The coiled tubing market size was valued at $3.0 billion in 2020, and is projected to reach $4.7 billion by 2030, growing at a CAGR of 4.5% from 2021 to 2030. Coiled tubing is the continuously manufactured tubular product usually made up of steel and is flexible enough to be coiled onto a large reel. …
Continue reading “Coiled Tubing Market Estimated to Hit $4.7 Billion by 2030”
Increasing oil & gas exploration and production activities, maturing oil fields and geo-political factors are key factors responsible for the growth of the Europe coiled tubing market. Decrease in crude oil prices, strict government policies & environmental regulations, and intense market competition may hamper the growth of the Europe coiled tubing market. The European coiled …
Continue reading “Europe Coiled Tubing Market Set To Experience Revolutionary Growth Till 2029”
The Asia-Pacific coiled tubing market is driven by demands of coiled tubing service in the well intervention market, majorly for completion and cleaning services. Increasing demand for coiled tubing having large diameter creates abundant growth opportunities in the Asia-Pacific coiled tubing market. A coil tubing (CT) normally consists of a set of equipment which performs …
Continue reading “Asia Pacific Coiled Tubing Market Growth Analysis and Industry Forecast by 2029”