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The coiled tubing services market has experienced strong growth, increasing from $4.78 billion in 2023 to $5.03 billion in 2024, with a compound annual growth rate (CAGR) of 5.2%. This growth is attributed to factors such as oil and gas exploration and production, cost-effective well interventions, and the maintenance of aging wells. Looking ahead, the market is expected to continue its strong growth, reaching $6.2 billion by 2028, with a CAGR of 5.4%.

Key Players and Innovations

Major players in the coiled tubing services market include Schlumberger Limited, Baker Hughes Company, and Halliburton Company. These companies are investing in technology innovations to enhance their offerings. For example, Baker Hughes launched a new fast all-electric tieback solution, which offers organized building blocks for large subsea assemblies, resulting in a more than 15% reduction in project capital expenditure (CapEx) costs compared to conventional systems.

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Recent Acquisitions and Market Expansion

In September 2022, STEP Energy Services acquired ProPetro Holding Corp, reinforcing its position as a top provider of coiled tubing services. This acquisition highlights the trend of companies in the market expanding their presence and capabilities through strategic acquisitions.

Market Segmentation and Regional Insights

The coiled tubing services market is segmented by service type, operations type, and application type. Service types include well intervention and drilling, while operations types include circulation, pumping, logging, and perforation. North America dominated the coiled tubing services market in 2023, with significant growth expected in the coming years.

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The Coiled Tubing Services Global Market Report 2024 provides an overviewof the coiled tubing services market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The coiled tubing services market forecast analyzescoiled tubing servicesmarket size, coiled tubing services market share,leading competitor and their market positions.

The Table Of Content For The Coiled Tubing Services Market Include:
1. Coiled Tubing Services Market Executive Summary
2. Coiled Tubing Services Market Segments
3. Coiled Tubing Services Market Size AndCoiled Tubing Services Market Growth Rate
4. Key Coiled Tubing Services Market Trends
5. Major Coiled Tubing Services Market Drivers
……
25. Key Mergers And Acquisitions In The Coiled Tubing Services Market
26. Top Coiled Tubing Services Companies
27. Coiled Tubing Services Market Opportunities And Strategies
28. Coiled Tubing Services Market, Conclusions And Recommendations
29. Appendix

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