North America Coiled Tubing Services Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The North American coiled tubing services market is expected to record a CAGR of 3.7% during the forecast period. Factors such as the rising number of mature fields in North America, coupled with increasing energy demand, are driving the coiled tubing industry in the region. As the coiled tubing units are used while drilling, completion and intervention operations, new discoveries, and shale oil and gas are promulgating the coiled tubing services market. On the other hand, the volatile crude oil prices and high maintenance cost are the factors that are restraining the growth of the coiled tubing services market in North America.
Key HighlightsThe North American coiled tubing services market is fragmented. Some of the key players in the market include Baker Hughes Co., Calfrac Well Services Ltd, Halliburton Company, National-Oilwell Varco Inc, and Schlumberger Limited.
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