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Coiled Tubing Market Share

Report ID: GMI4498
Published Date: Jan 2020
Report Format: PDF

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Coiled Tubing Market Share

The eminent market players are focusing on ventures & acquisitions to meet the competitive edge in the coiled tubing industry. Mergers and acquisitions are among the key strategies followed by the leading players to gain market share. In addition, product upgrades along with the development of an extensive supply network are some of the other major strategies followed by the global players to enhance their existing market shares. As a result, the global coiled tubing market trend will witness significant growth over the forecast timeline.

The prominent players profiled in the coiled tubing market report includes

Halliburton
Weatherford
Schlumberger Limited
Trican
Calfrac Well Services Ltd.
C&J Energy Services, Inc.
Nabors Industries Ltd.
STEP Energy Services
RPC, Inc.
SUPERIOR Energy Services, Inc.
Quintana Energy Services
Basic Energy Services
Nine Energy Service
Saint Best Group
Tenaris

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The overall coiled tubing market is anticipated to record a crcr of 7.6% through 2026

Overall coiled tubing market recorded a remuneration of $3 billion in 2019.

Coiled tubing is a long metal pipe spooled over a large reel and is primarily used for performing workover and repair activities across well sites. There are no joints and cuts in the coiled tube which in turn makes it more effective for well boreholes having depth of over 15,000 feet.

The global industry will register over 7.6% CAGR from 2020 to 2026, as estimated by GMI.

Growing number of mature oil fields along with increasing investments toward shale reserves will fuel the global industry demand.