코일드 튜빙 제조 시장 예측(-2030년) : 제품 유형별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Coiled Tubing Manufacturing Market is accounted for $1.45 billion in 2023 and is expected to reach $2.03 billion by 2030 growing at a CAGR of 4.9% during the forecast period. The complex process of creating flexible, long-lasting tubing for use in a variety of industries, including aerospace, medical, and oil and gas, is known as coiled tubing manufacturing. Sophisticated manufacturing methods, such as accurate welding and forming, are utilized to guarantee that the tubing fulfills exacting quality requirements. Moreover, stainless steel and high-strength alloys are common materials used to make tubing because of their ability to withstand harsh operating conditions.

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Market Dynamics:

Driver:

Increasing production and exploration involvement

The growth of exploration and production activities in the oil and gas industry is driven by the ongoing global demand for energy. As traditional reserves run out and new hydrocarbon reservoirs are found in hard-to-reach places, businesses are stepping up their efforts to find and use these resources. Additionally, this trend will be beneficial to the coiled tubing manufacturing industry since coiled tubing is used in many phases of well construction, maintenance, and intervention.

Restraint:

Threats from alternative technologies

Alternative technologies like jointed pipe and snubbing units pose danger to coiled tubing, especially in certain applications involving well intervention. Alternative techniques might be preferred in particular well conditions or operational scenarios, even though coiled tubing has advantages in terms of flexibility, speed, and cost-effectiveness. Furthermore, the need for coiled tubing manufacturing may be impacted by advancements in hydraulic fracturing equipment and techniques, which could lessen the need for coiled tubing in some reservoirs for well stimulation.

Opportunity:

Growth of enhanced oil recovery (EOR) methodologies

Manufacturers of coiled tubing have a lot of opportunities because of the increased focus on optimizing hydrocarbon recovery from current reservoirs. Moreover, enhanced oil recovery (EOR) methods like chemical treatments, gas injection, and water flooding are being used to extract more oil and gas from developed fields. Because it offers a versatile and affordable way to transfer fluids and treatments into the reservoir, coiled tubing technology is essential to the implementation of EOR techniques.

Threat:

Regulatory uncertainty and geopolitical instability

The coiled tubing manufacturing industry is facing serious challenges from geopolitical tensions, trade disputes, and regulatory uncertainties. Political unrest in important oil-producing areas has the potential to upend supply chains, modify market dynamics, and cause swings in the demand for services and equipment related to coiled tubing. Changes in trade tariffs, regulatory frameworks, and government policies can also affect manufacturers' access to markets, compliance needs, and raw material costs. Additionally, these developments can impede their ability to expand and create operational difficulties.

Covid-19 Impact:

The COVID-19 pandemic caused delays in projects, disruptions in global supply chains, and a sharp drop in the demand for oil and gas, all of which had a significant effect on the market for coiled tubing manufacturing. In an effort to stop the virus from spreading, lockdown procedures and travel restrictions were put in place. As a result, fewer drilling operations and postponed exploration and production projects occurred, which in turn reduced the need for coiled tubing services and equipment. Furthermore, variations in oil prices, which are intensified by imbalances in supply and demand as well as geopolitical concerns, have reduced investment in the oil and gas industry and limited capital expenditures on assets related to coiled tubing.

The Stainless-Steel Coiled Tubing segment is expected to be the largest during the forecast period

It is projected that the segment producing coiled tubing made of stainless steel will have the largest market share. Coiled tubing made of stainless steel is ideal for harsh applications in the oil and gas, aerospace, and chemical processing industries because of its exceptional strength, resilience to corrosion, and longevity. However, for downhole tubing, hydraulic lines, and instrumentation tubing in oil and gas production and exploration, its resistance to corrosion even in harsh environments and corrosive fluids makes it a great choice.

The Well Intervention segment is expected to have the highest CAGR during the forecast period

The market for coiled tubing manufacturing is expected to grow at the highest CAGR in the well intervention segment. Well intervention refers to a range of operations carried out on gas and oil wells with the aim of improving output, repairing integrity, or addressing problems like buildup of scale or sand control. Because of its flexibility, reach into long horizontal sections, and ability to carry out operations under pressure, coiled tubing is widely used in well intervention activities. Moreover, coiled tubing is frequently used in well intervention procedures such as plug setting and milling, acid stimulation, cleanouts, and fishing operations.

Region with largest share:

The market for coiled tubing manufacturing is expected to have the largest share in North America. The extensive exploration and production of oil and gas, especially in the United States and Canada, is credited with this dominance. There is a constant need for coiled tubing equipment and services in well intervention, drilling, and completion operations due to the existence of mature oil and gas fields as well as ongoing developments in unconventional resource plays like shale gas and tight oil reservoirs. Additionally, North America holds a sizable share of the market for the manufacturing of coiled tubing due to the presence of important market players, advantageous government regulations, and technological advancements.

Region with highest CAGR:

The Middle East and Africa (MEA) region has the highest CAGR in the coiled tubing manufacturing market. MEA is endowed with an abundance of hydrocarbon resources, especially in nations like Saudi Arabia, the United Arab Emirates, and Nigeria. As a result, substantial investment in oil and gas production and exploration is made in these regions. Furthermore, the requirement for coiled tubing solutions for well intervention, drilling, and production enhancement is fueled by the region's focus on improving oil recovery from mature fields as well as the development of unconventional resources.

Key players in the market

Some of the key players in Coiled Tubing Manufacturing market include Tenaris S.A., Schlumberger Limited, C&J Energy Services, NOV Inc. (National Oilwell Varco), John Lawrie Group, Forum Energy Technologies, Inc., Trident Steel Corp., Baker Hughes, Sandvik AB, Weatherford International plc, Stewart & Stevenson PLC, Halliburton Company, Calfrac Well Services Ltd. and Trican Well Service Ltd.

Key Developments:

In April 2024, US oilfield services heavyweight Baker Hughes has won a contract to supply gas technology equipment for work on the third phase of Saudi Aramco's master gas system (MGS) project. While fresh oilfield projects in Saudi Arabia have taken a back seat following a government directive to pause further expansion of its crude production capacity, Aramco's gas-based developments are likely to gain momentum in the next few years.

In November 2023, Forum Energy Technologies, Inc. announced that it has entered into a definitive agreement to acquire Variperm Energy Services ("Variperm") for consideration of $150 million of cash and 2 million shares of FET's common stock, reflecting a valuation of approximately 3.7x Variperm's trailing twelve months EBITDA as of September 30, 2023. The transaction is expected to close in January 2024 and is subject to customary closing conditions and Canadian regulatory approval.

In May 2023, Tenaris has received a multi-year contract worth more than $100m from Neptune Energy for the supply of equipment and services to support drilling activities on the Norwegian Continental Shelf. The contract is valid for five years and comes with a pair of two-year extension options.

Product Types Covered:

• Stainless Steel Coiled Tubing
• Carbon Steel Coiled Tubing
• Other Product Types

Applications Covered:

• Well Intervention
• Drilling
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Coiled Tubing Manufacturing Market, By Product Type

• 5.1 Introduction
• 5.2 Stainless Steel Coiled Tubing
• 5.3 Carbon Steel Coiled Tubing
• 5.4 Other Product Types

6 Global Coiled Tubing Manufacturing Market, By Application

• 6.1 Introduction
• 6.2 Well Intervention
  • 6.2.1 Matrix Acidizing
  • 6.2.2 Hydraulic Fracturing
  • 6.2.3 Nitrogen Kick Off
  • 6.2.4 Nitrogen Lift
  • 6.2.5 Sand Control
  • 6.2.6 Logging While Drilling (LWD)
• 6.3 Drilling
  • 6.3.1 Extended Reach Drilling (ERD)
  • 6.3.2 Directional Drilling
  • 6.3.3 Managed Pressure Drilling (MPD)
  • 6.3.4 Horizontal Drilling
• 6.4 Other Applications

7 Global Coiled Tubing Manufacturing Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Tenaris S.A.
• 9.2 Schlumberger Limited
• 9.3 C&J Energy Services
• 9.4 NOV Inc. (National Oilwell Varco)
• 9.5 John Lawrie Group
• 9.6 Forum Energy Technologies, Inc.
• 9.7 Trident Steel Corp.
• 9.8 Baker Hughes
• 9.9 Sandvik AB
• 9.10 Weatherford International plc
• 9.11 Stewart & Stevenson PLC
• 9.12 Halliburton Company
• 9.13 Calfrac Well Services Ltd.
• 9.14 Trican Well Service Ltd.