Drilling Equipment Market Trends, Industry Survey, Overview and Forecast till 2022
© Rajesh Sinha
Global Drilling Equipment Market is segmented on the basis of product type, application, and geography. Drilling equipment is a machine specially used to produce huge holes in the earth’s subsurface. These holes are used for extracting oil/ minerals or construction of infrastructure projects such as underground tunnels. Drilling equipment comprises components and ingredients used in the drilling oil. It is the geologist’s responsibility to situate oil with the help of required equipment that are used in an oil trap.
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For finding and locating the oil, other types of drilling equipment are used. They are used with the help of sensitive gravity meters that identify the smallest changes in drilling according to the gravitational pull of the earth. In drilling equipment, numerous equipment are used such as traveling block, crown & crown block placed at the apex of the rig, sand pipe, draw works, fuel or water tanks, engine, rotary hose, swivel, turn table, conductor pipe, pipe rack, bore hole, bit, drill pipe, mud pit, and mud pump.
The factor responsible for growth of Drilling Equipment Consumption Market is the rapidly increase in technology. In tunnel boring machine, electronic monitors and sensors are placed; which helps in the smooth functioning of machine while digging, avoiding existing structures in the process. This machine is useful for construction site because it is much cost-saving.
Based on product type, the Drilling Equipment Consumption Market is classified as gripper tunnel boring machine (TBM), reaming TBM, open face shield TBM, slurry/ hydro-shield TBM, compressed air shield TBM, mix-shield TBM, earth pressure balance shield TBM, double shield TBM and EPB-slurry convertible shield. Based on application, the Drilling Equipment Consumption Market is classified as mining, construction, and so on.
The “mining” segment is expected to account for the largest share in the upcoming years. In the mining sector, growing demand from the coal mining industry coupled with the rising mining activities in the United States is fueling the demand for drilling equipment.
Key players operating in the Drilling Equipment Consumption Industry are Robbins, Herrenknecht, Mitsubishi, Hitachi Zosen, Wirth (Aker Solutions), Kawasaki Heavy, Caterpillar, Komatsu, Terratec, Ishikawajima-Harima, NFM, Seli, CRTE, NHI, CRCHI, STEC, LNSS, DHHI, Tianye Tolian, DH Mining System, Sunward Equipment Group, Komatsu, Sandvik Construction and Dunjian Heavy Industry.
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Based on geography, the Drilling Equipment Consumption Market is classified as Asia Pacific, Europe, Latin America, Middle East & Africa and North America. Asia Pacific holds the largest share in the Drilling Equipment Consumption Market. The increasing infrastructural activities are the major contributors to dominance of the Drilling Equipment Consumption Industry in this region.
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At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
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Research Support Specialist, USA
Email: ryan@millioninsights.com
Million Insights
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Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com
Access Drilling Equipment Market Report with TOC @ https://www.millioninsights.com/industry-reports/drilling-equipment-consumption-market
For finding and locating the oil, other types of drilling equipment are used. They are used with the help of sensitive gravity meters that identify the smallest changes in drilling according to the gravitational pull of the earth. In drilling equipment, numerous equipment are used such as traveling block, crown & crown block placed at the apex of the rig, sand pipe, draw works, fuel or water tanks, engine, rotary hose, swivel, turn table, conductor pipe, pipe rack, bore hole, bit, drill pipe, mud pit, and mud pump.
The factor responsible for growth of Drilling Equipment Consumption Market is the rapidly increase in technology. In tunnel boring machine, electronic monitors and sensors are placed; which helps in the smooth functioning of machine while digging, avoiding existing structures in the process. This machine is useful for construction site because it is much cost-saving.
Based on product type, the Drilling Equipment Consumption Market is classified as gripper tunnel boring machine (TBM), reaming TBM, open face shield TBM, slurry/ hydro-shield TBM, compressed air shield TBM, mix-shield TBM, earth pressure balance shield TBM, double shield TBM and EPB-slurry convertible shield. Based on application, the Drilling Equipment Consumption Market is classified as mining, construction, and so on.
The “mining” segment is expected to account for the largest share in the upcoming years. In the mining sector, growing demand from the coal mining industry coupled with the rising mining activities in the United States is fueling the demand for drilling equipment.
Key players operating in the Drilling Equipment Consumption Industry are Robbins, Herrenknecht, Mitsubishi, Hitachi Zosen, Wirth (Aker Solutions), Kawasaki Heavy, Caterpillar, Komatsu, Terratec, Ishikawajima-Harima, NFM, Seli, CRTE, NHI, CRCHI, STEC, LNSS, DHHI, Tianye Tolian, DH Mining System, Sunward Equipment Group, Komatsu, Sandvik Construction and Dunjian Heavy Industry.
Request a Sample Copy of Drilling Equipment Market Report @
https://www.millioninsights.com/industry-reports/drilling-equipment-consumption-market/request-sample
Based on geography, the Drilling Equipment Consumption Market is classified as Asia Pacific, Europe, Latin America, Middle East & Africa and North America. Asia Pacific holds the largest share in the Drilling Equipment Consumption Market. The increasing infrastructural activities are the major contributors to dominance of the Drilling Equipment Consumption Industry in this region.
Visit Our Blog @ https://marketfuturereports.wordpress.com
Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com