MRO Magazine

Research and Markets: Europe Coiled Tubing Market 2015-2019 – Services (Well Intervention, Drilling & others) & Applications (Onshore &Offshore)


May 26, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/p2szrn/europe_coiled) has announced the addition of the “Europe Coiled Tubing Market by Services (Well Intervention, Drilling & others), By Application (Onshore &Offshore), By Countries – Regional Trend & Forecast to 2019” report to their offering.

European coiled tubing market is expected to grow at a CAGR of 7.2% from 2014 to 2019.

The rise in the demand for energy, growth in the number of oil reserves, changing geo-political & macro-economic factors and exploration of gas reserves are the key factors responsible for 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. The coiled tubing market in Russia and the U.K. contributed a share of about 70.0% to the European coiled tubing market. Ukraine, Poland, and Croatia are the emerging markets for coiled tubing services.

In this report, coiled tubing market is classified based on two types of services: well intervention and drilling. The remaining services are considered under the category of other services. The well intervention service segment was the largest segment of this market, while drilling service segment are estimated to grow at the highest CAGR of 11.2% from 2014 to 2019. Russia contributed the share of 65.0% in 2014 to the coiled tubing market in Europe, followed by the U.K.

The Europe coiled tubing market is a competitive market with a number of market players with niche technologies. As of 2014, the Europe coiled tubing market is estimated to be dominated by Schlumberger, Halliburton, Baker Hughes and Weatherford International Ltd. New product launches and mergers, acquisitions and joint ventures are the major strategies adopted by most market players to achieve growth in the coiled tubing market in Europe.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview

5 Europe Coiled Tubing Market, By Application

6 Europe Coiled Tubing Market, By Service Type

7 Europe Coiled Tubing Market, By Country

8 Europe Coiled Tubing Market: Competitive Landscape

9 Europe Coiled Tubing Services Market, By Companies

– AKER Solutions ASA

– Baker Hughes Inc.

– Calfrac Well Services

– Halliburton Company

– Schlumberger Ltd.

– Trican Well Service Ltd.

– Weatherford International Ltd.

For more information visit http://www.researchandmarkets.com/research/p2szrn/europe_coiled

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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