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Coiled Tubing Services-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 Services market size is expected to reach US$ 7867.1 million by 2029, growing at a CAGR of 7.5% from 2023 to 2029. The market is mainly driven by the significant applications of Coiled Tubing Services in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Coiled Tubing Services 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 players, 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 Services, 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 Services 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 Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Coiled Tubing Services 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 Services covered in this report include Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, Superior Energy, Archer, Calfrac Well Services, Cudd Energy Services (RPC) and National Oilwell Varco, etc.
The global Coiled Tubing Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
Halliburton
Baker Hughes (GE)
Weatherford
Superior Energy
Archer
Calfrac Well Services
Cudd Energy Services (RPC)
National Oilwell Varco
Pioneer Energy Services
PT Elnusa Tbk
Legend Energy
Smape S.r.l.
Jereh Group
Global Coiled Tubing Services 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 Services market, Segment by Type:
Well Intervention
Drilling
Others
Global Coiled Tubing Services market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Coiled Tubing Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/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 Services market size is expected to reach US$ 7867.1 million by 2029, growing at a CAGR of 7.5% from 2023 to 2029. The market is mainly driven by the significant applications of Coiled Tubing Services in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Coiled Tubing Services 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 players, 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 Services, 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 Services 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 Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Coiled Tubing Services 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 Services covered in this report include Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, Superior Energy, Archer, Calfrac Well Services, Cudd Energy Services (RPC) and National Oilwell Varco, etc.
The global Coiled Tubing Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
Halliburton
Baker Hughes (GE)
Weatherford
Superior Energy
Archer
Calfrac Well Services
Cudd Energy Services (RPC)
National Oilwell Varco
Pioneer Energy Services
PT Elnusa Tbk
Legend Energy
Smape S.r.l.
Jereh Group
Global Coiled Tubing Services 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 Services market, Segment by Type:
Well Intervention
Drilling
Others
Global Coiled Tubing Services market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Coiled Tubing Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Coiled Tubing Services
1.1 Coiled Tubing Services Market Overview
1.1.1 Coiled Tubing Services Product Scope
1.1.2 Coiled Tubing Services Market Status and Outlook
1.2 Global Coiled Tubing Services Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Coiled Tubing Services Market Size by Region (2018-2029)
1.4 Global Coiled Tubing Services Historic Market Size by Region (2018-2023)
1.5 Global Coiled Tubing Services Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Coiled Tubing Services Market Size (2018-2029)
1.6.1 North America Coiled Tubing Services Market Size (2018-2029)
1.6.2 Europe Coiled Tubing Services Market Size (2018-2029)
1.6.3 Asia-Pacific Coiled Tubing Services Market Size (2018-2029)
1.6.4 Latin America Coiled Tubing Services Market Size (2018-2029)
1.6.5 Middle East & Africa Coiled Tubing Services Market Size (2018-2029)
2 Coiled Tubing Services Market by Type
2.1 Introduction
2.1.1 Well Intervention
2.1.2 Drilling
2.1.3 Others
2.2 Global Coiled Tubing Services Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Coiled Tubing Services Historic Market Size by Type (2018-2023)
2.2.2 Global Coiled Tubing Services Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Coiled Tubing Services Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Coiled Tubing Services Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Coiled Tubing Services Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Coiled Tubing Services Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Coiled Tubing Services Revenue Breakdown by Type (2018-2029)
3 Coiled Tubing Services Market Overview by Application
3.1 Introduction
3.1.1 Onshore
3.1.2 Offshore
3.2 Global Coiled Tubing Services Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Coiled Tubing Services Historic Market Size by Application (2018-2023)
3.2.2 Global Coiled Tubing Services Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Coiled Tubing Services Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Coiled Tubing Services Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Coiled Tubing Services Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Coiled Tubing Services Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Coiled Tubing Services Revenue Breakdown by Application (2018-2029)
4 Coiled Tubing Services Competition Analysis by Players
4.1 Global Coiled Tubing Services Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Coiled Tubing Services as of 2022)
4.3 Date of Key Players Enter into Coiled Tubing Services Market
4.4 Global Top Players Coiled Tubing Services Headquarters and Area Served
4.5 Key Players Coiled Tubing Services Product Solution and Service
4.6 Competitive Status
4.6.1 Coiled Tubing Services Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Schlumberger
5.1.1 Schlumberger Profile
5.1.2 Schlumberger Main Business
5.1.3 Schlumberger Coiled Tubing Services Products, Services and Solutions
5.1.4 Schlumberger Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.1.5 Schlumberger Recent Developments
5.2 Halliburton
5.2.1 Halliburton Profile
5.2.2 Halliburton Main Business
5.2.3 Halliburton Coiled Tubing Services Products, Services and Solutions
5.2.4 Halliburton Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.2.5 Halliburton Recent Developments
5.3 Baker Hughes (GE)
5.3.1 Baker Hughes (GE) Profile
5.3.2 Baker Hughes (GE) Main Business
5.3.3 Baker Hughes (GE) Coiled Tubing Services Products, Services and Solutions
5.3.4 Baker Hughes (GE) Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.3.5 Weatherford Recent Developments
5.4 Weatherford
5.4.1 Weatherford Profile
5.4.2 Weatherford Main Business
5.4.3 Weatherford Coiled Tubing Services Products, Services and Solutions
5.4.4 Weatherford Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.4.5 Weatherford Recent Developments
5.5 Superior Energy
5.5.1 Superior Energy Profile
5.5.2 Superior Energy Main Business
5.5.3 Superior Energy Coiled Tubing Services Products, Services and Solutions
5.5.4 Superior Energy Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.5.5 Superior Energy Recent Developments
5.6 Archer
5.6.1 Archer Profile
5.6.2 Archer Main Business
5.6.3 Archer Coiled Tubing Services Products, Services and Solutions
5.6.4 Archer Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.6.5 Archer Recent Developments
5.7 Calfrac Well Services
5.7.1 Calfrac Well Services Profile
5.7.2 Calfrac Well Services Main Business
5.7.3 Calfrac Well Services Coiled Tubing Services Products, Services and Solutions
5.7.4 Calfrac Well Services Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.7.5 Calfrac Well Services Recent Developments
5.8 Cudd Energy Services (RPC)
5.8.1 Cudd Energy Services (RPC) Profile
5.8.2 Cudd Energy Services (RPC) Main Business
5.8.3 Cudd Energy Services (RPC) Coiled Tubing Services Products, Services and Solutions
5.8.4 Cudd Energy Services (RPC) Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.8.5 Cudd Energy Services (RPC) Recent Developments
5.9 National Oilwell Varco
5.9.1 National Oilwell Varco Profile
5.9.2 National Oilwell Varco Main Business
5.9.3 National Oilwell Varco Coiled Tubing Services Products, Services and Solutions
5.9.4 National Oilwell Varco Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.9.5 National Oilwell Varco Recent Developments
5.10 Pioneer Energy Services
5.10.1 Pioneer Energy Services Profile
5.10.2 Pioneer Energy Services Main Business
5.10.3 Pioneer Energy Services Coiled Tubing Services Products, Services and Solutions
5.10.4 Pioneer Energy Services Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.10.5 Pioneer Energy Services Recent Developments
5.11 PT Elnusa Tbk
5.11.1 PT Elnusa Tbk Profile
5.11.2 PT Elnusa Tbk Main Business
5.11.3 PT Elnusa Tbk Coiled Tubing Services Products, Services and Solutions
5.11.4 PT Elnusa Tbk Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.11.5 PT Elnusa Tbk Recent Developments
5.12 Legend Energy
5.12.1 Legend Energy Profile
5.12.2 Legend Energy Main Business
5.12.3 Legend Energy Coiled Tubing Services Products, Services and Solutions
5.12.4 Legend Energy Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.12.5 Legend Energy Recent Developments
5.13 Smape S.r.l.
5.13.1 Smape S.r.l. Profile
5.13.2 Smape S.r.l. Main Business
5.13.3 Smape S.r.l. Coiled Tubing Services Products, Services and Solutions
5.13.4 Smape S.r.l. Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.13.5 Smape S.r.l. Recent Developments
5.14 Jereh Group
5.14.1 Jereh Group Profile
5.14.2 Jereh Group Main Business
5.14.3 Jereh Group Coiled Tubing Services Products, Services and Solutions
5.14.4 Jereh Group Coiled Tubing Services Revenue (US$ Million) & (2018-2023)
5.14.5 Jereh Group Recent Developments
6 North America
6.1 North America Coiled Tubing Services Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Coiled Tubing Services Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Coiled Tubing Services Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Coiled Tubing Services Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Coiled Tubing Services Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Coiled Tubing Services Market Dynamics
11.1 Coiled Tubing Services Industry Trends
11.2 Coiled Tubing Services Market Drivers
11.3 Coiled Tubing Services Market Challenges
11.4 Coiled Tubing Services Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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