Press release
Air Core Drilling Market Size Worth USD 1.79 Billion, Globally by 2030 at 6.2% CAGR
๐๐ข๐ซ ๐๐จ๐ซ๐ ๐๐ซ๐ข๐ฅ๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญThe air core drilling market size was valued at USD 1.06 billion in 2021. It is projected to grow to USD 1.79 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Air core drilling is a commonly employed technique for creating a hole in loose ground to drill wells for water, oil, or natural gas extraction. Steel that is hardened and blades made of tungsten are utilized to drill a hole in the ground. It includes a tube inside a hollow rod that is used to inject compressed air into the hole in order to remove the debris from drilling. These clippings are pushed up to the surface using the inner tube, run through the sample separating system, and gathered if needed. Air core drilling can reach depths of up to 300 meters in favorable conditions. Because the cuttings are extracted within the rods, they are more resistant to contamination than traditional drilling methods.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/air-core-drilling-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โ The market demand for air core drill technology is increasing due to its benefits. The use of a tungsten drill for making holes in loose ground is now a widely adopted and cost-effective drilling method.
โ Air core drilling operations utilize high-pressure air and double-walled rods to penetrate the earth and retrieve samples by transporting them to the surface with an inner tube and a collection device. The method of air core drilling is often used to create holes in the ground for water wells, oil wells, or artificial gas extraction wells.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here is the list of the leading companies operating in the air core drilling market:
โข Ausdrill Limited
โข Australia Pty Ltd.
โข Atlas Copco (India) Ltd.
โข Bostech Drilling Australia Pty Ltd, Brown Bros Drilling
โข DAL Mining co ltd, EDGE DRILLING
โข Geodrill Limited, Halliburton Company
โข Schlumberger Limited, Master Drilling Group Ltd.
โข Perenti Global Limited, RANGER DRILLING, Three Rivers Drilling
โข Wallis Drilling Corporation
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/air-core-drilling-market/inquire-before-buying
๐๐ข๐ซ ๐๐จ๐ซ๐ ๐๐ซ๐ข๐ฅ๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข The nitrogen drilling segment is anticipated to grow at a significant CAGR rate over the forecast period owing to its benefits and demand across the various industries.
โข Dust drilling accounted for a significant share in the global market which is accelerated by the rising demand due to it being used in hydrostatic pressure in the wellbore. The approach is mostly applied in established geological formations with hard rock formations that have solidified without formation fluids.
โข Asia Pacific is expected to grow at a lucrative CAGR rate over the projected period. This development trajectory is predicated on the execution of impending energy and power projects in nations like China and India, as well as the expansion of exploration efforts in unconventional and undiscovered reserves.
๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐๐๐ฅ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/air-core-drilling-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The air core drilling market is primarily segmented based on application, industry, and region. Based on the application analysis, nitrogen mist is anticipated to witness the fastest growth. Compared to other cryogenic nitrogen drilling methods, the nitrogen membrane technique is expected to grow the fastest during the forecasted timeframe because of reduced operational costs, decreased risk of downhole fires, and fewer transportation issues.
Furthermore, according to industry analysis, the construction sector is anticipated to hold a substantial revenue share. In the construction business, an air core drill is essential for finding and extracting chemical wastes from the ground and creating a surface barrier to prevent contamination from spreading.
Polaris Market Research has segmented the air core drilling market report based on application:
Air Core Drilling, Application Outlook (Revenue - USD Billion, 2018 - 2030)
โข Dust
โข Foam
โข Mist
โข Nitrogen Membrane
โข Aerated Fluid
Air Core Drilling, Industry Outlook (Revenue - USD Billion, 2018 - 2030)
โข Mining
โข Oil & Gas
โข Construction
โข Others
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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