Global Coiled Tubing Services Market Is Expected to Grow at a CAGR of 8.17% by 2022
The Global Coiled Tubing market is expected to reach $5.47 billion by 2022, growing at a CAGR of 8.17% from 2015 to 2022. The extensive exploration of shale gas and drilling activities across the globe is the key factor driving the market growth. Increasing demand for energy, increased exploration, production, and completion activities and increasing E&P spending are the major drivers for the coiled tubing market. However, strict government & environmental policies, decreasing crude oil prices and high market rivalry...
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