Global Air Core Drilling Market Size study & Forecast, by Application (Dust Drilling, Foam Drilling, Mist Drilling, Nitrogen Membrane Drilling, Aerated Fluid Drilling), By Industry (Mining, Oil & Gas, Construction) and Regional Analysis, 2023-2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Air Core Drilling market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Air Core Drilling market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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Global Air Core Drilling Market is valued at approximately USD 1.25 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.40% over the forecast period 2023-2030. Air core drilling is defined as the process of penetrating the earth for the purpose of extracting minerals and resources. It is usually done using hardened steel and tungsten blades. The Air Core Drilling Market is expanding because of factors such as rising in mining activities and rising in the oil & gas industry. Moreover, the global air core drilling market is expected to grow substantially due to the increasing demand for high-grade mineral ores. Its importance has progressively increased during the last few decades.
According to the Statista in 2020, in terms of mineral production value, China held the top position globally, with over USD217 billion in metallic mineral and coal production value. The United States ranked third, reporting approximately USD55 billion in mineral production value during the same period. Moreover, in 2021, the mining industry’s leading 40 companies had a total revenue of approximately 925 billion U.S. dollars, including trading revenues. The increase in worldwide oil and gas exploration and production activities and the presence of untapped hydrocarbon reserves are key factors in the expansion of the global air core drilling market. According to the Statista, in 2022, the global demand for crude oil reached USD 99.57 million barrels per day, and it is expected to rise to USD101.89 million barrels per day in 2023. Moreover, global consumption of oil has steadily increased over the last three decades, totaling 4.25 billion metric tons in 2021, In addition, an increase in emphasis on water drilling and research and development (R&D) initiatives are creating opportunities in the global air core drilling market during the forecast period. However, high labor costs and high development and maintenance costs stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Air Core Drilling Market study includes: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is dominating region during the forecast period owing to the, growing demand for effective drilling techniques and technological advancements in drilling techniques by key market players. Asia Pacific is the fastest growing region during the forecast period owing to the, rising number of Energy & Power projects and significant hydrocarbon reserves within the region.
Major market player included in this report are:
- Ausdrill Limited
- Australia Pty Ltd.
- Atlas Copco (India) Ltd.
- Bostech Drilling Australia Pty Ltd
- Brown Bros Drilling,
- Geodrill Limited
- Schlumberger Limited
- Master Drilling Group Ltd.
- Perenti Global Limited
- Wallis Drilling Pty. Ltd
Recent Developments in the Market:
In November 2021, Krakatoa Resources initiated an air core drill that cost about USD 3,000 approximately. The Yilgarn Craton terrain contains a variety of possible REE targets, and air-core drilling is being done to support continued resource-defining drilling. It is believed that the Mt. Clere region has clay-attached REE deposits, which ultimately makes downstream refining less expensive.
In March 2021, In order to meet the demands of clients working on foundations, geotechnics, water wells, geothermal and mineral exploration projects, among others, Comacchio has increased the variety of drill applications in its product line. As a result, the market’s demand for the product has increased from a variety of applications.
Global Air Core Drilling Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Application:
- Dust Drilling
- Foam Drilling
- Mist Drilling
- Nitrogen Membrane Drilling
- Aerated Fluid Drilling
By Industry:
- Mining
- Oil & Gas
- Construction
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Key Points Covered in Air Core Drilling Market Report:
Table of Contents
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Air Core Drilling Market, by Region, 2020-2030 (USD Billion)
1.2.2. Air Core Drilling Market, by Application, 2020-2030 (USD Billion)
1.2.3. Air Core Drilling Market, by Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Air Core Drilling Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Air Core Drilling Market Dynamics
3.1. Air Core Drilling Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising in mining activities
3.1.1.2. Rising in oil &gas industry
3.1.2. Market Challenges
3.1.2.1. High labor cost
3.1.2.2. High development and maintenance costs
3.1.3. Market Opportunities
3.1.3.1. Increasing emphasis on water drilling
3.1.3.2. Research and development (R&D) in air core drilling techniques
Chapter 4. Global Air Core Drilling Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
……..and view more in complete table of Contents
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