Coiled Tubing Market 2019 is latest depth analysis report on Global Coiled Tubing Market. According to report Global Coiled Tubing Market is anticipated to prosper with a 5.37% CAGR in the forecast period of 2019 to 2023. Coiled Tubing Industry 2019 report segments market for Coiled Tubing by Service Type (Well Intervention, Drilling and others), by Application (Onshore and Offshore) and Region. Report comprises key players sales, revenue, opportunity and risk assessment, market shares, size, trends in terms of volume with regional market analysis from 2019 to 2023.
Coiled Tubing Market Key Players Analyzed In Report –
Baker Hughes (U.S.), Nabors Industries Ltd. (Bermuda), Superior Energy Services Inc. (U.S.), Weatherford International Ltd. (U.S), Halliburton Company (U.S.), Archer Limited (Bermuda), C&J Energy Services, Inc. (U.S), Calfrac Well Services Ltd. (Canada), RPC, Inc. (U.S.), Trican Well Services (Canada), Sanjel Corporation (Canada), Key Energy Services (U.S.), and Schlumberger (France)
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Coiled Tubing Market Insights:
Coiled tubing is a continuous length pipe with a smaller diameter used in oil & gas operations, well intervention operations, and drilling applications. The global coiled tubing market is anticipated to showcase exceptional growth during the forecast period, as suggested by the latest report published by Market Research Future (MRFR). As per this report, the global coiled tubing market is expected to ascend at a 5.37% CAGR by the end of 2023.
The coiled tubes are mainly used for applications such as de liquefication, circulation, pumping of sand screens or cement perforations, logging, perforations, productions, and coiled tubing drilling. Going forward, the advancements in the deep-water drilling using the coiled tubes have transparently fueled the coiled tubing market in recent times. Other factors propelling the market globally are raising demand for renewable resources, high-end exploration, production of natural gas and oil.
The global coiled tubing market is predicted to witness massive demand with a rise in the oil & gas exploration and drilling processes. The oil & gas industry is also projected to see higher investment in such exploration and drilling processes during the forecast period, hence, contributing substantially to the growth of the coiled tubing market. However, there are a few factors posing as hindrances in the global coiled tubing market such as high technological complexities.
Market Segments Analysis:
The global coiled tubing market is segmented based on service type and application.
By service type, the market is segmented into well intervention and drilling. At the beginning of the forecast period, the well intervention segment accounted for the largest share of the coiled tubing market and was valued at USD 2,603.7 million.
Based on application, the global coiled tubing market is segmented into offshore and onshore.
At the beginning of the assessment period, the global coiled tubing market to be spearheaded by the onshore segment, which was valued at USD 3,704.1 million. This valuation is anticipated to ascend to USD 5,095.6 million by the end of the review period. The onshore segment is anticipated to upscale at the fastest CAGR of 5.33% during the review period.
North America held the largest share of 49.97% in the global coiled tubing market at the beginning of the forecast period. North America is also anticipated to lead the global coiled tubing market through the forecast period. The U.S. has recently established itself as a major oil & gas producing nation outside the OPEC through continuous extraction of shale oil & gas by unconventional drilling technologies.
Asia Pacific, many market vendors are observed to direct their investments owing to vast unexplored reserves and new oil field discoveries. A prominent number of shale reservoirs are present in China, which has created a high need for coiled tubing units, in turn, creating growth opportunities in the market.
Table Of Contents:
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE:
1.3.1 GLOBAL COILED TUBING MARKET: BY PRODUCT
1.3.2 GLOBAL COILED TUBING MARKET: BY TECHNOLOGY
1.3.3 GLOBAL COILED TUBING MARKET: BY VEHICLE TYPE
1.3.5 GLOBAL COILED TUBING MARKET: BY REGION
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCHPT
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
2.4.3 MARKET CRACKDOWN & DATA TRIANGULATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 GLOBAL COILED TUBING MARKET
6.2 MARKET STATISTICS
LIST OF TABLES:
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 TABLE 1: SHALE GAS PRODUCTION BY COUNTRY, 2015
TABLE 3 SERVICE TYPE MARKET ESTIMATES & FORECAST, BY REGION, 2018–2023 (USD MILLION)
TABLE 4 APPLICATION MARKET ESTIMATES & FORECAST, BY REGION, 2018–2023 (USD MILLION)
TABLE 5 GLOBAL COILED TUBING MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 6 NORTH AMERICA: COILED TUBING MARKET, BY COUNTRY, 2014-2023 (USD MILLION)
TABLE 7 NORTH AMERICA: COILED TUBING MARKET, BY SERVICE TYPE, 2016–2023 (USD MILLION
LIST OF FIGURES:
FIGURE 1 MARKET SYNOPSIS
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL COILED TUBING MARKET
FIGURE 3 GLOBAL COILED TUBING MARKET ANALYSIS BY SERVICE TYPE
FIGURE 4 GLOBAL COILED TUBING MARKET ANALYSIS BY APPLICATION
FIGURE 5 GLOBAL COILED TUBING MARKET ANALYSIS BY REGION
FIGURE 6 GLOBAL COILED TUBING MARKET: MARKET STRUCTURE
FIGURE 7 KEY BUYING CRITERIA OF COILED TUBING
FIGURE 8 RESEARCH PROCESS OF MRFR
FIGURE 9 TOP DOWN & BOTTOM UP APPROACH
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