Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention Service (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations) Drilling Service, Others), Application (Onshore, Offshore), Region - Global Forecast to 2035
The global coiled tubing market was valued at USD 3.84 billion in 2024 and is estimated to reach USD 5.76 billion by 2035, at a CAGR of 3.9% between 2025 and 2035.
The coiled tubing market is driven by rising demand for efficient well intervention, drilling, and maintenance operations in the oil and gas sector. Its advantages in enhancing production, reducing downtime, and lowering operational costs make it a preferred alternative to conventional workover methods. The adoption of digital oilfield technologies under Industry 4.0/5.0 is improving real-time monitoring and operational efficiency. Recent trends include advanced high-strength tubing materials, integration of downhole tools, and hybrid coiled tubing units. North America, particularly the U.S. and Canada, leads market growth due to expanding shale gas exploration and EOR investments.
Coiled tubing is a continuous length of steel pipe wound onto a spool, used primarily for well intervention, drilling, and completion operations in the oil and gas industry. It enables efficient downhole operations without removing the tubing from the well, reducing downtime and operational costs. The system operates with various tools and equipment such as injectors, reel units, and control systems that manage pressure, flow, and movement. Coiled tubing is commonly used for applications like well cleaning, acidizing, fracturing, and milling, offering flexibility, speed, and cost-effectiveness compared to conventional workover methods.
Market by Service
Well Intervention
The coiled tubing market for well intervention is driven by the need to maintain and enhance production from existing oil and gas wells. Coiled tubing enables efficient operations such as well cleanouts, acid stimulation, scale removal, and fishing, without the need to pull the entire tubing string, reducing downtime and operational costs. Its flexibility and ability to operate under live well conditions make it ideal for interventions in mature and unconventional fields. Growing focus on optimizing production, combined with advanced coiled tubing units equipped with real-time monitoring and downhole measurement tools, is further boosting market adoption.
Drilling
In drilling applications, coiled tubing is increasingly used for slimhole drilling, underbalanced drilling, and extended-reach operations. Its continuous, jointless design allows for faster deployment and safer operations, particularly in challenging onshore and offshore environments. Coiled tubing drilling reduces the risk of stuck pipe, minimizes non-productive time, and supports precise well trajectory control. Innovations such as high-strength tubing, hybrid units, and integrated sensors are enhancing performance and reliability, driving growth in drilling services. North America remains a key market due to extensive shale and unconventional drilling activities.
Market by Application
Onshore
In onshore operations, coiled tubing is widely used for well intervention, stimulation, and drilling in conventional and unconventional reservoirs. Its ability to perform tasks like well cleanouts, acidizing, fracturing, and fishing without pulling the tubing string reduces downtime and operational costs. The technology is particularly beneficial for shale gas and tight oil fields, where frequent interventions are required. Advanced coiled tubing units with real-time monitoring and automation enhance operational efficiency and safety. The growing focus on mature field optimization and cost-effective production methods is driving adoption in onshore markets globally.
Offshore
Coiled tubing plays a critical role in offshore oil and gas operations, offering efficient solutions for deepwater and ultra-deepwater well intervention and drilling. Its continuous, flexible design allows for complex downhole operations, including underbalanced drilling, stimulation, and maintenance, in challenging subsea environments. Offshore coiled tubing units often integrate advanced monitoring, hybrid injector systems, and high-strength materials to withstand extreme pressures and harsh conditions. The increasing focus on maximizing production from existing offshore fields, combined with investments in subsea technology, is fueling demand in the offshore coiled tubing segment.
Market by Fleet:
The coiled tubing market is segmented by fleet across major regions including North America, Europe, Asia Pacific, South & Central America, the Middle East, and Africa. North America dominates the market due to extensive shale gas and unconventional oilfield activities, with key operators such as NexTier Oilfield Solutions, STEP Energy Services, Key Energy Services, Pioneer Energy Services, Basic Energy Services, and Calfrac Well Services leading deployment. Europe and Asia Pacific are witnessing steady growth driven by offshore and onshore well intervention projects. In regions like South & Central America, the Middle East, and Africa, increasing upstream investments and enhanced oil recovery (EOR) projects are expanding the utilization of coiled tubing fleets.
Market by Geography:
Geographically, the coiled tubing market is experiencing widespread adoption across North America, Europe, Asia Pacific, the Middle East, South America and Africa. North America is the largest regional market, supported by extensive shale gas exploration, unconventional oilfield development, and frequent well intervention operations. The region’s mature fields and high focus on production optimization make coiled tubing a preferred solution for cost-efficient, rapid, and reliable downhole operations. Asia Pacific and Europe are witnessing steady growth due to increasing upstream investments, offshore and onshore drilling activities, and the adoption of advanced coiled tubing technologies such as high-strength tubing and hybrid units. South & Central America, the Middle East, and Africa are experiencing rising demand driven by enhanced oil recovery (EOR) projects, exploration of new reserves, and the need to improve production efficiency in both mature and emerging fields. Overall, regional growth is fueled by technological advancements, automation, and operational efficiency initiatives in the global oil and gas sector.
Market Dynamics
Driver: Growing Demand for Well Intervention Operations
According to Halliburton, mature fields account for about 70% of global oil and gas production, with average recovery factors of 70% for gas and 35% for oil. As newly discovered fields rapidly deplete, operators are increasingly focusing on maximizing production from mature reserves through secondary and tertiary recovery techniques. These fields still hold vast untapped potential—about 80% of mature reserves are in the Middle East and North Africa, 43% in Asia Pacific, and 24% in Latin America. Major oil and gas companies are prioritizing well intervention operations to improve recovery and extend field life instead of drilling new wells, which is highly cost-intensive. This shift has significantly boosted the demand for coiled tubing operations, as they offer a cost-effective and efficient method for re-perforation, stimulation, and clean-out activities. Thus, the growing focus on enhancing mature field productivity is a key driver for the global coiled tubing market.
Restraint: Oil Price Volatility and Reduced Upstream Investment Restraining the market
As of late 2024, oil prices are projected to average around USD 81 per barrel, down from USD 83 per barrel in 2023, reflecting continued volatility driven by geopolitical tensions and economic uncertainties. The Russia–Ukraine conflict previously pushed WTI and Brent crude prices up by over 50%, prompting OPEC+ to implement additional production cuts of 1.2 million b/d through 2023. Such price fluctuations create instability in capital investment decisions, leading operators to delay or scale back drilling and well intervention activities. During periods of lower oil prices, upstream companies tend to reduce spending on secondary and tertiary recovery operations, including coiled tubing services, to preserve cash flow. This cyclical nature of oil prices directly affects the utilization rate of coiled tubing units, particularly in high-cost regions. Therefore, persistent oil price volatility and reduced upstream investment act as key restraints on the growth of the global coiled tubing market.
Opportunity: Technological Advancements and Intelligent Coiled Tubing
Well integrity challenges, increasing drilling complexity, and the expansion of multilateral and long-lateral wells have created significant opportunities for the coiled tubing market. The adoption of intelligent coiled tubing technologies—integrating artificial intelligence, IoT, and real-time downhole monitoring—enables operators to prevent buckling, stuck tubing, and debris accumulation, while improving steerability during complex interventions. Oilfield service providers are increasingly offering advanced solutions, such as Baker Hughes’ TeleCoil and Schlumberger’s ACTive services, which combine fiber-optic telemetry, dynamic interpretation software, and smart Bottomhole Assemblies to provide real-time data on temperature, pressure, and wellbore conditions. These innovations allow faster, safer, and more efficient well interventions, reducing operational time and costs. As upstream activities expand into harsher geographies with higher pressures, temperatures, and well complexities, the demand for intelligent, adaptive coiled tubing services is expected to grow. This paradigm shift toward digitalized, data-driven interventions presents a lucrative growth opportunity for the global coiled tubing market.
Challenge: Energy Transition and Shift Toward Renewables
Major oil companies are increasingly reallocating budgets from traditional exploration and production (E&P) activities toward renewable energy projects as part of their decarbonization strategies. As the global energy mix transitions, the share of fossil fuels in primary energy is projected to decline from around 80% in 2019 to between 55% and 20% by 2050, while renewables are expected to rise from 10% to between 35% and 65% over the same period. This transition is driven by improved cost competitiveness of renewable technologies and stronger policy support for low-carbon energy systems. As investment flows toward renewables, oil and gas companies are scaling back upstream activities, particularly drilling, re-completion, and well intervention operations. Consequently, the reduced focus on conventional and mature field development poses a major challenge for the coiled tubing market, limiting growth opportunities in traditional oilfield service segments.
Future Outlook
The coiled tubing market is expected to expand steadily from 2025 to 2035, fueled by the need for faster, safer, and more cost-effective well interventions and drilling operations. Adoption of advanced coiled tubing systems with integrated sensors, hybrid units, and automated controls will improve precision and reduce downtime. North America is anticipated to remain the largest market due to extensive shale and unconventional oilfield activities, while Asia Pacific, Europe, and the Middle East will grow steadily with investments in offshore projects and enhanced oil recovery initiatives. Operational challenges like equipment wear are mitigated by high-strength materials and digital monitoring technologies.
Key Market Players
Key Coiled Tubing companies include Halliburton (US), Baker Hughes (US), Weatherford International (US), SLB (US), Step Energy Services (Canada), among others.
Key Questions addressed in this report:
- Market Size and Growth: What is the current size of the coiled tubing market, and how is it expected to grow from 2025 to 2035 across regions and service types?
- Regional Dynamics: Which regions are leading the adoption of coiled tubing services, and what factors are driving growth in North America, Asia Pacific, Europe, the Middle East, and Africa?
- Service and Application Segmentation: How is the market segmented by service (well intervention, drilling) and application (onshore vs offshore), and which segments offer the highest growth opportunities?
- Key Players and Competitive Landscape: Who are the leading companies in the coiled tubing market, what are their offerings, and how are they positioned globally?
- Trends and Future Outlook: What technological advancements, operational strategies, and industry trends are shaping the future of the coiled tubing market, and what challenges need to be addressed?
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 36)
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.2.1 COILED TUBING MARKET, BY SERVICE: INCLUSIONS VS. EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATION
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH DATA
FIGURE 1 COILED TUBING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
TABLE 1 COILED TUBING MARKET: PLAYERS/COMPANIES CONNECTED
2.2 SCOPE
2.3 KEY INFLUENCING FACTORS/DRIVERS
2.3.1 WELL COUNT
FIGURE 2 NEWLY DRILLED WELLS, 2018
2.3.2 COILED TUBING UNIT COUNT
FIGURE 3 CRUDE OIL PRICE AND OPERATIONAL WELL COUNT VS. COILED TUBING UNIT COUNT (2014–2018)
2.3.3 PRODUCTION TRENDS
FIGURE 4 OPERATIONAL WELL COUNT VS. CRUDE OIL PRODUCTION (2013–2019)
2.3.4 CRUDE OIL PRICES
FIGURE 5 CRUDE OIL PRICE TREND
2.3.5 IMPACT OF COVID-19
2.4 MARKET SIZE ESTIMATION
2.4.1 IDEAL DEMAND-SIDE ANALYSIS
TABLE 2 COILED TUBING MARKET: IDEAL DEMAND-SIDE APPROACH
2.4.1.1 Assumptions
2.4.1.2 Calculation
FIGURE 6 COILED TUBING MARKET: IDEAL DEMAND-SIDE CALCULATION
2.4.2 SUPPLY-SIDE ANALYSIS
2.4.2.1 Assumptions
2.4.2.2 Calculation
FIGURE 7 RESEARCH METHODOLOGY: ILLUSTRATION OF COILED TUBING COMPANY REVENUE ESTIMATION (2019)
FIGURE 8 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
2.4.3 FORECAST
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION METHODOLOGY
2.6 PRIMARY INSIGHTS
FIGURE 10 KEY SERVICE PROVIDERS’ POINT OF VIEW
3 EXECUTIVE SUMMARY (Page No. - 53)
3.1 PRE- AND POST-COVID-19 SCENARIO ANALYSIS
FIGURE 11 PRE- AND POST-COVID-19 SCENARIO ANALYSIS
TABLE 3 COILED TUBING MARKET SNAPSHOT
FIGURE 12 NORTH AMERICA DOMINATED THE MARKET IN 2019
FIGURE 13 NORTH AMERICA DOMINATED THE MARKET, BY FLEET, 2016–2019
FIGURE 14 WELL INTERVENTION SEGMENT IS EXPECTED TO LEAD THE MARKET, BY SERVICE, 2020–2025
FIGURE 15 ONSHORE SEGMENT IS EXPECTED TO DOMINATE THE MARKET, BY APPLICATION, DURING THE FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 58)
4.1 ATTRACTIVE OPPORTUNITIES IN THE MARKET
FIGURE 16 MATURING OILFIELDS TO DRIVE THE DEMAND FOR WELL INTERVENTION ACTIVITIES AND BOOST THE MARKET GROWTH, 2020–2025
4.2 COILED TUBING MARKET, BY SERVICE
FIGURE 17 WELL INTERVENTION SEGMENT IS EXPECTED TO DOMINATE THE MARKET, BY SERVICE, 2020—2025
4.3 COILED TUBING MARKET, BY APPLICATION
FIGURE 18 ONSHORE SEGMENT DOMINATED THE MARKET, BY APPLICATION IN 2019
4.4 COILED TUBING MARKET, BY REGION
FIGURE 19 COILED TUBING MARKET IN THE MIDDLE EAST IS EXPECTED TO REGISTER HIGHEST CAGR FROM 2020 TO 2025
4.5 NORTH AMERICAN MARKET, BY APPLICATION & COUNTRY
FIGURE 20 ONSHORE SEGMENT AND THE US DOMINATED THE NORTH AMERICAN MARKET IN 2019
5 MARKET OVERVIEW (Page No. - 61)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 21 COVID-19 GLOBAL PROPAGATION
FIGURE 22 COVID-19 PROPAGATION IN SELECT COUNTRIES
5.3 ROAD TO RECOVERY
FIGURE 23 RECOVERY ROAD FOR 2020
5.4 COVID-19 ECONOMIC ASSESSMENT
FIGURE 24 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020
5.5 MARKET DYNAMICS
FIGURE 25 COILED TUBING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.5.1 DRIVERS
5.5.1.1 Growing demand for well intervention operations is driving the market
FIGURE 26 WELL INTERVENTION SERVICES VS. COILED TUBING/WIRELINE DEPLOYMENT FOR PERFORMING THE OPERATIONS
FIGURE 27 GLOBAL OIL & GAS UPSTREAM CAPITAL SPENDING (2014–2019)
5.5.1.2 Redevelopment of mature oilfields demands coiled tubing units for production enhancement
FIGURE 28 PEAK LOSS OF OIL FROM MATURE CONVENTIONAL OILFIELDS (2010–2017)
5.5.1.3 Advancements in shale oil extraction require more coiled tubing operations
TABLE 4 TOP COUNTRIES WITH SIGNIFICANT TECHNICALLY RECOVERABLE SHALE RESOURCES
5.5.1.4 Rising primary energy consumption from Asia Pacific will boost the market in the region
FIGURE 29 WORLD OIL DEMAND GROWTH (2018–2024)
5.5.2 RESTRAINTS
5.5.2.1 Risks associated with coiled tubing operations and regulations associated with operational safety are restraining the market growth
5.5.2.2 Wireline operations, which are a cheaper substitute of coiled tubing operations, hinder the growth of the market
5.5.3 OPPORTUNITIES
5.5.3.1 Increasing exploration & production activities from new discoveries offer lucrative opportunities for the market
FIGURE 30 TRENDS OF EXPLORATIONS & PRODUCTION CAPEX WITH RESPECT TO CRUDE OIL PRICES (2010–2018)
5.5.3.2 Evolution of intelligent coiled tubing technologies
5.5.4 CHALLENGES
5.5.4.1 Challenging coiled tubing operations in offshore well interventions & drilling pose challenges for the market
5.5.4.2 Impact of COVID-19 on oil and gas production activities
5.6 ADJACENT AND INTERCONNECTED MARKETS
TABLE 5 ADJACENT AND INTERCONNECTED MARKETS (USD BILLION)
6 COILED TUBING MARKET, BY SERVICE (Page No. - 74)
6.1 INTRODUCTION
FIGURE 31 WELL INTERVENTION SEGMENT IS EXPECTED TO DOMINATE THE MARKET, BY SERVICE, 2020–2025
TABLE 6 COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 7 PRE-COVID-19: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 8 POST-COVID-19: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
6.2 WELL INTERVENTION
FIGURE 32 WELL COMPLETIONS & MECHANICAL OPERATIONS SUB-SEGMENT DOMINATED WELL INTERVENTION MARKET IN 2019
TABLE 9 WELL INTERVENTION: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 10 POST-COVID-19: WELL INTERVENTION: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
TABLE 11 WELL INTERVENTION: MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 12 POST-COVID-19: WELL INTERVENTION: MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
6.2.1 WELL COMPLETIONS & MECHANICAL OPERATIONS
6.2.1.1 Increasing concerns for improving well accessibility and enhancing production are expected to drive the well completions & mechanical operations market
TABLE 13 WELL COMPLETIONS & MECHANICAL OPERATIONS: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 14 POST-COVID-19: WELL COMPLETIONS & MECHANICAL OPERATIONS: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
6.2.2 WELL CLEANING & PUMPING OPERATIONS
6.2.2.1 Optimization of mature oil & gas reservoirs drives the demand for well cleaning & pumping operations
TABLE 15 WELL CLEANING & PUMPING OPERATIONS: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 16 POST-COVID-19: WELL CLEANING & PUMPING OPERATIONS: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
6.3 DRILLING
6.3.1 MULTILATERAL WELL DRILLING IS DRIVING THE COILED TUBING DRILLING MARKET
TABLE 17 DRILLING: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 18 POST-COVID-19: DRILLING: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
6.4 OTHERS
TABLE 19 OTHERS: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 20 POST-COVID-19: OTHERS: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
7 COILED TUBING MARKET, BY APPLICATION (Page No. - 85)
7.1 INTRODUCTION
FIGURE 33 ONSHORE SEGMENT IS EXPECTED TO LEAD MARKET, BY APPLICATION, FROM 2020 TO 2025
TABLE 21 COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 22 PRE-COVID-19: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 23 POST-COVID-19: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
7.2 ONSHORE
7.2.1 ONSHORE SHALE DEVELOPMENT IN NORTH AMERICA AND HIGHER NUMBER OF MATURE ONSHORE OILFIELDS IN THE MIDDLE EAST ARE LIKELY TO PROVIDE OPPORTUNITIES FOR COILED TUBING SERVICE PROVIDERS
TABLE 24 ONSHORE: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 25 POST-COVID-19: ONSHORE: MARKET SIZE, BY REGION, BY REGION, 2020–2025 (USD MILLION)
7.3 OFFSHORE
7.3.1 GREATER LOGISTICAL AND OPERATIONAL CHALLENGES ARE AFFECTING THE GROWTH OF COILED TUBING OPERATIONS IN OFFSHORE REGIONS
TABLE 26 OFFSHORE: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 27 POST-COVID-19: OFFSHORE: MARKET SIZE, BY REGION, BY REGION, 2020–2025 (USD MILLION)
8 COILED TUBING MARKET, BY FLEET (Page No. - 91)
8.1 INTRODUCTION
FIGURE 34 COILED TUBING FLEET, BY REGION, MARKET SHARE (VOLUME) 2019
TABLE 28 COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
8.2 BY REGION
8.2.1 NORTH AMERICA
8.2.1.1 Demand for coiled tubing operations from shale development in North America is the major reason for the higher number of active fleets in the region
8.2.2 EUROPE
8.2.2.1 Europe witnessed the highest utilization rate for coiled tubing fleets as offshore operations are high in the region
8.2.3 ASIA PACIFIC
8.2.3.1 Asia Pacific is expected to increase the highest number of fleet in the next 5 years as production activities in the region are rising
8.2.4 SOUTH & CENTRAL AMERICA
8.2.4.1 High demand for well intervention services from Brazil and Mexico were the major demand generators for coiled tubing units in South & Central America
8.2.5 MIDDLE EAST
8.2.5.1 Redevelopment of the mature fields in the Middle East creates an enormous demand for coiled tubing services in the region
8.2.6 AFRICA
8.2.6.1 Africa is still in the nascent phase for the market; thus, the fleet count is lower in the region
TABLE 29 FLEET: MARKET, BY REGION, 2016–2019 (UNITS)
TABLE 30 UTILIZATION RATE: MARKET, BY REGION, 2016–2019 (%)
TABLE 31 ACTIVE FLEET: MARKET, BY REGION, 2016–2019 (UNITS)
8.3 BY OPERATOR
8.3.1 INTRODUCTION
TABLE 32 FLEET: MARKET, BY OPERATOR, 2016–2019 (UNITS)
TABLE 33 UTILIZATION RATE: MARKET, BY OPERATOR, 2016–2019 (%)
TABLE 34 ACTIVE FLEET: MARKET, BY OPERATOR, 2016–2019 (UNITS)
8.3.2 NEXTIER OILFIELD SOLUTIONS
TABLE 35 NEXTIER OILFIELD SOLUTIONS: MARKET, BY FLEET, 2016–2019 (UNITS)
8.3.3 STEP ENERGY SERVICES
TABLE 36 STEP ENERGY SERVICES: MARKET, BY FLEET, 2016–2019 (UNITS)
8.3.4 KEY ENERGY SERVICES
TABLE 37 KEY ENERGY SERVICES: MARKET, BY FLEET, 2016–2019 (UNITS)
8.3.5 PIONEER ENERGY SERVICES
TABLE 38 PIONEER ENERGY SERVICES: MARKET, BY FLEET, 2016–2019 (UNITS)
8.3.6 BASIC ENERGY SERVICES
TABLE 39 BASIC ENERGY SERVICES: ARKET, BY FLEET, 2016–2019 (UNITS)
8.3.7 CALFRAC WELL SERVICES
TABLE 40 CALFRAC WELL SERVICES: MARKET, BY FLEET, 2016–2019 (UNITS)
9 COILED TUBING MARKET, BY REGION (Page No. - 100)
9.1 INTRODUCTION
FIGURE 35 SAUDI ARABIA MARKET IS EXPECTED TO REGISTER HIGHEST CAGR FROM 2020 TO 2025
FIGURE 36 NORTH AMERICA IS EXPECTED TO DOMINATE MARKET, BY REGION, 2020–2025
TABLE 41 COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 42 PRE-COVID-19: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
TABLE 43 POST-COVID-19: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 37 REGIONAL SNAPSHOT: NORTH AMERICAN MARKET, 2019
9.2.1 BY SERVICE
TABLE 44 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 45 POST-COVID-19: NORTH AMERICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 46 WELL INTERVENTION: NORTH AMERICA MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 47 POST-COVID-19: WELL INTERVENTION: NORTH AMERICA MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.2.2 BY APPLICATION
TABLE 48 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 49 POST-COVID-19: NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.2.3 BY FLEET
TABLE 50 NORTH AMERICA: MARKET, BY FLEET, 2016–2019 (UNITS)
9.2.4 BY COUNTRY
TABLE 51 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 52 POST-COVID-19: NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
FIGURE 38 US DOMINATED THE NORTH AMERICAN MARKET IN 2019
9.2.5 US
9.2.5.1 Rising demand for well intervention operations for shale development and redevelopment of mature oil basins is driving the US market
TABLE 53 US: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 54 POST-COVID-19: US: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 55 US: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 56 POST-COVID-19: US: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.2.6 CANADA
9.2.6.1 Rising focus on the increasing production from the oil sands is likely to drive the market in Canada
TABLE 57 CANADA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 58 POST-COVID-19: CANADA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 59 CANADA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 60 POST-COVID-19: CANADA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3 EUROPE
FIGURE 39 REGIONAL SNAPSHOT: EUROPEAN MARKET, 2019
9.3.1 BY SERVICE
TABLE 61 EUROPE: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 62 POST-COVID-19: EUROPE: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 63 WELL INTERVENTION: EUROPE MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 64 POST-COVID-19: WELL INTERVENTION: EUROPE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.3.2 BY APPLICATION
TABLE 65 EUROPE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 66 POST-COVID-19: EUROPE: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3.3 BY FLEET
TABLE 67 EUROPE: MARKET, BY FLEET, 2016–2019 (UNITS)
9.3.4 BY COUNTRY
TABLE 68 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 69 POST-COVID-19: EUROPE: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.3.4.1 Russia
9.3.4.1.1 Rising exploration & production activities in the East Siberia and Caspian region are likely to drive the Russian market
TABLE 70 RUSSIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 71 POST-COVID-19: RUSSIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 72 RUSSIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 73 POST-COVID-19: RUSSIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3.4.2 UK
9.3.4.2.1 Rising demand for well intervention operations in the UK is likely to drive the market
TABLE 74 UK: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 75 POST-COVID-19: UK: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 76 UK: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 77 POST-COVID-19: UK: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3.4.3 Norway
9.3.4.3.1 High maturity rates of oil & gas fields in Norwegian Continental Shelf (NCS) are boosting the demand for coiled tubing operations in Norway
TABLE 78 NORWAY: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 79 POST-COVID-19: NORWAY: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 80 NORWAY: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 81 POST-COVID-19: NORWAY: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.3.4.4 Rest of Europe
TABLE 82 REST OF EUROPE: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 83 POST-COVID-19: REST OF EUROPE: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 84 REST OF EUROPE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 85 POST-COVID-19: REST OF EUROPE: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4 SOUTH & CENTRAL AMERICA
9.4.1 BY SERVICE
TABLE 86 SOUTH & CENTRAL AMERICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 87 POST-COVID-19: SOUTH & CENTRAL AMERICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 88 WELL INTERVENTION: SOUTH & CENTRAL AMERICA MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 89 POST-COVID-19: WELL INTERVENTION: SOUTH & CENTRAL AMERICA MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.4.2 BY APPLICATION
TABLE 90 SOUTH & CENTRAL AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 91 POST-COVID-19: SOUTH & CENTRAL AMERICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.3 BY FLEET
TABLE 92 SOUTH & CENTRAL AMERICA: MARKET, BY FLEET, 2016–2019 (UNITS)
9.4.4 BY COUNTRY
TABLE 93 SOUTH & CENTRAL AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 94 POST-COVID-19: SOUTH & CENTRAL AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.4.4.1 Mexico
9.4.4.1.1 Investments for expediting oil & gas production from existing reserves are driving the Mexican market
TABLE 95 MEXICO: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 96 POST-COVID-19: MEXICO: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 97 MEXICO: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 98 POST-COVID-19: MEXICO: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.4.2 Brazil
9.4.4.2.1 Recent developments in offshore Brazilian oil & gas fields are driving the market
TABLE 99 BRAZIL: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 100 POST-COVID-19: BRAZIL: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 101 BRAZIL: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 102 POST-COVID-19: BRAZIL: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.4.3 Venezuela
9.4.4.3.1 Reviving oil & gas activities in Venezuela is likely to bring opportunities for the market
TABLE 103 VENEZUELA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 104 POST-COVID-19: VENEZUELA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 105 VENEZUELA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 106 POST-COVID-19: VENEZUELA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.4.4 Argentina
9.4.4.4.1 Development of shale reserves is expected to drive the well intervention market, thereby driving the market in Argentina
TABLE 107 ARGENTINA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 108 POST-COVID-19: ARGENTINA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 109 ARGENTINA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 110 POST-COVID-19: ARGENTINA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.4.4.5 Rest of South & Central America
TABLE 111 REST OF SOUTH & CENTRAL AMERICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 112 POST-COVID-19: REST OF SOUTH & CENTRAL AMERICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 113 REST OF SOUTH & CENTRAL AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 114 POST-COVID-19: REST OF SOUTH & CENTRAL AMERICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5 ASIA PACIFIC
9.5.1 BY SERVICE
TABLE 115 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 116 POST-COVID-19: ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 117 WELL INTERVENTION: ASIA PACIFIC MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 118 POST-COVID-19: WELL INTERVENTION: ASIA PACIFIC MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.5.2 BY APPLICATION
TABLE 119 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 120 POST-COVID-19: ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.3 BY FLEET
TABLE 121 ASIA PACIFIC: MARKET, BY FLEET, 2016–2019 (UNITS)
9.5.4 BY COUNTRY
TABLE 122 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 123 POST-COVID-19: ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.5.4.1 China
9.5.4.1.1 Deepwater drilling activities and shale exploration & production are likely to drive the Chinese market
TABLE 124 CHINA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 125 POST-COVID-19: CHINA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 126 CHINA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 127 POST-COVID-19: CHINA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.2 India
9.5.4.2.1 Revamping of mature oilfields is expected to drive the market in India during the forecast period
TABLE 128 INDIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 129 POST-COVID-19: INDIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 130 INDIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 131 POST-COVID-19: INDIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.3 Australia
9.5.4.3.1 Development of the untapped shale reserves in Australia is driving the Australian market
TABLE 132 AUSTRALIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 133 POST-COVID-19: AUSTRALIA :MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 134 AUSTRALIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 135 POST-COVID-19: AUSTRALIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.4 Indonesia
9.5.4.4.1 Rising demand for well intervention operations to revive the production is boosting the demand for coiled tubing operations in Indonesia
TABLE 136 INDONESIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 137 POST-COVID-19: INDONESIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 138 INDONESIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 139 POST-COVID-19: INDONESIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.5 Malaysia
9.5.4.5.1 Concerns for optimization of oil & gas production are likely to drive the Malaysian coiled tubing market
TABLE 140 MALAYSIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 141 POST-COVID-19: MALAYSIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 142 MALAYSIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 143 POST-COVID-19: MALAYSIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.5.4.6 Rest of Asia Pacific
TABLE 144 REST OF ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 145 POST-COVID-19: REST OF ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 146 REST OF ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 147 POST-COVID-19: REST OF ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6 MIDDLE EAST
9.6.1 BY SERVICE
TABLE 148 MIDDLE EAST: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 149 POST-COVID-19: MIDDLE EAST: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 150 WELL INTERVENTION: MIDDLE EAST MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 151 POST-COVID-19: WELL INTERVENTION: MIDDLE EAST MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.6.2 BY APPLICATION
TABLE 152 MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 153 POST-COVID-19: MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.3 BY FLEET
TABLE 154 MIDDLE EAST: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
9.6.4 BY COUNTRY
TABLE 155 MIDDLE EAST: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 156 POST-COVID-19: MIDDLE EAST: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.6.4.1 Saudi Arabia
9.6.4.1.1 Boosted oil production from onshore fields and the surge in offshore oil & gas exploration are expected to drive the coiled tubing market
TABLE 157 SAUDI ARABIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 158 POST-COVID-19: SAUDI ARABIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 159 SAUDI ARABIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 160 POST-COVID-19: SAUDI ARABIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.4.2 UAE
9.6.4.2.1 Demand for well intervention services is likely to grow with fast depleting oil production from oilfields
TABLE 161 UAE: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 162 POST-COVID-19: UAE: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 163 UAE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 164 POST-COVID-19: UAE: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.4.3 Kuwait
9.6.4.3.1 The government’s focus to increase oil production is expected to create opportunities for coiled tubing operations
TABLE 165 KUWAIT: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 166 POST-COVID-19: KUWAIT: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 167 KUWAIT: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 168 POST-COVID-19: KUWAIT: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.4.4 Oman
9.6.4.4.1 Recent oil & gas exploration & production activities in onshore Oman are likely to create demand for the coiled tubing market in the country
TABLE 169 OMAN: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 170 POST-COVID-19: OMAN: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 171 OMAN: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 172 POST-COVID-19: OMAN: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.6.4.5 Rest of Middle East
TABLE 173 REST OF MIDDLE EAST: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 174 POST-COVID-19: REST OF MIDDLE EAST: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 175 REST OF MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 176 POST-COVID-19: REST OF MIDDLE EAST: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7 AFRICA
9.7.1 BY SERVICE
TABLE 177 AFRICA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 178 POST-COVID-19: AFRICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 179 WELL INTERVENTION: AFRICA MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 180 POST-COVID-19: WELL INTERVENTION: AFRICA MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
9.7.2 BY APPLICATION
TABLE 181 AFRICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 182 POST-COVID-2019: AFRICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.3 BY FLEET
TABLE 183 AFRICA: MARKET, BY FLEET, 2016–2019 (UNITS)
9.7.4 BY COUNTRY
TABLE 184 AFRICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 185 POST-COVID-19: AFRICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
9.7.4.1 Algeria
9.7.4.1.1 Upcoming drilling projects in Algeria and rising capital expenditure in upstream operations are likely to boost the coiled tubing market in the country
TABLE 186 ALGERIA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 187 POST-COVID-19: ALGERIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 188 ALGERIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 189 POST-COVID-19: ALGERIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.4.2 Egypt
9.7.4.2.1 New discoveries in Egypt pave demand opportunities for coiled tubing operations
TABLE 190 EGYPT: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 191 POST-COVID-19: EGYPT: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 192 EGYPT: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 193 POST-COVID-19: EGYPT: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.4.3 Nigeria
9.7.4.3.1 Rising exploration activities and developments in mature oil & gas fields are expected to support the coiled tubing market in Nigeria during the forecast period
TABLE 194 NIGERIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 195 POST-COVID-19: NIGERIA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 196 NIGERIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 197 POST-COVID-19: NIGERIA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.4.4 Angola
9.7.4.4.1 Demand for well intervention operations from offshore locations is driving the coiled tubing market in Angola
TABLE 198 ANGOLA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 199 POST-COVID-19: ANGOLA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 200 ANGOLA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 201 POST-COVID-19: ANGOLA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
9.7.4.5 Rest of Africa
TABLE 202 REST OF AFRICA: MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
TABLE 203 POST-COVID-19: REST OF AFRICA: MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
TABLE 204 REST OF AFRICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 205 POST-COVID-19: REST OF AFRICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 177)
10.1 OVERVIEW
FIGURE 40 KEY DEVELOPMENTS IN THE COILED TUBING MARKET, 2016–2020
10.2 RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2019
FIGURE 41 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
10.3 COMPETITIVE SCENARIO
TABLE 206 DEVELOPMENTS OF KEY PLAYERS IN THE MARKET, JANUARY 2016–JUNE 2020
10.3.1 MERGERS & ACQUISITIONS
10.3.2 CONTRACTS & AGREEMENTS
10.3.3 NEW PRODUCT LAUNCH
10.3.4 ALLIANCES/COLLABORATIONS/JOINT VENTURES/PARTNERSHIPS
10.4 COMPETITIVE LEADERSHIP MAPPING
10.4.1 VISIONARY LEADERS
10.4.2 INNOVATORS
10.4.3 DYNAMIC
10.4.4 EMERGING
FIGURE 42 COILED TUBING MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
11 COMPANY PROFILE (Page No. - 184)
(Business overview, Product & Service offerings, Recent developments, SWOT analysis & MnM View)*
11.1 HALLIBURTON
FIGURE 43 HALLIBURTON: COMPANY SNAPSHOT
11.2 SCHLUMBERGER
FIGURE 44 SCHLUMBERGER: COMPANY SNAPSHOT
11.3 BAKER HUGHES COMPANY
FIGURE 45 BAKER HUGHES COMPANY: COMPANY SNAPSHOT
11.4 WEATHERFORD
FIGURE 46 WEATHERFORD: COMPANY SNAPSHOT
11.5 NEXTIER OILFIELD SOLUTIONS
FIGURE 47 NEXTIER OILFIELD SOLUTIONS: COMPANY SNAPSHOT
11.6 RPC, INC.
FIGURE 48 RPC, INC.: COMPANY SNAPSHOT
11.7 STEP ENERGY SERVICES
FIGURE 49 STEP ENERGY SERVICES: COMPANY SNAPSHOT
11.8 SUPERIOR ENERGY SERVICES
FIGURE 50 SUPERIOR ENERGY SERVICES: COMPANY SNAPSHOT
11.9 TRICAN
FIGURE 51 TRICAN: COMPANY SNAPSHOT
11.10 ALTUS INTERVENTION
11.11 NATIONAL ENERGY SERVICES REUNITED (NESR)
FIGURE 52 NATIONAL ENERGY SERVICES REUNITED (NESR): COMPANY SNAPSHOT
11.12 OILSERV
11.13 BASIC ENERGY SERVICES
FIGURE 53 BASIC ENERGY SERVICES: COMPANY SNAPSHOT
11.14 OCEANEERING INTERNATIONAL
FIGURE 54 OCEANEERING INTERNATIONAL: COMPANY SNAPSHOT
11.15 CALFRAC WELL SERVICES
FIGURE 55 CALFRAC WELL SERVICES: COMPANY SNAPSHOT
11.16 KEY ENERGY SERVICES
FIGURE 56 KEY ENERGY SERVICES: COMPANY SNAPSHOT
11.17 NINE ENERGY SERVICES
FIGURE 57 NINE ENERGY SERVICES: COMPANY SNAPSHOT
11.18 PIONEER ENERGY SERVICES
FIGURE 58 PIONEER ENERGY SERVICES: COMPANY SNAPSHOT
11.19 LEGEND ENERGY SERVICES
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
12 ADJACENT & RELATED MARKETS (Page No. - 234)
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 OIL & GAS INTERCONNECTED MARKETS
12.4 WELL INTERVENTION MARKET
12.4.1 MARKET DEFINITION
12.4.2 LIMITATION
12.4.3 MARKET OVERVIEW
FIGURE 59 WELL INTERVENTION MARKET, 2018—2025 (USD MILLION)
12.4.4 WELL INTERVENTION MARKET, BY APPLICATION
12.4.4.1 Onshore
TABLE 207 ONSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 208 POST-COVID-19: ONSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
12.4.4.2 Offshore
TABLE 209 OFFSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 210 POST-COVID-19: OFFSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
12.4.5 WELL INTERVENTION MARKET, BY REGION
12.4.5.1 North America
TABLE 211 NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 212 POST-COVID-19: NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.2 Europe
TABLE 213 EUROPE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 214 POST-COVID-19: EUROPE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.3 South & Central America
TABLE 215 SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 216 POST-COVID -19: SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.4 Asia Pacific
TABLE 217 ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 218 POST-COVID-19: ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.5 Middle East
TABLE 219 MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 220 POST-COVID-19: MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.4.5.6 Africa
TABLE 221 AFRICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 222 POST-COVID-19: AFRICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
12.5 ARTIFICIAL LIFT MARKET
12.5.1 MARKET DEFINITION
12.5.2 ARTIFICIAL LIFT MARKET, BY MECHANISM: INCLUSIONS VS. EXCLUSIONS
12.5.3 LIMITATIONS
12.5.4 MARKET OVERVIEW
FIGURE 60 ARTIFICIAL LIFT MARKET, 2018—2025 (USD MILLION)
12.5.5 ARTIFICIAL LIFT MARKET, BY APPLICATION
12.5.5.1 Onshore
TABLE 223 ONSHORE: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
12.5.5.2 Offshore
TABLE 224 OFFSHORE: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
12.5.6 ARTIFICIAL LIFT MARKET, BY REGION
12.5.6.1 North America
TABLE 225 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.6.2 Europe
TABLE 226 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.6.3 Asia Pacific
TABLE 227 ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.6.4 South & Central America
TABLE 228 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.6.5 Middle East & Africa
TABLE 229 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
12.6 DIGITAL OILFIELD MARKET
12.6.1 MARKET DEFINITION
12.6.2 LIMITATIONS
12.6.3 MARKET OVERVIEW
FIGURE 61 DIGITAL OILFIELD MARKET, 2018—2025 (USD BILLION)
12.6.4 DIGITAL OILFIELD MARKET, BY APPLICATION
12.6.4.1 Onshore
TABLE 230 ONSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
TABLE 231 POST-COVID-19: ONSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
12.6.4.2 Offshore
TABLE 232 OFFSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
TABLE 233 POST-COVID-19: OFFSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
12.6.5 DIGITAL OILFIELD MARKET, BY REGION
12.6.5.1 Europe
TABLE 234 EUROPE: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 235 POST-COVID-19: EUROPE: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.2 Asia Pacific
TABLE 236 ASIA PACIFIC: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 237 POST-COVID-19: ASIA PACIFIC: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.3 Middle East
TABLE 238 MIDDLE EAST: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 239 POST-COVID-19: MIDDLE EAST : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.4 North America
TABLE 240 NORTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 241 POST-COVID-19: NORTH AMERICA : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.5 Africa
TABLE 242 AFRICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 243 POST-COVID-19: AFRICA : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
12.6.5.6 South America
TABLE 244 SOUTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 245 POST-COVID-19: SOUTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
13 APPENDIX (Page No. - 257)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the global coiled tubing market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global coiled tubing market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The coiled tubing market comprises several stakeholders, such as end-product manufacturers and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as drilling service providers, upstream operators, and others. The supply-side is characterized by intervention service providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global coiled tubing market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.
Report Objectives
- To define, describe, segment, and forecast the coiled tubing market on the basis of service, application, fleet, and region
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future expansions, and contribution of each segment to the market
- The impact of the COVID-19 pandemic on the market has been analyzed for the estimation of the market size.
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To forecast the growth of the coiled tubing market with respect to the main regions (North America, Europe, Asia Pacific, Middle East, South & Central America, and Africa)
- To profile and rank key players and comprehensively analyze their market share
- To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the coiled tubing market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Coiled Tubing Market
Can you please share the key players and comprehensively analyze their respective market shares and core competencies of Coiled Tubing Market to the forecast period.. Need to know more.