Global Horizontal Directional Drilling Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Horizontal Directional Drilling Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global horizontal directional drilling market report has been segmented on the basis of technology, application, end-use and region.

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Global Horizontal Directional Drilling Market: Overview

Horizontal Directional Drilling methods or techniques are used for installing pipelines, tubes, cables, and ducts in highways, beneath rivers, railroad, and other environmentally sensitive areas. There is no distraction to concrete, road or damaging of the ground, also unaffected by above ground hurdles including trees, buildings or other existing services. In addition, this leads to significant cost savings as compared to traditional techniques.

Global Horizontal Directional Drilling Market: Dynamics

Increasing demand for horizontal directional drilling across various applications in many end-user industries such as oil & gas excavation and telecommunication. The global market is estimated to grow significantly over the forecast period, owing to the utmost expert methods for installing underground channels with the least damages to the surrounding environment. In addition, horizontal directional drilling techniques are more accurate for drilling require fewer boreholes as compared to vertical directional drilling, that is another factor expected to boost growth of the global market over the forecast period. Moreover, this machine can install several pipes through a single surface location, needs a smaller set-up space and also perfect for congested public areas where projects need to finish in a short time period are some other factors expected to support growth of the global market over the forecast period.

However, horizontal directional drilling methods often gain higher operating costs as compared to other drilling techniques is a major factor expected to hamper growth of the global market to a certain extent.

Global Horizontal Directional Drilling Market: Segment Analysis

Among the technology segments, the rotary steerable systems segment is expected to account for major revenue share contribution and maintain dominance to the global market over the forecast period. The rotary steerable systems have the ability to increase the drilling efficiency, lessen the drilling risk and also decrease the drilling cost.

Among the application segments, the onshore segment is projected to dominate growth of the target market, owing to the rising demand in oil and deep sea drilling at a higher rate.

Among the end-use segments, the oil & gas excavation segment is projected to dominate in terms of revenue share over the forecast period. The telecommunication segment is expected to register significant CAGR in terms of revenue, owing to increasing demand for broadband services across the globe is projected to the outgrowth of the telecommunication segment.

Global Horizontal Directional Drilling Market: Regional Analysis

The market in North America is projected to account for a major share in terms of revenue in the global horizontal directional drilling market, and this can be attributed to the presence of major companies and the increasing number of utility construction, oil & gas, and infrastructure development plans in countries in the region. Moreover, the availability of directional sensors coupled with advancements in technology is fueling the growth of horizontal directional drilling market in the region over the forecast period.

Asia Pacific market is expected to register highest CAGR in terms of revenue over the forecast period, owing to the increasing demand of these machines at lower prices from China-based vendors and also telecommunications services are increasing significantly in this region is expected to substantial growth.

Global Horizontal Directional Drilling Market Segmentation:

Segmentation by technology:

Conventional
Rotary Steerable System

Segmentation by Application:

Onshore
Offshore

Segmentation by end-use:

Oil & gas excavation
Utility
Telecommunication
Others (soil mapping, sewage disposal, and geothermal energy distribution)