Global Coiled Tubing Market Size, Status and Forecast 2020-2026
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.
Market Analysis and Insights: Global Coiled Tubing Market
In 2019, the global Coiled Tubing market size was US$ 3860 million and it is expected to reach US$ 5104.2 million by the end of 2026, with a CAGR of 4.0% during 2021-2026.
Global Coiled Tubing Scope and Market Size
Coiled Tubing market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Coiled Tubing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Coiled Tubing market is segmented into Gas, Oil, etc.
Segment by Application, the Coiled Tubing market is segmented into Well Intervention (Well Completion & Well Cleaning), Drilling, etc.
Regional and Country-level Analysis
The Coiled Tubing market is analysed and market size information is provided by regions (countries).
The key regions covered in the Coiled Tubing market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Coiled Tubing market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Coiled Tubing business, the date to enter into the Coiled Tubing market, Coiled Tubing product introduction, recent developments, etc.
The major vendors include GE(Baker Hughes), Halliburton Co., Nabors Industries Ltd., Superior Energy Services Inc., Weatherford International Ltd., Archer Limited, C&J Energy Services, Calfrac Well Services Ltd., RPC, Trican, Sanjel Corporation, etc.
This report focuses on the global Coiled Tubing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Coiled Tubing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
GE(Baker Hughes)
Halliburton Co.
Nabors Industries Ltd.
Superior Energy Services Inc.
Weatherford International Ltd.
Archer Limited
C&J Energy Services
Calfrac Well Services Ltd.
RPC
Trican
Sanjel Corporation
Gas
Oil
Well Intervention (Well Completion & Well Cleaning)
Drilling
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
To analyze global Coiled Tubing status, future forecast, growth opportunity, key market and key players.
To present the Coiled Tubing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Coiled Tubing are as follows:
History Year: 2015-2019
2019
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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.
Market Analysis and Insights: Global Coiled Tubing Market
In 2019, the global Coiled Tubing market size was US$ 3860 million and it is expected to reach US$ 5104.2 million by the end of 2026, with a CAGR of 4.0% during 2021-2026.
Global Coiled Tubing Scope and Market Size
Coiled Tubing market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Coiled Tubing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Coiled Tubing market is segmented into Gas, Oil, etc.
Segment by Application, the Coiled Tubing market is segmented into Well Intervention (Well Completion & Well Cleaning), Drilling, etc.
Regional and Country-level Analysis
The Coiled Tubing market is analysed and market size information is provided by regions (countries).
The key regions covered in the Coiled Tubing market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscape
and Coiled Tubing Market Share AnalysisCoiled Tubing market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Coiled Tubing business, the date to enter into the Coiled Tubing market, Coiled Tubing product introduction, recent developments, etc.
The major vendors include GE(Baker Hughes), Halliburton Co., Nabors Industries Ltd., Superior Energy Services Inc., Weatherford International Ltd., Archer Limited, C&J Energy Services, Calfrac Well Services Ltd., RPC, Trican, Sanjel Corporation, etc.
This report focuses on the global Coiled Tubing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Coiled Tubing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
GE(Baker Hughes)
Halliburton Co.
Nabors Industries Ltd.
Superior Energy Services Inc.
Weatherford International Ltd.
Archer Limited
C&J Energy Services
Calfrac Well Services Ltd.
RPC
Trican
Sanjel Corporation
Market segment by Type, the product can be split into
Gas
Oil
Market segment by Application, split into
Well Intervention (Well Completion & Well Cleaning)
Drilling
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Coiled Tubing status, future forecast, growth opportunity, key market and key players.
To present the Coiled Tubing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Coiled Tubing are as follows:
History Year: 2015-2019
Base Year:
2019Estimated Year:
2020Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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