study provides an overview of the global coiled tubing industry, tracking market segments across the categorized five geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the global coiled tubing market based on services into cleaning, completion, drilling, and others.

Market Segmentation:-

The global coiled tubing market is segmented on the basis of service type and by application. Based on service type, the market is segmented as well intervention services and drilling services. The well intervention services are further classified as well completion and well-cleaning activities. Well intervention services are expected to command the largest market share with these services being carried out to improve production from an existing oil well throughout its operational lifetime.

Based on application, the market is segmented as onshore and offshore applications. With increasing shale gas development and unconventional drilling techniques, onshore drilling activities are gaining huge popularity among oil and gas operators. With supportive regulations, many new onshore oil and gas drilling projects are performed in the U.S., which acts a driver for coiled tubing market. In these drilling projects, the coiled tubing offers advantages such as contained well pressure along with quicker trip times.

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Global Coiled Tubing Market Analysis:-

North America is expected to be the largest market for coiled tubing with increased oil and gas drilling activities in the region. Especially in U.S., in recent times, the country has established itself to be a major oil producing nation outside the OPEC through continuous extraction of shale oil and gas by unconventional drilling technologies. Moreover, the Middle East region is also witnessing increased oil and gas enhanced recovery projects along with new drilling projects after recent OPEC plans to continue oil production activities because of rising demand. In Asia Pacific region, China is increasing the number of its shale gas development projects, which is expected to result in rapid growth for the coiled tubing market. With increasing demand for oil and gas in countries such as India, Indonesia, Australia and Philippines, new oil and gas drilling projects are expected to increase, which will further drive the demand for coiled tubing.

Major points of TOC:-

1. REPORT PROLOGUE
2. INTRODUCTION
3. RESEARCH METHODOLOGY

4. MARKET DYNAMICS
4.1. DRIVERS & OPPORTUNITIES
4.2. CHALLENGES & RESTRAINTS
4.3. VALUE CHAIN ANALYSIS
4.4. PORTER’S FIVE FORCES ANALYSIS

5. COILED TUBING MARKET, BY SERVICE
5.1. INTRODUCTION
5.2. CLEANING
5.3. COMPLETION
5.4. DRILLING
5.5. OTHERS

6. COILED TUBING MARKET, BY REGION
6.1. INTRODUCTION
6.2. NORTH AMERICA
6.2.1. U.S.
6.2.2. CANADA
6.2.3. MEXICO
6.3. EUROPE
6.3.1. U.K.
6.3.2. NORWAY
6.3.3. RUSSIA

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6.3.4. THE NETHERLANDS
6.3.5. REST OF EUROPE
6.4. MIDDLE EAST & AFRICA
6.4.1. SAUDI ARABIA
6.4.2. UAE
6.4.3. KUWAIT
6.4.4. EGYPT
6.4.5. ALGERIA

Continued...........

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