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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