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.
View
summary of this report @ 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
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
For press release of this report - http://www.grandviewresearch.com/press-release/global-air-core-drilling-market
About Grand View
Research
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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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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