Drilling Tools Market to reach USD 3.5 Bn By 2032, Says Global Market Insights Inc. [Yahoo! Finance]
THK CO LTD UNSP/ADR (THKLY)
NASDAQ:AMEX Investor Relations:
thk.com/?q=eng/node/290
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Source: Yahoo! Finance
Ltd., NTN Corporation, Oiles Corporation, RBC Bearings Incorporated, Saint-Gobain Performance Plastics, SKF Group, Technoslide (Bearings International), Tenneco Inc. (Federal-Mogul Bushing), THK Co., Ltd., Timken Company. Selbyville, Delaware,, Dec. 10, 2024 (GLOBE NEWSWIRE) -- The drilling tools market revenue to cross USD 3.5 billion by 2032, as reported in a research study by Global Market Insights Inc . This expansion is primarily driven by the increasing global demand for energy and the depletion of easily accessible oil reserves. Technological advancements in drilling, such as horizontal and directional drilling, along with rotary steerable systems, have significantly enhanced drilling precision and efficiency. These innovations enable operators to reach deeper, more difficult reservoirs with greater accuracy, reducing costs and operational downtime. Additionally, the development of new materials like polycrystalline diamond compact (PDC) bits has improved performance in ext
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