Coiled Tubing Market Analysis Research Report 2019 – Global Industry Forecast to 2023, is latest published report on Global Coiled Tubing Industry Analysis. Global Coiled Tubing Market Flourishes Relentlessly; Asserts MRFR Unleashing Industry Forecast Up To 2023. Coiled Tubing Market is segmented by Service Type (Well Intervention, Drilling and others), by Application (Onshore and Offshore) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America). Global Coiled Tubing Market to rise at 5.37% by 2023.
The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
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Key Companies Analyzed:
The significant contenders in the coiled tubing market are Halliburton (US), Weatherford (US), Calfrac Well Services Ltd (Canada), Schlumberger (US), Nabors Industries Ltd (UK), C&J Energy Services, Inc (US), Trican (Canada), RPC Inc (US), Baker Hughes, a GE Company LLC (US), Step Energy Services Ltd (US), and Key Energy Services Inc (US) to name a few.
Coiled Tubing Market Overview:
The incremental demand for electricity globally is increasing the demand for coiled tubing around the world. Reports that examine the energy and power industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is anticipated to be bolstered by a 5.37% CAGR and revenues worth USD 7,091.2 million in the forecast period.
The rise in oil and gas production has further improved the development of the coiled tubing market. Moreover, the increased need for pumping chemical that can help in removing oils from wells is expected to encourage the market in the coming period.
Market Segmentation:
The segmentation study of the coiled tubing market has been segmented based on material, service type, application, and region. Based on material, the coiled tubing market is segmented into application, service type, and region.
Based on service type, the coiled tubing market has been segmented into drilling, well intervention, and others. The well intervention segment is controlling the market owing to the growing number of old wells.
Based on the application, the coiled tubing market has been divided into onshore and offshore. The onshore segment is found to be controlling a bigger share of the market in 2018, as it is more attainable and lucrative as compared to the offshore application due to the usage of minor service rigs and mobile, self-contained coiled tubing rig for light processes.
Regional Analysis:
The regional analysis of the coiled tubing market includes regions such as North America, Middle East & Africa, Asia Pacific, Europe, and South America. In the Asia Pacific region, the chief coiled tubing businesses are concentrating on this region owing to its massive uncharted reserves and novel oil field discoveries. Moreover, a huge number of shale reservoirs that are existing in China which need a higher quantity of coiled tubing units, are creating openings for the coiled tubing services market. Furthermore, a conducive political environment, clear regulatory structure, considerable hydrocarbon reserves, along with the high demand for oil and gas is making the Asia Pacific region an appealing market for foreign investment.
Competitive Analysis:
The market is being defined by the driving forces that are exerting an authoritative influence. The improvements in the extraction of natural resources are further reinforcing market expansion. The development of alternative raw material sources is expected to further address the supply demands in the market. The fluxes in the currency are projected to steady and therefore leave a favorable effect on the market. The advancement of investment into physical capital is anticipated to reinforce the market’s expansion in the forecast period. The upgrading of the production facilities is anticipated further the market’s growth pace in the coming years. Moreover, breakthroughs in technology are expected to exert a positive influence on the development of the market. The impact of governmental plans is inspiring additional progress in the market. The improvements in the logistic chain are expected to create favorable prospects for growth in the coming period.
Industry Updates:
Aug 2019 Woodside Energy, an Australia-based company has awarded Halliburton nine provisional contracts for drilling and completion facilities for Senegal’s primary Deepwater offshore oil development. The contracts bestowed consist of coiled tubing and well-testing services, logging, drilling, cementing, e-line/slick line, and lower completions.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Coiled Tubing Motor Market, By Type
Continued…
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)
TABLE 8 NORTH AMERICA: COILED TUBING MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 9 US: COILED TUBING MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
Continued…
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