Coiled Tubing Market Expects North America to Extend Market Dominance Till 2021

Geographically, North America is the largest coiled tubing market among other regions and is expected to exhibit consistent growth during the forecast period.

Hyderabad, March 07, 2017 (GLOBE NEWSWIRE) -- The report “Coiled Tubing Market: By Service (Well Intervention, Drilling, Production Services); By Operation (Circulation, Pumping, Logging, Perforation and Others); By Geography (Americas, Europe, APAC, RoW) - Forecast (2016-2021)”, published by IndustryARC, estimates that the market will register strong growth till 2021.

Browse 18 Market Tables, 66 Figures spread through 179 Pages and an in-depth TOC on "Coiled Tubing Market (2016 - 2021)"

Scope & Regional Forecast of the Coiled Tubing Market

Coiled tubing is a very long metal reel, used for upstream operations like exploration and production activities in the Oil and Gas industry. Coiled tubing is a cost and time effective measure which is also used in the production tubing in depleted gas wells. Furthermore, this coil tubing is growing as an alternative to wire-lining. Additionally, coiled tubing has benefits of pumping and pushing chemicals through coils rather than relying on gravity.

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This report explains the coiled tubing market which is segmented on the basis of services and operations. Also, the report focuses on the services of coiled tubing such as, well intervention & production, drilling and others. Furthermore, the market is segmented on the basis of different operations like circulation, pumping, logging, perforation and others. Additionally, the report delivers analytical insights across geographic regions and also focuses on the key nations in terms of changing trends in the coiled tubing market.

Geographically, North America is the largest coiled tubing market among other regions and is expected to exhibit consistent growth during the forecast period. This is because of factors like increasing shale oil and gas extraction in the U.S and high exploration and production activities in this region. APAC is the next potential market for coiled tubing due to increasing shale gas extraction in China and investments in coiled tubing technology in this region and this would further aid the APAC market. Increasing crude oil production in UAE, Saudi Arabia and Qatar will support the growth of coiled tubing market in the Middle East.

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Key Insights:

  • Xtreme Drilling and Coil Services Corp had announced completion of sale of XSR coiled tubing services assets to Schlumberger for C$205 million
  • Greenwell Energy Solutions has acquired Exclusive Energy Services
  • Sanjel has signed a definitive agreement for the sale of its Canadian fracturing, coiled tubing and cementing assets to STEP Energy Services Ltd. 
  • Liberty announces completion of Sanjel Asset acquisition

Segmentations & Key Players Involved in the Coiled Tubing Market:

The Coiled Tubing Market can be broken down into various segmentations on the basis of -

  • Services: Well Intervention & Production, Drilling and Others.
  • Operations: Circulation, Pumping, Logging, Perforation and Others.
  • Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.

Following are few key players profiled in this report as part of the market landscape analysis:

  • Archer Limited
  • Peerless Limited
  • ROSEN USA Inc.
  • Spooltech, LLC
  • Stewart & Stevenson, LLC
  • GOES GmbH
  • Merinox
  • Antech Limited
  • Royal Lhc
  • Krawford Inc.
  • Hydressco, LLC
  • Viking Services B.V.
  • Interwell Norway As
  • Jb Power Llc
  • McCoy Global Inc.

Why buy this report?

  • Get a detailed picture of the Coiled Tubing Market.
  • Pinpoint growth sectors and identify factors driving change.
  • Understand the competitive environment, the market’s major players and leading brands.
  • A five-year forecast method is used in order to assess how the market is predicted to develop.

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