DTH Drill Market Projected to Witness Vigorous Expansion by 2018-2026
The advancement in ergonomics by offering less vibration during the drilling operation is also expected to contribute to the growth of the global DTH drill market.
[UKPRwire, Mon Sep 09 2019] The replacement of drifters with DTH drill hammers is expected to boost the sale of DTH drills and consequently drive the growth of the market. The major challenge for the growth of the DTH Drill Market is alternate advanced technologies such as top percussion drilling, which can drill uneven terrain relatively better than the DTH drill. This factor is projected to hamper the adoption of DTH drills.
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The DTH drill is commonly used in oil and gas exploration applications. It is a mini jack hammer that screws on the bottom of a drill string. It is used to break hard surfaces or rocks into small flakes. It is more advanced than the blast-hole drilling and its adoption is growing in end-use applications. The DTH drill comprises hammers, drill bits and other accessories. The DTH drill is also used at mines, and it helps in drilling big and deep holes for setting explosives.
The advantages of DTH drill is that the penetration level is doubled, and it reduces the operation cost and working hours as compared to the cable tool rig. DTH drill performs better with more precise bore-hole trajectory at depths greater than 35 feet. The other key advantage of the DTH drilling is that it is fuel efficient as compared to other technologies.
The market for onshore power tools is currently witnessing a steady growth, which is supporting the manufacturers to manufacture DTH drills.
The advancements in DTH drill, for instance, deep boring with various mounting types, drill bits and hammers, are expected to positively impact the growth of the global DTH drill market. The advancement in ergonomics by offering less vibration during the drilling operation is also expected to contribute to the growth of the global DTH drill market.
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DTH Drill Market: Regional Outlook
North America, followed by Asia, is expected to be the leading market for DTH drill. The oil and gas production operations are expected to witness robust growth as crude oil prices are recovering, which in turn will increase the investments for new oil and gas exploration and drilling operations. The growing demand for oil and gas is consequently expected to drive the growth of the market for DTH drill over the forecast period. Greenfield and brownfield onshore operations in the key oil producing countries, which were halted, are expected to gain momentum, which is expected to surge the adoption rate of DTH drill.
Shale gas production is gaining traction in countries such as China, the U.S., Argentina, and Canada, which in turn will surge the sale of DTH drills over the forecast period. Manufacturers from the U.S., Germany, China, Canada, and the Scandinavian countries are focusing on gaining orders and contracts for new oil and gas exploration, construction and mining applications. These contracts consequently are expected to increase the adoption of DTH drills during the forecast period. Developing countries in Asia and Africa are projected to witness high growth in the global DTH drill market during the forecast period.
The growing number of construction activities in China, India, Indonesia, Thailand, Brazil and other Middle-East and African countries is expected to drive the growth of the DTH drill market in the countries and regions.
DTH Drill Market: Key Participants
Examples of some of the key market participants operating in the global DTH drill market are: Atlas Copco, Boart Longyear, CenterRock Inc., Epiroc AB, FURUKAWA CO.,LTD, Makita, Max Drilling, Morath, Numa Tool Company, Rock Drill Sales & Service, Inc., Rockmore International, Sandvik AB
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