global-coiled-tubing-market Global Coiled Tubing Market

customer service software
0

Global Coiled Tubing Market

  • Published Date: 05 Nov 2018
  • Number of Pages: 176
  • Category: Energy and Utilities
  • Country: Global
Coiled tubing is used for upstream activities in the Oil and Gas industry. It is a coiled and lengthy tubular product used in oil and gas well operations. It also finds use in pumping of nitrogen, well clean outs and as production tubing in depleted gas wells. Coiled tubing services are classified into 3 type of services - Well Intervention Services, Drilling Services and other services. The Coiled Tube market, by service, is projected to grow at a CAGR of 6-7% to $4.4 Billion by 2020.

Market Dynamics

Using coiled tubing in oil and gas industry operations has several advantages ranging from quicker trip times, contained well pressure and lower personnel requirement. With more & more investments being channelled towards the E&P Industry, it is all set to grow at a rapid pace. Also, with the development of deep water and offshore drilling markets picking up, demand for coiled tubing is also increasing. Other major driver is the extensive shale gas exploration and drilling activities all over the world. Other primary growth drivers include redevelopment of mature fields and discovery of the new reserves.The demand for such coiled tubings in the near future is sure shot to sustain, and increasing shale gas projects are the major drivers of this market. Oil reserves in mature fields are declining steeply and are a major concern among the production companies and service providers. The decline in oil & gas production, increasing operating costs, and challenges due to aging facilities are also responsible behind the boost in the Coiled Tube market across the world.

Market Segment

The coiled tubing market, as discussed above is segmented based on the kind of service into 3- well intervention services, drilling services and other services.

Well intervention services includes well cleaning and well completion services like -fishing, logging, acid & chemical treatment,removal of sand, wax, and other plugs , perforation, fracturing, scale removal, nitrogen pumping, high-pressure jet washing, and others. The major advantage of Coiling Tube technology over conventional technologies is its increased operational speed in a well and its ability to safely work on a live well without having to kill it.

Geography Analysis

Currently, North America is the largest market for coiled tubing both in terms of active fleet count as well as value. The region accounted for almost half of the total revenue in 2013. In North America, the U.S. has a major share of around 59% of the active fleet count in 2013. This growth of ultra-deep coiled tube services can be attributed to the increase in shale activities in the region.

U.S. coiled tubing market revenue by services, 2014 - 2025 (USD Million)

In the recent years, scope of business has expanded in areas like Asia Pacific, Europe and the Middle Eastern regions as well. However, with the slowdown in demand from North-America, the overall industry growth curve is expected to remain unchanged.

Market Players

Few of the key players in the industry are :

--> Schlumberger Ltd

--> Halliburton Co

--> Trican Well Services Ltd

--> Superior Energy Services Inc

--> Calfrac Well Services Ltd

--> Baker Hughes Inc.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

Global Solar Control Window Films Market is valued approximately USD 486.35 million in 2017 and is anticipated to grow with a healthy growth rate of more than 9.1% over the

View Report

Abstract: The Southeast Asia Mobile Power market size is $XX million USD in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million USD by

View Report

Abstract: The Southeast Asia Alkaline Battery market size is $XX million USD in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million USD by

View Report
There is no reviews available for this report

Select License Type

Delivery Details

Delivery Details : Electronic files (PDF) of market research reports will dispatched within 12 to 24 hours. (Mon-Fri IST)

Customized Report

If a particular report is not as per your requirement you can ‎choose "Customized Report". To visit -

Cick Here