Coiled Tubing 2019 Global Industry Size, Share, Trends, key Players Analysis, Applications, Forecasts to 2023
WiseGuyReports.Com Publish a New Market Research Report On –“ Coiled Tubing 2019 Global Industry Size, Share, Trends, key Players Analysis, Applications, Forecasts to 2023”.
Pune, India – August 6, 2019 /MarketersMedia/ —
Description:-
Coiled tubing is a long metal or composite pipe that is welded into the tube form and is supplied on large reels. It is primarily used for pumping chemicals into the oil wells. The market is driven by the increasing capital spending in upstream operations, globally. It is being adopted due to its methodology of deploying various down-hole tools into a well. Coiled tubes are long pipes of different sizes with high elasticity to allow them to be coiled on a reel.
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The global demand for coiled tubing is driven by the increasing capital spending on upstream operations and rising offshore production. Moreover, growing shale gas production, across the globe, has fueled the market growth. However, high technological complexity of coiled tubing manufacturing might restrain the growth of coiled tubing market. Further, there is a high level of government participation in the oil & gas industry, globally. Countries such as Saudi Arabia, Iran, and the UAE are increasing their working rig counts to meet the requirements of the projects of national interest. These plans are facilitated by lower development costs compared to offshore Europe and West Africa. Africa held over 15% share of offshore capital expenditure in 2015, particularly with developments in offshore Angola. In West Africa, offshore Ghana and Congo are expected to witness high expenditure over the next few years. Total’s Egina development offshore in Nigeria, is expected to be the single most capital-intensive project in offshore West Africa.
For the purpose of study, the global coiled tubing market has been segmented based on service type and application. On the basis of service type, the market has further been segmented as well intervention, drilling, and others. The well intervention segment had the largest market size in 2017, mainly owing to increase in the number of ageing wells, across the globe. On the basis of application, the market is segmented as onshore and offshore. Onshore segment held the larger share of the market in 2017, mainly due to the larger number of oilfields onshore. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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Table Of Content – Major key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Insights
5 Market Dynamics
Global Coiled Tubing Market, by Service Type
7 Global Coiled Tubing Market, by Application
8 Global Coiled Tubing Market, by Region
9 Competitive Landscape
10 Company Profiles
Continued……
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Source: MarketersMedia
Release ID: 88904643
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