MarketResearchNest.com
adds “Global Coiled Tubing Services
Market Growth (Status and Outlook) 2019-2024”new report to its research
database.
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.
Rise in exploration and production activities globally is
anticipated to boost the market over the forecast period. Mounting demand for
the oil and gas in transportation, power production, and other application
activities, had led to the growth in the consumption of primary energy sources.
The global market is moderately consolidated. It experiences
the presence of giant and large number of key industry participants across the
value chain. Major companies operating in the market comprises of multinational
conglomerates which includes EandP companies, individual equipment and oilfield
service corporations, microseismic and proppants companies. The key players are
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 and so on.
The market is growing at a very rapid pace and with rise in
technological innovation, competition and MandA activities in the industry many
local and regional vendors are offering specific application products for
varied end-users. The new manufacturer entrants in the market are finding it
hard to compete with the international vendors based on quality, reliability,
and innovations in technology.
The industry is expected to remain innovation-led, with
frequent acquisitions and strategic alliances adopted as the key strategies by
the players to increase their industry presence. Market stays in mature period
with a clear concentration.
Significant and lasting barriers make entry into this market
difficult. These barriers include, but are not limited to: (i) product
development costs; (ii) capital requirements; (iii) intellectual property
rights; (iv) regulatory requirement; and (v) Transitions' unfair methods of
competition.
Despite the presence of competition problems, due to the
global recovery trend is clear, investors are still optimistic about this area,
the future will still have more new investment enter the field. Even so, the
market is intensely competitive .The study group recommends the new entrants
just having money but without technical advantage and upstream and downstream
support do not to enter into this field.
According to this study, over the next five years the Coiled
Tubing Services market will register a 7.6% CAGR in terms of revenue, the
global market size will reach US$ 5460 million by 2024, from US$ 3510 million
in 2019. In particular, this report presents the global revenue market share of
key companies in Coiled Tubing Services business, shared in Chapter 3.
This report presents a comprehensive overview, market shares
and growth opportunities of Coiled Tubing Services market by product type,
application, key companies and key regions.
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This study considers
the Coiled Tubing Services value generated from the sales of the following
segments:
Segmentation by
product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to
2024 in section 10.7.
·
Well
Intervention
·
Drilling
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 10.8.
·
Onshore
·
Offshore
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC, China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK,
Italy, Russia, Spain, Middle East and Africa, Egypt,South Africa, Israel,
Turkey, GCC Countries
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contents and data tables @
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
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
In addition, this
report discusses the key drivers influencing market growth, opportunities, the
challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future
development.
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Research objectives
·
To study and analyze the global Coiled Tubing
Services market size by key regions/countries, product type and application,
history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Coiled Tubing
Services market by identifying its various subsegments.
·
Focuses on the key global Coiled Tubing Services
players, to define, describe and analyze the value, market share, market
competition landscape, SWOT analysis and development plans in next few years.
·
To analyze the Coiled Tubing Services with
respect to individual growth trends, future prospects, and their contribution
to the total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the size of Coiled Tubing Services
submarkets, with respect to key regions (along with their respective key
countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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