Coil Tubing Market Analysis- Size, Share, Growth, Trends and Forecasts, 2014 To 2020: Grand View Research

Global growth in oil & gas industry coupled with increased energy demand in Middle East & Africa (MEA) and Asian regions is expected to be a key driving factor for coil tubing market growth over the next seven years. Increase in shale gas projects coupled with new reserve discoveries is anticipated to prompt coil tubing market growth. Diverse coil tubing applications such as nitrogen pumping and well clean outs are expected to be the key factor further complementing coil tubing market growth over the forecast period. Coil tubing market can be classified under drilling services and well intervention services. Well intervention services are further segmented into well cleaning and well completion services. Various advantages of coil tubing such as reduced labor requirement, quicker trip times in oil & gas industry is slated to fuel coil tubing demand which in turn is expected to augment coil tubing market growth. Ageing facilities in oil & gas is also expected to be a driver for coil tub
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