Global Air Core Drilling Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global air core drilling market in its upcoming report titled, “Global Air Core Drilling Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global air core drilling market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global air core drilling market report has been segmented on the basis of application, end-user, and region.
Air core drilling is primarily used to bore a hole into unconsolidated ground. This method is used to drill weathered regolith – loose, heterogeneous material covering solid rock. Air core drill bit has three blades that are arranged around the bit head, which cuts the unconsolidated ground and air core drilling is limited to a depth of 300 meters.
Increasing oil and gas exploration and production activities globally and presence of untapped hydrocarbons reserves are key factors driving growth of the global air core drilling market. In addition, rising energy demand, and increasing bore well drilling activities are some other factors expected to boost growth of the global air core drilling market over the forecast period.
However, stringent environmental regulations on carbon emissions and access to land for drilling is a major factor restraining growth of the global air core drilling market. Additionally, lack of skilled workforce and high development & maintenance costs are some other factors expected to hamper growth of the global air core drilling market over the forecast period.
Currently, the market in North America accounts for largest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to rising demand for efficient drilling techniques for loose soil hydrocarbon regions and growing demand for conventional energy sources in countries in the region. The market in Asia Pacific is projected to witness fastest growth over the forecast period, owing to rising energy demand and increasing exploration activities in emerging economies such as China and India. Also, the market in Middle East & Africa is projected to witness moderate growth over the forecast period, owing to existence of unexplored hydrocarbons reserves, and presence of sand hydrocarbons reserves in Egypt and Nigeria.
Global air core drilling market segmentation:
- Nitrogen Membrane Drilling
- Aerated Fluid Drilling
- Dust Drilling
- Mist Drilling
- Foam Drilling
- Oil & gas
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Schlumberger Limited
- Atlas Copco AB
- Baker Hughes, a GE company, LLC
- Weatherford International plc
- Halliburton Company
- Geodrill Limited
- Master Drilling Group Ltd
- Brown Bros Drilling
- Bostech Drilling Pty Ltd.
- Ausdrill Limited
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