Global Coiled Tubing Services Market Growth (Status and Outlook) 2023-2029

Global Coiled Tubing Services Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Coiled Tubing Services Industry Forecast” looks at past sales and reviews total world Coiled Tubing Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Coiled Tubing Services sales for 2023 through 2029. With Coiled Tubing Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Coiled Tubing Services industry.
This Insight Report provides a comprehensive analysis of the global Coiled Tubing Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Coiled Tubing Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Coiled Tubing Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Coiled Tubing Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Coiled Tubing Services.
The global Coiled Tubing Services market size is projected to grow from US$ 4611.5 million in 2022 to US$ 7791.4 million in 2029; it is expected to grow at a CAGR of 7.8% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Coiled Tubing Services market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Well Intervention
Drilling
Others
Segmentation by application
Onshore
Offshore
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.