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North America Coiled Tubing Market By Service, Drilling, Others), By Application and Country
North America Coiled Tubing Market By Service, Drilling, Others), By Application and Country
North America Coiled Tubing Market size was valued at US$ 1,674.3 million in 2023 and is poised to grow at CAGR X% from 2024 to 2030. The report provides a detailed overview and that can be segmented by service, and by Application. By service, the market has been segmented into Well Intervention (Well Completion, Well Cleaning), Drilling, Others. The Well Intervention coiled tubing segment is likely to be the largest and fastest-growing segment in terms of service. Based on application, the market is segmented into Onshore, and Offshore. Among these, the onshore segment is expected to have the fastest-growing market during the forecast period 2022-2028.
The region's coiled tubing market is being driven by factors including the rising number of mature fields in North America and rising energy demand.
By country, United States is expected to witness the highest market share during the forecast period due the growing number of producing wells and the rising lateral length of freshly drilled horizontal wells.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2023 |
US$ 1,674.3 million |
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By Service Type |
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By Application |
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The North America Coiled Tubing Market size was valued at US$ 1,674.3 million in 2023 and is expected to grow at a prominent growth rate during the forecast period 2024 to 2030.
The North America Coiled Tubing Market data: North America (United States, Canada)
The North America Coiled Tubing Market key players are Baker Hughes Weatherford Basic Energy Services Halliburton Co. Superior Energy Services Inc. Trican Well Service Ltd. Schlumberger Ltd.Weatherford International Plc. Key Energy Services, Inc. Nabors Industries Ltd. Sanjel Corporation.
| 1. Executive Summary |
| 2. North America Coiled Tubing Market Introduction |
| 2.1. North America Coiled Tubing Market Taxonomy |
| 2.2. North America Coiled Tubing Market Definitions |
| 2.2.1. Service |
| 2.2.2. Application |
| 3. North America Coiled Tubing Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. North America Coiled Tubing Market Dynamic Factors - Impact Analysis |
| 3.6. North America Coiled Tubing Market Competition Landscape |
| 4. North America Coiled Tubing Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. North America Coiled Tubing Market Forecast, By Service, 2019 - 2023 and Forecast, 2024 - 2030 |
| 5.1. Well Intervention |
| 5.1.1. Well Completion |
| 5.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Well Cleaning |
| 5.1.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.2. Drilling |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. North America Coiled Tubing Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 |
| 6.1. Onshore |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Offshore |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. North America Coiled Tubing Market Forecast, By Country, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 7.1. U.S. |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Canada |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. North America Coiled Tubing Market - Opportunity Analysis Index, By Service, By Application, and Country, 2024 - 2030 |
| 8. U.S.A Coiled Tubing Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 8.1. Service Analysis 2019 - 2023 and Forecast, 2022 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.1.1. Well Intervention |
| 8.1.1.1. Well Completion |
| 8.1.1.2. Well Cleaning |
| 8.1.2. Drilling |
| 8.1.3. Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast, 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Onshore |
| 8.2.2. Offshore |
| 8.3. U.S. Coiled Tubing Market - Opportunity Analysis Index, By Service, By Application and Country, 2024 - 2030 |
| 8.4. U.S. Coiled Tubing Market Dynamics Trends |
| 9. Canada Coiled Tubing Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 9.1. Service Analysis 2019 - 2023 and Forecast, 2022 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.1.1. Well Intervention |
| 9.1.1.1. Well Completion |
| 9.1.1.2. Well Cleaning |
| 9.1.2. Drilling |
| 9.1.3. Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast, 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Onshore |
| 9.2.2. Offshore |
| 9.3. Canada Coiled Tubing Market - Opportunity Analysis Index, By Service, By Application and Country, 2024 - 2030 |
| 9.4. Canada Coiled Tubing Market Dynamics Trends |
| 10. Competition Landscape |
| 10.1. Strategic Dashboard of Top Market Players |
| 10.2. Company Profiles (Introduction, Financial Analysis, Feedstock Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 10.2.1. Baker Hughes |
| 10.2.2. Weatherford |
| 10.2.3. Basic Energy Services |
| 10.2.4. Halliburton Co. |
| 10.2.5. Superior Energy Services Inc. |
| 10.2.6. Trican Well Service Ltd. |
| 10.2.7. Schlumberger Ltd. |
| 10.2.8. Weatherford International Plc. |
| 10.2.9. Key Energy Services, Inc. |
| 10.2.10. Nabors Industries Ltd. |
| 10.2.11. Sanjel Corporation. |
| 11. Research Methodology |
| 12. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.