The global coil tubing market size is valued at USD 3.25 billion in 2019 and is expected to expand at a significant CAGR of 4% from 2019 to 2025. Well intervention services are a key factor driving growth. The main advantage of coiled tubing over wired is that since electrons do not depend on gravity, chemicals can be pumped into wells of very variably wells through product use. The need to maximize oil and gas production in well-developed wells is expected to play a key role in driving market growth.
A full report of Coiled Tubing Market is available at: https://www.orionmarketreports.com/coiled-tubing-market/30976/
Coiled Tubing Market: Market Participants
• Halliburton Co
• Baker Hughes Inc.
• Weatherford International
• Superior Energy Services Inc.
• Nabors Industries
• Archer Limited
• C&J Energy Services
• Trican Well Services Ltd
• Calfrac Well Services Ltd
• RPC Inc.
Global Coiled Tubing Market Segmentation
Based on service:
• Well intervention
• Well Cleaning & Pumping Operations
• Well Completions & Mechanical Operations
• Drilling Service
• Others (Fishing, fracturing, wireline logging, and inspection)
Based on the application:
• Onshore
• Offshore
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Coiled Tubing Market Report
• What was the Coiled Tubing Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Coiled Tubing Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Coiled Tubing Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
