Press release
Global Coiled Tubing Services Market Expected To Reach at a CAGR of 4.00% by Revenue During the Period 2017-2021
Market Research Report
About Coiled Tubing Services
A coiled tubing operation is performed through drilling derrick on an oil platform, which is used to back the surface equipment. Although on platforms with no drilling facilities a self-supporting tower can be utilized. For coiled tubing operations on sub-sea wells, mobile offshore drilling units (MODUS) such as drillship, semi-submersible, etc. must be used to support all the personnel and surface equipment, whereas wireline can be carried out from a lesser and inexpensive intervention vessel. Onshore, wirelines can be run using smaller service rigs, and for light operations, a mobile, self-contained coiled tubing rig can be employed.
Technavios analysts forecast the global coiled tubing services market to grow at a CAGR of 4.00% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global coiled tubing services market for 2017-2021. To calculate the market size, the report considers the new volume of coiled tubing units and excludes aftermarket services.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Coiled Tubing Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Archer
Baker Hughes
Halliburton
Schlumberger
Superior Energy Services
Other prominent vendors
C&J Energy Services
Calfrac Well Services
Cudd Energy Services
Essential Energy Services
Key Energy Services
Nabors Industries
RPC
Trican Well Service
Weatherford
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Market driver
Rising global oil and gas demand
For a full, detailed list, view our report
Market challenge
Decline in oil rig count
For a full, detailed list, view our report
Market trend
Changing business models and portfolios
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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