Global Drilling Equipment
Consumption Market is segmented on the basis of product type, application, and
geography. Drilling equipment is a machine specially used to produce huge holes
in the earth’s subsurface. These holes are used for extracting oil/ minerals or
construction of infrastructure projects such as underground tunnels. Drilling
equipment comprises components and ingredients used in the drilling oil. It is
the geologist’s responsibility to situate oil with the help of required
equipment that are used in an oil trap.
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For finding and locating the
oil, other types of drilling equipment are used. They are used with the help of
sensitive gravity meters that identify the smallest changes in drilling
according to the gravitational pull of the earth. In drilling equipment,
numerous equipment are used such as traveling block, crown & crown block
placed at the apex of the rig, sand pipe, draw works, fuel or water tanks,
engine, rotary hose, swivel, turn table, conductor pipe, pipe rack, bore hole,
bit, drill pipe, mud pit, and mud pump.
The factor responsible for
growth of Drilling Equipment Consumption Market is the rapidly increase in
technology. In tunnel boring machine, electronic monitors and sensors are
placed; which helps in the smooth functioning of machine while digging,
avoiding existing structures in the process. This machine is useful for
construction site because it is much cost-saving.
Based on product type, the
Drilling Equipment Consumption Market is classified as gripper tunnel boring
machine (TBM), reaming TBM, open face shield TBM, slurry/ hydro-shield TBM,
compressed air shield TBM, mix-shield TBM, earth pressure balance shield TBM,
double shield TBM and EPB-slurry convertible shield. Based on application, the
Drilling Equipment Consumption Market is classified as mining, construction,
and so on.
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