Based on the report of Mordor Intelligence, the rotary drilling rig market, including the air rotary drilling rig is expected to register a CAGR of more than 3.5% over the period of 2022-2027, reflecting a substantial increase in demand. With such market growth, careful considerations need to be made when investing in air rotary drilling rigs. Here is the list of these considerations:
The power of the rig, its drilling speed, and the consistency of its performance in various geological conditions are all part of this equation. Higher efficiency often translates into faster project completion times and reduced operating costs.
#2 Ease of Operation
According to a statement in Engineering and Mining Journal, ease of operation is in part attributed to ergonomics, such as joystick configuration with buttons in reach, using ISO symbols, screen placement, visibility and indicators. The rig’s design should allow for easy operation, minimizing the learning curve for the team. It is easy to clean and maintain and can significantly lower downtime and operational costs.
While it’s important to consider the upfront cost of the rig, the total cost of ownership, including operating and maintenance costs, should be part of the financial analysis. As a responsible manufacturer of drill rigs, Drillrigy has always emphasized this aspect to its customers, ensuring that they consider all costs, not just the initial investment, to truly comprehend the cost-effectiveness of their air drill rigs.
#4 Technological Advancements
Rapid technological advancements have led to the development of rigs that perform with higher efficiency. These developments can contribute to increased productivity and cost savings in the long run. In my experience, keeping a close eye on these trends can offer a competitive edge that could set a business apart in a crowded market.
#5 Environmental Impact
In the wake of increasing environmental awareness, opting for a rig that minimizes environmental impact is crucial. Some rigs are designed to reduce air and noise pollution, ensuring compliance with environmental regulations and contributing to sustainable operations.