Coiled Tubing (CT) Services Market is Estimated to Grow at a CAGR of 3.8%

Date: 2015-08-05

“North America Coiled Tubing Services Market (type-well intervention, drilling, and others; application-onshore and offshore; country-U.S., Canada, and Mexico) –Analysis and Forecast Till 2019”

The Coiled Tubing (CT) services market is estimated to grow at a CAGR of 3.8% from 2014 to 2019. Although the U.S. holds the largest market share, Mexico is expected to grow at the highest CAGR Ongoing and upcoming developments in offshore drilling and massive shale exploration & production activities are high opportunity areas for the CT services market. However, factors such as high competition are restraining the growth of this market. 
This report analyzes the CT market by service types, application, and country. The CT services included in this report are well intervention, CT drilling, and others. In terms of country, it has been segmented into the U.S., Canada, and Mexico. In order to provide a deeper understanding of the competitive landscape, the report also profiles companies present in the North America CT services market. 

Mexico is estimated to exhibit the highest CAGR during the forecast period. Increasing energy demands have pushed Exploration & Production (E&P) companies to push their limits towards unconventional hydrocarbon resources. These E&P activities for unconventional resources demand oilfield services to produce and make operations economically viable. This factor is likely to drive the CT services market. In 2014, the North America CT services market was estimated to be dominated by Schlumberger Ltd. (U.S.), Halliburton Co. (U.S.), Baker Hughes Inc. (U.S.), Weatherford International Plc. (Switzerland), and Superior Energy Services Inc. (U.S.).New product launches and partnerships, agreements, collaborations, and joint ventures have been the major strategies adopted by most market players to achieve growth in the North America CT services market.    

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