Coiled Tubing (CT) is a cost effective solution for numerous well workover and intervention applications, which can continuously circulate through the tubing, and the CT pressure control equipment used in treating live wells. The tool string at the bottom of the coil is called as Bottom Hole Assembly (BHA). It can be a simple jetting nozzle to pump chemicals or cement through the coil or large string of logging tools. The coiled tube is straightened before being inserted into a wellbore and is re-spooled back onto the reel after completion of the operation in the wellbore. Key coiled tubing service categories include well intervention services, including well completion &well cleaning, and CT drilling among others. Some of the key uses of CT include circulation, pumping, logging, perforation, and production.
Potential increase in recoverable resources and increased exploration, production, and completion activities are the most important drivers for the coiled tubing services market. CT services are used to enhance both oil and natural gas production, while these services are necessary for any type of well to complete it and enhance production. Increasing focus toward natural gas production also require coiled tubing services.
The global Coiled Tubing market was 3950 million US$ in 2020 and is expected to 6480 million US$ by the end of 2025, growing at a CAGR of 6.4% between 2020 and 2025.
The report offers detailed coverage of Coiled Tubing industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Coiled Tubing by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Coiled Tubing market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Coiled Tubing market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Baker Hughes
Halliburton Co.
Nabors Industries Ltd.
Superior Energy Services Inc.
Weatherford International Ltd.
Archer Limited
C&J Energy Services, Inc.
Calfrac Well Services Ltd.
RPC, Inc.
Trican
Sanjel Corporation
By the product type, the market is primarily split into
Gas
Oil
By the end users/application, this report covers the following segments
Well Intervention (Well Completion & Well Cleaning)
Drilling
At the same time, we classify Coiled Tubing according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Coiled Tubing market for the forecast period 2020 - 2025?
• What are the driving forces in the Coiled Tubing market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Coiled Tubing industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?