Coiled Tubing Market worth $4.3 Billion by 2019 - New Report by MarketsandMarkets
Dallas, TX (PRWEB) November 28, 2014 -- The report “Coiled Tubing Market by Services [(Well Intervention (Well Completion & Well Cleaning) & Drilling], Active Fleet & by Geography - Global Trends & Forecast to 2019”, defines and segments the Coiled Tubing Market with analysis and forecasting of the global services revenue and active fleet.
Browse 96 market data tables with 30 figures spread through 150 pages and in-depth TOC on “Coiled Tubing Market - Global Trends & Forecast to 2019”.
http://www.marketsandmarkets.com/Market-Reports/coiled-tubing-market-804.html
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The market is segmented and revenues are forecasted on the basis of regions, such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Coiled Tubing Market by Services is projected to grow from an estimated value of $3 Billion in 2014 to $4.3 Billion by 2019 at a CAGR of approx. 7 - 8% from 2014 to 2019.
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North America - Coiled Tubing Market Revenue is expected to grow marginally 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 2013. In North America, the U.S. holds a major share of the active fleet count of more than 59% active fleet count in 2013. Due to the increase in the shale activities in the region there is growth of ultra-deep coiled tubing services.
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.
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