PUBLISHER: Lucintel | PRODUCT CODE: 1456171
PUBLISHER: Lucintel | PRODUCT CODE: 1456171
Air Core Drilling Trends and Forecast
The future of the global air core drilling market looks promising with opportunities in the mining, oil & gas, and construction markets. The global air core drilling market is expected to reach an estimated $1.4 billion with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing demand for efficient extraction methods in applications such as, mining and oil & gas wells, increasing energy requirements, rising investments in exploration and production (E&P) activities, and improvements in air core drill technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Air Core Drilling by Segment
The study includes a forecast for the global air core drilling by application, industry, and region.
List of Air Core Drilling Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies air core drilling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the air core drilling companies profiled in this report include-
Air Core Drilling Market Insights
Lucintel forecasts that nitrogen membrane drilling is expected to witness the highest growth over the forecast period due to reduced downhole fire danger, cheaper operating costs, and fewer transportation-related problems, and the use of nitrogen and mist procedures eliminates the potential of down-hole explosions.
North America is expected to witness highest growth over the forecast period due to growing need in this area for efficient drilling methods, and the market in the region is characterized by advancements in technology and an increasing need for efficient drilling methods for places with hydrocarbons in loose soil.
Features of the Global Air Core Drilling Market
Market Size Estimates: Air core drilling market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Air core drilling market size by application, industry, and region in terms of value ($B).
Regional Analysis: Air core drilling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different application, industry, and regions for the air core drilling market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the air core drilling market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the air core drilling market size?
Answer: The global air core drilling market is expected to reach an estimate $1.4 billion by 2030.
Q2. What is the growth forecast for air core drilling market?
Answer: The global air core drilling market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the air core drilling market?
Answer: The major drivers for this market are growing demand for efficient extraction methods in applications such as, mining and oil & gas wells, increasing energy requirements, rising investments in exploration and production (E&P) activities, and improvements in air core drill technology.
Q4. What are the major segments for air core drilling market?
Answer: The future of the global air core drilling market looks promising with opportunities in the mining, oil & gas, and construction markets.
Q5. Who are the key air core drilling market companies?
Answer: Some of the key air core drilling companies are as follows:
Q6. Which air core drilling market segment will be the largest in future?
Answer: Lucintel forecasts that nitrogen membrane drilling is expected to witness the highest growth over the forecast period due to reduced downhole fire danger, cheaper operating costs, and fewer transportation-related problems, and the use of nitrogen and mist procedures eliminates the potential of down-hole explosions.
Q7. In air core drilling market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing need in this area for efficient drilling methods, and the market in the region is characterized by advancements in technology and an increasing need for efficient drilling methods for places with hydrocarbons in loose soil.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.