Portable Drilling Rig Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2024

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• Publié par: omkartmr
• Publié le: 17 février 2017
• Nombre de lectures: 3
• Langue: English

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Transparency Market Research

Portable Drilling Rig Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2024

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REPORT DESCRIPTION

Global Portable Drilling Rig Market: Overview

A drilling rig is a mechanical device uIlized for drilling oil wells, natural gas wells and water wells. Portable drilling rigs can be man portable drilling rigs; they can be also truck/ trailer mounted and heli-portable drilling rigs. The overall market for portable drilling rigs has been fragmented on the basis of product type, end-user applicaIons and geography to provide an overall picture of the portable drilling rig market. On the basis of product type, the market for portable drilling rigs has been segmented as man-portable drilling rigs, truck mounted portable drilling rigs and heli-portable drilling rigs. On the basis of applicaIons, the market for portable drilling rig has been segmented based on its applicaIon in various industries such as mining, oil and gas exploraIon, ground water exploraIon, and geothermal drilling.

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The man portable drilling rig is designed especially for diamond mining at inaccessible locaIons and complex terrain. The modularized design of man portable drilling rigs by various manufacturers allows its convenience to disassemble into light pieces and transportaIon to the job site locaIon at complex terrain that are not easily accessible by convenIonal drilling rigs. The heli-portable drilling rigs are designed to allow fast rig to move at complex locaIons (swamp and mountainous regions) via helicopter liing. The heli-portable drilling rig can be customized based on the customer requirements to cater for a higher speciîcaIon or cost compeIIve conîguraIon. The drilling rigs are mounted on the truck using a separate drill rigs sub frame design that permits stable mounIng of truck mounted portable drilling rigs.

Global Portable Drilling Rig Market: Drivers

The primary drivers of growth are in the portable drilling rig market are increasing number of research and development projects on portable drilling rigs owing to desire to cater environmentally sustainable and socially responsible mandate by mining corporaIons is fueling demand in portable drilling rig market. The portable drilling rig allows drilling in remote areas where access of tradiIonal drilling rigs is diïcult on account of lack of infrastructure and social and environmental issues. The convenIonal rigs are moved either by air or truck which require the construcIon of roads and bridges to gain access to the drilling sites. A portable drilling rig allows the companies to reduce their transportaIon cost that is associated with convenIonal rigs. However, high operaIonal cost associated with the drilling process can hamper the growth of portable drilling rig market. ncreasing demand for oil and gas exploraIon creates ample of opportuniIes in portable drilling rigs market.

Global Portable Drilling Rig Market: Regional and Compeîîve Outlook

Asia Paciîc is expected to account for the maximum demand of the portable drilling rig on account of increasing diamond drilling acIviIes in countries such as China and ndia. AddiIonally, oil prices diverged from natural gas which led to increasing oil drilling programs, driving the demand for global drilling rig market. Ample of opportuniIes in the oFshore drilling market, powered by the Deepwater Golden Triangle, are expected to drive the market in near future.

Energold has taken strategic iniIaIves and embarked on a growth plan to be a verIcally designer, manufacturer, and contractor of specialized drilling rigs, components, and services in the mineral exploraIon industry. King River Copper Limited is drilling 11 diamond holes in Australia using a portable diamond drill rig. This allows the company to early access to seasonally restricted project and drilling in steep and diïcult terrain.

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Some of the key players in the portable drilling rig market include Astec ndustries, nc., Bertram Drilling Corp., Bundok Drilling Services Corp., ndodrill, ngetrol, and Schramm, nc.

The report oFers a comprehensive evaluaIon of the market. t does so via in-depth qualitaIve insights, historical data, and veriîable projecIons about market size. The projecIons featured in the report have been derived using proven research methodologies and assumpIons. By doing so, the research report serves as a repository of analysis and informaIon for every facet of the market, including but not limited to: Regional markets, technology, types, and applicaIons.

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