Asia Pacific region is the fastest-growing region for the market, owing to the rising demand from telecommunications service providers. Shale has and Coal bed methane gas is emerging as an important new source of energy supply in the U.S. North America accounted for the major share of the market in 2019, owing to the increasing oil & gas, utility, and telecommunication infrastructure projects. The global horizontal directional drilling market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. KG, Ditch Witch Ltd., Goodend Machines International, and XCMG Group Co., Ltd. Ltd., Laney Directional Drilling, Nabors Industries Ltd., UEA, Herrenknecht AG, Prime Drilling GmbH, XCMG Group, Herrenknecht AG, Tracto Technique GmbH & Co. Some of the major companies in the horizontal directional drilling market are Schlumberger Limited, Drillto Trenchless Co. Several governments across the globe are installing renewable energy sources such as solar and wind to reduce carbon emissions. The key restraint of the market is the rising focus on renewable energy. This factor is also estimated to drive the market during the forecast period. Furthermore, horizontal directional drilling also provides more precision as compared to vertical maneuvering methods. For instance, as per Central Intelligence Agency, by 2040, the urban population will almost be double the rural population. Urbanization would increase consumer demand, which results in to increase in the manufacturing sector, propelling the energy demand. Other segment consists of soil mapping, sewage disposal, and geothermal energy distribution.Īn increase in urbanization and a growing rate of industrialization are the major factors responsible for the growth of the horizontal directional drilling market. However, telecommunication is the fastest-growing segment of the market, owing to the rising demand for broadband services for the communication networks that support the 5G generation. Increasing demand for shale gas, coal-bed methane, tight gas from the increasing urbanization and population is set to propel the demand for the oil & gas sector. Among these, the oil & gas segment accounted for the major share of the market. Conventional horizontal drilling technology is primarily used in mud motors, drill bits, and whip stocks.īased on end-user, the market is classified into oil & gas, utility, telecommunication, and others. Rotary steerable systems can drill wells in less time and at low costs. The rotary steerable systems segment dominated the market. The offshore segment is also likely to expect growth in the forecast period, owing to increasing investment in deep & ultra-deepwater oil & gas activities.īased on technology, the market is bifurcated into the conventional and rotary steerable system.
The onshore segment accounted for the major share of the market, owing to the easy drilling method, low operating and drilling cost. The global horizontal directional drilling market is rapidly growing across the globe, owing to the rising telecommunications and oil & gas industries.īased on location, the market is classified into onshore and offshore. The horizontal directional drilling method allows the water supply and drainage system of a city to be replaced without causing a traffic jam and incurring the cost of restoring roads. This method uses a directional drilling machine, to accurately drill along the bore path. Horizontal Directional Drilling (HDD) is primarily used in the installation of underground pipelines, service conduits, and cables.
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