FORT WORTH, Texas, April 17, 2015 /PRNewswire/ --
The North America Coiled Tubing Services Market report defines and segments the Coiled Tubing (CT) services market in North America with analysis and forecast of revenue. The CT services market in North America is estimated to grow from around $1388.7 million in 2013 to $1,760.6 million by 2019, at a CAGR of 3.8% from 2014 to 2019.
Browse through the TOC of North America coiled tubing services market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Rising energy demand, redevelopment of mature oilfield wells, increasing exploration & production activities in shale reservoirs, and commercially viable offshore drilling at multiple depths are some of the key drivers of the North America CT market.
The U.S. was the largest market in North America, accounting for a share of around 58% in the North America CT market in 2013.
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This market has been segmented and forecast on the basis of service types into well intervention, drilling services, and others. The market has been further categorized on the basis of major countries, such as the U.S., Mexico, and Canada.
This report also includes the market share, supply chain, and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market, including major companies which provide CT services.
The Europe Coiled Tubing Market is expected to grow at a CAGR of 7.2% from 2014 to 2019. Overall growth in the number of oil reserves, increasing energy requirements, geo-political & macro-economic factors and increased exploration of gas reserves are the key factors fuelling the growth of the coiled tubing market in Europe. Decreasing crude oil prices, strict government & environmental policies, and high market competition may act as restraints for the growth of the Europe coiled tubing market.
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