The global air core drilling market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2021-2027). The growing consumption of fossil fuel is one the major reason behind the growing demand. Since the inception of industrial revolution, fossil fuels like coal, gas, oil and others have been the major source of energy in the functioning of the industries. With the growing industries, consumption has been also growing over the decades, and has reached to total 136,761 terawatt-hours (TWh) of fossil fuel consumption as per the 2019 data of Our World in Data Organization. The gas consumption reached 39,292 TWh while oil and coal consumption reached 53,620 TWh and 43,849 TWh, respectively, in 2019. To fulfill the consumption, different government and energy agencies have been providing funding and grants for the new renewable energy projects including searching sources of fossil fuels by digging holes which has resulted in the rise of the demand of air core drilling market across the globe. For instance, in UK, government investing around £177 million ($242.65 million) in renewable energy innovation to bring the cost of technologies down. In addition, the Powering Up fund from Power to Change Programme is offering a tailored support package for community businesses is worth up to $27418.30 in total for new renewable energy projects. Apart from this, the market players are also focusing on providing new products to the market in order to satisfy the growing needs of the energy companies focusing towards searching for new renewable energy sources. This is also the prominent factor driving the market growth.
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Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Application
· By End-Use Industry
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape– including Baker Hughes Inc., Halliburton Energy Services, Inc., San Antonio Global Ltd., Schlumberger Ltd., Weatherford International Inc., Allis Chalmers Corp., Archer, Atlas Copco (India) Ltd., AusDrill, Bostech Drilling Australia Pty Ltd., and others.
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Global AIR CORE DRILLING Market Report Segment
By Application
• Dust Drilling
• Mist Drilling
• Aerated Fluid Drilling
• Others (Foam Drilling, and Nitrogen Membrane Drilling)
By End-Use Industry
• Oil & Gas
• Mining
• Construction
Global AIR CORE DRILLING Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
· Allis Chalmers Corp.
· Archer
· Atlas Copco (India) Ltd.
· Bostech Drilling Australia Pty Ltd.
· Brown Bros Drilling
· Chicago Pneumatic
· DAL Mining
· Edge Drilling
· Geodrill
· Haljohn-San Antonio Inc.
· Harisan
· Master drilling
· Perenti Global Ltd. (Perenti)
· Precision Drilling
· Premier Ltd.
· RANGER DRILLING
· Superior Energy Services, Inc.
· TESCOS.A.
· Three Rivers Drilling
· Wallis Drilling
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