Air Core Drilling Market has been valued at USD 1.1 billion in the year 2021 and it is estimated to reach USD 1.7 billion by the year 2027, with a CAGR of 5.9% from 2022 to 2027. Air Core Drilling utilises high-pressure air and dual walled rods to penetrate the ground and return the sample to the surface through the inner tube and then through a sampling system. The ground is cut through with the use of a steel blade type bit; these are the main factors that have considerably increased the demand for the Air Core Drilling in the market, thereby driving the huge growth of the Air Core Drilling market in the upcoming years

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Air Core Drilling in the market is mainly due to the growing presence of huge untapped hydrocarbon reserves, liberalization of Mexican oil and gas industry, rising energy demand, and increasing bore well drilling activities, rising demand for efficient drilling techniques for loose soil hydrocarbon regions and growing demand for conventional energy sources, arctic discoveries and increasing focus on water drilling are some of the major as well as vital factors which will likely to augment the growth of the air core drilling market in the projected timeframe ; these are the main factors that have considerably increased the demand for the Air Core Drilling in the market, thereby driving the huge growth of the Air Core Drilling market in the upcoming years

To know more read:

https://www.marketdataforecast.com/market-reports/air-core-drilling-market

Report is segmented as:

Air Core Drilling Market is segmented based on by:

By Application (Dust, Mist, Foam, Aerated Fluid and Nitrogen Membrane),

By End-user (Oil & Gas, Mining, and Construction)

Geographical Segmentation:

Air Core Drilling Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Air Core Drilling is due to the due to the various exploration and production projects along with large unexplored hydrocarbon reserves in the region these are the main factors that have considerably increased the demand for the Air Core Drilling in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Air Core Drilling Market

Click the link to get a Sample Copy of the Report:

https://www.marketdataforecast.com/market-reports/air-core-drilling-market/request-sample

Impact of COVID-19 on Market

The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Air Core Drilling market. Covid-19 pandemic has impacted huge on the sales revenue of Air Core Drilling market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Air Core Drilling market growth

ABOUT US:

Market Data Forecast is a firm working in market research, business intelligence, and consulting. We have rich research and consulting experience for various business domains to cater to individual and corporate clients’ needs.

Contact Us:

Market Data Forecast

Website: https://www.marketdataforecast.com

Phone: +1-888-702-9626

Email: [email protected]