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 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: 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Russia
- Asia Pacific
- China
- Australia
- Central &
South America
- Middle East
and Africa
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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