The coiled tubing is used during well repair or workover activities in the oil and gas industries. The long metal pipe is usually injected into the existing production string and inserted into the well. It is advantageous over conventional straight tubing as the latter needs to be screwed together. Major oilfield service companies are adopting various organic and inorganic growth strategies in the coiled tubing market during the forecast period.
MARKET DYNAMICS
The coiled tubing market is anticipated to grow in the forecast period owing to driving factors such as advancements in shale oil extraction, coupled with a growing focus on redevelopment of mature oil fields. Also, the rise in demand for well intervention operation is expected to boost market growth further. However, stringent regulations pertaining to operational safety may hamper the growth of the coiled tubing market during the forecast period. On the other hand, the evolution of intelligent coiled tubing technologies would create significant growth prospects for the coiled tubing market in the future.
MARKET SCOPE
The "Global Coiled Tubing Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of coiled tubing market with detailed market segmentation by service, application, and geography. The global coiled tubing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading coiled tubing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global coiled tubing market is segmented on the basis of service and application. Based on service, the market is segmented as drilling, well intervention, and others. On the basis of the application, the market is segmented as onshore and offshore.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global coiled tubing market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The coiled tubing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting coiled tubing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the coiled tubing market in these regions.
MARKET PLAYERS
The reports cover key developments in the coiled tubing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from coiled tubing market are anticipated to lucrative growth opportunities in the future with the rising demand for coiled tubing in the global market. Below mentioned is the list of few companies engaged in the coiled tubing market.
The report also includes the profiles of key coiled tubing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Altus Intervention
- Baker Hughes, a GE Company LLC
- Calfrac Well Services Ltd.
- Halliburton Energy Services, Inc.
- Legend Energy Services LLC
- Oceaneering International, Inc.
- Pioneer Energy Services Corp.
- Schlumberger Limited
- STEP Energy Services
- Trican Well Service Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.