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Coiled Tubing (CT)-Global Market Insights and Sales Trends 2024
Synopsis
Coiled tubing refers to a continuous length of small-diameter steel pipe and related surface equipment as well as associated drilling, completion and workover, or remediation, techniques. Coiled tubing oilfield technology was initially developed for working on live, producing wells.
Coiled tubing technology is frequently used to deploy tools and materials through production tubing or casing while remedial work is performed on producing wells. Coiled tubing fulfills three key requirements for downhole operations on live wells by providing a dynamic seal between the formation pressure and the surface, a continuous conduit for fluid conveyance and a method for running this conduit in and out of a pressurized well.
Coiled tubing strength and rigidity, combined with its capability to circulate treatment fluids, offer distinct advantages in workover operations. In addition to drilling and completion operations, oil and gas companies are using coiled tubing to help fish for lost equipment and for conveying well logging tools.
The global Coiled Tubing (CT) market size is expected to reach US$ 5879.7 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Coiled Tubing (CT) in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Coiled Tubing (CT) market. Well Intervention, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drilling segment is estimated at % CAGR for the next seven-year period.
Global Coiled Tubing Services key players include Schlumberger, Halliburton, Baker Hughes (GE), etc. Global top three manufacturers hold a share about 60%.
North America is the largest market, with a share about 50%, followed by South America, and Europe, both have a share over 20 percent.
In terms of product, Well Intervention is the largest segment, with a share over 65%. And in terms of application, the largest application is Onshore, followed by Offshore.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Coiled Tubing (CT), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Coiled Tubing (CT) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Coiled Tubing (CT) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Coiled Tubing (CT) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Coiled Tubing (CT) covered in this report include Schlumberger, GE(Baker Hughes), Halliburton, Weatherford, Archer, Calfrac Well Services, Cudd Energy Services, Superior Energy Services and Trican Well Service, etc.
The global Coiled Tubing (CT) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
GE(Baker Hughes)
Halliburton
Weatherford
Archer
Calfrac Well Services
Cudd Energy Services
Superior Energy Services
Trican Well Service
C&J Energy Services
Global Coiled Tubing (CT) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Coiled Tubing (CT) market, Segment by Type:
Well Intervention
Drilling
Others
Global Coiled Tubing (CT) market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Coiled Tubing (CT) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Coiled Tubing (CT) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Coiled tubing refers to a continuous length of small-diameter steel pipe and related surface equipment as well as associated drilling, completion and workover, or remediation, techniques. Coiled tubing oilfield technology was initially developed for working on live, producing wells.
Coiled tubing technology is frequently used to deploy tools and materials through production tubing or casing while remedial work is performed on producing wells. Coiled tubing fulfills three key requirements for downhole operations on live wells by providing a dynamic seal between the formation pressure and the surface, a continuous conduit for fluid conveyance and a method for running this conduit in and out of a pressurized well.
Coiled tubing strength and rigidity, combined with its capability to circulate treatment fluids, offer distinct advantages in workover operations. In addition to drilling and completion operations, oil and gas companies are using coiled tubing to help fish for lost equipment and for conveying well logging tools.
The global Coiled Tubing (CT) market size is expected to reach US$ 5879.7 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Coiled Tubing (CT) in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Coiled Tubing (CT) market. Well Intervention, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drilling segment is estimated at % CAGR for the next seven-year period.
Global Coiled Tubing Services key players include Schlumberger, Halliburton, Baker Hughes (GE), etc. Global top three manufacturers hold a share about 60%.
North America is the largest market, with a share about 50%, followed by South America, and Europe, both have a share over 20 percent.
In terms of product, Well Intervention is the largest segment, with a share over 65%. And in terms of application, the largest application is Onshore, followed by Offshore.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Coiled Tubing (CT), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Coiled Tubing (CT) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Coiled Tubing (CT) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Coiled Tubing (CT) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Coiled Tubing (CT) covered in this report include Schlumberger, GE(Baker Hughes), Halliburton, Weatherford, Archer, Calfrac Well Services, Cudd Energy Services, Superior Energy Services and Trican Well Service, etc.
The global Coiled Tubing (CT) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
GE(Baker Hughes)
Halliburton
Weatherford
Archer
Calfrac Well Services
Cudd Energy Services
Superior Energy Services
Trican Well Service
C&J Energy Services
Global Coiled Tubing (CT) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Coiled Tubing (CT) market, Segment by Type:
Well Intervention
Drilling
Others
Global Coiled Tubing (CT) market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Coiled Tubing (CT) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Coiled Tubing (CT) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Coiled Tubing (CT) Market Overview
1.1 Coiled Tubing (CT) Product Overview
1.2 Coiled Tubing (CT) Market Segment by Type
1.2.1 Well Intervention
1.2.2 Drilling
1.2.3 Others
1.3 Global Coiled Tubing (CT) Market Size by Type
1.3.1 Global Coiled Tubing (CT) Market Size Overview by Type (2018-2029)
1.3.2 Global Coiled Tubing (CT) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Coiled Tubing (CT) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Coiled Tubing (CT) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Coiled Tubing (CT) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Coiled Tubing (CT) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Coiled Tubing (CT) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Coiled Tubing (CT) Sales Breakdown by Type (2018-2023)
2 Global Coiled Tubing (CT) Market Competition by Company
2.1 Global Top Players by Coiled Tubing (CT) Sales (2018-2023)
2.2 Global Top Players by Coiled Tubing (CT) Revenue (2018-2023)
2.3 Global Top Players by Coiled Tubing (CT) Price (2018-2023)
2.4 Global Top Manufacturers Coiled Tubing (CT) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Coiled Tubing (CT) Market Competitive Situation and Trends
2.5.1 Coiled Tubing (CT) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Coiled Tubing (CT) Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Coiled Tubing (CT) as of 2022)
2.7 Date of Key Manufacturers Enter into Coiled Tubing (CT) Market
2.8 Key Manufacturers Coiled Tubing (CT) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Coiled Tubing (CT) Status and Outlook by Region
3.1 Global Coiled Tubing (CT) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Coiled Tubing (CT) Historic Market Size by Region
3.2.1 Global Coiled Tubing (CT) Sales in Volume by Region (2018-2023)
3.2.2 Global Coiled Tubing (CT) Sales in Value by Region (2018-2023)
3.2.3 Global Coiled Tubing (CT) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Coiled Tubing (CT) Forecasted Market Size by Region
3.3.1 Global Coiled Tubing (CT) Sales in Volume by Region (2024-2029)
3.3.2 Global Coiled Tubing (CT) Sales in Value by Region (2024-2029)
3.3.3 Global Coiled Tubing (CT) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Coiled Tubing (CT) by Application
4.1 Coiled Tubing (CT) Market Segment by Application
4.1.1 Onshore
4.1.2 Offshore
4.2 Global Coiled Tubing (CT) Market Size by Application
4.2.1 Global Coiled Tubing (CT) Market Size Overview by Application (2018-2029)
4.2.2 Global Coiled Tubing (CT) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Coiled Tubing (CT) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Coiled Tubing (CT) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Coiled Tubing (CT) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Coiled Tubing (CT) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Coiled Tubing (CT) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Coiled Tubing (CT) Sales Breakdown by Application (2018-2023)
5 North America Coiled Tubing (CT) by Country
5.1 North America Coiled Tubing (CT) Historic Market Size by Country
5.1.1 North America Coiled Tubing (CT) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Coiled Tubing (CT) Sales in Volume by Country (2018-2023)
5.1.3 North America Coiled Tubing (CT) Sales in Value by Country (2018-2023)
5.2 North America Coiled Tubing (CT) Forecasted Market Size by Country
5.2.1 North America Coiled Tubing (CT) Sales in Volume by Country (2024-2029)
5.2.2 North America Coiled Tubing (CT) Sales in Value by Country (2024-2029)
6 Europe Coiled Tubing (CT) by Country
6.1 Europe Coiled Tubing (CT) Historic Market Size by Country
6.1.1 Europe Coiled Tubing (CT) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Coiled Tubing (CT) Sales in Volume by Country (2018-2023)
6.1.3 Europe Coiled Tubing (CT) Sales in Value by Country (2018-2023)
6.2 Europe Coiled Tubing (CT) Forecasted Market Size by Country
6.2.1 Europe Coiled Tubing (CT) Sales in Volume by Country (2024-2029)
6.2.2 Europe Coiled Tubing (CT) Sales in Value by Country (2024-2029)
7 Asia-Pacific Coiled Tubing (CT) by Region
7.1 Asia-Pacific Coiled Tubing (CT) Historic Market Size by Region
7.1.1 Asia-Pacific Coiled Tubing (CT) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Coiled Tubing (CT) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Coiled Tubing (CT) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Coiled Tubing (CT) Forecasted Market Size by Region
7.2.1 Asia-Pacific Coiled Tubing (CT) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Coiled Tubing (CT) Sales in Value by Region (2024-2029)
8 Latin America Coiled Tubing (CT) by Country
8.1 Latin America Coiled Tubing (CT) Historic Market Size by Country
8.1.1 Latin America Coiled Tubing (CT) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Coiled Tubing (CT) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Coiled Tubing (CT) Sales in Value by Country (2018-2023)
8.2 Latin America Coiled Tubing (CT) Forecasted Market Size by Country
8.2.1 Latin America Coiled Tubing (CT) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Coiled Tubing (CT) Sales in Value by Country (2024-2029)
9 Middle East and Africa Coiled Tubing (CT) by Country
9.1 Middle East and Africa Coiled Tubing (CT) Historic Market Size by Country
9.1.1 Middle East and Africa Coiled Tubing (CT) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Coiled Tubing (CT) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Coiled Tubing (CT) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Coiled Tubing (CT) Forecasted Market Size by Country
9.2.1 Middle East and Africa Coiled Tubing (CT) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Coiled Tubing (CT) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Schlumberger
10.1.1 Schlumberger Company Information
10.1.2 Schlumberger Introduction and Business Overview
10.1.3 Schlumberger Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Schlumberger Coiled Tubing (CT) Products Offered
10.1.5 Schlumberger Recent Development
10.2 GE(Baker Hughes)
10.2.1 GE(Baker Hughes) Company Information
10.2.2 GE(Baker Hughes) Introduction and Business Overview
10.2.3 GE(Baker Hughes) Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 GE(Baker Hughes) Coiled Tubing (CT) Products Offered
10.2.5 GE(Baker Hughes) Recent Development
10.3 Halliburton
10.3.1 Halliburton Company Information
10.3.2 Halliburton Introduction and Business Overview
10.3.3 Halliburton Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Halliburton Coiled Tubing (CT) Products Offered
10.3.5 Halliburton Recent Development
10.4 Weatherford
10.4.1 Weatherford Company Information
10.4.2 Weatherford Introduction and Business Overview
10.4.3 Weatherford Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Weatherford Coiled Tubing (CT) Products Offered
10.4.5 Weatherford Recent Development
10.5 Archer
10.5.1 Archer Company Information
10.5.2 Archer Introduction and Business Overview
10.5.3 Archer Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Archer Coiled Tubing (CT) Products Offered
10.5.5 Archer Recent Development
10.6 Calfrac Well Services
10.6.1 Calfrac Well Services Company Information
10.6.2 Calfrac Well Services Introduction and Business Overview
10.6.3 Calfrac Well Services Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Calfrac Well Services Coiled Tubing (CT) Products Offered
10.6.5 Calfrac Well Services Recent Development
10.7 Cudd Energy Services
10.7.1 Cudd Energy Services Company Information
10.7.2 Cudd Energy Services Introduction and Business Overview
10.7.3 Cudd Energy Services Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Cudd Energy Services Coiled Tubing (CT) Products Offered
10.7.5 Cudd Energy Services Recent Development
10.8 Superior Energy Services
10.8.1 Superior Energy Services Company Information
10.8.2 Superior Energy Services Introduction and Business Overview
10.8.3 Superior Energy Services Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Superior Energy Services Coiled Tubing (CT) Products Offered
10.8.5 Superior Energy Services Recent Development
10.9 Trican Well Service
10.9.1 Trican Well Service Company Information
10.9.2 Trican Well Service Introduction and Business Overview
10.9.3 Trican Well Service Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Trican Well Service Coiled Tubing (CT) Products Offered
10.9.5 Trican Well Service Recent Development
10.10 C&J Energy Services
10.10.1 C&J Energy Services Company Information
10.10.2 C&J Energy Services Introduction and Business Overview
10.10.3 C&J Energy Services Coiled Tubing (CT) Sales, Revenue and Gross Margin (2018-2023)
10.10.4 C&J Energy Services Coiled Tubing (CT) Products Offered
10.10.5 C&J Energy Services Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Coiled Tubing (CT) Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Coiled Tubing (CT) Industrial Chain Analysis
11.4 Coiled Tubing (CT) Market Dynamics
11.4.1 Coiled Tubing (CT) Industry Trends
11.4.2 Coiled Tubing (CT) Market Drivers
11.4.3 Coiled Tubing (CT) Market Challenges
11.4.4 Coiled Tubing (CT) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Coiled Tubing (CT) Distributors
12.3 Coiled Tubing (CT) Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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