The
market report titled Coiled Tubing in Oil and Gas market has been recently added by Absolute Markets
Insights to its extensive repository and the data can be used to gain
penetrative insights into the businesses. The case study thus addresses the
present market scenario and historical developments of the market. The global Coiled
Tubing in Oil and Gas sector has been scrutinized with regards to key elements
such as products or services, applications, end-users, and technologies.
Moreover, the case study has been gauged on the basis of primary and secondary
research methodologies.
Competitive Outlook: Baker Hughes
Inc., Halliburton Co., Nabors Industries Ltd (Bermuda), Schlumberger,
Weatherford International Inc., C & J Energy Services, Inc., Calfrac Well
Services Ltd, Archer Limited, Key Energy Services Inc., RPC Inc., Trican Well
Service Ltd, amongst others
The global coiled tubing in oil
& gas market was valued at US$ 3465.6 Mn in 2020 and is expected to reach
US$ 4800.0+ Mn by 2030.
Get Full Information of this premium report: https://www.absolutemarketsinsights.com/reports/Coiled-Tubing-in-Oil-and-Gas-Market-2018-2026-66
Coiled Tubing in Oil &
Gas Market, by Services
By services, coiled tubing in oil
and gas market is bifurcated into well intervention, well completion, well
cleaning, drilling, others. Mounting demand of these services is projected to
drive the global coiled tubing market in future. Among which demand for well
intervention services is increasing. Well intervention services are rendered to
prevent unanticipated problems in the on-going production operations. Problems
such as variations in production characteristics, failure of mechanical
equipment, plugging and increases in injection pressure are handled by these
services. These services aim to improve production from an oil well and are
carried out during the whole life of an oil well.
Coiled Tubing in Oil &
Gas Market, by Region
On the regional front North America
is projected to be the largest market for coiled tubing as awareness regarding
benefits of this technology is increasing as well as other world markets are
likely to increase their demand for coiled tubing. United States is considered
to be the ground for new technology, with a consequential large build-up of
coiled tubing units. Furthermore, the coiled tubing services market in the
United States is primarily driven by increased drilling activities, new
offshore projects and redevelopment of matured fields.
Coiled Tubing Market:
By Service: Well Intervention & Production, Drilling, Perforating,
Fracturing, Engineering Services, Milling Services, Nitrogen services and
others.
By Operation: Circulation, Pumping, Logging, Perforation, Milling and
Others.
By Location: On-Shore, Off-Shore.
By Application: Wellbore Cleanouts, Electrical Submersible Pump Cable Conduit,
Fracturing, Pipeline Cleanout, Fishing, Cementing, Nitrogen Jetting and others.
By End user: Oil and Gas Industry, Engineering Procurement and
Construction Industry and others.
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