IMARC Group, a leading market research company, has recently releases report titled “Horizontal Directional Drilling Market Report by Technique (Conventional, Rotary Steerable System), Parts (Rigs, Pipes, Bits, Reamers), Application (On-shore, Off-shore), End User (Oil and Gas Excavation, Utility, Telecommunication), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the market.
How big is the horizontal directional drilling market?
The global horizontal directional drilling market size reached US$ 9.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.
What is Horizontal Directional Drilling?
Horizontal directional drilling (HDD) refers to a trenchless construction method employed for the installation of pipes underground without hampering the ground surface. It involves the usage of a directional drilling machine and various other associated attachments to accurately drill with the chosen bore path and a back ream of the pipe. It is performed by highly trained technicians to manage the drill head and guide the drilling pipe electronically to ensure the angle, depth, and exit point adhere to carefully designed engineering plants. It is significantly more efficient and less disruptive as compared to open-cut methods, which involve the hassle of digging large tracts of earth and removing displaced dirt and slurry. It is performed by drilling a small diameter pilot hole, pre-reaming the pilot hole and enlarging it to a size sufficient to safely incorporate the product lines, and pulling the product pipe into the drill hole. It is ideal wherein trenching requirements need to be avoided, such as under a railroad, an embankment, or a highway. It is a quick and accurate process that allows the operators to accomplish creditable accuracy even when the crossing is complicated. Furthermore, it enables the installation of pipelines under busy city streets and highways without disrupting the flow of traffic and affecting the movement of citizens.
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What are the growth prospects and trends in the horizontal directional drilling industry?
At present, the increasing demand for HDD techniques, as it is flexible, causes less environmental disturbances, and enables operators to drill beneath lakes and rivers, represents one of the primary factors influencing the market positively. Besides this, rising utility installations in shale gas development projects is propelling the growth of the market. In addition, the growing adoption of HDD techniques for surveying, designing, and constructing underground cables for electrical telecommunication systems, along with the rising availability of high-speed internet connectivity, is offering a favorable market outlook.
Apart from this, the increasing distribution of natural gas and electricity from middle and upper pipelines, coupled with the rising demand for energy to operate various electronic appliances, is contributing to the growth of the market. Additionally, the increasing adoption of HDD for oil exploration and production activities in various unexplored areas around the world is supporting the growth of the market.
Moreover, the rising preference for HDD over other forms of drilling methods due to the increasing environmental consciousness among the masses is strengthening the growth of the market. Furthermore, the rising high-end investments by key market players for technological advancement and accurate prediction and optimization of the rate of penetration of the bore path are bolstering the growth of the market.
Leading Companies Operating in the Horizontal Directional Drilling Industry?
Baker Hughes Company, Barbco Inc., China Oilfield Services Limited (China National Offshore Oil Corporation), Ellingson Companies, Halliburton Company, Helmerich & Payne Inc., Herrenknecht AG, Nabors Industries Ltd., NOV Inc., Schlumberger Limited, The Toro Company, Vermeer Corporation and Weatherford International plc.
Horizontal Directional Drilling Market Report Segmentation?
Breakup by Technique:
• Conventional
• Rotary Steerable System
Breakup by Parts:
• Rigs
• Pipes
• Bits
• Reamers
Breakup by Application:
• On-shore
• Off-shore
Breakup by End User:
• Oil and Gas Excavation
• Utility
• Telecommunication
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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The Horizontal Directional Drilling market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the horizontal directional drilling market include American Augers, Inc., Barbco, Inc., Creighton Rock Drill Ltd., Ditch Witch, Ellingson Companies, Ferguson Michiana Inc., Herrenknecht AG, Laney Directional Drilling Co., McCloskey International, McLaughlin Group, Inc.S.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Horizontal Directional Drilling Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/horizontal-directional-drilling-market/download-sampleMarket DynamicsThe rising emphasis on causing minimal damages to the environment at a global level is the primary factor driving the Horizontal Directional Drilling market.
Also, rising demand for horizontal directional drilling across various applications in expanding as oil & gas excavation and telecommunication industries contributes to the Horizontal Directional Drilling market's growth.
The increasing need for decreasing inconvenience caused to the public while carrying out infrastructure projects leads to more adoption of Horizontal Directional Drilling, thus positively impacting the Horizontal Directional Drilling market's growth.
The Global Horizontal Directional Drilling (HDD) Market is likely to grow at a significant CAGR during the forecast period.
HDD technology brings out the drill technique that enables more control and precision that lowers environmental impact resulting into less traffic.
Horizontal Directional Drilling- Industry snapshot and key buying criteria, 2012 - 2022Chapter 3.
Market size and growth prospects3.3.
Horizontal Directional Drilling value chain analysis3.4.
Horizontal Directional Drilling market dynamics3.5.1.
The latest trending report Global Horizontal Directional Drilling Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Horizontal Directional Drilling market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Horizontal Directional Drilling industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Horizontal Directional Drilling and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/16626-horizontal-directional-drilling-market-analysis-reportThe major players covered in Horizontal Directional Drilling are: Vermeer Drillto Toro Ditch Witch Dilong Herrenknecht AG Prime Drilling Goodeng Machine XCMG DW/TXS Terra Huayuan CHTC JOVE Lianyungang Huanghai TRACTO-TECHNIK ZoomlionBy Type, Horizontal Directional Drilling market has been segmented into Small HDD Medium HDD Large HDDBy Application, Horizontal Directional Drilling has been segmented into: Oil and Gas Telecommunication Water Related Electric Transmission OthersThe report offers in-depth assessment of the growth and other aspects of the Horizontal Directional Drilling market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Horizontal Directional Drilling Market @ https://www.decisiondatabases.com/contact/download-sample-16626The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Horizontal Directional Drilling product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Horizontal Directional Drilling, with price, sales, revenue and global market share of Horizontal Directional Drilling in 2018 and 2019.Chapter 3, the Horizontal Directional Drilling competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Horizontal Directional Drilling breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Horizontal Directional Drilling market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Horizontal Directional Drilling sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Horizontal Directional Drilling Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-16626All Drilling Related Reports by DecisionDatabases.com @ https://goo.gl/y5M4mfAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
