Asia Pacific Coiled Tubing Market Size & Outlook
The coiled tubing market in Asia Pacific is expected to reach a projected revenue of US$ 323.1 million by 2027. A compound annual growth rate of 3.5% is expected of Asia Pacific coiled tubing market from 2020 to 2027.
Revenue, 2019 (US$M)
$245.4
Forecast, 2027 (US$M)
$323.1
CAGR, 2020 - 2027
3.5%
Report Coverage
Asia Pacific
Asia Pacific coiled tubing market, 2016-2027 (US$M)
Related Markets
Asia Pacific coiled tubing market highlights
- The Asia Pacific coiled tubing market generated a revenue of USD 245.4 million in 2019.
- The market is expected to grow at a CAGR of 3.5% from 2020 to 2027.
- In terms of segment, well intervention was the largest revenue generating services in 2019.
- Well Intervention is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 245.4 million |
| Market revenue in 2027 | USD 323.1 million |
| Growth rate | 3.5% (CAGR from 2019 to 2027) |
| Largest segment | Well intervention |
| Fastest growing segment | Well Intervention |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Well Intervention, Drilling |
| Key market players worldwide | Forum Energy Technologies Inc, NOV Inc, Tenaris SA, Sandvik AB, Steel Partners Holdings LP |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 7.6% of the global coiled tubing market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- North America is the fastest growing regional market and is projected to reach USD 2,304.9 million by 2027.
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Coiled Tubing Market Scope
Coiled tubing market segmentation & scope
Coiled Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific coiled tubing market size, by country, 2016-2027 (US$M)
Asia Pacific Coiled Tubing Market Outlook Share, 2019 & 2027 (US$M)
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