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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.
Air Core Drilling Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Dust Drilling
• Foam Drilling
• Mist Drilling
• Nitrogen Membrane Drilling
• Aerated Fluid Drilling
Air Core Drilling Market by Industry [Shipment Analysis by Value from 2018 to 2030]:
• Mining
• Oil & Gas
• Construction
• Others
Air Core Drilling Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
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-
• Schlumberger
• Ranger Drilling
• Atlas Copco
• Bostech Drilling
• Weatherford
• Baker Hughes
• Master Drilling
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:
• Schlumberger
• Ranger Drilling
• Atlas Copco
• Bostech Drilling
• Weatherford
• Baker Hughes
• Master Drilling
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.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the air core drilling market by application (dust drilling, foam drilling, mist drilling, nitrogen membrane drilling, and aerated fluid drilling), industry (mining, oil & gas, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Air Core Drilling Market, Air Core Drilling Market Size, Air Core Drilling Market Growth, Air Core Drilling Market Analysis, Air Core Drilling Market Report, Air Core Drilling Market Share, Air Core Drilling Market Trends, Air Core Drilling Market Forecast, Air Core Drilling Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Air Core Drilling Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Air Core Drilling Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Air Core Drilling Market by Application
3.3.1: Dust Drilling
3.3.2: Foam Drilling
3.3.3: Mist Drilling
3.3.4: Nitrogen Membrane Drilling
3.3.5: Aerated Fluid Drilling
3.4: Global Air Core Drilling Market by Industry
3.4.1: Mining
3.4.2: Oil & Gas
3.4.3: Construction
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Air Core Drilling Market by Region
4.2: North American Air Core Drilling Market
4.2.2: North American Air Core Drilling Market by Industry: Mining, Oil & Gas, Construction, and Others
4.3: European Air Core Drilling Market
4.3.1: European Air Core Drilling Market by Application: Dust Drilling, Foam Drilling, Mist Drilling, Nitrogen Membrane Drilling, and Aerated Fluid Drilling
4.3.2: European Air Core Drilling Market by Industry: Mining, Oil & Gas, Construction, and Others
4.4: APAC Air Core Drilling Market
4.4.1: APAC Air Core Drilling Market by Application: Dust Drilling, Foam Drilling, Mist Drilling, Nitrogen Membrane Drilling, and Aerated Fluid Drilling
4.4.2: APAC Air Core Drilling Market by Industry: Mining, Oil & Gas, Construction, and Others
4.5: ROW Air Core Drilling Market
4.5.1: ROW Air Core Drilling Market by Application: Dust Drilling, Foam Drilling, Mist Drilling, Nitrogen Membrane Drilling, and Aerated Fluid Drilling
4.5.2: ROW Air Core Drilling Market by Industry: Mining, Oil & Gas, Construction, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Air Core Drilling Market by Application
6.1.2: Growth Opportunities for the Global Air Core Drilling Market by Industry
6.1.3: Growth Opportunities for the Global Air Core Drilling Market by Region
6.2: Emerging Trends in the Global Air Core Drilling Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Air Core Drilling Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Air Core Drilling Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Schlumberger
7.2: Ranger Drilling
7.3: Atlas Copco
7.4: Bostech Drilling
7.5: Weatherford
7.6: Baker Hughes
7.7: Master Drilling
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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