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.
Access Research Report of Air Core Drilling
Market @:
www.grandviewresearch.com/industry-analysis/air-core-drilling-market
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
Browse more reports of this category by
Grand View Research at: 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 Press Release of
Air Core Drilling Market@: 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: www.grandviewresearch.com
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