Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Coiled Tubing Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Coiled Tubing Services. This report contains market size and forecasts of Coiled Tubing Services in global, including the following market information:
Global Coiled Tubing Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Coiled Tubing Services market was valued at US$ 4850.5 million in 2022 and is projected to reach US$ 7879.7 million by 2029, at a CAGR of 7.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Coiled Tubing Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Coiled Tubing Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Coiled Tubing Services Market Segment Percentages, by Type, 2022 (%)
Well Intervention
Drilling
Others
Global Coiled Tubing Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Coiled Tubing Services Market Segment Percentages, by Application, 2022 (%)
Onshore
Offshore
Global Coiled Tubing Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Coiled Tubing Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Coiled Tubing Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Coiled Tubing Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Coiled Tubing Services, market overview.
Chapter 2: Global Coiled Tubing Services market size in revenue.
Chapter 3: Detailed analysis of Coiled Tubing Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Coiled Tubing Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
