Market research Future Coiled Tubing Market Trend, Size Analysis Report . | Page 2

Coiled Tubing Market Research Report- Forecast to 2027
1 Summary
The Coiled Tubing Market is growing at the rapid pace; mainly due to the buoyant or sustaining Oil and
Gas Industry. According to a recent study report published by the Market Research Future, Globally, the
market for Coiled Tubing is regaining its momentum over the last couple of years and is expected to gain
prominence over the forecast period. The market is forecasted to witness a thriving growth by 2027,
surpassing its previous growth records in terms of value with a striking CAGR during the anticipated
period.
Upstream oil & gas services market has considerably shrunk owing to the continual decline in oil prices
since mid-2014. However, recent stabilization in the prices as well as reducing supply-demand gap is
expected to revive the market in the next five years. Coiled tubing services are typically used during
drilling, completion, and well intervention applications. The market for coiled tubing services is expected
to grow at a moderate pace during the forecast period, on account of continuing production activities.
Key Players:
The key players in the Coiled Tubing are Halliburton Co, Baker Hughes Inc., Weatherford International,
Superior Energy Services Inc., Nabors Industries, Archer Limited, C&J Energy Services, Trican Well
Services Ltd, Calfrac Well Services Ltd and RPC, Inc. among others
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