The global air core drilling market is anticipated to grow at a significant CAGR of 5.3% during the forecast period. The rising demand for energy has increased the investment in exploration and production activities for various non-conventional energy sources. This has increased the use of drilling to drill the holes into unconsolidated ground. The increasing production of natural gas globally to meet the growing energy demand has surged the adoption of air core drilling machines. For instance, as per the US Energy Information Administration, the natural gas production (dry gas) reached 33.97 trillion cubic feet (Tcf) in 2019. The US annual dry natural gas production has outdone its consumption, in both heat and volume content, since 2017. More coherent drilling and production approaches have resulted in the rise of natural gas production from tight and shale geologic formations. The rise in production has contributed to the declination of the natural gas prices, which in turn has fuelled in the rise of the use of natural gas by the electric power and industrial sectors. Hence drives the market growth. Moreover, technological adavancments such as video surveillance and X-ray scanner for automated field tests and real-time monitoring of remote observation of operations is offering significant opportunities to the market.
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The global air core drilling market is segmented based on the application and end-use industry. Based on the application, the market is segmented into dust drilling, mist drilling, aerated fluid drilling, and others. The other applications of air core drillings are foam drilling and nitrogen membrane drilling. Among application segment, dust drilling segment held the highest share in 2021. The segment is anticipated to hold significant share in the makret during the forecast period owing to its wide adoption for consolidated hard rock formations without formation water in end-user industries. Based on the end-use industry, the market is sub-segmented into oil & gas, mining, and construction.
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Global Air Core Drilling Market Segmentation
By Application
- Dust Drilling
- Mist Drilling
- Aerated Fluid Drilling
- Others (Foam Drilling, and Nitrogen Membrane Drilling)
By End-Use Industry
- Oil & Gas
- Mining
- Construction
Market Determinants
- Motivators
- Restraints
- Opportunities
Regional Analysis
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
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.
- A.
- Three Rivers Drilling
- Wallis Drilling
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