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The coiled tubing market can be segmented on basis of services as well intervention services, drilling services and other services. Well intervention services can be segmented into well cleaning and well completion services (acid & chemical treatment, fishing, logging and perforation etc.). On the regional front North America is currently the largest market for coiled tubing both in terms of value and active fleet count. As awareness regarding benefits of this technology is increasing, other world markets are likely to increase their demand for coiled tubing. An expanding scope of business has been observed in areas like Europe, Asia Pacific and the Middle Eastern regions. However with the slowdown in North-American demand the overall growth curve for the industry is likely to be moderated in the near future.
- North America
- Asia Pacific
- Rest of the World
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