Europe Coiled Tubing Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Europe coiled tubing market size is anticipated to grow at an 8% CAGR between 2024 and 2032 driven by the increasing demand for efficient and cost-effective drilling and maintenance solutions in the oil and gas sector. Coiled tubing is used for a variety of applications, including well maintenance, drilling, and stimulation, due to its ability to provide continuous and flexible access to wells. The rising need for enhanced oil recovery and the optimization of existing oil and gas fields will drive product adoption.
Improvements in materials and design are enhancing the performance and reliability of coiled tubing, making it suitable for more complex and demanding applications. The increasing focus on extending the lifespan of mature oil fields and improving production efficiency in Europe will further drive the demand for advanced coiled tubing solutions.
The overall industry is divided into service, application, and country.
Based on service, the Europe coiled tubing market size from the well cleaning segment is poised to grow between 2024 and 2032 due to the increasing need for effective maintenance and optimization of oil and gas wells. Coiled tubing is highly efficient for well cleaning operations, as it allows for continuous and flexible access to wells, facilitating the removal of debris, scale, and other obstructions that can impact well performance.
Europe coiled tubing market from the onshore application segment is set to witness a significant CAGR from 2024 to 2032. This is owing to the increasing exploration and production activities in onshore oil and gas fields. Coiled tubing is particularly effective for onshore operations as it offers a flexible, efficient, and cost-effective solution for a range of tasks, including drilling, well intervention, and stimulation.
U.K. coiled tubing industry size is expected to accrue notable expansion from 2024 to 2032. The focus on optimizing production from existing fields and extending the lifespan of mature wells fuels the demand for coiled tubing, which provides an efficient and less disruptive method for well servicing, stimulation, and repair. The technological advancements in coiled tubing equipment enhance its effectiveness and reliability, making it a preferred choice for complex operations in the country.
- Chapter 1 Methodology and Scope
- 1.1 Market definitions
- 1.2 Base estimates and calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
- Chapter 2 Industry Insights
- 2.1 Industry ecosystem analysis
- 2.2 Regulatory landscape
- 2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls and challenges
- 2.4 Growth potential analysis
- 2.5 Porter's analysis
- 2.5.1 Bargaining power of suppliers
- 2.5.2 Bargaining power of buyers
- 2.5.3 Threat of new entrants
- 2.5.4 Threat of substitutes
- 2.6 PESTEL analysis
- Chapter 3 Competitive landscape, 2023
- 3.1 Strategic outlook
- 3.2 Innovation and sustainability landscape
- Chapter 4 Market Size and Forecast, By Service, 2021 – 2032 (USD Million)
- 4.1 Key trends
- 4.2 Well intervention
- 4.3 Well cleaning
- 4.4 Well completion
- 4.4.1 Fishing
- 4.4.2 Perforation
- 4.4.3 Logging
- 4.4.4 Others
- 4.5 Drilling
- 4.5.1 Managed pressure drilling
- 4.5.2 Directional drilling
- Chapter 5 Market Size and Forecast, By Application, 2021 – 2032 (USD Million)
- 5.1 Key trends
- 5.2 Onshore
- 5.2.1 Service
- 5.2.1.1 Well intervention
- 5.2.1.2 Well cleaning
- 5.2.1.3 Well completion
- 5.2.1.3.1 Fishing
- 5.2.1.3.2 Perforation
- 5.2.1.3.3 Logging
- 5.2.1.3.4 Others
- 5.2.1.4 Drilling
- 5.2.1.4.1 Managed pressure drilling
- 5.2.1.4.2 Directional drilling
- 5.3 Offshore
- 5.3.1 Shallow
- 5.3.1.1 Service
- 5.3.1.1.1 Well intervention
- 5.3.1.1.2 Well cleaning
- 5.3.1.1.3 Well completion
- 5.3.1.1.3.1 Fishing
- 5.3.1.1.3.2 Perforation
- 5.3.1.1.3.3 Logging
- 5.3.1.1.3.4 Others
- 5.3.1.1.4 Drilling
- 5.3.1.1.4.1 Managed pressure drilling
- 5.3.1.1.4.2 Directional drilling
- 5.3.2 Deep
- 5.3.2.1 Service
- 5.3.2.1.1 Well intervention
- 5.3.2.1.2 Well cleaning
- 5.3.2.1.3 Well completion
- 5.3.2.1.3.1 Fishing
- 5.3.2.1.3.2 Perforation
- 5.3.2.1.3.3 Logging
- 5.3.2.1.3.4 Others
- 5.3.2.1.4 Drilling
- 5.3.2.1.4.1 Managed pressure drilling
- 5.3.2.1.4.2 Directional drilling
- 5.3.3 Ultra-deep
- 5.3.3.1 Service
- 5.3.3.1.1 Well intervention
- 5.3.3.1.2 Well cleaning
- 5.3.3.1.3 Well completion
- 5.3.3.1.3.1 Fishing
- 5.3.3.1.3.2 Perforation
- 5.3.3.1.3.3 Logging
- 5.3.3.1.3.4 Others
- 5.3.3.1.4 Drilling
- 5.3.3.1.4.1 Managed pressure drilling
- 5.3.3.1.4.2 Directional drilling
- Chapter 6 Market Size and Forecast, By Country, 2021 – 2032 (USD Million)
- 6.1 Key trends
- 6.2 Russia
- 6.3 UK
- 6.4 Ukraine
- 6.5 Norway
- 6.6 Netherlands
- 6.7 Denmark
- 6.8 Kazakhstan
- Chapter 7 Company Profiles
- 7.1 Baker Hughes, a GE company LLC
- 7.2 Calfrac Well Services Ltd.
- 7.3 GOES GmbH
- 7.4 Halliburton
- 7.5 Hunting PLC
- 7.6 National Oilwell Varco Inc.
- 7.7 Packer Service LLC
- 7.8 Royal IHC
- 7.9 Schlumberger Limited
- 7.10 Stimline AS
- 7.11 Surgutneftegas
- 7.12 Tenaris
- 7.13 Weatherford
- 7.14 Well Service Group
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