Coiled Tubing Market Revenue to Hit $5.4 billion by 2024 | Leading key players are Schlumberger, Halliburton, C&J Energy Service, Weatherford, BHGE

According to the new market research "Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations), Drilling Service ), Application (Onshore, Offshore), and Region - Global Forecast to 2024", The global coiled tubing market size is projected to reach USD 5.4 billion by 2024 from an estimated USD 3.8 billion in 2019, at a CAGR of 7.1% during the forecast period. The rising number of mature fields in Europe and the Middle East, along with rising primary energy demand from Asia Pacific are the driving factors for the coiled tubing industry, globally. Coiled tubing units are required while intervention and drilling operations during either of the phases, well drilling, completion, and production.

Browse 114 market data Tables and 53 Figures spread through 189 Pages and in-depth TOC on "Coiled Tubing Market - Global Forecast to 2024"

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The well intervention segment is expected to dominate the coiled tubing market, by service, during the forecast period.

At the initial stage, every crude oil or natural gas reservoir has sufficient reservoir pressure, but it declines with time. Post that, the oil well operators need to pump fluids and perform certain intervention operations, such as well stimulation, sand control, unloading well with nitrogen, gravel packing, pumping slurry, and scale removal. These are generally categorized as well cleaning & pumping operations. Similarly, for depleting reservoirs, the well requires some completions or mechanical operations such as the setting of plug or packer, fishing, perforation of producing wells, removing of scales, cutting tubular service, running a completion unit, and performing of straddle for zonal isolation. Demand for these services drives the well intervention segment for the coiled tubing market.

This research report categorizes the coiled tubing market based on service, application, fleet, and region.

Based on Service:

·         Well intervention

·         Well Cleaning & Pumping Operations

·         Well Completions & Mechanical Operations

·         Drilling Service

·         Others (Fishing, fracturing, wireline logging, and inspection)

Based on the Application:

·         Onshore

·         Offshore

Based on the Fleet:

·         Region

·         Operator

Based on the Region:

·         North America

·         Asia Pacific

·         South & Central America

·         Europe

·         Middle East

·         Africa

North America: The largest coiled tubing market.

In this report, the coiled tubing industry has been analyzed for six regions, namely, North America, South & Central America, Europe, Asia Pacific, Middle East, and Africa. According to the IEA, the US is determined to become the net exporter of energy by 2020, and to fulfill this objective, oil production is being increased across the nation. Moreover, the US is the top explorer and producer of shale oil and gas. The old oil & gas fields in the Permian Basin and Bakken Ford require intervention operations to enhance the productivity of the wells. Thus, North America dominated the coiled tubing industry in 2018.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the coiled tubing market. Some of the key players are Schlumberger (US), Halliburton (US), C&J Energy Service (US), Weatherford (US), and BHGE (US). The leading players are adopting various strategies to increase their share in the coiled tubing industry. Contracts & agreements and new product launches have been a widely adopted strategy by the major players in the coiled tubing market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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PDC Drill Bits Market Outlook 2018 – Huge Growth, Trends, Revenue And In-Depth Analysis 2023

The report "PDC Drill Bits Market by Type (Matrix Body and Steel Body), Size of PDC Cutter (Less than 9 mm, 9–14 mm, 15–24 mm, and Above 24 mm), Number of Blades (Less than 6, 6–10, and Above 10), and Region (North America, Asia Pacific, and Europe) - Global Forecast to 2023", The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period. This growth can be attributed to factors such as increasing oil & gas drilling activities in the world and need for advanced techniques for faster drilling in less downtime.       

                                                                    

Browse 70 market data Tables and 38 Figures spread through 123 Pages and in-depth TOC on "PDC Drill Bits Market - Global Forecast to 2023"

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The matrix body segment is estimated to hold the largest share of PDC drill bits market, by type, during the forecast period

The matrix body segment held the largest share of the PDC drill bits market in 2017 and is expected to grow at a decent pace during the forecast period. The large market share of this segment can be attributed to the rising demand for faster drilling with less wear and tear of drill bits in medium-hard and hard formations.

The 6–10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017

The 6–10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017. The 6–10 blades of PDC drill bits are mainly used for higher Rate of Penetration (ROP) drilling in medium-hard formations. Countries such as the US, China, Saudi Arabia, and Oman are showing rapid growth in the 6–10 blades PDC drill bits segment because of the recent increase in shale gas production and oil drilling.

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North America: The leading regional market in PDC drill bits

In this report, the PDC drill bits market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is estimated to be the largest market for PDC drill bits. The increasing shale gas exploration & production in the region is the major factor for the growth of the market.

The report provides an in-depth understanding of the competitive landscape and includes profiles of some of the leading players in the PDC drill bits market. The key players include Schlumberger (US), BHGE (US), Halliburton (US), NOV (US), Varel (US), Atlas Copco (Sweden), Ultera (US), Drill Master International (US), Sichuan Chuanshi Diamond Bit (China), Torquato (US), Rubicon Oilfield International (US), and Western Drilling tools (Canada), Shear bits (Canada), Volgaburmash (Russia). These players adopted various strategies, such as new product launches, contracts & agreements, and mergers & acquisitions to increase their global presence and market share.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Scrubber System Market Expected to Witness the Highest Growth during 2018-2023

According to the new market research "Scrubber System Market by Type (Wet (Design), Dry (Sorbent Mixing)), End-User (Marine, Oil & Gas, Petrochemicals & Chemicals, Pharmaceuticals, Glass, Pulp & Paper, Food & Agricultural, Wastewater Treatment), and Region - Global Forecast to 2023" The global scrubber system market is projected to reach USD 1.86 Billion by 2023. The scrubber system market is expected to grow from an estimated USD 1.02 Billion in 2018 to USD 1.86 Billion by 2023, registering a CAGR of 12.82% during the forecast period. This growth is primarily due to the growing stringent environmental regulations to reduce atmospheric emissions                                                                         
Browse 70 market data Tables and 35 Figures spread through 127 Pages and in-depth TOC on "Scrubber System Market - Global Forecast to 2023" 
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Wet scrubber segment is expected to hold the largest share of the scrubber system market, by type, during the forecast period
The wet scrubber segment led the scrubber system market in 2017, and is projected to dominate the market during the forecast period. Wet scrubbers are effective air pollution control devices for removing particles as well as gases from industrial exhaust streams. Wet scrubbers are generally the most appropriate air pollution control device for collecting both particulates and gas in a single system. The wet scrubbers segment is further sub-segmented into packed bed scrubber, spray scrubber, and venturi scrubber. The soaring demand for such efficient scrubbers from the shipping industry to abide by new exhaust gas emission regulations is the factor driving the wet scrubber market.
Marine segment is expected to be the fastest growing in the scrubber system market, by end-user, during the forecast period
Marine industry is expected to be the fastest growing end-user segment during the forecasted period from 2018 to 2023. Scrubbers have been incorporated in various vessels around the globe such as roll-on/roll-off (RO-RO), ferries, cruise ships, container ships, and very large crude carriers (VLCCs) as these vessels are heavy emitters of SOx. Scrubber systems help ship owners to continue burning less expensive high-sulfur fuel while ensuring emissions are MARPOL compliant.
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Europe: The leading market for scrubber system
In this report, the scrubber system market has been analyzed with respect to five regions, namely, Europe, Asia Pacific, North America, South & Central America, and the Middle East & Africa. The European region is projected to hold the largest market share in the global scrubber system market in 2023. The IMO has set a global limit for sulfur in fuel oil used on board ships of 0.50% m/m (mass by mass) from 1 January 2020, which means that shipping companies are liable to take measures to mitigate sulfur oxide emissions generated by their ships. Meanwhile, the objective of Europe’s proposed 20-20-20 target is 20% increase in energy efficiency, 20% reduction of CO2 emissions, and 20% of the region’s energy from renewables by 2020. All these factors are expected to boost the scrubber system market in the European region.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the scrubber system market. These players include DuPont (US), Alfa Laval (Sweden), Yara Marine (Norway), Wärtsilä (Finland), and B&W (US). The leading players adopted various strategies to increase their market shares such as contracts & agreements, new product launches, and mergers & acquisitions.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com