Global Air Core Drilling market by
application, 2014 - 2025 (USD Million)
|
The global Air Core Drilling Market value is anticipated to exceed USD
1.45 billion by 2025, according to a new report by Grand View Research, Inc.
Rising investment in E&P activities across various unconventional energy
sources to meet growing energy demand is expected to drive the market over the
next nine years.
Air core drilling is widely used in soft rock and soil formations that
do not need heavy machinery to drill to the desired depth. The samples produced
are not damaged and can be easily analyzed which makes this method better
thanrotary air blast drilling.The techniqueis primarily used by mining
companies which are looking for minerals that are well below the surface as it
can reach depths up to 300 meters.
Additional benefits of this method include instant switch between
complimentary drill bits, continuous sample returns, and reduced times in
moving between boreholes which maintain the ore grade of the mineral samples.
Air core drilling
takes longer time than other conventional techniques as the process is more
accurate.In addition,the technique functions at water devoid, mature geographical
areas and hydrogen sulfide zones which is anticipated to limit its usability.
Full Research Report On Air Core Drilling Market Analysis:
http://www.grandviewresearch.com/industry-analysis/air-core-drilling-market
http://www.grandviewresearch.com/industry-analysis/air-core-drilling-market
Further key findings from the report suggest:
·
The global air core drilling demand
exceeded USD 900 million in 2015 and is estimated to grow at a CAGR of 5.0%
from 2016 to 2025
·
Nitrogen membrane drillingis anticipated to
grow at the highest CAGR of 5.7% from 2016 to 2025 owing to the ability to
reduce chances of down hole fires and operating costs.
·
Dust drilling demand in the U.S. is
estimated to exceed USD56.3 million by 2025. High demand for this technique may
be attributed to a large number of mature sedimentary basins in the country.
·
The Asia Pacific air core drilling industry
is expected to grow at the highest CAGR of 5.9% from 2016 to 2024 owing to
alarge number of upcoming E&P projects and the presence of huge untapped
hydrocarbon reserves.
·
Key players include Schlumberger, Atlas
Copco, Baker Hughes, Weatherford, Allis Chalmers and Halliburton
·
Harlsan is one of the primary suppliers of
RC drill rods and air core bits to major mining players present in Asia,
Africa,Canada,UK, and South America. Airdrill manufactures drilling and
auxiliary equipment for oil&gas and mining industries
View More Reports
Of This Category By Grand View Research At:
https://www.grandviewresearch.com/industry/renewable-energy
https://www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the air core drilling market on the
basis of application, and region:
Air Core Drilling Application
Outlook (USD Million, 2014 - 2025)
·
Dust drilling
·
Mist drilling
·
Foam drilling
·
Aerated fluid drilling
·
Nitrogen membrane drilling
Air Core Drilling Regional
Outlook (USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o Russia
·
Asia Pacific
o China
o Australia
·
Central & South America
·
Middle East and Africa
Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-air-core-drilling-market
https://www.grandviewresearch.com/press-release/global-air-core-drilling-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/