DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/24wt3f/global_coiled) has announced the addition of the "Global Coiled Tubing (CT) Market: Trends, Opportunities and Forecasts (2016-2021)" report to their offering.
During 2016-21, Global Coiled Tubing in Oil and Gas Industry is anticipated to grow at a CAGR of 2.45 % on account of anticipating low crude oil prices leading to an accelerated demand for cost-effective well intervention methods globally.
High exploration and production activities in oil and gas sector, restoration of mature fields and discovery of the new Oil & Gas reserves and high consumer demand for energy particularly in the African, Middle Eastern, and Asian regions along with decline in the crude oil prices in the coming five years drive the growth of Coiled Tubing Market
The Global Coiled Tubing Market in Oil and Gas Industry has been growing at a high rate on account of the shale revolution in the nations. However, Steep decline in the Oil reserves in established fields has created an unstable environment for the oil field services and related industries but the fluctuation in the crude oil prices has proved to be the major growth driver for this industry. Prospective acceleration in recoverable resources alongside increased exploration & production expenditure, increasing shale gas ventures alongside expansion in Oil and Gas ventures would relatively deescalate the impact of the Steep decline in the Oil reserves in established fields.
Moreover, an increase in crude oil prices will induce the U.S. dollar to appreciate making it tougher for the economy to exercise traditional & conventional well practises and will result in worsening the Exploration & Production operations in the coming years.
Few of the leading companies operating in Global Coiled Tubing Market includes Schlumberger, Halliburton Co., Baker Hughes Inc., Weatherford International Ltd. and many more.
Key Topics Covered:
1. Research Methodology
2. Product Overview
3. Executive Summary
4. State of Global Oil and Gas Industry
5. Global Coiled Tubing Market: An Analysis
6. Europe/Africa/Russia Coiled Tubing Market: An Analysis
7. Middle East Coiled Tubing Market: An Analysis
8. Saudi Arabia Coiled Tubing Market: An Analysis
9. Asia Pacific Coiled Tubing Market: An Analysis
10. China Coiled Tubing Market: An Analysis
11. North America Coiled Tubing Market: An Analysis
12. USA Coiled Tubing Market: An Analysis
13. Canada Coiled Tubing Market: An Analysis
14. South America Coiled Tubing Market: An Analysis
15. Brazil Coiled Tubing Market: An Analysis
16. Market Trends and Developments
17. Competitive Landscape
- Archer Limited
- Baker Hughes Inc.
- Calfrac Well Services Ltd.
- Halliburton Co.
- Key Energy Services Inc.
- Nabors Industries Ltd.
- Schlumberger Limited
- Superior Energy Services Inc.
- Trican Well Service Ltd.
- Weatherford International Ltd.
For more information visit http://www.researchandmarkets.com/research/24wt3f/global_coiled