Coiled Tubing Market to witness growth by 2028 | Drivers and Opportunities| Key player Analysis Baker Hughes Company, Halliburton, Schlumberger

Global Coiled Tubing Market is accounted for $3.00 billion in 2020 and is expected to reach $5.47 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Factors such as upsurge in production of conventional energy resource, increasing investments in offshore oil & gas industry, and advancements in shale oil extraction are driving the growth of the market.

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By geography, North America is going to have high growth during the forecast period which can be attributed to the growth in unconventional resources in the US and Canada.

Some of the key players profiled in the Coiled Tubing Market include Weatherford, Trican, Superior Energy Services, Baker Hughes Company, National Energy Services Reunited, RPC Inc., Pioneer Energy Services, Oilserv, STEP Energy Services, Nine Energy Services, Schlumberger, Legend Energy Services, Key Energy Services, Halliburton, Calfrac Well Services, Basic Energy Services, Oceaneering International, Altus Intervention, and NexTier Oilfield Solutions.

Product Types Covered in Coiled Tubing Market
• Non-Alloy Steel Composite Tube
• Low Carbon Alloy Steel Tube

Tubing Fleets Covered:
• Medium Class
• Light Class
• Heavy Class   

Services Covered:
• Drilling Service
• Well Intervention & Production
• Perforating
• Other Services 

Locations Covered:
• Offshore
• Onshore

Applications Covered:
• Wellbore Cleanouts
• Pipeline Cleanout
• Nitrogen Jetting & Inject Liquid Nitrogen
• Clear Wax
• Drilling Bridge Plug
• Gas Lift
• Electrical Submersible Pump Cable Conduit
• Cementing
• Air Lift Drop
• Sand Blanking

End Users Covered:
• Construction Industry
• Engineering Procurement
• Oil and Gas

Sales Channels Covered:
• Direct Sales
• Distributor

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