Coiled Tubing Market by Service [Well Intervention (Well Completion & Well Cleaning)] Worth $4.0 Billion By 2018 - New Report by MarketsandMarkets

Coiled Tubing Market report analyzes and provides coiled tubing service market, by different service type and, geography. (http://www.marketsandmarkets.com/Market-Reports/coiled-tubing-market-804.html)

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend
MarketsandMarkets

MarketsandMarkets

Key Players in the market are Schlumberger Ltd., Halliburton, and Baker Hughes Inc., Weatherford International LTD, Xtreme Drilling And Coil Services

(PRWEB) March 07, 2014

The report “Coiled Tubing Market By Services [Well Intervention (Well Completion & Well Cleaning) & Drilling], Active Fleet & By Geography - Global Trends & Forecasts To 2018” defines and segments the coiled tubing market with analysis and forecasting of the global services revenue and active fleet. It also identifies driving and restraining factors for the coiled tubing market with an analysis of trends, opportunities, burning issues, and winning imperatives.

Browse more than 128 market data tables 35 figures spread through 256 pages and in-depth TOC on “Coiled Tubing Market”.
http://www.marketsandmarkets.com/Market-Reports/coiled-tubing-market-804.html

Early buyers will receive 10% customization on this report.

Enquiry before buying at http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=804.

Coiled tubing well intervention– major service type for the coiled tubing market

Coiled tubing services are categorized into three—well intervention, drilling, and others. Well intervention service is the major category by market size by value. These services include well cleaning and well completion services, such as acid and chemical treatments, fishing, logging and perforation, fracturing, removal of sand, wax, and other plugs, scale removal, high-pressure jet washing, nitrogen pumping, and others. The key advantages of CT technology over conventional technologies include ability to safely work on a live well without having to kill it and increased speed of operations in a well.

Global coiled tubing market to reach more than $ 4.0 billion by 2018

The global market for coiled tubing in terms of revenue is estimated to grow at a CAGR of 7.0% from 2013 to 2018 and reach over $ 4.0 billion. North America is the dominant market by value in 2012 and is expected to remain an important player in the forecast period. Middle East and Europe are two regions with most promising growth rates of 12% and 9% (CAGR 2013-2018) due to increasing requirement of well completion and cleaning services.

North America- coiled tubing market revenue is expected to grow mildly in the next five years

North America is the largest market for coiled tubing by value and by active fleet count. The region which did fairly well in the last 10 years accounted for nearly half of the total revenue in 2012. The region started to witness poor growth margins in the last three years due to intense completion prevailing in the industry and falling natural prices. The severity in the market is likely to continue allowing marginal growth at a CAGR of over 3% from 2013 to 2018 shrinking the market share by more than 20% by 2018.

Download free PDF sample at http://www.marketsandmarkets.com/pdfdownload.asp?id=804.

Browse related reports

Well Intervention Market, by Service Types (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), Application Areas (Onshore & Offshore), and Geography - Global Trends & Forecast To 2018
http://www.marketsandmarkets.com/Market-Reports/well-intervention-market-1099.html

Artificial Lift Systems Market, by Types (ESP, PCP, Rod Lift), by Component (Pump, Motor, Separator, Cable, Pump Jack, Sucker Rod), by Countries (U.S., Canada, Russia, China, Venezuela) - Trends & Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/artificial-lift-systems-market-1263.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/energy-and-power.
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets.


Contact

Follow us on: Contact's Google Plus