Coiled Tubing Market Size, Share, Growth, Trends and Industry Analysis Report, 2018 to 2025
The global coiled tubing (CT) market size was estimated at USD 3.25 billion in 2016. Rise in exploration & production activities globally is anticipated to boost the market over the forecast period.
(firmenpresse) - The global coiled tubing market is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc. Globally, declining oil production and increasing number of exploration & production activities are anticipated to drive the market growth in the next eight years. In addition, a shift in the trend for developing unconventional oil blocks globally, will boost the market demand.
Regulations in countries enhancing exploration & production activities will be a supporting factor for the market growth. Favorable initiatives by Chinese and the U.S. governments in the form of relaxed provision of FDI, tax incentives, and other financial aids is estimated to back up the industry growth. However, public concerns and several bans concerning harmful impacts of the technology mainly in countries such as South Africa, France, Tunisia, Romania, and Bulgaria are anticipated to remain key challenges for the industry players over the next few years.
Well intervention is a major service provided by CT technology. The service is carried out in to extend the life of a producing well by improving its performance. Some of the well intervention service includes well completion, well cleaning, and wireline. Sand clean out is the most common well intervention application. It is a complex process and requires pumping a fluid or gasses into the well.
Further key findings from the report suggest:
&P activities, particularly in the deep sea.
&J Energy Services, Inc. are the prime companies operating in the market.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com
Datum: 05.11.2019 - 05:19 Uhr
Sprache: Deutsch
News-ID 1553635
Anzahl Zeichen: 2987
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Typ of Press Release: Financial
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Date of sending: 05.11.2019
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