Air Core Drilling Market to grow at a Significant Rate through 2026
Continuous efficient sample returns,
and rising energy requirements are expected to drive the demand for global air
core drilling market in forecast period.
According to TechSci Research report, “Global Air Core Drilling Market By Application (Dust Drilling, Mist Drilling, Foam
Drilling, Aerated Fluid Drilling, and Nitrogen Membrane Drilling), By End Use
(Oil & Gas, Mining, and Construction), By Company, By Region, Forecast
& Opportunities, 2026”, is expected to witness robust growth in the
next five years owing to defined product specifications and high quality
extraction reserves. Technological innovations to develop advanced mining
equipment to obtain optimum samples after extraction process is fostering the
global air core drilling market growth. Also, usage of video surveillance aids
in real-time monitoring of minerology of cuttings and risk management of the
drilling processes make the air core drilling process more feasible. Moreover,
reduced time for extractions with minimal error in obtained samples, along with
fast switch between complementary drilling bits are major growth driving
factors behind the impressive boost in global air core drilling market. Usage
of air core drilling technique in commercial as well as industrial sectors is also
supporting the market growth and is anticipated to do the same in forecast
period of 2022-2026.
However, harmful effects over health of an individual
and limited presence of geographical reserves pertaining to accept adverse
conditions like absence of water and hydrogen sulfide zones for drilling
process may create hindrance in the growth of the global air core drilling market.
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Global
air core drilling market is segmented by application, end user, region, and
company. Based on application, market is further categorised into dust
drilling, mist drilling, foam drilling, aerated fluid drilling, and nitrogen
membrane drilling. Dust drilling is dominating in 2020 and is expected to hold
major market share during the next five years too. Dust drilling uses compressed
air as medium thereby ejecting dust as return. Cost-effectiveness of dust
drilling over other methods of drilling and easy to clean, contributing to the dust
drilling market growth. Maximum penetrations rates associated with dust
drilling is another factor propelling the market growth for air core drilling.
Dust drilling is used to reduce hydrostatic pressure in wellbore. Nitrogen
membrane is expected to witness fastest incremental growth in the next five
years on account of its affordability over its counterparts and lower
maintenance costs. Lower maintenance costs and transportation issue associated
with nitrogen membrane are contributing to the global air core drilling market.
Schlumberger
Limited, Halliburton Company, Baker Hughes Incorporated, Weatherford
International Inc., Atlas Copco AB, Ausdrill Limited, Ranger Drilling, Master
Drilling, Bostech Drilling, Chicago Pneumatic are the leading players
operating in global air core drilling market. Manufacturers are increasingly
focusing on research and development process to fuel higher growth in the
market. To meet evolving customer demand with respect to better efficiency and
durability, several air core drilling manufacturers are coming up with their technologically
advanced offerings.
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“Huge
investments in exploration and drilling activities and surge in demand for
mining equipment is expected to aid the growth for global air core drilling
market. Increase in significance of water drilling and several untapped
unconventional oil reserves are anticipated to accelerate the global air core
drilling market. Reliance of consumers on conventional sources of energy and
advantages associated with air core drilling ensures it as alternative to heavy
machinery thereby surging the market growth till 2026,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Air Core Drilling
Market By Application (Dust Drilling, Mist Drilling, Foam Drilling, Aerated
Fluid Drilling, and Nitrogen Membrane Drilling), By End Use (Oil & Gas,
Mining, and Construction), By Company, By Region, Forecast & Opportunities,
2026” has evaluated the future growth potential of global air
core drilling market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of global air core
drilling market.
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