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(Construction.IndustryNews247.Com, August 21, 2018 ) For instance, merely a couple of years earlier, Boart Longyear, a rather prominent player in borehole equipment market, was involved in a project that included installing a ventilation shaft for a longwall coal mine in Wyoming. The company deployed a dual-tube flooded reverse-circulation drilling technique that was far advanced than the ones used for a traditional raised bore rig, as it pumped air via the outer tube, forcing mud upward through the inner tube, thereby preventing porous rock from being plugged for the borehole. The same year witnessed Boart launching the game-changing TruProbe drilling system that enables the deployment of gamma, geophysical, survey sensors inside drill strings for identifying any traces of previous metals and minerals at an affordable cost, majorly impacting the product landscape of borehole equipment industry. In retrospect, it would be apt to state that Boart Longyear has indeed established itself as one of leading participants in borehole equipment market, setting ambitious standards for its fellow rivals and new entrants.
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The profitability landscape of borehole equipment market has been witnessing a massive turnaround of sorts in the recent years, on account of the rising number of mining operations, heavy infrastructural development, and the increased demand for water in drought-ridden areas. In this regard, companies partaking in borehole equipment industry share have been striving to brainstorm rather innovative products and techniques for borehole drilling.
While the developed and developing economies across the globe have been rather proactive in global borehole equipment industry, in recent times, companies have been tapping the unexplored suburbs of the African continent, that seem to have depicted quite a perceptible potential as far as drilling operations and deploying the apt equipment for the same are concerned. Countries such as Zambia, South Africa, and the Republic of The Gambia, have lately emerged as profitable avenues for borehole equipment market, subject to the stream of favorable initiatives that are being undertaken by regional and international governmental agencies in order to combat the water shortage in these areas. A succinct gist of a couple of these productive initiatives that have transformed borehole equipment market outlook has been enumerated below.
In a bid to deal with the severe impact of the droughts in KwaZulu-Natal, a funding of nearly ZAR 500,000 has been provided to drill boreholes in communities such as Verulam, Wyebank, Umbumbulu, and Ladysmith. To combat the water scarcity in the region and aid the expansive regional mining industry, companies and governmental organizations plan to make sufficiently huge investments in South Africa, that would eventually impel the regional borehole equipment market share.
The National Savings and Credit Bank (NatSave) and the Musika Development Initiative struck a deal in the second quarter of 2017 for implementing a 12-month-long project in the Kalomo district of Zambia, worth ZMW 2 million. The program would apparently entail the sinking of 20 solar-powered boreholes for increasing the productivity of small-scale farmers and improving their access to irrigation solutions in the area. The memorandum of understanding (MoU) for this pilot project is certain to gain ground in the regional borehole equipment market, encouraging other players to follow suit.
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With extensive developments prevalent in the construction and infrastructure development verticals, it goes without saying that the humongous demand for advanced infrastructural facilities, massive requirement for residential and commercial spaces, in tandem with the regulations enforced with respect to strong building foundations and soil quality would have a profound impact on borehole equipment market size. Furthermore, these products find colossal applications in various grades of mining operations, thus opening up a plethora of new vistas for borehole equipment industry, given the vast expanse of mining exploration activities and the regulations that mandate mine operators to deploy highly advanced machinery for drilling. By and large, it would be apt to state that borehole equipment market trends would undergo dynamic transformations in the ensuing years, contingent on the changing demands of the expansive construction and mining sectors.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Borehole equipment industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Operation trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Borehole Equipment Industry Insights
3.1. Borehole Equipment Industry segmentation
3.2. Borehole Equipment Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Profit margin trends
3.3.3. Vendor matrix
3.3.3.1. Key player’s role
3.3.3.2. Product portfolio
3.3.3.3. Global presence
3.4. Technology landscape
3.4.1. Key drilling techniques
3.4.1.1. Auger drilling
3.4.1.2. Rotary air blast(RAB) drilling
3.4.1.3. Air core drilling
3.4.1.4. Cable tool drilling
3.4.1.5. Reverse circulation(RC) drilling
3.4.1.6. Others (Direct push rigs, hydraulic rotary drilling)
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3.5. Borehole equipment, by components
3.5.1. Drill bits
3.5.2. Pumps & cables
3.5.3. Augers
3.5.4. Supply pipe
3.5.5. Others
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.6.4. MEA
3.6.5. Australia
3.7. Industry best practices & key buying criteria
3.8. Pricing analysis, by region
3.8.1. North America
3.8.2. Europe
3.8.3. Asia Pacific
3.8.4. Latin America
3.8.5. MEA
3.8.6. Cost structure analysis
3.9. Innovation & sustainability
3.10.Industry impact forces
3.10.1. Growth drivers, by region
3.10.1.1. North America
3.10.1.2. Europe
3.10.1.3. Asia Pacific
3.10.1.4. Latin America
3.10.1.5. MEA
3.10.2. Industry pitfalls & challenges
3.11. Global construction industry overview
3.11.1. Overview of infrastructure spending, by region
3.11.1.1. Europe
3.11.1.2. LATAM
3.11.1.3. Australia
3.11.2. Key upcoming infrastructure projects
3.12. Growth potential analysis, 2016
3.13. Competitive landscape, 2016
3.13.1. Market share analysis, 2016
3.13.2. Key stakeholders
3.13.3. R&D trends
3.13.4. Strategy dashboard
3.13.4.1. Expansion through supply agreements, mergers, and joint ventures
3.14. Porter’s analysis
3.15. PESTEL analysis
Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com 
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