- Well Intervention,
- Drilling,
- Others
North America Coiled Tubing Market size was valued at USD 1,674.3 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028. 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. Key Development: In Aug 2022, A definitive agreement was reached and closed by NexTier Oilfield Solutions Inc. and NexTier Completion Solutions Inc. to acquire nearly all of the assets of Continental Intermodal Group LP and its subsidiaries.
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.
The North America coiled tubing market size is valued at USD 1,674.3 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028
The North American market for coiled tubing services is experiencing growth restraints due to the fluctuating price of crude oil and high maintenance costs.
The major players of the North America coiled tubing market are Baker Hughes Co., Calfrac Well Services Ltd, Halliburton Company, National-Oilwell Varco Inc, and Schlumberger Limited.
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, 2017 - 2021 and Forecast, 2022 - 2028 |
4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 |
5.1. Well Intervention |
5.1.1. Well Completion |
5.1.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 |
6.1. Onshore |
6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)Â |
7.1. U.S. |
7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2022 - 2028 |
8. U.S. Coiled Tubing Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.1. Service Analysis 2017 - 2021 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 2017 - 2021 and Forecast, 2022 - 2028by 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, 2022 - 2028 |
8.4. U.S. Coiled Tubing Market Dynamics – Trends |
9. Canada Coiled Tubing Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)Â |
9.1. Service Analysis 2017 - 2021 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 2017 - 2021 and Forecast, 2022 - 2028by 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, 2022 - 2028 |
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 |