The global air core drilling market was worth USD 900 million in 2021 and is predicted to grow a notable CAGR 5.8 % during the foreseen period of 2021 to 2026. The industry is predicted to experience substantial expansion over the next nine years due to the escalatingcall for efficient extraction techniques employed in oil and gas wells and mines. The regolith drilling process involves sending compressed air to the bit to raise the cuts to the surface where samples are collected for detailed study and thus provides complete extraction data. Air core drilling is suitable for soft rocks and soil formations that do not require heavy machinery to drill to the desired depth. This technology is employed by mining companies because it allows instant switching between add-on bits, continuous sample returns, and reduced travel times between holes, maintaining the ore grade of mineral samples. This process is more accurate than other conventional techniques, it is preferred to deliver punched cuts faster, and results in minimal damage to the sample. However, these technologies are limited to mature geographic areas devoid of areas of water and hydrogen sulfide.
In terms of application, powder application creates the highest call in the worldwide air core drilling market. This technology is employed to reduce hydrostatic pressure in the wellbore and is widely employed in mature sedimentary basins that have consolidated hard rock formations. Additionally, the nitrogen membrane method is predicted to show the fastest expansion, over the foreseen period, due to reduced operating costs, minimal downhole fire risk, and problems reduced transport compared to other cryogenic nitrogen drilling.
New oil and gas wells are discovered around the world, where exploration and extraction are ongoing. This is creating a call for efficient mining techniques, driving the compressed air drilling market forward. Escalating research and development (R&D) initiatives are creating opportunities in the globalair core drilling market during the foreseen period. The strict specifications of the products contribute to this expansion. The increase in worldwide oil and gas exploration and production activities and the presence of untapped hydrocarbon reserves are key factors in the expansion of the globalair core drilling market. Additionally, escalating energy call and rising well drilling activity are other factors supposed to drive expansion in the worldwideair core drilling market during the outlook period. The increasing application of core drilling in the commercial and industrial sectors and declining ore grades are likely to stimulate mineral exploration and mining activities. However, political economy, labor costs, access to land, and environmental regulations are supposed to have a negative impact on the worldwide industry during the foreseen period. The surge in the number of mergers and acquisitions in the mining industry is estimated to increase the number of worldwide exploration and mining projects during the projection period, promoting call for air core drilling.
Strict environmental regulations on carbon emissions and access to land for drilling are a major factor holding back the expansion of the worldwideair core drilling market.
Strict product specifications coupled with increased call for high-value ore grades provide an opportunity for R&D initiatives in the development of efficient and sustainable mining equipment. Recent innovations in bit technology such as video surveillance and the X-ray scanner will allow remote observation of operations and monitoring of the mineralogy of cuttings transferred to the surface. Automated field testing and real-time monitoring of sample data will help create sample grade and risk assessment reports and reduce equipment handling risks associated with mining operations. The call for compressed air drilling technology is predicted to increase worldwide due to several factors, such as increased investment in exploration and production activities in various unconventional energy sources to meet the increased energy needs. In addition, the presence of huge untapped hydrocarbon reserves, the liberalization of the Mexican oil and gas industry, and rapid technological advances are helping to energize the market.
Lack of skilled labor and high development and maintenance costs are other factors likely to hamper the expansion of the worldwide aerial drilling market during the foreseen period.
Market Size Available
2019 – 2025
2020 - 2025
By Product, Type, Consumption, Distribution Channel and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Schlumberger, Halliburton, Baker Hughes, Weatherford, Atlas Copco, Allis Chalmers, San Antonio Global Ltd., Tesco and Premier Ltd., AusDrill, Master Drilling, Chicago Pneumatic, and Brown Bros.
Nitrogen and mist methods are employed to eliminate the risk of downhole explosions. With an adjustable fluid-to-gas ratio, foam drilling allows cuttings to be dragged out of the hole without additional equipment.
Air Core DrillingRegional Analysis:
The Air Core Drilling Report includes the segmentation of Regions:
Currently, the North American market represents the largest share in terms of revenue compared to other regions. This can be attributed to the growing call for efficient drilling techniques for soft-soil hydrocarbon regions and the escalatingcall for conventional energy sources in the countries of the region. The Asia-Pacific market is predicted to experience the fastest expansion during the foreseen period, due to rising energy call and increased exploration activities in emerging economies such as China and India. In addition, the Middle East and Africa market is expected to experience moderate expansion during the outlook period, due to the existence of unexplored hydrocarbon reserves and the presence of sand hydrocarbon reserves in Egypt and Nigeria.
North America has a significant share of the worldwide aerial drilling market, which is likely to continue during the forecast period due to technological advancements and massive increase in requirements in energy in the area. The presence of soft-soil hydrocarbon regions that require efficient drilling techniques also contributes to the growing call. North America was the main region and represented 35.2% of the total industry. The local market is characterized by technological advances and the growing call for efficient drilling techniques for regoliths and loose soil hydrocarbon regions. The growing energy needs in the area, particularly in the United States, are pushing industry players to explore unconventional reserves. This is estimated to drive industry expansion in the region over the foreseen period.
Asia-Pacific is supposed to see the fastest expansion with a CAGR of 5.6% from 2021 to 2026 due to several upcoming exploration and production projects and large unexplored hydrocarbon reserves, primarily in Southeast Asia. The Middle East and Africa was another important regional market and is estimated to see significant expansion over the next nine years. Large sand hydrocarbon reserves, particularly in Nigeria and Egypt, are anticipated to drive market expansion in the locale.
The coronavirus pandemic had its worst impact on several industries around the world, including mining, construction and so on. Hence, with the impact of COVID-19, the spiral declining oil prices has become a major concern for all participants in the oil and gas industry, which is acting negatively for the air core drilling market. However, the market is estimated to register significant growth in the second half of 2021.
Major industry players include Schlumberger, Halliburton, Baker Hughes, Weatherford, Atlas Copco, Allis Chalmers, San Antonio Global Ltd., Tesco and Premier Ltd., AusDrill, Master Drilling, Chicago Pneumatic, and Brown Bros.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Air Core Drilling Market, By End-User
6.1.2 Oil & Gas
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Air Core Drilling Market, By Application
6.2.4 Aerated Fluid
6.2.5 Nitrogen Membrane
6.2.6 Market Size Estimations & Forecasts (2021-2026)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By End-User
7.2.3 By Application
7.3.1 By Country
7.3.2 By End-User
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.2 By End-User
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
7.5.2 By End-User
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.2 By End-User
7.6.3 By Application
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.3 Baker Hughes
8.5 Atlas Copco
8.6 Allis Chalmers
8.7 San Antonio Global Ltd
8.8 Tesco and Premier Ltd
8.10 Brown Bros
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market