The global coiled tubing market size is projected to reach USD 5.4 billion by 2024, from an estimated USD 3.8 billion in 2019, growing at a CAGR of +7.1% during the forecast period.
Coiled Tubing are used in oil and gas fields primarily for well interventions in oil and gas wells. Fluctuations in the crude oil process are affecting the oil services market. However, prices have recovered in recent years, which is driving the oil and gas industry even further. In addition, oilfield services offer full support to exploration and production companies by delivering various operations that include drilling, completion, production, supply and logistic support in applications both on the high seas and on land. The growing number of shale gas exploration activities and increasing drilling activities worldwide are driving the Coiled Tubing service market.
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A spiral tube (CT) refers to a long metal tube, which is normally used in oil and gas fields for well interventions or, sometimes, as a production tube in depleted oil and gas wells. The Coiled Tubing are made of very low alloy carbon steel and are used during the oil recovery and completion phase. With the large number of oil fields that mature, the global production of oil volumes has decreased and companies in the exploration process need high performance products. The use of Coiled Tubing has many advantages, such as small travel times, less labor intensive and others.
The major players in the global coiled tubing market are Halliburton (US), Schlumberger (US), BHGE (US), Weatherford (US), C&J Energy Services (US), Superior Energy Services (US), Trican (Canada), Altus Intervention (Norway), National Energy Services Reunited (US), Sahara Petroleum Services Company (Egypt), RPC Inc. (US), Basic Energy Services (US), Oceaneering International (US), STEP Energy Services (Canada), Calfrac Well Services (Canada), Key Energy Services (US), Nine Energy Services (US), Pioneer Energy Services (US), Legend Energy Services (US), and Oilserv (UAE).
Based on Service:
Based on the Application:
Based on the Fleet:
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Table of Content
- Well Cleaning & Pumping Operations
- Well Completions & Mechanical Operations
Chapter 1 Global Coiled Tubing
Chapter 2 Global Economic Impact on Coiled Tubing
Chapter 3 Global Coiled Tubing
Market Competition by Manufacturers
Chapter 4 Global Coiled Tubing
Production, Revenue (Value) by Region (2012-2018)
Chapter 5 Global Coiled Tubing
Supply (Production), Consumption, Export, Import by Regions (2012-2018)
Chapter 6 Global Coiled Tubing
Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Coiled Tubing
Market Analysis by Application
Chapter 8 Coiled Tubing
Manufacturing Cost Analysis
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