Oil & Gas industry employs coiled tubing for cost- and time-effective solution of well intervention and drilling operations. The coiled tubing is an incessant length of composite tubing that is supple enough to be coiled on a huge roll for conveyance. Escalating demand for recoverable resources and augmented exploration, production, and completion activities are the key drivers that propel the growth in the coiled tubing services market. CT services are used to enhance both oil and natural gas production; hence, increasing focus on natural gas production is another main driver for the CT services to grow.
The market for coiled tubing can be divided into well intervention, drilling and production services based on the service type being deployed in the industry. Well intervention services can be segmented into well cleaning and well completion services. Rising demand of these services is projected to drive the global coil tubing market in future. Some of the operations that this industry caters to are circulation, perforation, logging, pumping and others.
Increasing shale gas undertakings alongside expansion of Oil and Gas ventures would relatively reduce the impact of the steep decline in the Oil reserves in established fields. The coiled tubing market is getting its market share mainly from four regions they are North America, Europe, APAC, and RoW.
The American region remains the largest market for coiled tubing, followed by Europe, Asia-Pacific, and the Middle East in 2015. The recent shale gas expansions in the U.S have drove the explorations events in this region, thereby increasing the market for CT services. The Middle East and Africa market remains to be a key growing area due to cumulative demand from innovative technology in the oil & gas industry coupled with new investments. The development of new fields in this region also delivers a thrust, thereby propelling the coiled tubing market in these regions.
Upcoming developments in offshore drilling and immense shale exploration and production activities are high-prospect areas for the coiled tubing market. Mounting demand for energy and growing spending on exploration & production are key growth drivers for the CT market.
North America is expected to continue its dominance in the coiled tubing market in 2016 as well. This supremacy is seen largely due to constant and huge increase in the U.S. exploration and production activities.
Some of the key players profiled in the report include:
Baker Hughes Inc. (The U.S.)
Halliburton Corp. (The U.S.)
Schlumberger ltd. (The U.S.)
Weatherford International Ltd. (The U.S.) to name among a few others.
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2. Executive Summary
3. Coiled Tubing Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End user Profiling
3.2.3. Top 5 Financials Analysis
4. Coiled Tubing Market Forces
4.1. Market Drivers
4.2. Market Constraints & Challenges
4.3. Attractiveness of the coiled tubing Industry
4.3.1. Power of Suppliers
4.3.2. Threats From New Entrants
4.3.3. Power of Buyer
4.3.4. Threat From Substitute Product
4.3.5. Degree of Competition
5. Coiled Tubing Market Strategic Analysis
5.1. Coiled Tubing Market - Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunity Analysis
5.4. Product Life Cycle
5.5. Suppliers and Distributors
5.6. SWOT Analysis
6. Coiled Tubing Market- By Services
6.2. Well Intervention
7. Coiled Tubing Market- By Oeration
8. Coiled Tubing Market-By Geography
8.4. Rest of The World (RoW)
8.4.1. Middle East
9. Coiled Tubing Market Market-Entropy
9.1. New Product Developments
9.2. Mergers and Acquisitions
10. Company Profiles
10.1. Archer Limited
10.2. Baker Hughes Inc.
10.3. Basic Energy Services
10.4. C&J Energy Services
10.5. Chris Mechanical Services Ltd.
10.6. Crostek corp.
10.7. Essential Energy Services
10.8. Freemyer Industrial Pressure LP
10.9. Global Tubing
10.10. Halliburton corp.
10.11. INOXCVA - Cryogenic Vessel Alternatives Inc.
10.12. Integral Oilfield Solutions.
10.13. Interwell Norway.
10.14. JB Well Solutions AS
10.15. KOLLER Maschinen- und Anlagenbau GmbH
10.16. McCoy Trailers
10.17. Tucker Energy Services
10.18. Viking Services
10.19. Weatherford International Ltd.
10.20. Webco Tubing Ltd.
10.21. Well Innovations AS
10.22. NOV Quality Tubing
10.23. NOV Texas Oil Tools
10.24. Owen Oil Tools - A Division of Core Lab
10.25. Peerless Custom Coiled Tubing Trailers
10.26. Rike Service Inc.
10.27. Rosen Inspection Technologies
10.28. Spooltech LLC.
10.29. Stewart and Stevenson
10.31. Torqued-Up Energy Services
*More than 10 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"