The global coiled tubing market size is expected to reach USD 4.60 billion by 2028 according to this new study. The report “Coiled Tubing Market Share, Size, Trends, Industry Analysis Report, By Operation (Pumping, Circulation, Logging); By Location (Onshore, Offshore); By Application; By Region; Segments & Forecast, 2021-2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Significant growth in demand for energy, increasing industrialization, and rising demand for horizontal drilling are major factors driving the growth of the industry. The demand for the product is increasing owing to supportive government initiatives, and a favorable regulatory framework.
Onshore deployment was the industry leader with the largest revenue contribution with escalating demand for on-location deployment of units. However, the offshore location segment is projected to gain a higher revenue share in the coming year owing to increasing offshore oil & gas production activities.
North American industry generated the highest revenue in 2020 and is expected to lead the global revenue throughout the forecast period. The high economic growth in the region, growth in drilling and exploration industries, and growing energy demand are factors expected to drive the industry growth.
Key companies profiled in the industry report include Weatherford International Ltd., Halliburton Co., Trican Well Service Ltd, Baker Hughes, Schlumberger Ltd., Cudd Energy Services, C&J Energy Services, Inc., Calfrac Well Services Ltd., Archer Limited, and Nabors Industries Ltd.
Significant growth in demand for energy, increasing industrialization, and rising demand for horizontal drilling are major factors driving the growth of the industry. The demand for the product is increasing owing to supportive government initiatives, and a favorable regulatory framework.
Onshore deployment was the industry leader with the largest revenue contribution with escalating demand for on-location deployment of units. However, the offshore location segment is projected to gain a higher revenue share in the coming year owing to increasing offshore oil & gas production activities.
North American industry generated the highest revenue in 2020 and is expected to lead the global revenue throughout the forecast period. The high economic growth in the region, growth in drilling and exploration industries, and growing energy demand are factors expected to drive the industry growth.
Key companies profiled in the industry report include Weatherford International Ltd., Halliburton Co., Trican Well Service Ltd, Baker Hughes, Schlumberger Ltd., Cudd Energy Services, C&J Energy Services, Inc., Calfrac Well Services Ltd., Archer Limited, and Nabors Industries Ltd.
The publisher has segmented the coiled tubing market report on the basis of operation, location, application, and region:
Coiled Tubing, Operation Outlook (Revenue-USD Million, 2016-2028)
- Pumping
- Circulation
- Logging
- Others
Coiled Tubing, Location Outlook (Revenue-USD Million, 2016-2028)
- Onshore
- Offshore
Coiled Tubing, Application Outlook (Revenue-USD Million, 2016-2028)
- Drilling
- Well Cleaning and Completion
- Well Intervention
- Others
Coiled Tubing, Regional Outlook (Revenue-USD Million, 2016-2028)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Frequently Asked Questions about the Coiled Tubing Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 111 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2.97 Billion |
| Forecasted Market Value ( USD | $ 4.6 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key takeaways
1.5. Stakeholders
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key takeaways
1.5. Stakeholders
2. Executive Summary
3. Coiled Tubing Market Insights
4. Coiled Tubing Market Size and Forecast, 2016 - 2028 by Location
5. Coiled Tubing Market Size and Forecast, 2016 - 2028 by Operation
6. Coiled Tubing Market Size and Forecast, 2016 - 2028 by Application
7. Coiled Tubing Market Size and Forecast, 2016 - 2028 by Region
8. Company Profiles
List of Tables
Companies Mentioned
- Weatherford International Ltd.
- Halliburton Co.
- Trican Well Service Ltd
- Baker Hughes
- Schlumberger Ltd.
- Cudd Energy Services
- C&J Energy Services Inc.
- Calfrac Well Services Ltd.
- Archer Limited
- Nabors Industries Ltd
