Global Coiled Tubing Services Market Size, Status and Forecast 2019-2025 (Includes Business Impact of COVID-19)

  • TBI316942
  • September 18, 2019
  • Global
  • 139 pages
  • TSCIR
                                          

Abstract, Snapshot, Market Analysis & Market Definition: World Coiled Tubing Services Market

Coiled tubing refers to a continuous length of small-diameter steel pipe and related surface equipment as well as associated drilling, completion and workover, or remediation, techniques. Coiled tubing oilfield technology was initially developed for working on live, producing wells.Coiled tubing technology is frequently used to deploy tools and materials through production tubing or casing while remedial work is performed on producing wells. Coiled tubing fulfills three key requirements for downhole operations on live wells by providing a dynamic seal between the formation pressure and the surface, a continuous conduit for fluid conveyance and a method for running this conduit in and out of a pressurized well.Coiled tubing strength and rigidity, combined with its capability to circulate treatment fluids, offer distinct advantages in workover operations. In addition to drilling and completion operations, oil and gas companies are using coiled tubing to help fish for lost equipment and for conveying well logging tools.Rise in exploration & production activities globally is anticipated to boost the market over the forecast period. Mounting demand for the oil and gas in transportation, power production, and other application activities, had led to the growth in the consumption of primary energy sources.The global market is moderately consolidated. It experiences the presence of giant and large number of key industry participants across the value chain. Major companies operating in the market comprises of multinational conglomerates which includes E&P companies, individual equipment & oilfield service corporations, microseismic and proppants companies. The key players are Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, Superior Energy, Archer, Calfrac Well Services, Cudd Energy Services (RPC), National Oilwell Varco, Pioneer Energy Services, PT Elnusa Tbk, Legend Energy, Smape S.r.l., Jereh Group and so on.The market is growing at a very rapid pace and with rise in technological innovation, competition and M&A activities in the industry many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration.Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions' unfair methods of competition.Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field. In 2018, the global Coiled Tubing Services market size was 3770 million US$ and it is expected to reach 6238.3 million US$ by the end of 2025, with a CAGR of 7.5% during 2019-2025.This report focuses on the global Coiled Tubing Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Coiled Tubing Services development in United States, Europe and China

Market Segmentation, Outlook & Viewpoint: World Coiled Tubing Services Market

Segmentation by Product Type: Breakdown of data from the year 2014 to 2019 and forecast until 2025: Well Intervention Drilling Others Segmentation by Application: Breakdown of data from the year 2014 to 2019 and forecast until 2025: Onshore Offshore

Top Companies & Key Players: World Coiled Tubing Services Market

Schlumberger Halliburton Baker Hughes (GE) Weatherford Superior Energy Archer Calfrac Well Services Cudd Energy Services (RPC) National Oilwell Varco Pioneer Energy Services PT Elnusa Tbk Legend Energy Smape S.r.l. Jereh Group

Key Insights Covered: World Coiled Tubing Services Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue, and growth rate) of Coiled Tubing Services industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate, and gross margin) of Coiled Tubing Services industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue, and growth rate) of Coiled Tubing Services industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Coiled Tubing Services industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Coiled Tubing Services industry.

Research Methodology: Global Coiled Tubing Services Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

 1 Report Overview    1.1 Study Scope    1.2 Key Market Segments    1.3 Players Covered    1.4 Market Analysis by Type
1.4.1 Global Coiled Tubing Services Market Size Growth Rate by Type (2014-2025)
1.4.2 Well Intervention
1.4.3 Drilling
1.4.4 Others    1.5 Market by Application
1.5.1 Global Coiled Tubing Services Market Share by Application (2014-2025)
1.5.2 Onshore
1.5.3 Offshore    1.6 Study Objectives    1.7 Years Considered2 Global Growth Trends    2.1 Coiled Tubing Services Market Size    
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