Coiled Tubing Services Market

Coiled tubing refers to a continuous length of small-diameter steel pipe and related surface equipment as well as associated drilling, completion and workover, or remediation, techniques. Coiled tubing oilfield technology was initially developed for working on live, producing wells.

Coiled tubing technology is frequently used to deploy tools and materials through production tubing or casing while remedial work is performed on producing wells. Coiled tubing fulfills three key requirements for downhole operations on live wells by providing a dynamic seal between the formation pressure and the surface, a continuous conduit for fluid conveyance and a method for running this conduit in and out of a pressurized well.

Coiled tubing strength and rigidity, combined with its capability to circulate treatment fluids, offer distinct advantages in workover operations. In addition to drilling and completion operations, oil and gas companies are using coiled tubing to help fish for lost equipment and for conveying well logging tools.

Coiled Tubing Services Market contains market size and forecasts of Coiled Tubing Services in Global, including the following market information:

Global Coiled Tubing Services Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Coiled Tubing Services market was valued at 4850.5 million in 2021 and is projected to reach US$ 7879.7 million by 2028, at a CAGR of 7.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Well Intervention Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Coiled Tubing Services include Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, Superior Energy, Archer, Calfrac Well Services, Cudd Energy Services (RPC) and National Oilwell Varco, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Coiled Tubing Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Coiled Tubing Services Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Coiled Tubing Services Market Segment Percentages, by Type, 2021 (%)

Well Intervention

Drilling

Others

Global Coiled Tubing Services Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Coiled Tubing Services Market Segment Percentages, by Application, 2021 (%)

Onshore

Offshore

Global Coiled Tubing Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Coiled Tubing Services Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Coiled Tubing Services revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Coiled Tubing Services revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Schlumberger

Halliburton

Baker Hughes (GE)

Weatherford

Superior Energy

Archer

Calfrac Well Services

Cudd Energy Services (RPC)

National Oilwell Varco

Pioneer Energy Services

PT Elnusa Tbk

Legend Energy

Smape S.r.l.

Jereh Group