Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention Service (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations) Drilling Service, Others), Application (Onshore, Offshore), Region - Global Forecast to 2025
[264 Pages Report] The global coiled tubing market in terms of revenue was estimated to worth $3.0 billion in 2020 and is poised to reach $4.0 billion by 2025, growing at a CAGR of 5.8 % from 2020 to 2025. Increasing efforts by upstream companies to enhance the production from the mature fields is driving the coiled tubing industry.
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Coiled Tubing Market Dynamics
Driver: Growing demand for well intervention operations is driving the coiled tubing market
High spending in global upstream and operational activities have begun to rise from the NOCs and the integrated oil companies. Furthermore, with the increasing demand for oil & gas ,the oil & gas upstream sector is improving their operational activities and increasing the production. All these factors are driving the demand for coiled tubing market.
Restraint: Risks associated with coiled tubing operations and regulations associated with operational safety are restraining the market growth
Coiled tubing is actually a subtle piece of equipment, and the tubing is relatively thin-walled. Since the tubing is constantly bent and straightened, often at high internal pressure, which can cause a small flaw, whether caused by corrosion or mechanically, Due to which there are high chances for operational damage. Surveys show that 80–90% of coiled tubing string failures within the past two decades were associated with corrosion, mechanical damage, human error, and string manufacturing problems.
Opportunities: Increasing exploration & production activities from new discoveries offer lucrative opportunities for the coiled tubing market
Advancements in the exploration technology, along with the declining oil reserves in shallow water and the commercial viability of the exploration projects, are the major driving factors for exploration & production operators to explore new oilfields, especially in the offshore regions. Hence creating new opportunities for coiled tubing.
Challenge: Challenging coiled tubing operations in offshore well interventions & drilling pose challenges for the coiled tubing market
High pressure losses while pumping fluids, coiled tubing corrosion, coiled tubing rotation inability, and logistical challenges with both road transport and offshore crane lifting are some of challenges faced by coiled tubing service providers during the offshore well intervention and drilling activities.
By service, the well intervention service segment is expected to make the largest contribution to the coiled tubing market during the forecast period.
Well intervention services include operations that are performed using coiled tubing units. The well intervention segment has been sub-segmented, by type, into well completions & mechanical operations and well cleaning & pumping operations. Well intervention services are done either through wireline or coiled tubing. Coiled tubing well intervention is the most popular as coiled tubing unit facilitates operations such as stimulation, re-perforation, fluid pumping, fishing, milling, sand control, and zonal isolation. The coiled tubing market is driven by rising well intervention operations demand.
By application, the onshore segment is expected to grow at the fastest rate during the forecast period.
The onshore segment is expected to grow at the fastest rate during the forecast period. The development of domestic shale gas and tight oil reserves drive the major surge in crude oil and natural gas production in the region. This has resulted in the improved efficiency of the operations for increasing production from oil & gas wells. The cost of onshore oil & gas wells depends on land acquisition, capitalized drilling, completion, facilities, processing, and transportation. The onshore fields have been producing for more than 150 years now, and most of them are depleting at faster rates
These oilfields are experiencing a decline in production, and the asset operators are investing in various recovery methods and intervention operations to expand and optimize the output from the wells. Under well intervention, coiled tubing services are used to achieve the most optimum production levels. Thus, a higher rate of onshore field depletion creates demand for the coiled tubing market for onshore applications.
North America is expected to be the largest market during the forecast period.
North America, Europe, South & Central America, Asia Pacific, Middle East, and Africa are the major regions considered for the study of the coiled tubing market. North America is estimated to be the largest market from 2020 to 2025, driven by the growth in unconventional resources in the US and Canada. Additionally, the demand for coiled tubing operations in the maturing offshore fields in the Gulf of Mexico and other onshore fields in the US is expected to drive market growth.
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Key Market Players
The major players in the global coiled tubing market are Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), NexTier Oilfield Solution (US), Superior Energy Services (US), Trican (Canada), Altus Intervention (Norway), National Energy Services Reunited (US), and RPC Inc. (US).
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Scope of the Report
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|
Report Metric |
Details |
|
Market Size available for years |
2016–2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2025 |
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Forecast units |
Value (USD) |
|
Segments covered |
Service, application, fleet, and region |
|
Geographies covered |
Asia Pacific, North America, Europe, the Middle East, Africa, and South & Central America |
|
Companies covered |
Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), NexTier Oilfield Solutions (US), Superior Energy Services (US), Trican (Canada), Altus Intervention (Norway), National Energy Services Reunited (US), RPC Inc. (US), Basic Energy Services (US), Oceaneering International (US), STEP Energy Services (Canada), Calfrac Well Services (Canada), Key Energy Services (US), Nine Energy Services (US), Pioneer Energy Services (US), Legend Energy Services (US), and Oilserv (UAE) |
This research report categorizes the coiled tubing market based on service, application, fleet, and region.
Based on service:
-
Well intervention
- Well Cleaning & Pumping Operations
- Well Completions & Mechanical Operations
- Drilling Service
- Others (Fishing, fracturing, wireline logging, and inspection)
Based on the application:
- Onshore
- Offshore
Based on the fleet:
-
Region
- North America
- Europe
- Asia Pacific
- South &Central America
- Middle East
- Africa
-
Operator
- NexTier Oilfield Solutions
- STEP Energy Services
- Key Energy Services
- Pioneer Energy Services
- Basic Energy Services
- Calfrac Well Services
Based on the region:
- North America
- Asia Pacific
- South & Central America
- Europe
- Middle East
- Africa
Recent Developments
- In June 2020, Weatherford launched the Velox wellhead system, solution for operators needing to lock in pressure integrity while enhancing safety and improving efficiency.
- In January 2020, Halliburton was awarded 7 contracts for drilling and completion services for the next phase of field development of the INPEX-operated Ichthys Project in the Browse Basin offshore northern Australia.
- In September 2019, Baker Hughes Company announced the successful deployment of its SureCONNECT downhole intelligent wet-mate system, in BP’s subsea wells. SureCONNECT enables real-time production monitoring and control of the completion system across the entire wellbore in multi-trip completions. This system allows operators to make data-driven decisions to optimize reservoir performance and proactively mitigate risks.
Frequently Asked Questions (FAQ):
What is the current size of the coiled tubing market?
The current market size of global coiled tubing market is USD 3.7 billion in 2019.
What is the major drivers for coiled tubing market?
Growing demand for well intervention operations is driving the coiled tubing market. Redevelopment of mature oilfields demands coiled tubing units for production enhancement, advancements in shale oil extraction require more coiled tubing operations are some of the major drivers driving the market of coiled tubing.
Which is the fastest growing region during the forecasted period in coiled tubing market?
North America is the fastest growing region during the forecasted period. The region offers immense opportunities for the coiled tubing service providers as the shale and offshore oilfield developments are increasing at a significant rate.
Which is the fastest growing segment, by service during the forecasted period in coiled tubing market?
The well intervention segment , by service is the fastest growing segment during the forecasted period. Owing to increase in expenditure on exploration & production activities, along with the boom in shale gas exploration, increased the share of the coiled tubing services market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 36)
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.2.1 COILED TUBING MARKET, BY SERVICE: INCLUSIONS VS. EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATION
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH DATA
FIGURE 1 COILED TUBING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
TABLE 1 COILED TUBING MARKET: PLAYERS/COMPANIES CONNECTED
2.2 SCOPE
2.3 KEY INFLUENCING FACTORS/DRIVERS
2.3.1 WELL COUNT
FIGURE 2 NEWLY DRILLED WELLS, 2018
2.3.2 COILED TUBING UNIT COUNT
FIGURE 3 CRUDE OIL PRICE AND OPERATIONAL WELL COUNT VS. COILED TUBING UNIT COUNT (2014–2018)
2.3.3 PRODUCTION TRENDS
FIGURE 4 OPERATIONAL WELL COUNT VS. CRUDE OIL PRODUCTION (2013–2019)
2.3.4 CRUDE OIL PRICES
FIGURE 5 CRUDE OIL PRICE TREND
2.3.5 IMPACT OF COVID-19
2.4 MARKET SIZE ESTIMATION
2.4.1 IDEAL DEMAND-SIDE ANALYSIS
TABLE 2 COILED TUBING MARKET: IDEAL DEMAND-SIDE APPROACH
2.4.1.1 Assumptions
2.4.1.2 Calculation
FIGURE 6 COILED TUBING MARKET: IDEAL DEMAND-SIDE CALCULATION
2.4.2 SUPPLY-SIDE ANALYSIS
2.4.2.1 Assumptions
2.4.2.2 Calculation
FIGURE 7 RESEARCH METHODOLOGY: ILLUSTRATION OF COILED TUBING COMPANY REVENUE ESTIMATION (2019)
FIGURE 8 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
2.4.3 FORECAST
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION METHODOLOGY
2.6 PRIMARY INSIGHTS
FIGURE 10 KEY SERVICE PROVIDERS’ POINT OF VIEW
3 EXECUTIVE SUMMARY (Page No. - 53)
3.1 PRE- AND POST-COVID-19 SCENARIO ANALYSIS
FIGURE 11 PRE- AND POST-COVID-19 SCENARIO ANALYSIS
TABLE 3 COILED TUBING MARKET SNAPSHOT
FIGURE 12 NORTH AMERICA DOMINATED THE MARKET IN 2019
FIGURE 13 NORTH AMERICA DOMINATED THE MARKET, BY FLEET, 2016–2019
FIGURE 14 WELL INTERVENTION SEGMENT IS EXPECTED TO LEAD THE MARKET, BY SERVICE, 2020–2025
FIGURE 15 ONSHORE SEGMENT IS EXPECTED TO DOMINATE THE MARKET, BY APPLICATION, DURING THE FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 58)
4.1 ATTRACTIVE OPPORTUNITIES IN THE MARKET
FIGURE 16 MATURING OILFIELDS TO DRIVE THE DEMAND FOR WELL INTERVENTION ACTIVITIES AND BOOST THE MARKET GROWTH, 2020–2025
4.2 COILED TUBING MARKET, BY SERVICE
FIGURE 17 WELL INTERVENTION SEGMENT IS EXPECTED TO DOMINATE THE MARKET, BY SERVICE, 2020—2025
4.3 COILED TUBING MARKET, BY APPLICATION
FIGURE 18 ONSHORE SEGMENT DOMINATED THE MARKET, BY APPLICATION IN 2019
4.4 COILED TUBING MARKET, BY REGION
FIGURE 19 COILED TUBING MARKET IN THE MIDDLE EAST IS EXPECTED TO REGISTER HIGHEST CAGR FROM 2020 TO 2025
4.5 NORTH AMERICAN MARKET, BY APPLICATION & COUNTRY
FIGURE 20 ONSHORE SEGMENT AND THE US DOMINATED THE NORTH AMERICAN MARKET IN 2019
5 MARKET OVERVIEW (Page No. - 61)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 21 COVID-19 GLOBAL PROPAGATION
FIGURE 22 COVID-19 PROPAGATION IN SELECT COUNTRIES
5.3 ROAD TO RECOVERY
FIGURE 23 RECOVERY ROAD FOR 2020
5.4 COVID-19 ECONOMIC ASSESSMENT
FIGURE 24 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020
5.5 MARKET DYNAMICS
FIGURE 25 COILED TUBING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.5.1 DRIVERS
5.5.1.1 Growing demand for well intervention operations is driving the market
FIGURE 26 WELL INTERVENTION SERVICES VS. COILED TUBING/WIRELINE DEPLOYMENT FOR PERFORMING THE OPERATIONS
FIGURE 27 GLOBAL OIL & GAS UPSTREAM CAPITAL SPENDING (2014–2019)
5.5.1.2 Redevelopment of mature oilfields demands coiled tubing units for production enhancement
FIGURE 28 PEAK LOSS OF OIL FROM MATURE CONVENTIONAL OILFIELDS (2010–2017)
5.5.1.3 Advancements in shale oil extraction require more coiled tubing operations
TABLE 4 TOP COUNTRIES WITH SIGNIFICANT TECHNICALLY RECOVERABLE SHALE RESOURCES
5.5.1.4 Rising primary energy consumption from Asia Pacific will boost the market in the region
FIGURE 29 WORLD OIL DEMAND GROWTH (2018–2024)
5.5.2 RESTRAINTS
5.5.2.1 Risks associated with coiled tubing operations and regulations associated with operational safety are restraining the market growth
5.5.2.2 Wireline operations, which are a cheaper substitute of coiled tubing operations, hinder the growth of the market
5.5.3 OPPORTUNITIES
5.5.3.1 Increasing exploration & production activities from new discoveries offer lucrative opportunities for the market
FIGURE 30 TRENDS OF EXPLORATIONS & PRODUCTION CAPEX WITH RESPECT TO CRUDE OIL PRICES (2010–2018)
5.5.3.2 Evolution of intelligent coiled tubing technologies
5.5.4 CHALLENGES
5.5.4.1 Challenging coiled tubing operations in offshore well interventions & drilling pose challenges for the market
5.5.4.2 Impact of COVID-19 on oil and gas production activities
5.6 ADJACENT AND INTERCONNECTED MARKETS
TABLE 5 ADJACENT AND INTERCONNECTED MARKETS (USD BILLION)
6 COILED TUBING MARKET, BY SERVICE (Page No. - 74)
6.1 INTRODUCTION
FIGURE 31 WELL INTERVENTION SEGMENT IS EXPECTED TO DOMINATE THE MARKET, BY SERVICE, 2020–2025
TABLE 6 COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 7 PRE-COVID-19: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 8 POST-COVID-19: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
6.2 WELL INTERVENTION
FIGURE 32 WELL COMPLETIONS & MECHANICAL OPERATIONS SUB-SEGMENT DOMINATED WELL INTERVENTION MARKET IN 2019
TABLE 9 WELL INTERVENTION: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 10 POST-COVID-19: WELL INTERVENTION: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
TABLE 11 WELL INTERVENTION: MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 12 POST-COVID-19: WELL INTERVENTION: MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
6.2.1 WELL COMPLETIONS & MECHANICAL OPERATIONS
6.2.1.1 Increasing concerns for improving well accessibility and enhancing production are expected to drive the well completions & mechanical operations market
TABLE 13 WELL COMPLETIONS & MECHANICAL OPERATIONS: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 14 POST-COVID-19: WELL COMPLETIONS & MECHANICAL OPERATIONS: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
6.2.2 WELL CLEANING & PUMPING OPERATIONS
6.2.2.1 Optimization of mature oil & gas reservoirs drives the demand for well cleaning & pumping operations
TABLE 15 WELL CLEANING & PUMPING OPERATIONS: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 16 POST-COVID-19: WELL CLEANING & PUMPING OPERATIONS: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
6.3 DRILLING
6.3.1 MULTILATERAL WELL DRILLING IS DRIVING THE COILED TUBING DRILLING MARKET
TABLE 17 DRILLING: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 18 POST-COVID-19: DRILLING: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
6.4 OTHERS
TABLE 19 OTHERS: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 20 POST-COVID-19: OTHERS: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
7 COILED TUBING MARKET, BY APPLICATION (Page No. - 85)
7.1 INTRODUCTION
FIGURE 33 ONSHORE SEGMENT IS EXPECTED TO LEAD MARKET, BY APPLICATION, FROM 2020 TO 2025
TABLE 21 COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 22 PRE-COVID-19: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 23 POST-COVID-19: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
7.2 ONSHORE
7.2.1 ONSHORE SHALE DEVELOPMENT IN NORTH AMERICA AND HIGHER NUMBER OF MATURE ONSHORE OILFIELDS IN THE MIDDLE EAST ARE LIKELY TO PROVIDE OPPORTUNITIES FOR COILED TUBING SERVICE PROVIDERS
TABLE 24 ONSHORE: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 25 POST-COVID-19: ONSHORE: MARKET SIZE, BY REGION, BY REGION, 2020–2025 (USD MILLION)
7.3 OFFSHORE
7.3.1 GREATER LOGISTICAL AND OPERATIONAL CHALLENGES ARE AFFECTING THE GROWTH OF COILED TUBING OPERATIONS IN OFFSHORE REGIONS
TABLE 26 OFFSHORE: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 27 POST-COVID-19: OFFSHORE: MARKET SIZE, BY REGION, BY REGION, 2020–2025 (USD MILLION)
8 COILED TUBING MARKET, BY FLEET (Page No. - 91)
8.1 INTRODUCTION
FIGURE 34 COILED TUBING FLEET, BY REGION, MARKET SHARE (VOLUME) 2019
TABLE 28 COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
8.2 BY REGION
8.2.1 NORTH AMERICA
8.2.1.1 Demand for coiled tubing operations from shale development in North America is the major reason for the higher number of active fleets in the region
8.2.2 EUROPE
8.2.2.1 Europe witnessed the highest utilization rate for coiled tubing fleets as offshore operations are high in the region
8.2.3 ASIA PACIFIC
8.2.3.1 Asia Pacific is expected to increase the highest number of fleet in the next 5 years as production activities in the region are rising
8.2.4 SOUTH & CENTRAL AMERICA
8.2.4.1 High demand for well intervention services from Brazil and Mexico were the major demand generators for coiled tubing units in South & Central America
8.2.5 MIDDLE EAST
8.2.5.1 Redevelopment of the mature fields in the Middle East creates an enormous demand for coiled tubing services in the region
8.2.6 AFRICA
8.2.6.1 Africa is still in the nascent phase for the market; thus, the fleet count is lower in the region
TABLE 29 FLEET: MARKET, BY REGION, 2016–2019 (UNITS)
TABLE 30 UTILIZATION RATE: MARKET, BY REGION, 2016–2019 (%)
TABLE 31 ACTIVE FLEET: MARKET, BY REGION, 2016–2019 (UNITS)
8.3 BY OPERATOR
8.3.1 INTRODUCTION
TABLE 32 FLEET: MARKET, BY OPERATOR, 2016–2019 (UNITS)
TABLE 33 UTILIZATION RATE: MARKET, BY OPERATOR, 2016–2019 (%)
TABLE 34 ACTIVE FLEET: MARKET, BY OPERATOR, 2016–2019 (UNITS)
8.3.2 NEXTIER OILFIELD SOLUTIONS
TABLE 35 NEXTIER OILFIELD SOLUTIONS: MARKET, BY FLEET, 2016–2019 (UNITS)
8.3.3 STEP ENERGY SERVICES
TABLE 36 STEP ENERGY SERVICES: MARKET, BY FLEET, 2016–2019 (UNITS)
8.3.4 KEY ENERGY SERVICES
TABLE 37 KEY ENERGY SERVICES: MARKET, BY FLEET, 2016–2019 (UNITS)
8.3.5 PIONEER ENERGY SERVICES
TABLE 38 PIONEER ENERGY SERVICES: MARKET, BY FLEET, 2016–2019 (UNITS)
8.3.6 BASIC ENERGY SERVICES
TABLE 39 BASIC ENERGY SERVICES: ARKET, BY FLEET, 2016–2019 (UNITS)
8.3.7 CALFRAC WELL SERVICES
TABLE 40 CALFRAC WELL SERVICES: MARKET, BY FLEET, 2016–2019 (UNITS)
9 COILED TUBING MARKET, BY REGION (Page No. - 100)
9.1 INTRODUCTION
FIGURE 35 SAUDI ARABIA MARKET IS EXPECTED TO REGISTER HIGHEST CAGR FROM 2020 TO 2025
FIGURE 36 NORTH AMERICA IS EXPECTED TO DOMINATE MARKET, BY REGION, 2020–2025
TABLE 41 COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 42 PRE-COVID-19: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
TABLE 43 POST-COVID-19: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 37 REGIONAL SNAPSHOT: NORTH AMERICAN MARKET, 2019
9.2.1 BY SERVICE
TABLE 44 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 45 POST-COVID-19: NORTH AMERICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 46 WELL INTERVENTION: NORTH AMERICA MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 47 POST-COVID-19: WELL INTERVENTION: NORTH AMERICA MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.2.2 BY APPLICATION
TABLE 48 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 49 POST-COVID-19: NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.2.3 BY FLEET
TABLE 50 NORTH AMERICA: MARKET, BY FLEET, 2016–2019 (UNITS)
9.2.4 BY COUNTRY
TABLE 51 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 52 POST-COVID-19: NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
FIGURE 38 US DOMINATED THE NORTH AMERICAN MARKET IN 2019
9.2.5 US
9.2.5.1 Rising demand for well intervention operations for shale development and redevelopment of mature oil basins is driving the US market
TABLE 53 US: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 54 POST-COVID-19: US: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 55 US: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 56 POST-COVID-19: US: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.2.6 CANADA
9.2.6.1 Rising focus on the increasing production from the oil sands is likely to drive the market in Canada
TABLE 57 CANADA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 58 POST-COVID-19: CANADA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 59 CANADA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 60 POST-COVID-19: CANADA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3 EUROPE
FIGURE 39 REGIONAL SNAPSHOT: EUROPEAN MARKET, 2019
9.3.1 BY SERVICE
TABLE 61 EUROPE: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 62 POST-COVID-19: EUROPE: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 63 WELL INTERVENTION: EUROPE MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 64 POST-COVID-19: WELL INTERVENTION: EUROPE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.3.2 BY APPLICATION
TABLE 65 EUROPE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 66 POST-COVID-19: EUROPE: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3.3 BY FLEET
TABLE 67 EUROPE: MARKET, BY FLEET, 2016–2019 (UNITS)
9.3.4 BY COUNTRY
TABLE 68 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 69 POST-COVID-19: EUROPE: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.3.4.1 Russia
9.3.4.1.1 Rising exploration & production activities in the East Siberia and Caspian region are likely to drive the Russian market
TABLE 70 RUSSIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 71 POST-COVID-19: RUSSIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 72 RUSSIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 73 POST-COVID-19: RUSSIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3.4.2 UK
9.3.4.2.1 Rising demand for well intervention operations in the UK is likely to drive the market
TABLE 74 UK: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 75 POST-COVID-19: UK: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 76 UK: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 77 POST-COVID-19: UK: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3.4.3 Norway
9.3.4.3.1 High maturity rates of oil & gas fields in Norwegian Continental Shelf (NCS) are boosting the demand for coiled tubing operations in Norway
TABLE 78 NORWAY: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 79 POST-COVID-19: NORWAY: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 80 NORWAY: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 81 POST-COVID-19: NORWAY: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3.4.4 Rest of Europe
TABLE 82 REST OF EUROPE: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 83 POST-COVID-19: REST OF EUROPE: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 84 REST OF EUROPE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 85 POST-COVID-19: REST OF EUROPE: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4 SOUTH & CENTRAL AMERICA
9.4.1 BY SERVICE
TABLE 86 SOUTH & CENTRAL AMERICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 87 POST-COVID-19: SOUTH & CENTRAL AMERICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 88 WELL INTERVENTION: SOUTH & CENTRAL AMERICA MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 89 POST-COVID-19: WELL INTERVENTION: SOUTH & CENTRAL AMERICA MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.4.2 BY APPLICATION
TABLE 90 SOUTH & CENTRAL AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 91 POST-COVID-19: SOUTH & CENTRAL AMERICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.3 BY FLEET
TABLE 92 SOUTH & CENTRAL AMERICA: MARKET, BY FLEET, 2016–2019 (UNITS)
9.4.4 BY COUNTRY
TABLE 93 SOUTH & CENTRAL AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 94 POST-COVID-19: SOUTH & CENTRAL AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.4.4.1 Mexico
9.4.4.1.1 Investments for expediting oil & gas production from existing reserves are driving the Mexican market
TABLE 95 MEXICO: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 96 POST-COVID-19: MEXICO: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 97 MEXICO: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 98 POST-COVID-19: MEXICO: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.4.2 Brazil
9.4.4.2.1 Recent developments in offshore Brazilian oil & gas fields are driving the market
TABLE 99 BRAZIL: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 100 POST-COVID-19: BRAZIL: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 101 BRAZIL: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 102 POST-COVID-19: BRAZIL: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.4.3 Venezuela
9.4.4.3.1 Reviving oil & gas activities in Venezuela is likely to bring opportunities for the market
TABLE 103 VENEZUELA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 104 POST-COVID-19: VENEZUELA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 105 VENEZUELA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 106 POST-COVID-19: VENEZUELA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.4.4 Argentina
9.4.4.4.1 Development of shale reserves is expected to drive the well intervention market, thereby driving the market in Argentina
TABLE 107 ARGENTINA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 108 POST-COVID-19: ARGENTINA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 109 ARGENTINA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 110 POST-COVID-19: ARGENTINA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.4.5 Rest of South & Central America
TABLE 111 REST OF SOUTH & CENTRAL AMERICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 112 POST-COVID-19: REST OF SOUTH & CENTRAL AMERICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 113 REST OF SOUTH & CENTRAL AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 114 POST-COVID-19: REST OF SOUTH & CENTRAL AMERICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5 ASIA PACIFIC
9.5.1 BY SERVICE
TABLE 115 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 116 POST-COVID-19: ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 117 WELL INTERVENTION: ASIA PACIFIC MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 118 POST-COVID-19: WELL INTERVENTION: ASIA PACIFIC MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.5.2 BY APPLICATION
TABLE 119 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 120 POST-COVID-19: ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.3 BY FLEET
TABLE 121 ASIA PACIFIC: MARKET, BY FLEET, 2016–2019 (UNITS)
9.5.4 BY COUNTRY
TABLE 122 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 123 POST-COVID-19: ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.5.4.1 China
9.5.4.1.1 Deepwater drilling activities and shale exploration & production are likely to drive the Chinese market
TABLE 124 CHINA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 125 POST-COVID-19: CHINA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 126 CHINA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 127 POST-COVID-19: CHINA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.2 India
9.5.4.2.1 Revamping of mature oilfields is expected to drive the market in India during the forecast period
TABLE 128 INDIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 129 POST-COVID-19: INDIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 130 INDIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 131 POST-COVID-19: INDIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.3 Australia
9.5.4.3.1 Development of the untapped shale reserves in Australia is driving the Australian market
TABLE 132 AUSTRALIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 133 POST-COVID-19: AUSTRALIA :MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 134 AUSTRALIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 135 POST-COVID-19: AUSTRALIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.4 Indonesia
9.5.4.4.1 Rising demand for well intervention operations to revive the production is boosting the demand for coiled tubing operations in Indonesia
TABLE 136 INDONESIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 137 POST-COVID-19: INDONESIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 138 INDONESIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 139 POST-COVID-19: INDONESIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.5 Malaysia
9.5.4.5.1 Concerns for optimization of oil & gas production are likely to drive the Malaysian coiled tubing market
TABLE 140 MALAYSIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 141 POST-COVID-19: MALAYSIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 142 MALAYSIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 143 POST-COVID-19: MALAYSIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.6 Rest of Asia Pacific
TABLE 144 REST OF ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 145 POST-COVID-19: REST OF ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 146 REST OF ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 147 POST-COVID-19: REST OF ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6 MIDDLE EAST
9.6.1 BY SERVICE
TABLE 148 MIDDLE EAST: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 149 POST-COVID-19: MIDDLE EAST: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 150 WELL INTERVENTION: MIDDLE EAST MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 151 POST-COVID-19: WELL INTERVENTION: MIDDLE EAST MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.6.2 BY APPLICATION
TABLE 152 MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 153 POST-COVID-19: MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.3 BY FLEET
TABLE 154 MIDDLE EAST: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
9.6.4 BY COUNTRY
TABLE 155 MIDDLE EAST: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 156 POST-COVID-19: MIDDLE EAST: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.6.4.1 Saudi Arabia
9.6.4.1.1 Boosted oil production from onshore fields and the surge in offshore oil & gas exploration are expected to drive the coiled tubing market
TABLE 157 SAUDI ARABIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 158 POST-COVID-19: SAUDI ARABIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 159 SAUDI ARABIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 160 POST-COVID-19: SAUDI ARABIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.4.2 UAE
9.6.4.2.1 Demand for well intervention services is likely to grow with fast depleting oil production from oilfields
TABLE 161 UAE: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 162 POST-COVID-19: UAE: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 163 UAE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 164 POST-COVID-19: UAE: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.4.3 Kuwait
9.6.4.3.1 The government’s focus to increase oil production is expected to create opportunities for coiled tubing operations
TABLE 165 KUWAIT: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 166 POST-COVID-19: KUWAIT: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 167 KUWAIT: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 168 POST-COVID-19: KUWAIT: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.4.4 Oman
9.6.4.4.1 Recent oil & gas exploration & production activities in onshore Oman are likely to create demand for the coiled tubing market in the country
TABLE 169 OMAN: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 170 POST-COVID-19: OMAN: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 171 OMAN: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 172 POST-COVID-19: OMAN: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.4.5 Rest of Middle East
TABLE 173 REST OF MIDDLE EAST: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 174 POST-COVID-19: REST OF MIDDLE EAST: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 175 REST OF MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 176 POST-COVID-19: REST OF MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7 AFRICA
9.7.1 BY SERVICE
TABLE 177 AFRICA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 178 POST-COVID-19: AFRICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 179 WELL INTERVENTION: AFRICA MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 180 POST-COVID-19: WELL INTERVENTION: AFRICA MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.7.2 BY APPLICATION
TABLE 181 AFRICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 182 POST-COVID-2019: AFRICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.3 BY FLEET
TABLE 183 AFRICA: MARKET, BY FLEET, 2016–2019 (UNITS)
9.7.4 BY COUNTRY
TABLE 184 AFRICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 185 POST-COVID-19: AFRICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.7.4.1 Algeria
9.7.4.1.1 Upcoming drilling projects in Algeria and rising capital expenditure in upstream operations are likely to boost the coiled tubing market in the country
TABLE 186 ALGERIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 187 POST-COVID-19: ALGERIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 188 ALGERIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 189 POST-COVID-19: ALGERIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.4.2 Egypt
9.7.4.2.1 New discoveries in Egypt pave demand opportunities for coiled tubing operations
TABLE 190 EGYPT: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 191 POST-COVID-19: EGYPT: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 192 EGYPT: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 193 POST-COVID-19: EGYPT: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.4.3 Nigeria
9.7.4.3.1 Rising exploration activities and developments in mature oil & gas fields are expected to support the coiled tubing market in Nigeria during the forecast period
TABLE 194 NIGERIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 195 POST-COVID-19: NIGERIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 196 NIGERIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 197 POST-COVID-19: NIGERIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.4.4 Angola
9.7.4.4.1 Demand for well intervention operations from offshore locations is driving the coiled tubing market in Angola
TABLE 198 ANGOLA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 199 POST-COVID-19: ANGOLA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 200 ANGOLA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 201 POST-COVID-19: ANGOLA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.4.5 Rest of Africa
TABLE 202 REST OF AFRICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 203 POST-COVID-19: REST OF AFRICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 204 REST OF AFRICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 205 POST-COVID-19: REST OF AFRICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 177)
10.1 OVERVIEW
FIGURE 40 KEY DEVELOPMENTS IN THE COILED TUBING MARKET, 2016–2020
10.2 RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2019
FIGURE 41 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
10.3 COMPETITIVE SCENARIO
TABLE 206 DEVELOPMENTS OF KEY PLAYERS IN THE MARKET, JANUARY 2016–JUNE 2020
10.3.1 MERGERS & ACQUISITIONS
10.3.2 CONTRACTS & AGREEMENTS
10.3.3 NEW PRODUCT LAUNCH
10.3.4 ALLIANCES/COLLABORATIONS/JOINT VENTURES/PARTNERSHIPS
10.4 COMPETITIVE LEADERSHIP MAPPING
10.4.1 VISIONARY LEADERS
10.4.2 INNOVATORS
10.4.3 DYNAMIC
10.4.4 EMERGING
FIGURE 42 COILED TUBING MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
11 COMPANY PROFILE (Page No. - 184)
(Business overview, Product & Service offerings, Recent developments, SWOT analysis & MnM View)*
11.1 HALLIBURTON
FIGURE 43 HALLIBURTON: COMPANY SNAPSHOT
11.2 SCHLUMBERGER
FIGURE 44 SCHLUMBERGER: COMPANY SNAPSHOT
11.3 BAKER HUGHES COMPANY
FIGURE 45 BAKER HUGHES COMPANY: COMPANY SNAPSHOT
11.4 WEATHERFORD
FIGURE 46 WEATHERFORD: COMPANY SNAPSHOT
11.5 NEXTIER OILFIELD SOLUTIONS
FIGURE 47 NEXTIER OILFIELD SOLUTIONS: COMPANY SNAPSHOT
11.6 RPC, INC.
FIGURE 48 RPC, INC.: COMPANY SNAPSHOT
11.7 STEP ENERGY SERVICES
FIGURE 49 STEP ENERGY SERVICES: COMPANY SNAPSHOT
11.8 SUPERIOR ENERGY SERVICES
FIGURE 50 SUPERIOR ENERGY SERVICES: COMPANY SNAPSHOT
11.9 TRICAN
FIGURE 51 TRICAN: COMPANY SNAPSHOT
11.10 ALTUS INTERVENTION
11.11 NATIONAL ENERGY SERVICES REUNITED (NESR)
FIGURE 52 NATIONAL ENERGY SERVICES REUNITED (NESR): COMPANY SNAPSHOT
11.12 OILSERV
11.13 BASIC ENERGY SERVICES
FIGURE 53 BASIC ENERGY SERVICES: COMPANY SNAPSHOT
11.14 OCEANEERING INTERNATIONAL
FIGURE 54 OCEANEERING INTERNATIONAL: COMPANY SNAPSHOT
11.15 CALFRAC WELL SERVICES
FIGURE 55 CALFRAC WELL SERVICES: COMPANY SNAPSHOT
11.16 KEY ENERGY SERVICES
FIGURE 56 KEY ENERGY SERVICES: COMPANY SNAPSHOT
11.17 NINE ENERGY SERVICES
FIGURE 57 NINE ENERGY SERVICES: COMPANY SNAPSHOT
11.18 PIONEER ENERGY SERVICES
FIGURE 58 PIONEER ENERGY SERVICES: COMPANY SNAPSHOT
11.19 LEGEND ENERGY SERVICES
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
12 ADJACENT & RELATED MARKETS (Page No. - 234)
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 OIL & GAS INTERCONNECTED MARKETS
12.4 WELL INTERVENTION MARKET
12.4.1 MARKET DEFINITION
12.4.2 LIMITATION
12.4.3 MARKET OVERVIEW
FIGURE 59 WELL INTERVENTION MARKET, 2018—2025 (USD MILLION)
12.4.4 WELL INTERVENTION MARKET, BY APPLICATION
12.4.4.1 Onshore
TABLE 207 ONSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 208 POST-COVID-19: ONSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
12.4.4.2 Offshore
TABLE 209 OFFSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 210 POST-COVID-19: OFFSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
12.4.5 WELL INTERVENTION MARKET, BY REGION
12.4.5.1 North America
TABLE 211 NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 212 POST-COVID-19: NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.2 Europe
TABLE 213 EUROPE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 214 POST-COVID-19: EUROPE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.3 South & Central America
TABLE 215 SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 216 POST-COVID -19: SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.4 Asia Pacific
TABLE 217 ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 218 POST-COVID-19: ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.5 Middle East
TABLE 219 MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 220 POST-COVID-19: MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.6 Africa
TABLE 221 AFRICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 222 POST-COVID-19: AFRICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.5 ARTIFICIAL LIFT MARKET
12.5.1 MARKET DEFINITION
12.5.2 ARTIFICIAL LIFT MARKET, BY MECHANISM: INCLUSIONS VS. EXCLUSIONS
12.5.3 LIMITATIONS
12.5.4 MARKET OVERVIEW
FIGURE 60 ARTIFICIAL LIFT MARKET, 2018—2025 (USD MILLION)
12.5.5 ARTIFICIAL LIFT MARKET, BY APPLICATION
12.5.5.1 Onshore
TABLE 223 ONSHORE: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
12.5.5.2 Offshore
TABLE 224 OFFSHORE: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
12.5.6 ARTIFICIAL LIFT MARKET, BY REGION
12.5.6.1 North America
TABLE 225 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.6.2 Europe
TABLE 226 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.6.3 Asia Pacific
TABLE 227 ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.6.4 South & Central America
TABLE 228 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.6.5 Middle East & Africa
TABLE 229 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.6 DIGITAL OILFIELD MARKET
12.6.1 MARKET DEFINITION
12.6.2 LIMITATIONS
12.6.3 MARKET OVERVIEW
FIGURE 61 DIGITAL OILFIELD MARKET, 2018—2025 (USD BILLION)
12.6.4 DIGITAL OILFIELD MARKET, BY APPLICATION
12.6.4.1 Onshore
TABLE 230 ONSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
TABLE 231 POST-COVID-19: ONSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
12.6.4.2 Offshore
TABLE 232 OFFSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
TABLE 233 POST-COVID-19: OFFSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
12.6.5 DIGITAL OILFIELD MARKET, BY REGION
12.6.5.1 Europe
TABLE 234 EUROPE: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 235 POST-COVID-19: EUROPE: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.2 Asia Pacific
TABLE 236 ASIA PACIFIC: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 237 POST-COVID-19: ASIA PACIFIC: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.3 Middle East
TABLE 238 MIDDLE EAST: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 239 POST-COVID-19: MIDDLE EAST : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.4 North America
TABLE 240 NORTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 241 POST-COVID-19: NORTH AMERICA : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.5 Africa
TABLE 242 AFRICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 243 POST-COVID-19: AFRICA : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.6 South America
TABLE 244 SOUTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 245 POST-COVID-19: SOUTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
13 APPENDIX (Page No. - 257)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the global coiled tubing market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global coiled tubing market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The coiled tubing market comprises several stakeholders, such as end-product manufacturers and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as drilling service providers, upstream operators, and others. The supply-side is characterized by intervention service providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global coiled tubing market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.
Report Objectives
- To define, describe, segment, and forecast the coiled tubing market on the basis of service, application, fleet, and region
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future expansions, and contribution of each segment to the market
- The impact of the COVID-19 pandemic on the market has been analyzed for the estimation of the market size.
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To forecast the growth of the coiled tubing market with respect to the main regions (North America, Europe, Asia Pacific, Middle East, South & Central America, and Africa)
- To profile and rank key players and comprehensively analyze their market share
- To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the coiled tubing market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Coiled Tubing Market
Can you please share the key players and comprehensively analyze their respective market shares and core competencies of Coiled Tubing Market to the forecast period.. Need to know more.