The Africa Coiled Tubing Services Market is Estimated to Grow $193.8 Million by 2019 – New Report by MicroMarket Monitor

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The coiled tubing services market in Africa to reach $193.8 million by 2019, at a CAGR of 6.4% from 2013 to 2019.

MicroMarket Monitor

MicroMarket Monitor

The Key Players of the Africa Coiled Tubing Services Market include Halliburton (U.S.), Baker Hughes Inc. (U.S.), Weatherford International Ltd. (Switzerland), and Trican Well Service (Canada).

The Africa coiled tubing services market report defines and segments the coiled tubing services market in Africa with analysis and forecast of revenue. The coiled tubing services market in Africa is estimated to grow from around $140.0 million in 2013 to $193.8 million by 2019, at a CAGR of 6.4% from 2013 to 2019.

Browse through the TOC of the Africa Coiled Tubing Services Market, to get an idea of the in-depth analysis, supported by various tables and figures.

The rising energy demand, redevelopment of mature oil wells, increasing exploration and production activities in shale reservoirs, and commercially viable offshore drilling at multiple depths are some of the key drivers of the Africa coiled tubing services market.

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Algeria is the largest segment in the African coiled tubing services market, and as of 2013, contributed about 28.5% of the African market.

The market is segmented and forecast on the basis of coiled tubing service types, namely, well intervention, drilling services, and others. The market is further segmented and forecast on the basis of major countries, specifically Algeria, Egypt, and other countries.

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The report also details the market share and value chain analyses, and market metrics such as drivers and restraints. Additionally, it presents a competitive landscape and company profiles of key players in the market, including major companies which provide coiled tubing services.

The major players operating in the Africa coiled tubing market are Schlumberger (U.S.), Baker Hughes (U.S.), Halliburton (U.S.), and Weatherford (Ireland).

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. Decreasing crude oil prices, strict government & environmental policies, and high market competition may act as restraints for the growth of the Europe coiled tubing market.

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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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