Key Insight on Coiled Tubing Market 2018 – 2026 with Demand, Regional Outlook and Leading Players like: Halliburton Co., Weatherford International Ltd., Trican Well Service Ltd, Cudd Energy Services, Schlumberger Ltd., C&J Energy Services, Inc. and Nabo

Coiled Tubing is steel or composite tubing used for deployment of tools and materials through production tubing or casing while performing remedial work on producing wells. Coiled tubing offers a dynamic seal between the formation pressure and the surface, along with a continuous channel for fluid conveyance. Coiled tubing provides strength and rigidity, ability to circulate treatment fluids, and efficient workover operations. Coiled tubing does not require a workover rig, and can be used on high-pressure wells.

Coiled Tubing Market generated USD 3,362 million in 2017 and is anticipated to grow at a CAGR of more than 6.1% during the forecast period according to a new study published by Polaris Market Research.

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The increasing demand for energy, and growing trend of horizontal drilling has increased the demand for Coiled Tubing. The rising demand for exploration & production activities, and growing development of unconventional oil blocks supports the growth of the Coiled Tubing Market. The growing industrialization, significant investments in research and development, and growing adoption of natural gas as a fuel are factors expected to further boost the market during the forecast period. Growing demand from emerging economies, and increasing government support are factors expected to provide numerous growth opportunities for market during the forecast period.

The leading companies profiled in the Coiled Tubing Market report includes: -

Halliburton Co.
Weatherford International Ltd.
Baker Hughes
Trican Well Service Ltd
Cudd Energy Services
Schlumberger Ltd.
Calfrac Well Services Ltd.
C&J Energy Services Inc.
Nabors Industries Ltd.
Archer Limited.
Coiled Tubing Market report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the market. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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Competitive Landscape: -

The global Coiled tubing market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

North America Coiled Tubing Market generated the highest revenue in 2017 owing to increasing trend of horizontal drilling, and growing demand for oil and gas in power production and transportation applications. Increasing energy demand from countries of this region, growing shale gas explorations, increasing demand for natural gas as fuel, and technological advancements are further expected to support market growth.

TOC of Coiled Tubing Market:

Chapter 1. Overview and Scope

Chapter 2. Market Summary

Chapter 3 Coiled Tubing Market Size and Forecast

Chapter 4. Dynamics and Segmentation

Chapter 5. Detailed Insight on Key Company

Chapter 6. Research Methodology and Reference

Chapter 7. Competitive Landscape

TOC Continued…...!!!

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