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“This growth is primarily driven by the increasing rate of oil & gas drilling activities across the world and need for advanced techniques for faster and efficient drilling.”
Browse 70 market data Tables and 38 Figures spread through 123 Pages and in-depth TOC on “PDC Drill Bits Market – Global Forecast to 2023”
According to the new market research
“PDC Drill Bits Market by Type (Matrix Body and Steel Body), Size of PDC Cutter (Less than 9 mm, 9–14 mm, 15–24 mm, and Above 24 mm), Number of Blades (Less than 6, 6–10, and Above 10), and Region (North America, Asia Pacific, and Europe) – Global Forecast to 2023″, The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period. This growth can be attributed to factors such as increasing oil & gas drilling activities in the world and need for advanced techniques for faster drilling in less downtime.