Reasons to Purchase this report:
Coiled tubing is a cost effective solution for various applications across drilling, completions, and work over operations for an oil well. The market for coiled tubing services had contracted significantly, on account of the prolonged oil price decline since mid-2014. Considerable supply excess had been a major factor resulting into the plummeting oil prices. However, the recent price stabilization as well as changing dynamics of oil producing countries has instigated a positive outlook for the upstream oil & gas services market. Coiled Tubing market is projected to grow at a moderate pace of 6% in the next six years, on account of continuing production activities as well as revival in drilling activities within the next couple of years.
Regional Analysis of Global Coiled Tubing Market
North America held the largest share within the coiled tubing market in 2015, and is expected to retain its majority by 2022. It is expected to grow at a fast pace during the forecast period, overcoming the substantial active fleet reduction in 2016, following an expected revival in the upstream oil & gas services market. Middle East and Asia – Pacific markets are projected to continue posting moderate growth during the forecast period.
Study Objectives of Global Coiled Tubing Market
Taste the market data and market information presented through more than 85 market data tables and figures spread in more than hundred pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Coiled Tubing Market Information from 2016 to 2022“
Scope of the report
This study provides an overview of the global coiled tubing industry, tracking market segments across the categorized five geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the global coiled tubing market based on services into cleaning, completion, drilling, and others.
TABLE OF CONTENTS
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