This report studies the global Coiled Tubing Services market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Coiled Tubing Services market by companies, region, type and end-use industry.
Coiled tubing refers to a continuous length of small-diameter steel pipe and related surface equipment as well as associated drilling, completion and workover, or remediation, techniques. Coiled tubing oilfield technology was initially developed for working on live, producing wells.
Coiled tubing technology is frequently used to deploy tools and materials through production tubing or casing while remedial work is performed on producing wells. Coiled tubing fulfills three key requirements for downhole operations on live wells by providing a dynamic seal between the formation pressure and the surface, a continuous conduit for fluid conveyance and a method for running this conduit in and out of a pressurized well.
Coiled tubing strength and rigidity, combined with its capability to circulate treatment fluids, offer distinct advantages in workover operations. In addition to drilling and completion operations, oil and gas companies are using coiled tubing to help fish for lost equipment and for conveying well logging tools.
Rise in exploration & production activities globally is anticipated to boost the market over the forecast period. Mounting demand for the oil and gas in transportation, power production, and other application activities, had led to the growth in the consumption of primary energy sources.
The global market is moderately consolidated. It experiences the presence of giant and large number of key industry participants across the value chain. Major companies operating in the market comprises of multinational conglomerates which includes E&P companies, individual equipment & oilfield service corporations, microseismic and proppants companies. The key players are Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, Superior Energy, Archer, Calfrac Well Services, Cudd Energy Services (RPC), National Oilwell Varco, Pioneer Energy Services, PT Elnusa Tbk, Legend Energy, Smape S.r.l., Jereh Group and so on.
The market is growing at a very rapid pace and with rise in technological innovation, competition and M&A activities in the industry many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
In 2017, the global Coiled Tubing Services market size was 3510 million US$ and it is expected to reach 6240 million US$ by the end of 2025, with a CAGR of 7.5% during 2018-2025.
This report focuses on the global top players, covered
Baker Hughes (GE)
Calfrac Well Services
Cudd Energy Services (RPC)
National Oilwell Varco
Pioneer Energy Services
PT Elnusa Tbk
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Market segment by Application, split into
Table of Contents
Global Coiled Tubing Services Market Size, Status and Forecast 2025
1 Industry Overview of Coiled Tubing Services
1.1 Coiled Tubing Services Market Overview
1.1.1 Coiled Tubing Services Product Scope
1.1.2 Market Status and Outlook
1.2 Global Coiled Tubing Services Market Size and Analysis by Regions (2013-2018)
1.2.1 United States
1.2.5 Southeast Asia
1.3 Coiled Tubing Services Market by Type
1.3.1 Well Intervention
1.4 Coiled Tubing Services Market by End Users/Application
2 Global Coiled Tubing Services Competition Analysis by Players
2.1 Coiled Tubing Services Market Size (Value) by Players (2013-2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.3 Baker Hughes (GE)
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.5 Superior Energy
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.7 Calfrac Well Services
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.8 Cudd Energy Services (RPC)
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.9 National Oilwell Varco
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.10 Pioneer Energy Services
3.10.1 Company Profile
3.10.2 Main Business/Business Overview
3.10.3 Products, Services and Solutions
3.10.4 Coiled Tubing Services Revenue (Million USD) (2013-2018)
3.11 PT Elnusa Tbk
3.12 Legend Energy
3.13 Smape S.r.l.
3.14 Jereh Group
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