Press release
Coiled Tubing Market | Key players operating in the market include Schlumberger, Halliburton, C&J Energy Service, Weatherford, BHGE
According to recent market research "Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations), Drilling Service ), Application (Onshore, Offshore), and Region - Global Forecast to 2024"The global coiled tubing market size is projected to reach USD 5.4 billion by 2024 from an estimated USD 3.8 billion in 2019, at a CAGR of 7.1% during the forecast period.
The rising number of mature fields in Europe and the Middle East, along with rising primary energy demand from Asia Pacific are the driving factors for the coiled tubing industry, globally. Coiled tubing units are required while intervention and drilling operations during either of the phases, well drilling, completion, and production.
Browse 114 market data Tables and 53 Figures spread through 189 Pages and in-depth TOC on "Coiled Tubing Market"
https://www.marketsandmarkets.com/Market-Reports/coiled-tubing-market-804.html
The well intervention segment is expected to dominate the coiled tubing market, by service, during the forecast period.
At the initial stage, every crude oil or natural gas reservoir has sufficient reservoir pressure, but it declines with time. Post that, the oil well operators need to pump fluids and perform certain intervention operations, such as well stimulation, sand control, unloading well with nitrogen, gravel packing, pumping slurry, and scale removal. These are generally categorized as well cleaning & pumping operations. Similarly, for depleting reservoirs, the well requires some completions or mechanical operations such as the setting of plug or packer, fishing, perforation of producing wells, removing of scales, cutting tubular service, running a completion unit, and performing of straddle for zonal isolation. Demand for these services drives the well intervention segment for the coiled tubing market.
North America: The largest coiled tubing market.
In this report, the coiled tubing industry has been analyzed for six regions, namely, North America, South & Central America, Europe, Asia Pacific, Middle East, and Africa. According to the IEA, the US is determined to become the net exporter of energy by 2020, and to fulfill this objective, oil production is being increased across the nation. Moreover, the US is the top explorer and producer of shale oil and gas. The old oil & gas fields in the Permian Basin and Bakken Ford require intervention operations to enhance the productivity of the wells. Thus, North America dominated the coiled tubing industry in 2018.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=804
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the coiled tubing market.
Some of the key players are Schlumberger (US), Halliburton (US), C&J Energy Service (US), Weatherford (US), and BHGE (US). The leading players are adopting various strategies to increase their share in the coiled tubing industry. Contracts & agreements and new product launches have been a widely adopted strategy by the major players in the coiled tubing market.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/coiled-tubing.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Coiled Tubing Market | Key players operating in the market include Schlumberger, Halliburton, C&J Energy Service, Weatherford, BHGE here
News-ID: 1875283 • Views: …
More Releases from MarketsandMarkets™
Feed Premix Market, Global Industry Size Forecast
The global feed premix market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for…
Water-soluble Fertilizers Market is Expected to Grow $23.9 billion in 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%.…

Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this…

Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.…
More Releases for Coiled
Major Growth Driver Identified in 2025 Coiled Tubing Market: Fueling Growth Incr …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
Coiled Tubing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the coiled tubing market has seen considerable expansion in the last few years. The market is expected to evolve from $3.95 billion in 2024 to reach the value of $4.31 billion in the following year, demonstrating a…
Coiled Tubing Market: An In-Depth Analysis
The global coiled tubing market was valued at approximately USD 3.54 billion in 2023 and is projected to reach USD 6.71 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.36% during the forecast period.
Coiled Tubing Market Overview
The market growth is driven by increasing energy demands and the rising number of mature oil and gas wells requiring intervention and maintenance. Coiled tubing services are favored for their efficiency…
Coiled Tubing Market: Technological Advancements Drive Rapid Growth
"Updated 2025 Market Reports Released: Trends, Forecasts to 2034 - Early Purchase Your Competitive Edge Today!
Surge in global energy demand coupled with trends in technological advancements, strategic collaboration and adoption in non-oil applications drive extensive growth in the Coiled Tubing Market.
What Is The Projected Market Size Of The Global Coiled Tubing Market And Its Growth Rate?
The coiled tubing market has experienced significant growth:
- The market grew from $3.95 billion…
Coiled Tubing Unit Market Size and Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Coiled Tubing Unit Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion.
The global coiled tubing unit (CTU) market is witnessing steady growth due to the increasing demand for oil and gas production activities, particularly in…
Coiled Tubing Market Sees Explosive Growth Globally
According to latest research report published by Market Data Forecast, the global Coiled Tubing Market size is expected to reach USD 5.06 billion by 2029, which is a significant increase from USD 3.54 billion in 2023 with rising in a decent CAGR of 7.36% during the forecast period of 2024-2029.
The global coiled tubing market is expected to grow in a considerable way. The growth of the market is attributed to…
2021 Coiled Tubing Market Global Analysis Report
Stratistics MRC’s 2021 Coiled Tubing Market report is a long metal pipe and is primarily used to perform workover & repair activities across well sites.
Coiled tubing (CT) is a long metal pipe spooled over a large reel and is primarily used to perform workover & repair activities across well sites. There are no joints & cuts in the coiled tube, making it more effective for well boreholes with a depth…