China Coiled Tubing Market Size & Outlook, 2019-2027
The coiled tubing market in China is expected to reach a projected revenue of US$ 247.1 million by 2027. A compound annual growth rate of 3.8% is expected of China coiled tubing market from 2020 to 2027.
Revenue, 2019 (US$M)
$183.0
Forecast, 2027 (US$M)
$247.1
CAGR, 2020 - 2027
3.8%
Report Coverage
China
China coiled tubing market, 2016-2027 (US$M)
Related Markets
China coiled tubing market highlights
- The China coiled tubing market generated a revenue of USD 183.0 million in 2019 and is expected to reach USD 247.1 million by 2027.
- The China market is expected to grow at a CAGR of 3.8% 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.
Coiled tubing market data book summary
| Market revenue in 2019 | USD 183.0 million |
| Market revenue in 2027 | USD 247.1 million |
| Growth rate | 3.8% (CAGR from 2019 to 2027) |
| Largest segment | Well intervention |
| Fastest growing segment | Well Intervention |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, China accounted for 5.6% of the global coiled tubing market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China coiled tubing market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 247.1 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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China coiled tubing market size, by services, 2016-2027 (US$M)
China Coiled Tubing Market Outlook Share, 2019 & 2027 (US$M)
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