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Growth of Geothermal Drill Bits Market for Power Generation to be Impacted by Advances in Drill Bits | Technavio

November 20, 2019
Growth of Geothermal Drill Bits Market for Power Generation to be Impacted by Advances in Drill Bits | Technavio
Growth of Geothermal Drill Bits Market for Power Generation to be Impacted by Advances in Drill Bits | Technavio

LONDON--(BUSINESS WIRE)--Nov 20, 2019--

The report, global geothermal drill bits market for power generation has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on type and geography for the forecast period 2019-2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191120005739/en/

Technavio has announced its latest market research report titled global geothermal drill bits market 2019-2023. (Graphic: Business Wire)

To learn more about the global trends impacting the future of market research: Download Free Sample Report

This report on the geothermal drill bits market includes:

Geothermal drill bits market analysis and forecast 2019-2023: Features

Geothermal Drill Bits Market for Power Generation 2019-2023: Competitive Landscape

Geothermal Drill Bits Market for Power Generation 2019-2023: Geographic Landscape

Geothermal Drill Bits Market for Power Generation 2019-2023: Type Landscape

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Increasing investments in geothermal energy projects will drive the geothermal drill bits market for power generation

The adoption of renewable sources of energy has increased significantly owing to low carbon emissions from these resources. Thus, there has been a significant increase in investments in renewable energy across the world. Geothermal energy is one of the renewable power generation technologies that has been receiving significant funds and investments over the past years. This will lead to a rise in the number of geothermal power projects, thereby driving the growth of the geothermal drill bits market for power generation during the forecast period.

Advances in drill bits– An emerging trend in the geothermal drill bits market for power generation

Several vendors in the market are consistently focusing on making advancements to improve the performance of drill bits. Using the latest dynamics modelling, drill bit manufacturers are creating three-dimensional bit designs to integrate features such as depth of cut control, cutter technology for increased longevity and ROP, rock interaction analysis, and advanced material usage. Some vendors are also introducing drill bits that feature a diamond-impregnated matrix in the nose, cone, shoulder, and gauge areas to improve bit life. Such advances are likely to boost the geothermal drill bits market growth during the forecast period.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

MARKET SIZING

Get Full Report: https://www.technavio.com/report/geothermal-drill-bits-market-for-power-generation-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

Market Trends

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005739/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

KEYWORD: CALIFORNIA EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA

INDUSTRY KEYWORD: ENGINEERING CHEMICALS/PLASTICS OTHER ENERGY UTILITIES MANUFACTURING OIL/GAS ENERGY CONSTRUCTION & PROPERTY OTHER NATURAL RESOURCES ENVIRONMENT MINING/MINERALS NATURAL RESOURCES OTHER MANUFACTURING STEEL

SOURCE: Technavio

Copyright Business Wire 2019.

PUB: 11/20/2019 02:00 PM/DISC: 11/20/2019 02:01 PM

http://www.businesswire.com/news/home/20191120005739/en