PDC Drill Bits Market Faces Competition from Hybrid Drill Solutions

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2025-09-24 07:04:52 -

The global PDC (polycrystalline diamond compact) drill bits market was valued at approximately USD 3.13 billion in 2023, and it is projected to reach USD 4.21 billion by 2030, registering a compound annual growth rate (CAGR) of 3.6% between 2024 and 2030. The expansion is primarily fueled by the oil & gas sector’s need for more cost-efficient and high-performance drilling...

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