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The increasing pace of urbanization propels the global construction drilling market. The need for efficient transportation and infrastructure development contributes to the demand for investments in construction projects like highways, subways, and underground structures. Rapid renovations and maintenance of existing structures also contribute to market growth. Ongoing drilling advancements ensure safety and project completion efficiency, aligning with the sector’s emphasis on user-friendliness and innovative equipment to meet schedules and minimize obstacles.
The construction drilling market, with a value of $1079.8 million in 2021, is projected to expand from $1120.83 million in 2022 to $1510.5 million by 2030, at a 3.8 percent CAGR from 2023 to 2030. The construction sector is gradually transitioning towards electric and alternative energy sources, and the drilling field follows suit. Electric drills contribute to a safer work environment by emitting lower noise levels, reducing heat, and mitigating fire hazards. Leveraging 3D modeling enhances drilling processes by enabling calculated drilling routes and plans before actual implementation. This technology streamlines operations by automating drilling machines based on pre-planned routes, minimizing manual intervention. The construction drilling market will continue to witness growth as emerging technologies streamline workflow while expanding revenue.
This edition of Construction Business Review brings to light the key developments in the construction drilling space and how firms leverage the latest technology solutions to offer top-notch services. It features thought leadership articles from Cody Whitelock, Virtual Construction Manager at Barnhill Contracting Company, and TassiloDeinzer, Member of the Executive Board at Hilti Group.
Cody Whitelock highlights the role of constructability analysis in building systems, which is important in construction projects. It drives success through improved collaboration, cost and time savings, optimized systems, enhanced safety, and streamlined management. Tassilo Deinzer talks about digitalization to combat the construction industry’s issues, including stagnant productivity, labor shortages, and sustainability concerns.
This edition features stories from construction drilling companies, who provide valuable insights about innovative solutions shaping this space.
In this edition featuring top construction drilling services providers, we hope you find the appropriate company suited to your business requirements.
Tri-State Drilling is a premier provider of drilled foundations for electrical transmission lines and other construction projects, across the U.S. Its highly advanced equipment for drilling and tenured employees efficiently deliver A-1 work and complete the project on time, leaving the site with sound foundation.
Curtis Drilling offers professional drilling services with a focus on effectiveness, promptness, and everyone’s safety. They can streamline projects and offer foundation solutions in even the most difficult circumstances by providing single-source drilling and support equipment for projects of any sizes
DRILL TECH DRILLING & SHORING, INC., is an expert in ground treatment, dewatering, mining, shaft construction, ground retention, foundation support, and architectural shotcrete. With tasks ranging from routine to challenging, big to small, and with or without schedule compression
Energy Drilling Company understands the needs of customers and offer a complete package, from engineering to operations. They drill wells on a turnkey, footage and day-work basis and specialize in drilling for independent operators
Halliburton is one of the world’s largest providers of products and services to the energy industry. They collaborate with engineer solutions to maximize asset value for their customers and maximize value throughout the lifecycle of the reservoir
Laney Drilling is widely recognized as one of the most experienced and capable horizontal directional drilling providers for large diameter pipeline. The company continues to expand its share of the turnkey engineering, procurement and construction market while constantly focusing on improving trenchless construction methods and technology
Malcolm Drilling Company, Inc., is one of the industry leaders in the deep foundation sector. Their expertise enables timely collaboration with owners and contractors and a Design/Build approach to projects
Maine Drilling & Blasting provides services such as drilling, blasting, and related services for construction, quarry and energy markets. They make it happen safely with the highest standards in the industry, day in and day out
Nabors Industries Ltd., is a leading provider of advanced technology for the energy industry. It has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production
Valaris Limited provides decades of expertise and strategic commitment built on efficiency, capability and ingenuity. Their sights are continually set toward a future built with purpose and the most advanced operations