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:

Well intervention
  • Well Cleaning & Pumping Operations
  • Well Completions & Mechanical Operations
Drilling Service Others Based on the Application:
  • Onshore
  • Offshore
Based on the Fleet:
  • Region
  • Operator
Get a massive discount on this report: Table of Content Chapter 1 Global Coiled Tubing Market Overview Chapter 2 Global Economic Impact on Coiled Tubing Industry 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 To continue….. About Us: Market Research Inc is farsighted in its view and covers massive ground in Global research. Local or Global, we keep a close check on both markets. Trends and concurrent assessments sometimes overlap and influence the other.  When we say market intelligence, we mean a deep and well-informed insight into your products, market, marketing, competitors, and customers. Market research companies are leading the way in nurturing Global thought leadership. We help your product/service become the best they can with our informed approach. Contact Us: Author Kevin US Address: 51 Yerba Buena Lane, Ground Suite, Inner Sunset San Francisco, CA 94103, USA Call Us: +1 (628) 225 1818 Email: