Kenneth Research, in its repository of market research reports, has recently added a report on Coiled Tubing (CT) Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Coiled Tubing (CT) Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Coiled Tubing (CT) Market products.
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A report on Coiled Tubing (CT) Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2030. The report on Coiled Tubing (CT) Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.
According to Azoth Analytics research report “Global Coiled Tubing (CT) Market: Analysis By Active CT Fleet, Application (Well Intervention, Drilling, Completion), Location(Onshore, Offshore), By Region, By Country (2018 Edition) – Forecast to 2023” global market is projected to display a modest growth represented by a CAGR of 3.58% during 2018 – 2023.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Over the recent years, global coiled tubing market has been witnessing a decline, on account of several factors including falling crude oil prices, sluggish growth in investment, declining production of oil and gas. Moreover, ongoing demographic shift towards renewable energy sources, increase production in developing regions, rising investment in shale oil and revival in the prices of crude oil, is expected to propel the market for coiled tubing market during the forecast period. In this research report, the market is segmented on the basis of application type as well as location. By application type, the segment of Well intervention is predicted to hold its dominant position in the market. Amongst the regions, North America accounts for the largest regional share in the global coiled tubing market in 2018.
The report titled “Global Coiled Tubing (CT) Market: Analysis By Active CT Fleet, Application (Well Intervention, Drilling, Completion), Location (Onshore, Offshore), By Region, By Country (2018 Edition) – Forecast to 2023” has covered and analyzed the potential of global coiled tubing market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global coiled tubing market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Coiled Tubing Market
(Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Coiled Tubing Market – Size and Growth By Value, By Active CT Units
• By Application Type – Well Intervention, Drilling and Completion: By Value
• By Location – Offshore and Onshore: By Value
Regional Markets – North America, Europe, Asia-Pacific, South America and Middle East
(Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Coiled Tubing Market – Size and Growth: By Value, By Active CT Units
• By Application Type – Well Intervention, Drilling and Completion: By Value
• By Location – Offshore and Onshore: By Value
Country Analysis – U.S, Canada, Mexico, Brazil, Venezuela, Norway, Russia, UK, China, India, Indonesia, Saudi Arabia, Iran and Nigeria.
(Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Coiled Tubing Market – Size and Growth: By Value
• By Active CT Units
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Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Company Share Analysis
• SWOT Analysis
• Porter Five Force Analysis
• Supply Chain Analysis
• Policy and Regulatory Landscape
• Company Analysis – Schlumberger, Baker Hughes, Halliburton, Weatherford International Inc, Archer Limited, Calfrac Well Services Ltd, Cudd Energy Services, Superior Energy Services Inc., Trican Well Service Ltd., and C&J Energy Services, Inc..
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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