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The coiled tubing market size is forecast to increase by USD 1.21 billion, at a CAGR of 5.73% between 2023 and 2028. The market for advanced automated drilling rigs is experiencing significant growth, propelled by a surge in deep and ultra-deep-water drilling ventures. The surge in unconventional resource exploration and extraction has indeed reshaped the global energy landscape. Technologies like horizontal drilling and hydraulic fracturing have unlocked vast reserves of oil and gas from previously inaccessible geological formations, particularly shale. This shift has significant implications across various sectors. Economically, it has bolstered energy security for countries previously reliant on imports, like the United States. The boom in shale gas production, for instance, has not only reduced dependence on foreign energy sources but also spurred domestic job creation and economic growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Service
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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