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.
Browse full research report on Global 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
Browse more reports of this category by Grand View
Research: http://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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Russia
- Asia
Pacific
- China
- Australia
- Central
& South America
- Middle
East and Africa
Access press release of this research report by Grand
View Research: http://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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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