Coiled Tubing Market 2019: Size, Share, Top Key Players, In-depth Analysis and Forecast to 2026

A coiled tubing (CT) refers to a long metal pipe, which is normally used in oil & gas fields for well interventions or sometimes as a production tubing in depleted oil and gas wells. Coiled tubes are made up of very low-alloy carbon-steel and are used during the phase of completion and oil recovery. With the large number of oil fields maturing, global production of oil volumes has decreased and companies in the exploration process need high-performing products. The usage of coiled tubing has many advantages such as small trip times, less labor intensive, and others.

Growth in shale gas exploration, especially in the U.S., along with drilling activities across the globe and redevelopment of mature oil fields are some of the key factors boosting the growth of market. With the recent growth in offshore and deep-water drilling, the usage of coiled tubing is expected to gain traction across the globe. Stringent government regulations and declining rig count are the key restraints hampering the growth of the market. Focus on deep-water drilling along with demand for large diameter coiled tubing will offer substantial growth opportunities for the Coiled Tubing Market. Declining oil prices, globally and increase in the length of horizontal wells are some key market challenges.

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Some of the prominent players operating in this market include Schlumberger Ltd, Halliburton, Baker Hughes Inc., Archer, C&J Energy Services Inc., Calfrac Well Services Ltd, Key Energy Services Inc., Nabors Industries Ltd (Bermuda), RPC Inc., Sanjel Corporation, Superior Energy Services Inc., Trican Well Service Ltd, and Weatherford International Ltd.

KEY BENEFITS FOR STAKEHOLDERS:
• The report provides a comprehensive analysis of current & future market trends and emerging avenues for the growth of the market across the globe
• The report offers an overview of changing market dynamics in terms of fast turn-around analysis of stakeholders responses to recent industry policy changes and market trends
• The report offers an insight into competitive landscape in terms of new technological developments, untapped segments, and value chain analysis

COILED TUBING MARKET KEY SEGMENTS:
Market By Services:
• Well Intervention Service
• Drilling Service
• Others

KEY PLAYERS:
• Schlumberger Ltd
• Halliburton Co.
• Baker Hughes Inc.
• Archer Limited
• C&J Energy Services Inc.
• Calfrac Well Services Ltd
• Key Energy Services Inc.
• Nabors Industries Ltd
• RPC Inc.

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