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2025-09-24 07:04:52 -

PDC Drill Bits Market Faces Competition from Hybrid Drill Solutions

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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