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Global Oilfield Air Drilling Market 2019-2023

Global Oilfield Air Drilling Market 2019-2023

Global Oilfield Air Drilling Market: About this market

Air drilling is a technique where high volumes of low-pressure air are used to drill oil and gas wells instead of conventional drilling fluids such as water-based mud or oil-based mud especially in the areas with low or no influx of water inside the wellbore. Technavio’s oilfield air drilling market analysis considers sales from dust, aerated fluids, foam, mist, and nitrogen membrane. Our analysis also considers the sales of oilfield air drilling in APAC, Europe, North America, South America, and MEA. In 2018, the dust segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as maximum drilling penetration rate which helps extend the drill bit's life by enabling the better cooling of the drill bit with compressed air during drilling will play a significant role in the dust segment to maintain its market position. Also, our global oilfield air drilling market report also looks at factors such as rising benefits of air drilling over conventional drilling, increasing active rig count, rising upstream investment. However, challenges associated with air drilling technique, adoption of alternative energy sources, fluctuations in oil and gases prices may hamper the growth of the oilfield air drilling industry over the forecast period.

Global Oilfield Air Drilling Market: Overview

Increasing active rig count

Oil and gas E&P activities are increasing globally as the crude oil prices are recovering. With increased crude oil prices, oil and gas companies are investing in oil and gas E&P projects. The increasing drilling activities will lead to a rise in the demand for oil and gas drilling rigs. This will increase the demand for drilling activities. Thus, the increasing active rig count will fuel the growth of the global oilfield air drilling market, registering at a CAGR of almost 6% during the forecast period.

Automation in drilling rigs

In the oil and gas industry, most of the incidents and fatal accidents happen on the rig floor due to the manual handling of rig equipment. Automation is given more importance in the oil and gas industry due to the level of hazards involved in oil and gas E&P operations. Rig automation has the sole purpose of enhancing workers' safety and the efficacy of oil and gas drilling operations. Automation in rigs changes the interaction between a worker on the rig floor and the equipment. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global oilfield air drilling market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global oilfield air drilling market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oilfield air drilling manufacturers, that include Air Drilling Associates Inc., Archer Ltd., Halliburton Co., Schlumberger Ltd., and Weatherford International Plc.

Also, the oilfield air drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


Companies Mentioned

Air Drilling Associates Inc., Archer Ltd., Halliburton Co., Schlumberger Ltd., and Weatherford International Plc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oilfield equipment and services market
      • Table Segments of global oilfield equipment and services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Product overview
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Dust - Market size and forecast 2018-2023
      • Table Dust - Market size and forecast 2018-2023 ($ millions)
      • Table Dust - Year-over-year growth 2019-2023 (%)
    • Aerated fluid - Market size and forecast 2018-2023
      • Table Aerated fluid - Market size and forecast 2018-2023 ($ millions)
      • Table Aerated fluid - Year-over-year growth 2019-2023 (%)
    • Foam - Market size and forecast 2018-2023
      • Table Foam - Market size and forecast 2018-2023 ($ millions)
      • Table Foam - Year-over-year growth 2019-2023 (%)
    • Mist - Market size and forecast 2018-2023
      • Table Mist - Market size and forecast 2018-2023 ($ millions)
      • Table Mist - Year-over-year growth 2019-2023 (%)
    • Nitrogen membrane - Market size and forecast 2018-2023
      • Table Nitrogen membrane - Market size and forecast 2018-2023 ($ millions)
      • Table Nitrogen membrane - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Innovations in air drilling technology
    • Automation in drilling rigs
    • Maximizing crude oil recovery through reservoir analysis
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Air Drilling Associates Inc.
      • Table Air Drilling Associates Inc. - Vendor overview
      • Table Air Drilling Associates Inc. - Key offerings
    • Archer Ltd.
      • Table Archer Ltd. - Vendor overview
      • Table Archer Ltd. - Business segments
      • Table Archer Ltd. - Organizational developments
      • Table Archer Ltd. - Geographic focus
      • Table Archer Ltd. - Segment focus
      • Table Archer Ltd. - Key offerings
    • Halliburton Co.
      • Table Halliburton Co. - Vendor overview
      • Table Halliburton Co. - Business segments
      • Table Halliburton Co. - Organizational developments
      • Table Halliburton Co. - Geographic focus
      • Table Halliburton Co. - Segment focus
      • Table Halliburton Co. - Key offerings
    • Schlumberger Ltd.
      • Table Schlumberger Ltd. - Vendor overview
      • Table Schlumberger Ltd. - Business segments
      • Table Schlumberger Ltd. - Organizational developments
      • Table Schlumberger Ltd. - Geographic focus
      • Table Schlumberger Ltd. - Segment focus
      • Table Schlumberger Ltd. - Key offerings
    • Weatherford International Plc
      • Table Weatherford International Plc - Vendor overview
      • Table Weatherford International Plc - Business segments
      • Table Weatherford International Plc - Organizational developments
      • Table Weatherford International Plc - Segment focus
      • Table Weatherford International Plc - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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