Air Core Drilling Market Size Worth USD 1.79 Billion, Globally by 2030 at 6.2% CAGR

𝐀𝐢𝐫 𝐂𝐨𝐫𝐞 𝐃𝐫𝐢𝐥𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The 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.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:

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.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/air-core-drilling-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

● 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.
● 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.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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:

• Ausdrill Limited
• Australia Pty Ltd.
• Atlas Copco (India) Ltd.
• Bostech Drilling Australia Pty Ltd, Brown Bros Drilling
• DAL Mining co ltd, EDGE DRILLING
• Geodrill Limited, Halliburton Company
• Schlumberger Limited, Master Drilling Group Ltd.
• Perenti Global Limited, RANGER DRILLING, Three Rivers Drilling
• Wallis Drilling Corporation

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/air-core-drilling-market/inquire-before-buying

𝐀𝐢𝐫 𝐂𝐨𝐫𝐞 𝐃𝐫𝐢𝐥𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• 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.
• 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.
• 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.

𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

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)

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/air-core-drilling-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

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)

• Dust
• Foam
• Mist
• Nitrogen Membrane
• Aerated Fluid

Air Core Drilling, Industry Outlook (Revenue - USD Billion, 2018 - 2030)

• Mining
• Oil & Gas
• Construction
• Others

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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