Coiled Tubing Market Is Likely To Up Demand At A USD 2.41 Billion By 2030
San Francisco, 20 Oct 2022: The Report Coiled Tubing Market Size, Share & Trends Analysis Report By Services, By Operations, By Application, By Region, And Segment Forecasts, 2022 - 2030 The global coiled tubing market size is expected to reach USD 2.41 billion by 2030, expanding at a CAGR of 3.4% during the forecast period. The increasing investments in the production of shale gas and offshore drilling are expected to augment the market growth during the forecast period. The crude oil price crossed the USD 100-per-barrel threshold in February 2022 due to the Russia-Ukraine conflict. Owing to this, the U.S. government has asked oil & gas producing companies to ramp up their production. The production of U.S. shale oil is anticipated to increase by 109,000 barrels per day. This trend is expected to positively impact the coiled tubing market growth during the forecast period. Coiled tubing is a long continuous length of small-diameter steel pipe....