Coiled Tubing Market Globally Analysed by Azoth Analytics in New Research Report Now Available at MarketPublishers.com25 Feb 2016 • by Natalie Aster
LONDON – The world coiled tubing market is forecast to post 2.45% CAGR through to 2021. The growth of the market is driven by high levels of exploration and production activities in the oil & gas sector, rehabilitation of mature fields and discovery of the novel oil & gas reserves and increased consumer demand for energy, especially in Middle East, Africa and Asia, as well as a drop in prices for crude oil leading to an increased global demand for cost-efficient well intervention techniques.
The North America region accounted for the lion’s share of the overall revenue as of 2015 and is poised to keep on dominating the market over the forecast period due to a increased level of exploration and production activities in Texas. The markets of Africa, APAC and the Middle East will likely see rapid expansion on account of elevated energy demand in the regions resulting in a hike in exploration activities leading to the rise of the coiled tubing operations. Schlumberger, Halliburton Co., Baker Hughes Inc., Weatherford International Ltd. are some of the top companies operating in global coiled tubing marketplace.
New market research study “Global Coiled Tubing (CT) Market” prepared by Azoth Analytics draws up an elaborate picture of the world coiled tubing marketplace. The study gives a careful product overview; examines the status of the worldwide oil & gas industry focusing on crude oil and natural gas production. It offers a 360-degree analysis of the coiled tubing market covering market size (by volume and value), growth and forecast. The report categorises the market based on application, location of application, and by geography; shedding light on the market size, growth rates plus forecasts. The research publication gives a detailed review of the ever-changing market trends, ongoing and anticipated, along with emerging opportunities, discusses the policy and regulatory landscape. The study limelights the competitive landscape including competitive benchmarking and profiles of the 10 leading players. Strategic recommendations are at hand in the study as well.
Coiled Tubing (CT) Market
Published: February, 2016
Price: US$ 2,100.00
More reports elaborated by this publisher can be found at Azoth Analytics page.