Rapidly Growing Demand for Large Diameter Coiled Tubing Provides New Opportunities to the Coiled Tubing Market

Date: 2015-08-10

The coiled tubing services market is estimated to grow at a CAGR of 5.1% from 2014 to 2019. Geographically, Asia-Pacific has been segmented into China, India, Kazakhstan, Australia, and Others. China held the largest share of 28.9% in 2014 in the Asia-Pacific coiled tubing services market. The coiled tubing service market in Asia-Pacific holds a high potential for growth in the future due to a number of forces favoring this market. The parent market of coiled tubing service is the well intervention market. Generally, well intervention services include completion and cleaning services.

Rapidly growing demand for large diameter coiled tubing provides new opportunities to the coiled tubing market.

In this report, the coiled tubing services market has been segmented on the basis of its services, countries, and applications. The coiled tubing services market has been segmented by type into well intervention, drilling, and others. Country-wise segmentation in the report includes China, India, Kazakhstan, Australia, and others.

The report has profiled the leading players of this market along with the developments (new product launches, mergers & acquisitions, and expansions) undertaken by the companies over the past few years and the strategies adopted by them to sustain and strengthen their position in the Asia-Pacific coiled tubing services market. The top players of the market include Baker Hughes Inc. (U.S.), Halliburton Company (U.S.), Superior Energy Services, Inc. (U.S.), and Schlumberger Ltd. (U.S.).

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