South America Coiled Tubing Market is Estimated to Reach $464.4 Million in 2019 - A Report by MicroMarket Monitor

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The growth of the South America Coiled Tubing Market is mainly driven by the rising energy demand and the resultant increase in drilling activities in the region.

MicroMarket Monitor

MicroMarket Monitor

Key players in South America Coiled Tubing Market include Halliburton (U.S.), Baker Hughes (U.S.), Superior Energy Inc. (U.S.), and Weatherford International (Ireland)

The South America coiled tubing services market is estimated to grow from $337.4 million in 2013 to $464.4 million by 2019, at a CAGR of 6.6% from 2014 to 2019.

Browse through the TOC of South America Coiled Tubing Market for an analysis of industry trends and segments, with the help of various tables and figures.

The rising energy demand, redevelopment of mature oil field wells, increasing exploration and production activities in shale reservoirs, and commercially viable offshore drilling at multiple depths are among the key factors driving the South American coiled tubing market.

In the South American market, the Brazilian segment holds the largest share, having accounted for 27% share of the regional market in 2014. The other major countries contributing to the South American market are Venezuela, Argentina, and Columbia.

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The South American coiled tubing market has been segmented and forecast on the basis of service types, such as well intervention and drilling services. The market has been further segmented and forecast on the basis of major countries, such as Brazil, Venezuela, Argentina, and Columbia.
This report also includes the market share and value chain analyses, and market metrics such as drivers and restraints.

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In addition, the report presents a competitive landscape and company profiles of the key players in the market. Halliburton Co., Schlumberger Ltd., and Weatherford International are among the major players in the South American coiled tubing market.

Related Report:

Europe Coiled Tubing Market
The Europe coiled tubing market is expected to grow at a CAGR of 7.2% from 2014 to 2019. Overall growth in the number of oil reserves, increasing energy requirements, geo-political & macro-economic factors and increased exploration of gas reserves are the key factors fuelling the growth of the coiled tubing market in Europe.

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MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Oil & Gas industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Oil & Gas industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.

About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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