Global Market Coiled Tubing Services is expected to grow at a CAGR of about 6% forecast by 2022
Global Coiled Tubing Market Information by Service (Cleaning, Completion, Drilling, and others), and by Region – Forecast to 2022
Pune, India – November 15, 2016 /MarketersMedia/ —
Market research future published a half-cooked research report on Global Coiled Tubing market. The global market coiled tubing services is expected to grow at a CAGR of about 6% during the forecast period, 2016 to 2022.
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Market Highlights
Coiled tubing is a cost effective solution for various applications across drilling, completions, and workover operations for an oil well. The market for coiled tubing services had contracted significantly, on account of the prolonged oil price decline since mid-2014. Considerable supply excess had been a major factor resulting into the plummeting oil prices. However, the recent price stabilization as well as changing dynamics of oil producing countries has instigated a positive outlook for the upstream oil & gas services market. Coiled Tubing market is projected to grow at a moderate pace of 6% in the next six years, on account of continuing production activities as well as revival in drilling activities within the next couple of years.
North America held the largest share within the Coiled Tubing Market in 201, and is expected to continue being a major market during the forecast period. European market is expected to grow at a comparatively slow pace, driven by steady demand from countries such as Russia, U.K., Norway, and the Netherlands. Middle East market is expected to grow a good pace during the forecast period.
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Key Factors affecting the market during the forecast period
Scope of the report
This study provides an overview of the global coiled tubing industry, tracking market segments across the categorized five geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the Global Coiled Tubing Market based on services into cleaning, completion, drilling, and others.
Key Players
The key players of global Coiled Tubing market report include- Baker Hughes Inc., Halliburton Co, Schlumberger Ltd., Superior Energy Services Inc., Archer Limited, C&J Energy Services Ltd., Calfrac Well Services Ltd, Cudd Energy Services, and Key Energy Services Llc..
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Target Audience
• Coiled tubing service providers
• Oil & Gas consultants
• Industry Associations and Publications
• Investment bankers and M&A Consultants
Geographic Analysis
• Geographical analysis across 17 countries
Company Information
• Profiling of 10 key market players
• SWOT analysis, and strategy information of top five players in the market
• Competitive landscape including emerging trends adopted by major companies
The report covers brief analysis of country level market information –
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Norway
• Russia
• The Netherlands
• Rest of Europe
Middle East & Africa
• Saudi Arabia
• UAE
• Kuwait
• Egypt
• Algeria
• Rest of Middle East & Africa
Asia-Pacific
• China
• India
• Indonesia
• Malaysia
• Rest of Asia-Pacific
South America
• Brazil
• Argentina
• Rest of South America
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Akash Anand
Market Research Future
+1 646 845 9312
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Contact Info:
Name: Akash Anand
Organization: Market Research Future
Phone: +1 646 845 9312
Release ID: 146229
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