Air Core Drilling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
The global market
for air
core drilling has been experiencing a significant surge in its
valuation. The increasing need for effective techniques for
extraction in mines and in oil and gas wells has fueled the demand
for air core drilling technique considerably across the world.
Analysts expect this trend to continue throughout the period from
2013 to 2019, resulting in remarkable growth of this market in the
near future.
The worldwide air
core drilling market is broadly evaluated on the basis of application
and the regional spread of this market. Dust drilling, foam drilling,
mist drilling, aerated fluid drilling, and nitrogen membrane drilling
are the key application areas of air core drilling. Regionally, the
global air core market is spread across North America, Asia Pacific,
Europe, and the Rest of the World.
This research report
on the global air core drilling market provides a comprehensive
market analysis considering its current as well as historical
performance. The future status of this market has also been
determined by evaluating the market’s prospects and the major
trends in this study.
Overview of the
Global Air Core Drilling Market
The increasing
investment in exploration and production activities across various
unconventional energy sources to meet the ever-rising energy demands
is driving the global air core market significantly. The advancement
in air core drilling technology is likely to boost this market in the
coming years.
North America leads
the global air core drilling market. The rising demand for efficient
drilling techniques in this region is propelling the North America
air core drilling market significantly. Analysts predict this market
to maintain its dominance in the overall market during the period
from 2013 to 2019. The increasing need for energy, particularly in
the U.S., is prompting market players to explore unconventional
energy reserves, which is likely to boost this regional market
substantially over the forecast period.
The Asia Pacific air
core drilling market is also estimated to witness healthy growth in
the coming years. A large number of imminent exploration and
production projects and the presence of huge untapped hydrocarbon
reserves are likely to drive the growth in this market over the next
few years.
Overall, the global
air core drilling market looks flourishing; however, this technique
only functions at water devoid mature geographical areas and hydrogen
sulfide zones. This factor is limiting its usability, and hence
limiting the market growth as well.
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Companies mentioned
in the research report
The global air core
drilling market is highly fragmented owing to the presence of a
number of market players. Atlas Copco, Schlumberger, Baker Hughes,
Halliburton, Weatherford, and Allis Chalmers are the leading
participants in this market.
Other prominent
enterprises operating in the worldwide market for air core drilling
are Chicago Pneumatic, San Antonio Global Ltd., AusDrill, Tesco and
Premier Ltd., Master Drilling, and Brown Bros.
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