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2021
Coiled Tubing Market

Coiled Tubing Market by Operation (Pumping, Circulation, Logging, and Others), Location (Onshore and Offshore), Application (Well Intervention, Drilling, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A00675
Pages: 240
Oct 2021 | 5273 Views
   
Author(s) : Saurabh Dixit , Eswara Prasad
Tables: 140
Charts: 71
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Coiled Tubing Market Outlook - 2030

The global coiled tubing market size was valued at $3.0 billion in 2020, and is expected to reach $4.7 billion by 2030, registering a CAGR of 4.5% from 2021to 2030. Coiled tubing is a long metal pipe and surface equipment initially developed for working on producing (live) wells. The application of coiled tubing has continued to rise beyond traditional applications such as well cleanout and acid stimulation. It is growingly used in the applications such as coiled tubing drill, fracturing, subsea, deeper wells, pipeline, and others. This growth is attributed to technical advancements, which have increased the utilization of coiled tubing in well intervention, drilling, and completion applications.

COVID-19 pandemic outbreak across the globe has resulted in decline in demand for oil & gas and petrochemical production owing to halted commercial and industrial activities across the globe amid government imposed lock down measures. This has been impacted negatively on global Coiled Tubing market.

The growth of the global coiled tubing market is driven by rise in demand for conventional fuels from the developing economies across the globe. However, implementation of stringent government regulations toward environmental pollution from oil & gas products and rapid development of the electric vehicle industry are the key factors that hamper the growth of the market. On the contrary, rapid transition from coal power station to gas power station and rise in use of gas in the vehicles are anticipated to provide lucrative growth opportunities for the key players to maintain the position in the market in the upcoming years. 

Coiled-Tubing-Market-2021-2030

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The coiled tubing market is segmented into operation, location, application, and region. Depending on operation, the market is segmented into pumping, circulation, logging, and others. On the basis of location, it is categorized into onshore and offshore. As per application, it is classified into well intervention, drilling, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global coiled tubing market analysis covers in-depth information of the major coiled tubing industry participants. Some of the major players in the market include Altus Intervention, Calfrac Well Services Ltd., Baker Hughes Company, Halliburton, Step Energy Services, Key Energy Services, LLC, Oceaneering International, Inc., Schlumberger Limited, Trican, and Weatherford International PLC.

Other players that operate in the value chain of the global coiled tubing market are Basic Energy Services, Weltec, Expro Group, Superior Energy Services, Inc., Deepwell AS, and Hunting Energy Services.

The key players have adopted numerous strategies such as product launch, agreement, partnership, acquisition, and business expansion, to stay competitive in the coiled tubing market.

For instance, in January 2021, Altus Intervention AS, a subsidiary of the international Altus Intervention Group AS, secured a long-term frame agreement with Equinor for the delivery of Integrated Wireline Services. This agreement includes the provision of fully integrated intervention services, including mechanical wireline, cased hole logging, and tractor conveyance on a total of 22 installations.

In addition, in September 2021, Halliburton signed an agreement with Energean (an independent E&P company focused on developing resources in the Mediterranean and the North Sea) to execute a three to five well drilling and completions campaign. This agreement led to increase in the demand for coiled tubing services and is expected to increase the project portfolio of the company.

Coiled tubing market, by operation

By operation, the pumping segment held the largest coiled tubing market share in 2020. This is owing to rise in demand for coiled tubing from variety of fluid pumping operations such as oil well cementing, pressure testing, solvent pumping, acidizing treatments, and others. In addition, to open the pores of limestone layers, there is an increase in need for acid pumping operation, which has resulted in driving the growth of the market during the forecast period.

Coiled Tubing Market
By Operation

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Pumping segment is projected as the most lucrative segment.

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Coiled tubing market, by location

On the basis of location, the onshore segment dominated the global market in 2020, in terms of share. This is due to rise in demand for oil & gas and related products, which led to surge in the demand for coiled tubing. In addition, rise in onshore sites propels the market growth, as onshore sites are easily operatable and it takes less years for production in comparison to offshore. Moreover, 70.0% of the world’s oil and gas come from onshore sites, which notably contributes toward the growth of the coiled tubing market during the forecast period.

Coiled Tubing Market
By Location

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Onshore is projected as the most lucrative segment.

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Coiled tubing market, by application

By application, the well intervention segment garnered the highest market share in 2020. This is attributed to rise in demand for oil and gas products across the globe in various end use applications including building & construction, transportation, power generation, and others, which lead to increase in demand for well intervention services that enhances the production of operational and abandoned oil & gas wells.

Coiled Tubing Market
By Application

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Well Intervention is projected as the most lucrative segment.

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Coiled tubing market, by region

North America garnered the highest share in the coiled tubing market in 2020, in terms of revenue, and is anticipated to maintain its dominance during the forecast period. This is attributed to the presence of key players and huge consumer base in the region. In addition, recent developments of shale oil reserves in the region are further projected to fuel the growth of the market during the analyzed time frame. The huge production and exportation of oil is anticipated to fuel the demand for coiled tubing services, which in turn is projected to fuel the growth of the market in the upcoming years.

Coiled Tubing Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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COVID-19 impact on the market

Lockdowns imposed due to the outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries that decreased the demand for oil and gas products, which hampered the coiled tubing market. This resulted in decline in market growth in the second, third, and fourth quarters of 2020. However, the market is expected to recover by the end of 2021 as COVID-19 vaccination has started in various economies across the globe, which is expected to improve the situation globally.

Key Benefits For Stakeholders

  • The report provides an extensive qualitative and quantitative analysis of the current coiled tubing market trends and future estimations of the global market from 2021 to 2030 to determine the prevailing coiled tubing market opportunities.
  • A comprehensive market analysis of the factors that drive and restrict the coiled tubing market growth is provided.
  • Estimations and coiled tubing market forecast are based on factors impacting the market growth, in terms of value.
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

Key Market Segments

  • BY OPERATION
    • Pumping
    • Circulation
    • Logging
    • Others
  • BY LOCATION
    • Onshore
    • Offshore
  • BY APPLICATION
    • Well Intervention
    • Drilling
    • Others
  • BY REGION
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa


Key Market Players

  • ALTUS INTERVENTION
  • CALFRAC WELL SERVICES LTD.
  • BAKER HUGHES COMPANY
  • HALLIBURTON
  • STEP ENERGY SERVICES
  • KEY ENERGY SERVICES, LLC.
  • OCEANEERING INTERNATIONAL, INC.
  • SCHLUMBERGER LIMITED
  • TRICAN
  • WEATHERFORD INTERNATIONAL PLC
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the market
3.3.Value chain analysis
3.4.Top investment pockets
3.5.Patent analysis

3.5.1.By region, 2013–2020

3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Rise in demand for well intervention services and redevelopment of aged oilfields
3.6.1.2.Increase in demand for crude oil and other oil & gas products

3.6.2.Restraint

3.6.2.1.Operational risks and disadvantages associated with coiled tubing

3.6.3.Opportunity

3.6.3.1.Rise in investment toward oil & gas exploration and production activities

3.7.Impact of government regulations on the market
3.8.Impact of COVID-19 outbreak on the market

CHAPTER 4:COILED TUBING MARKET, BY OPERATION

4.1.Overview

4.1.1.Market size and forecast

4.2.Circulation

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Pumping

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

4.4.Logging

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market share analysis, by country

CHAPTER 5:COILED TUBING MARKET, BY LOCATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Onshore

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Offshore

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

CHAPTER 6:COILED TUBING MARKET, BY APPLICATION

6.1.Overview

6.1.1.Market size and forecast

6.2.Well Intervention

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country

6.3.Drilling

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country

6.4.Others

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country

CHAPTER 7:COILED TUBING MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by operation
7.2.3.Market size and forecast, by location
7.2.4.Market size and forecast, by application
7.2.5.Market share analysis, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by operation
7.2.5.1.2.Market size and forecast, by location
7.2.5.1.3.Market size and forecast, by application

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by operation
7.2.5.2.2.Market size and forecast, by location
7.2.5.2.3.Market size and forecast, by application

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by operation
7.2.5.3.2.Market size and forecast, by location
7.2.5.3.3.Market size and forecast, by application

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by operation
7.3.3.Market size and forecast, by location
7.3.4.Market size and forecast, by application
7.3.5.Market share analysis, by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast, by operation
7.3.5.1.2.Market size and forecast, by location
7.3.5.1.3.Market size and forecast, by application

7.3.5.2.Germany

7.3.5.2.1.Market size and forecast, by operation
7.3.5.2.2.Market size and forecast, by location
7.3.5.2.3.Market size and forecast, by application

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by operation
7.3.5.3.2.Market size and forecast, by location
7.3.5.3.3.Market size and forecast, by application

7.3.5.4.Spain

7.3.5.4.1.Market size and forecast, by operation
7.3.5.4.2.Market size and forecast, by location
7.3.5.4.3.Market size and forecast, by application

7.3.5.5.Italy

7.3.5.5.1.Market size and forecast, by operation
7.3.5.5.2.Market size and forecast, by location
7.3.5.5.3.Market size and forecast, by application

7.3.5.6.Rest of Europe

7.3.5.6.1.Market size and forecast, by operation
7.3.5.6.2.Market size and forecast, by location
7.3.5.6.3.Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by operation
7.4.3.Market size and forecast, by location
7.4.4.Market size and forecast, by application
7.4.5.Market share analysis, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by operation
7.4.5.1.2.Market size and forecast, by location
7.4.5.1.3.Market size and forecast, by application

7.4.5.2.India

7.4.5.2.1.Market size and forecast, by operation
7.4.5.2.2.Market size and forecast, by location
7.4.5.2.3.Market size and forecast, by application

7.4.5.3.Japan

7.4.5.3.1.Market size and forecast, by operation
7.4.5.3.2.Market size and forecast, by location
7.4.5.3.3.Market size and forecast, by application

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by operation
7.4.5.4.2.Market size and forecast, by location
7.4.5.4.3.Market size and forecast, by application

7.4.5.5.Australia

7.4.5.5.1.Market size and forecast, by operation
7.4.5.5.2.Market size and forecast, by location
7.4.5.5.3.Market size and forecast, by application

7.4.5.6.Rest of Asia-Pacific

7.4.5.6.1.Market size and forecast, by operation
7.4.5.6.2.Market size and forecast, by location
7.4.5.6.3.Market size and forecast, by application

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by operation
7.5.3.Market size and forecast, by location
7.5.4.Market size and forecast, by application
7.5.5.Market share analysis, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by operation
7.5.5.1.2.Market size and forecast, by location
7.5.5.1.3.Market size and forecast, by application

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by operation
7.5.5.2.2.Market size and forecast, by location
7.5.5.2.3.Market size and forecast, by application

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by operation
7.5.5.3.2.Market size and forecast, by location
7.5.5.3.3.Market size and forecast, by application

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Introduction

8.1.1.Market Player Positioning, 2020

8.2.Top winning strategies

8.2.1.Top winning strategies, by year
8.2.2.Top winning strategies, by development
8.2.3.Top winning strategies, by company

8.3.Product Mapping of Top 10 Player
8.4.Competitive Heatmap
8.5.Key developments

8.5.1.New product launches
8.5.2.Agreements
8.5.3.Partnership
8.5.4.Business Expansions
8.5.5.Acquisition

CHAPTER 9:COMPANY PROFILES

9.1.ALTUS INTERVENTION

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Key executives
9.1.4.Product portfolio
9.1.5.Key strategic moves and developments

9.2.CALFRAC WELL SERVICES LTD.

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Key executives
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.Business performance

9.3.BAKER HUGHES COMPANY

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Key executives
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.Business performance
9.3.7.Key strategic moves and developments

9.4.HALLIBURTON

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Key executives
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.Business performance
9.4.7.Key strategic moves and developments

9.5.STEP ENERGY SERVICES

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Key executives
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.Business performance
9.5.7.Key strategic moves and developments

9.6.KEY ENERGY SERVICES, LLC.

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Key executives
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.Business performance

9.7.OCEANEERING INTERNATIONAL, INC.

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Key executives
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.Business performance
9.7.7.Key strategic moves and developments

9.8.SCHLUMBERGER LIMITED

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Key executives
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.Business performance
9.8.7.Key strategic moves and developments

9.9.TRICAN

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Key executives
9.9.4.Product portfolio
9.9.5.Business performance

9.10.WEATHERFORD INTERNATIONAL PLC

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Operating business segments
9.10.4.Product portfolio
9.10.5.Business performance

LIST OF TABLES

TABLE 01.GLOBAL COILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 02.COILED TUBING MARKET FOR CIRCULATION, BY REGION, 2020–2030 ($MILLION)
TABLE 03.COILED TUBING MARKET FOR PUMPING, BY REGION, 2020–2030 ($MILLION)
TABLE 04.COILED TUBING MARKET FOR LOGGING, BY REGION, 2020–2030 ($MILLION)
TABLE 05.COILED TUBING MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 06.GLOBAL COILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 07.COILED TUBING MARKET FOR ONSHORE, BY REGION, 2020–2030 ($MILLION)
TABLE 08.COILED TUBING MARKET FOR OFFSHORE, BY REGION, 2020–2030 ($MILLION)
TABLE 09.GLOBAL COILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 10.COILED TUBING MARKET FOR WELL INTERVENTION, BY REGION, 2020–2030 ($MILLION)
TABLE 11.COILED TUBING MARKET FOR DRILLING, BY REGION, 2020–2030 ($MILLION)
TABLE 12.COILED TUBING MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 13.COILED TUBING MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 14.NORTH AMERICA COILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 15.NORTH AMERICA COILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 16.NORTH AMERICA COILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 17.NORTH AMERICA COILED TUBING MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 18.U.S.COILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 19.U.S.COILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 20.U.S.COILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 21.CANADA COILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 22.CANADA COILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 23.CANADA COILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 24.MEXICOCOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 25.MEXICOCOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 26.MEXICOCOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 27.EUROPE COILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 28.EUROPE COILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 29.EUROPE COILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 30.EUROPE COILED TUBING MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 31.UKCOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 32.UKCOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 33.UKCOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 34.GERMANYCOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 35.GERMANYCOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 36.GERMANYCOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 37.FRANCECOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 38.FRANCECOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 39.FRANCECOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 40.SPAIN COILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 41.SPAIN COILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 42.SPAIN COILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 43.ITALY COILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 44.ITALY COILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 45.ITALY COILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 46.REST OF EUROPE COILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 47.REST OF EUROPE COILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 48.REST OF EUROPE COILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 49.ASIA-PACIFICCOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 50.ASIA-PACIFICCOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 51.ASIA-PACIFICCOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 52.ASIA-PACIFIC COILED TUBING MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 53.CHINACOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 54.CHINACOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 55.CHINACOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 56.INDIACOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 57.INDIACOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 58.INDIACOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 59.JAPANCOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 60.JAPANCOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 61.JAPANCOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 62.SOUTH KOREACOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 63.SOUTH KOREACOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 64.SOUTH KOREACOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 65.AUSTRALIACOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 66.AUSTRALIACOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 67.AUSTRALIACOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 68.REST OF ASIA-PACIFICCOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 69.REST OF ASIA-PACIFICCOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 70.REST OF ASIA-PACIFICCOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 71.LAMEACOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 72.LAMEACOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 73.LAMEACOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 74.LAMEA COILED TUBING MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 75.LATIN AMERICACOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 76.LATIN AMERICACOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 77.LATIN AMERICACOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 78.MIDDLE EASTCOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 79.MIDDLE EASTCOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 80.MIDDLE EASTCOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 81.AFRICACOILED TUBING MARKET, BY OPERATION, 2020–2030 ($MILLION)
TABLE 82.AFRICACOILED TUBING MARKET, BY LOCATION, 2020–2030 ($MILLION)
TABLE 83.AFRICACOILED TUBING MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 84.KEY NEW PRODUCT LAUNCHES (2017-2021)
TABLE 85.KEY AGREEMENTS (2017-2021)
TABLE 86.KEY PARTNERSHIP (2017-2021)
TABLE 87.KEYBUSINESS EXPANSIONS (2017-2021)
TABLE 88.KEY ACQUISITION (2017-2021)
TABLE 89.ALTUS INTERVENTION: COMPANY SNAPSHOT
TABLE 90.ALTUS INTERVENTION: KEY EXECUTIVES
TABLE 91.ALTUS INTERVENTION: PRODUCT PORTFOLIO
TABLE 92.ALTUS INTERVENTION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 93.CALFRAC WELL SERVICES LTD.: COMPANY SNAPSHOT
TABLE 94.CALFRAC WELL SERVICES LTD.: KEY EXECUTIVES
TABLE 95.CALFRAC WELL SERVICES LTD., INC.: OPERATING SEGMENTS
TABLE 96.CALFRAC WELL SERVICES LTD.: PRODUCT PORTFOLIO
TABLE 97.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 98.BAKER HUGHES COMPANY: COMPANY SNAPSHOT
TABLE 99.BAKER HUGHES COMPANY: KEY EXECUTIVES
TABLE 100.BAKER HUGHES COMPANY, INC.: OPERATING SEGMENTS
TABLE 101.BAKER HUGHES COMPANY: PRODUCT PORTFOLIO
TABLE 102.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 103.BAKER HUGHES COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104.HALLIBURTON: COMPANY SNAPSHOT
TABLE 105.HALLIBURTON: KEY EXECUTIVES
TABLE 106.HALLIBURTON: OPERATING SEGMENTS
TABLE 107.HALLIBURTON: PRODUCT PORTFOLIO
TABLE 108.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 109.HALLIBURTON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110.STEP ENERGY SERVICES: COMPANY SNAPSHOT
TABLE 111.STEP ENERGY SERVICES: KEY EXECUTIVES
TABLE 112.STEP ENERGY SERVICES.: OPERATING SEGMENTS
TABLE 113.STEP ENERGY SERVICES: PRODUCT PORTFOLIO
TABLE 114.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 115.STEP ENERGY SERVICES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116.KEY ENERGY SERVICES, LLC.: COMPANY SNAPSHOT
TABLE 117.KEY ENERGY SERVICES, LLC.: KEY EXECUTIVES
TABLE 118.KEY ENERGY SERVICES, LLC.: OPERATING SEGMENTS
TABLE 119.KEY ENERGY SERVICES, LLC.: PRODUCT PORTFOLIO
TABLE 120.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 121.OCEANEERING INTERNATIONAL, INC.: COMPANY SNAPSHOT
TABLE 122.OCEANEERING INTERNATIONAL, INC.: KEY EXECUTIVES
TABLE 123.OCEANEERING INTERNATIONAL, INC.: OPERATING SEGMENTS
TABLE 124.OCEANEERING INTERNATIONAL, INC.: PRODUCT PORTFOLIO
TABLE 125.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 126.OCEANEERING INTERNATIONAL, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 127.SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
TABLE 128.SCHLUMBERGER LIMITED: KEY EXECUTIVES
TABLE 129.SCHLUMBERGER LIMITED.: OPERATING SEGMENTS
TABLE 130.SCHLUMBERGER LIMITED: PRODUCT PORTFOLIO
TABLE 131.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 132.SCHLUMBERGER LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 133.TRICAN: COMPANY SNAPSHOT
TABLE 134.TRICAN: KEY EXECUTIVES
TABLE 135.TRICAN: PRODUCT PORTFOLIO
TABLE 136.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 137.WEATHERFORD INTERNATIONAL PLC: COMPANY SNAPSHOT
TABLE 138.WEATHERFORD INTERNATIONAL PLC.: OPERATING SEGMENTS
TABLE 139.WEATHERFORD INTERNATIONAL PLC: PRODUCT PORTFOLIO
TABLE 140.OVERALL FINANCIAL STATUS ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.MODERATE THREAT OF NEW ENTRANTS
FIGURE 04.MODERATE THREAT OF SUBSTITUTES
FIGURE 05.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.VALUE CHAIN ANALYSIS
FIGURE 08.TOP INVESTMENT POCKETS
FIGURE 09.PATENT ANALYSIS, BY REGION
FIGURE 10.COILED TUBING MARKET DYNAMICS
FIGURE 11.GLOBAL COILED TUBING MARKET, BY OPERATION, 2020–2030
FIGURE 12.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR CIRCULATION, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR PUMPING, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 14.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR LOGGING, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 15.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 16.GLOBAL COILED TUBING MARKET, BY LOCATION, 2020–2030
FIGURE 17.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR ONSHORE, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 18.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR OFFSHORE, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 19.GLOBAL COILED TUBING MARKET, BY APPLICATION, 2020–2030
FIGURE 20.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR WELL INTERVENTION, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 21.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR DRILLING, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 22.COMPARATIVE ANALYSIS OF COILED TUBING MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 23.U.S.COILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 24.CANADA COILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 25.MEXICOCOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 26.UKCOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 27.GERMANYCOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 28.FRANCECOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 29.SPAIN COILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 30.ITALY COILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 31.REST OF EUROPE COILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 32.CHINACOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 33.INDIACOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 34.JAPANCOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 35.SOUTH KOREACOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 36.AUSTRALIACOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 37.REST OF ASIA-PACIFICCOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 38.LATIN AMERICACOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 39.MIDDLE EASTCOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 40.AFRICACOILED TUBING MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.MARKET PLAYER POSITIONING, 2020
FIGURE 42.TOP WINNING STRATEGIES, BY YEAR, 2017–2021
FIGURE 43.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2021 (%)
FIGURE 44.TOP WINNING STRATEGIES, BY COMPANY, 2017–2021
FIGURE 45.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 46.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 47.CALFRAC WELL SERVICES LTD.: REVENUE, 2018-2020 ($MILLION)
FIGURE 48.CALFRAC WELL SERVICES LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 49.CALFRAC WELL SERVICES LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 50.BAKER HUGHES COMPANY: REVENUE, 2018-2020 ($MILLION)
FIGURE 51.BAKER HUGHES COMPANY: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 52.BAKER HUGHES COMPANY: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 53.HALLIBURTON: REVENUE, 2018-2020 ($MILLION)
FIGURE 54.HALLIBURTON: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.HALLIBURTON: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 56.STEP ENERGY SERVICES: REVENUE, 2018-2020 ($MILLION)
FIGURE 57.STEP ENERGY SERVICES: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 58.STEP ENERGY SERVICES: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 59.KEY ENERGY SERVICES, LLC.: REVENUE, 2018-2020 ($MILLION)
FIGURE 60.KEY ENERGY SERVICES, LLC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 61.OCEANEERING INTERNATIONAL, INC.: REVENUE, 2018-2020 ($MILLION)
FIGURE 62.OCEANEERING INTERNATIONAL, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 63.OCEANEERING INTERNATIONAL, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 64.SCHLUMBERGER LIMITED: REVENUE, 2018-2020 ($MILLION)
FIGURE 65.SCHLUMBERGER LIMITED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 66.SCHLUMBERGER LIMITED: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 67.TRICAN: NET SALES, 2018–2020 ($MILLION)
FIGURE 68.TRICAN: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 69.WEATHERFORD INTERNATIONAL PLC: NET SALES, 2018–2020 ($MILLION)
FIGURE 70.WEATHERFORD INTERNATIONAL PLC: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 71.WEATHERFORD INTERNATIONAL PLC: REVENUE SHARE, BY REGION, 2020 (%)


 
 

Rapid industrialization is the key factor attributed to the leading position of North America and LAMEA regions in the global coiled tubing market. The North America region is further expected to provide lucrative opportunities to leading coiled tubing service provides, owing to its huge potential to enhance exploration & production activities and surge in demand for petroleum products across the globe.

Increase in demand for conventional fuels such as petrol, diesel, kerosene and others from the transportation and power generation industry is the key factor driving the growth of the global coiled tubing market during the forecast period. However, implementation of stringent government regulations toward environmental pollutions owing to the use of petroleum products is expected to hamper the growth of the market during the analyzed time frame. On the contrary, use of smart control systems in the coiled tubing equipment and R&D towards efficient well intervention services are anticipated to provide remunerative opportunity for the key players to maintain the pace in the coiled tubing market in the upcoming years.

Among the analyzed regions, North America is expected to account for the highest revenue in the market by the end of 2030, followed by LAMEA, Asia-Pacific, and Europe.

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A. Product launch, partnership, acquisition, agreement and business expansion are the key growth strategies of coiled tubing market players.

A. North America and LAMEA regions will provide more business opportunities for coiled tubing in future.

A. To get latest version of coiled tubing market report can be obtained on demand from the website.

A. Potential customers of coiled tubing industry are transportation, oil & gas, manufacturing, petrochemical, and others.

A. Increase in investment on oil & gas exploration and production activities is expected to be the current trend will influence the Coiled tubing market in the next few years.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Altus Intervention, Calfrac Well Services Ltd., Baker Hughes Company, Halliburton, Step Energy Services, Key Energy Services, LLC, Oceaneering International, Inc., Schlumberger Limited, Trican, and Weatherford International PLC are the leading global players in the coiled tubing market.

A. rise in demand for well intervention services & redevelopment of aged oilfields and increase in demand for oil & gas products and crude oil are the driving factors and opportunities in the coiled tubing market.

A. Key benefits of the coiled tubing market report include detailed analysis on global trends, key players, competitive scenario, opportunities, market size & forecast, and segmental & regional analysis.

A. Well intervention services, drilling, and others are the key applications expected to drive the adoption of coiled tubing.

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