The Key Players of the Asia Pacific Coiled Tubing Market include Baker Hughes Inc. (U.S.), Halliburton Company (U.S.), Superior Energy Services, Inc. (U.S.), Weatherford International Ltd. (Ireland), Schlumberger Ltd. (U.S.).
(PRWEB) April 29, 2015
The coiled tubing services market in Asia Pacific was valued at $362.9 million in 2014, and is estimated to grow to $465.6 million by 2019, at a CAGR of 5.1% from 2014 to 2019.
Browse through the TOC of Asia pacific coiled tubing market for an analysis of industry trends and segments, with the help of various tables and figures.
The growth in the Asia Pacific coiled tubing services market is attributed to the rising onshore activity in that region, especially in China. To cater to the rising energy demands in China and the resulting hike in the oil & gas consumption in that country, the drilling activity of that region has been expanded to a large scale in the recent years.
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The main services offered in the concerned market are well intervention and drilling, among others. The market has been analyzed taking into consideration the major countries in the Asia Pacific market, such as China, India, Kazakhstan, and Australia. Oilfield service companies and oil & gas field operators are the main stakeholders of this market.
This report also includes the market share, supply chain, and value chain analyses and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market, including major companies which provide coiled tubing services.
Middle East Coiled Tubing Market
The coiled tubing services market in the Middle East was valued at $298 million in 2013, and is forecast to reach $522 million by 2018, at a CAGR of 12%, from 2013 to 2018. The well intervention services accounted for $221 million, which is almost 74 % of the total coiled tubing services in the Middle East.
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