Borehole Equipment Market Analysis by Regional Revenue & Growth Forecast to 2024
Date: 2020-03-05   Author: Rahul Varpe  Category: #news

Borehole Equipment Market Analysis by Regional Revenue & Growth Forecast to 2024

As per the latest research report, the global Borehole Equipment Market is anticipated to depict a CAGR of 5.5% through 2024, having recorded a valuation of $17 billion in 2016.

By 2024, the Borehole Equipment Market is expected to hit a remuneration of $27 billion. An extremely definite evaluation of the global market in terms of qualitative as well as quantitative analysis has been covered in this report. The myriad aspects of this industry, having considered its historical and forecast data have been enlisted in the study. Also, the research report is inclusive of substantial details with regards to an efficient SWOT analysis, PESTEL analysis, and Porter’s five force model of the market.

 Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/2266

North America will register growth over 5% up to 2024. Improved economic condition and rising investment in mining sector will significantly fuel product demand. As of 2015, the industrial minerals, coal and metals mined in U.S. was valued at USD 109.6 billion. Institutional investors are likely to raise their exposure to metals and mining exploration partially through co-investments with private equity, offering lower risk and greater transparency.

Rapid urbanization coupled with increased in construction spending will drive borehole equipment market growth. Increasing concern for regular water supplies, energy consumption and environmental aspects will propel product penetration. As per industry experts, global infrastructure spending is anticipated to surpass USD 9 trillion by 2024.

Increasing adoption of modern technologies and solutions as well as emphas on high production volume fostering borehole equipment market growth. Global mining industry is volatile in nature and drilling companies face various challenges such as shortage of skilled labor or technological expertise. Thus, exploration companies are focusing on techniques to reduce the cost and time associated with mining activities to meet government revenue expectation.

Portable borehole equipment market is expected witness growth over 6.5% up to 2024. Factors such as ease of exploration and convenient transportation at most remote areas are driving product demand. Increasing oil & gas exploration activities at untapped places is anticipated to provide lucrative opportunities for this segment growth.

Make an inquiry for purchasing this [email protected] https://www.decresearch.com/inquiry-before-buying/2266

Top Companies

Bohrmeister (Pty) Ltd, Dando Drilling International, Borehole Machinery, Getech Equipment International, Audie Steel & Engineering, Glorytek Industry, Shandong Xin Mei Mining Equipment Group, Chongqing Huobo Surveying Instruments, PRD Rigs, Capital Drilling, Boart Longyear, Major Drilling, Foraco, Energold, Orbit Garant, Core Geoservices, ALS Oil & Gas, Borehole Image and Core Specialists Ltd, Decollement Consulting, Asian Oilfield Services Limited, Datalog Technology, North Rim, Robertson Geologging, Advanced Mashreq Mining Company, Gemecs (Pty) Ltd, Coast Mountain Geological Group Ltd., Technology services & interpretation, Earth Science Agency, Technology services & interpretation, Canamera Coring, Technology services & interpretation

Split by product type, the market has been divided into

  1. Portable
  2. Fixed

The report is inclusive of commendable information with respect the production, individual segmental growth rate, valuation, pricing, as well as segmental market share.

Split by application, the market is divided into

  1. Mining [Mineral Mining, Oil & Gas Mining, Coal Mining, Metal Mining]
  2. Infrastructure [Industrial & Commercial, Public Infrastructure, Residential]

This study is inclusive of in-depth information with respect to the consumption of the product as well as application segment market share, in tandem with the growth rate likely to be registered by every application segment.

Request for discount @ https://www.decresearch.com/request-discount/2266

What are the key highlights of this report?

  1. A systematic pricing analysis has been done on the sources of the product, application, as well as regional categories
  2. A detailed analysis of the vendor matrix, important companies that will help better understand the competitive situation of the global business
  3. Important, insightful data on the regulatory status of the market, as well as the investment scenario – for instance, how many stakeholders have invested in the market and so on
  4. A deep-dive understanding of the various aspects propelling the overall market growth graph, as well as their influence on the worldwide market projections and dynamics
  5. A systematic roadmap depicting the numerous growth opportunities in the worldwide market coupled with the identification of vital factors
  6. An extensive evaluation of the various trends prevailing in the global industry that would help identify the various developments in the market from a global perspective


About Author


Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for algosonline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

Read More

More from Rahul


Post Recommendents

Facebook launches ‘Tuned’ to offer private messaging space for couples
Author: Saipriya Iyer

Facebook, an American social media and technology company, has recently launched a new app called ‘Tuned’ for iOS devices, which is aimed at offering private space for couples. The introduction of this new ...


Basalt Fiber Market size, Outlook, Trend, Growth and Share Estimation Analysis by 2025
Author: Rahul Sankrityayan

Dec Research declares the publication of its latest research report, with the title ‘Global Basalt Fiber Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well as st...


Neoprene Market – Size, Scope and Opportunities Analysis Forecast to 2025
Author: Rahul Sankrityayan

Dec Research declares the publication of its latest research report, with the title ‘Global Neoprene Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well as streng...