Coiled Tubing Services Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 – 2026

Introduction

Coiled tubing in the oil and gas enterprises is exploited for well interventions in gas and oil wells, and drilling. They also find application in depleted gas wells as production tubing. Coiled tubing is consistently used to perform procedures identical to wire lining. The fundamental advantages of coiled tube (CT) services over wire line are the ability to draw chemicals through the loop or coil and the capacity to push it into the hole. The oil and gas industry utilizes looped or coiled tubing for time and cost viable arrangements of well mediation and drilling operations.

Market Dynamics

Coiled tubing market is playing a vital role in expanding working expense for extrication of oil from existing wells and recovery of developed oil wells is the central point for the development of different oil recouping systems. Owing to the increase in shale gas tasks and advancement in other unconventional sources is additionally expected to drive this market development. Decreasing oil and gas production from existing well is expected to boost this market.

Market Classification and Overview

The market can be bifurcated on the basis of service, operation, application, and geography. By service, coiled tubing services market can be segmented into well intervention, drilling, and among others. Further well intervention is sub-segmented into well completion, well cleaning, and others. By operation, coiled tubing services market can be classified into circulation or deliquification, pumping, logging, and perforation among others. Based on application, coiled tubing services market can be segmented into onshore and offshore. On the basis of geography, the coiled tubing services market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) And Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in coiled tubing services market include Cudd Energy Services, Baker Hughes, Halliburton, Weatherford International Inc, Schlumberger, Calfrac Well Services Ltd, Archer Limited, Superior Energy Services Inc., C&J Energy Services, Inc., and Trican Well Service Ltd among others.

Market Segmentation

Market By Service

• Drilling
• Well Intervention
  • Well Completion
  • Well Cleaning
  • Others
• Others

Market By Operation

• Circulation or Deliquification
• Perforation
• Logging
• Pumping
• Others

Market By Application

• Onshore
• Offshore

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA