Coiled Tubing Industry: Trends, Business Strategies and Opportunities 2025Posted by Nicky Arora on December 5th, 2019 The global Coiled Tubing (CT) Market size 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. Access Informative Sample Copy @ https://www.grandviewresearch.com/industry-analysis/coiled-tubing-ct-market/request/rs1 Further key findings from the report suggest:
Grand View Research has segmented the global coiled tubing market on the basis of Service, operation, application and region: Coiled Tubing Services Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025)
o Well Completion o Well Cleaning o Others
Coiled Tubing Operation Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025)
Coiled Tubing Application Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025)
About Grand View Research: Grand View Research is an India & 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. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide. Contact: Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105 United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |