Coiled Tubing (CT) Market Size Is Anticipated To Reach At A CAGR 5.1% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 23 October 2019: The Report Coiled Tubing (CT) Market Analysis By Services (Well Intervention (Well Completion, Well Cleaning), Drilling), By Operations (Circulation/ Deliquification, Pumping, Logging, Perforation), By Application, And Segment Forecasts, 2018 – 2025 The global Coiled Tubing (CT) Market is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc. Globally, declining oil production and increasing number of exploration & production activities are anticipated to drive the market growth in the next eight years. In addition, a shift in the trend for developing unconventional oil blocks globally, will boost the market demand. Regulations in countries enhancing exploration & production activities will be a supporting factor for the market growth. Favorable initiatives by Chinese and the U.S. governments in the form of relaxed provision of FDI, tax incentives, and other financial aids ...