openPR Logo
Press release

Increasing shale gas exploration and production activities across the globe will drive the coil tubing market share during the forecast period.

11-08-2016 05:00 PM CET | Energy & Environment

Press release from: GMI

Coil Tubing Market size was over USD 3 Billion. Increasing shale gas exploration and production activities would drive the market during the forecast period.

North America, led by the U.S. coil tubing market size was dominant regional industry in 2015 owing to high exploration and production activity of shale gas. Middle East and Africa should witness a substantial growth in future owing to increasing demand for innovative technology in oil and gas application. The development of new oil and gas fields such as Sub-Sahara Africa will also drive Middle East and Africa coil tubing market.

Request for an in-depth table of contents for this report @ 

Also known as flexible tubing, it has a long metallic pipe, normally 25 to 83 mm in diameter wound on spool is mainly used in upstream activities. It is used to perform drilling, milling operations, logging and perforating, well intervention operation, circulation, fracturing process, removal of wax, hydrate plug and hydrocarbon, fishing, gas lifting, stimulation and enhance oil recovery processes such as acid fracturing and hydraulic etc. It helps to reduce exploration cost, transportation cost, tabular trip time, reservoir damage and ensure operation safety. These tubing are preferred over conventional straight tubing as it can be inserted into well during production and it is cost effective and used on high pressure wells.

Coil tubing unit includes injector head, drum, guider, blowout prevention system, control system and power system. Injector head is the main component and used to lift coil tubing during operation. The guider is used to inject and eject out of injector head. Drum is used to decide transport dimension and winding capacity of the unit. Power system is used to provide power to the unit. Blowout prevention system is used to sealing pressure in well to prevent blowout.

Increasing shale gas exploration and production activities across the globe will drive the coil tubing market share during the forecast period. Investment in oil and gas projects, discovery of new oil and gas reserves, redevelopment of matured oil and gas fields, shift to horizontallateral drilling, gradually increasing demand of oil and gas are some of the drivers which will boost the demand of coil tubing in the near future. Lack of skilled labor, low crude oil prices and competitive prices of alternative equipment such as snubbing units and workover rig acts as a restraint for industry. Increasing offshore drilling activities will be an opportunity for coil tubing market.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States

This release was published on openPR.

Permanent link to this press release:

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 Increasing shale gas exploration and production activities across the globe will drive the coil tubing market share during the forecast period. here

News-ID: 379801 • Views: 271

More Releases from GMI

Flight Inspection Market Revenue, Opportunity, Segment and Key Trends (Safran El …
Flight Inspection Market is segmented as commercial airports and defense airports. Increasing defense budgets by major countries in the world drives the demand for defense flight inspection market. Increasing investment in modernization & development of defense airports and use of defense airports for strategic purpose will boost the industry demand. Frequent domestic & international flights and increasing travel for business purpose will increase revenue share from commercial segment. Request For Table
Europe and Asia Pacific also had a substantial share of the diabetic food market …
Diabetic Food Market size will grow at a fast pace in the forecast period. Factors responsible for the product growth are its wide application in the healthcare sector which includes preparation of medical food and insulin, tackling diabetic incidences, and other health issues like digestive disorder & obesity. Increase in aging population and growing consumer awareness about the benefits of healthy food consumption will contribute to the diabetic food market
Changing dietary preferences, strong awareness levels and industry focus could s …
Pea protein market size was 11.5 kilo tons in the year 2015 and is expected to go beyond 33 kilo tons till 2023 with a CAGR of 13.5% between the years 2026 to 2023 as per the study done by Global Market Insights. These rising figures are due to increasing awareness about healthy diets and this is going to expedite the market trend in the coming years. Because of diversity
North America will be dominating the global market. It is the fastest growing ec …
Vegetable Fats Market size will witness a substantial growth, the vegetables fat is considered a fat, which is originated from plant based sources rather than animal based sources. Vegetable fats are used in bakery application, ice cream manufacturing, meat products, dairy products, frying fats and deep, confectionery and infant nutrition. These fats are considered healthy as they are available as unsaturated fat. The food which contains vegetable oil is good

All 5 Releases

More Releases for Increasing

Thyristor Market - The Increasing Demand From Increasing Population 
Published: Oct, 2018 The global thyristor market was valued at US$ 4,035.0 Mn in 2017 and is projected to register compound annual growth rate (CAGR) of over 7.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Thyristor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that the rising population and urbanization is likely to spur the
Why Cloud Computing is Gaining Increasing Importance?
With increasing amount of data coming into and flowing out of a company, data analysis, protection and storage has become a hectic job. Organizations are looking for ways to manage this effectively. Cloud technology plays a vital role in data analyzing and storage process. Furthermore, the emergence of big data has necessitated the adoption of cloud analytics. Dell EMC, VMware & Intel are some of the leading companies providing cloud solutions. VMware
Vaccine Market Demand is Increasing
U.S. Vaccine Market: Snapshot The overall vaccine industry has strengthened itself in terms of its growth rate, with a relatively higher growth rate than most other healthcare market segments. Vaccination has been an invaluable addition to better public health, and has helped millions of children, adults and animals from deadly diseases. The CDC stated in a report that diseases such as diphtheria, polio, and smallpox have been fully eliminated, while measles,
M-Commerce increasing rapidly worldwide
A new report by Hamburg-based secondary research organization yStats, “Global M-Commerce 2014: Smartphones and Tablets“, covers the latest trends and developments in mobile shopping. Yücel Yelken, CEO of yStats notes that mobile shopping is transforming the retail industry worldwide, as mobile traffic to retail sites surges and the variety of products purchased on mobile grows. M-Commerce sales worldwide were estimated to top EUR 100 billion last year as the increasing
Increasing Tourist Arrivals to Phuket
A surge in tourist arrivals at Phuket International Airport in 2011 has been welcomed by many of the Islands hotels. However long passenger queues caused by extra international arrivals have been cause for concern; what measures has the airport put in place to combat these problems? According to recent statistics from Phuket International Airport, the number of passengers at the airport had reached more than 5.6 million in the first eight
08-25-2008 | Sports
Detroit Lions’ fans are increasing
The Detroit Lions are an American football team based in Detroit, Michigan. Originally based in Portsmouth, Ohio and called the Portsmouth Spartans, the team began play in 1929 as an independent professional team, one of many such teams in the Ohio and Scioto River valleys. For the 1930 season, the Spartans formally joined the National Football League (NFL) as the other area independents folded because of the Great Depression. Despite