Market Overview:
Coiled tubing services refer to a very long metal pipe that is used for the intervention of oil & gas wells and drilling. It is widely used to pump chemicals for circulation, logging, drilling, and production operations. Coiled tubing reduces the risk of formation damage inherent in killing a well by allowing continuous circulation during well intervention operations, which makes it cost-effective compare to conventional drilling. However, advanced software is used to monitor coiled-tubing fatigue, hydraulic pressures, and downhole forces and limits that help to enhance safety, extend coiled-tubing life, and reduces operational cost while preventing field failures and downtime.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Schlumberger (United States), Weatherford International (United States), Jereh Group (China), Calfrac Well Services (Canada), Well Services Group (Netherlands), Baker Hughes (United States), NOV Inc. (United States), Halliburton (United States), Cudd Energy Services (United States), Smape S.r.l. (Italy), Pioneer Energy Services (United States) and Cardinal Services (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Coiled Tubing Services Market Study:
Schlumberger (United States), Weatherford International (United States), Jereh Group (China), Calfrac Well Services (Canada), Well Services Group (Netherlands), Baker Hughes (United States), NOV Inc. (United States), Halliburton (United States), Cudd Energy Services (United States), Smape S.r.l. (Italy), Pioneer Energy Services (United States) and Cardinal Services (United States)
Coiled Tubing Services Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Onshore and Offshore |
Service | Well Intervention,Drilling,Others |
Influencing Trend:
Increasing Use of Fiber Optics-Enabled Coiled Tubing
Market Growth Drivers:
Increasing Demand of Coiled Tubing Service for Well Intervention Operations to Avoid Formation Damage and Increasing Demand of Fuels for Power Generation Due to Rising Electricity Demand Across the Globe
Challenges:
High cost of Logistics to Getting Equipment on Work Location
Restraints:
Use of New Technology With Lack of Operator Experience
Opportunities:
Rapidly Growing Oil & Gas Industries Worldwide
. The Global Coiled Tubing Services market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coiled Tubing Services market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Coiled Tubing Services market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Coiled Tubing Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.