According to the new market research report by IndustryARC titled “Coiled
Tubing Market: By Service (Well Intervention & Production,
Drilling); By Operation (Circulation, Pumping, Logging, Perforation and Others)
& By Geography- Forecast(2018-2023)”, the market is driven by the
increasing focus on the natural gas production.
Americas dominates the Coiled Tubing Market during the
forecast period
Americas has a major share in the Coiled Tubing Market due to growing
oil and gas refineries in the region. It is expected to generate a revenue of
$2.49 billion by 2023 with a CAGR of 3.63%. Well intervention and production
services through coiled tubing will dominate the Coiled Tubing Market during
the forecast period. The shutdown of active regions in the region also bolsters
the demand for coiled tubing. The adoption of advanced techniques of the oil
and gas extraction from the shale reserves such as horizontal drilling,
acidizing and simulation, will drive the growth of the market.
Middle Eastern and African countries are expected to be the fastest
growing regions during the forecast period. Middle East has the largest reserve
of 802.85 billion barrels which makes it the largest producer of crude oil, while
Africa accounted for 128.04 billion barrels in 2015.
Coiled Tubing Market Analysis done in the full Report:
Coiled tubing is used in the circulation of chemicals and water for
removing sand or filling from a well bore which blocks the fluid flow through
the bore, declining oil and gas production. The fill material which is
deposited in the bore wells may contain sands, fines, gravel pack failures,
etc.. In conventional circulation, fluid is circulated at high pressure through
a nozzle which is attached to the end of the coiled tubing string. This fluid
at high pressure drags entrains the depositions and is sent out through the
well bore production annulus. In reverse circulation, the fluids are pumped
through the production annulus and the fill materials are sent out through the
coiled tubing string. This technique is used for removing huge quantities of
sand from the well bore.
Talk to one
of our sales representative about the Coiled
Tubing Market report by providing your details in the link below:
Excerpts on Coiled Tubing Market Growth Factors
- The
growing demand for energy and recoverable resources drives the growth of
the coiled tubing tools.
- Fluctuation in crude oil prices leads to
a rising demand for cost effective intervention methods, which enhances
the demand for CT services.
- Unconventional hydrocarbon recovery
enhances the growth of CT technology.
- Increasingly
deviated drilling trajectories are set to drive the Coiled Tubing
Market.
Key players of the Coiled Tubing Market
The top companies of the Coiled Tubing Market include Schlumberger Ltd,
Halliburton Co, Baker Hughes Inc, Superior Energy, Cudd Pressure Control, Key
Energy Services, and Calfrac Well Services. Schlumberger consists of principal
technologies involved in drilling and positioning of oil and gas wells.
Halliburton Co has launched SpectrumSM Real-Time Coiled Tubing Services. Baker
Hughes provides intervention solutions that can manage costs and reduce risks
by permanent monitoring and intelligent production systems. Key Energy Services
provides transportation, well site storage services, and disposal services for
fluids.
To access Coiled Tubing Market report,
browse the link below:
Coiled Tubing Market is segmented as below
Growing oil and gas industry enhances the demand for the Coiled Tubing
Market in the coming years.
A. Coiled Tubing Market By Services
1. Introduction
2. Well Intervention
& Production
3. Drilling
4. Others
B. Coiled Tubing Market By Operations
1. Introduction
2. Circulation
3. Pumping
4. Logging
5. Perforation
6. Others
C. Coiled Tubing Market By Geography(covers 12+ countries)
D. Coiled Tubing Market By Market Entropy
Companies
Citied / Interviewed in Coiled Tubing
Market
1. ARCHER LIMITED
2. BAKER HUGHES INC
3. CUDD ENERGY SERVICES
4. CALFRAC WELL
SERVICES LTD
5. SUPERIOR ENERGY
SERVICES
6. SCHLUMBERGER LIMITED
7. SURGUTNEFTEGAZ OAO
8. HALLIBURTON COMPANY
9. KEY ENERGY SERVICES
10. ESSENTIAL ENERGY SERVICES
Related
Report:
A. Retail Oil
and Gas Equipment Market
B.
DIN Rail Power Supply Market
What can you expect from the report?
The Coiled Tubing Market Report is Prepared with the Main Agenda to
Cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country
level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
Landscape Analysis
9. Mergers & Acquisition
Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application
based reports in Coiled Tubing segment?
Response: Yes, we do have separate reports as mentioned below:
1.
Americas Coiled Tubing Market Report (2018-2023)
2.
Europe Coiled Tubing Market Trends (2018-2023)
3. Asia Pacific Coiled Tubing Market
Analysis (2018-2023)
Q. Does IndustryARC provide customized reports and
charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data
from our database of reports and annual subscription databases. We can provide
the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which
are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking,
value and supply chain analysis can be requested for a country or end use
segment.
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting
services.
To request for a proposal, provide your details in the below link:
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC:
IndustryARC is a Research and
Consulting Firm that publishes more than 500 reports annually, in various
industries such as Agriculture, Automotive, Automation & Instrumentation,
Chemicals and Materials, Energy and Power, Electronics, Food & Beverages,
Information Technology, Life sciences & Healthcare.
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