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Horizontal Directional Drilling Market Trends 2023 | Business Growth, Industry Report 2028



According to the latest report by IMARC Group, titled “Horizontal Directional Drilling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global horizontal directional drilling market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global horizontal directional drilling market size reached US$ 9.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Horizontal directional drilling (HDD) is a trenchless drilling technique employed for digging horizontal bores using steerable motor assemblies. It relies on beamers, bites, rigs, and pipes to install underground pipelines, electrical semiconductors, service conduits, and cables and drill accurately along the chosen bore path. It helps to improve overall efficiency, flexibility, and cost-effectiveness while increasing the contact between the reservoir and wellbore. It can be conducted with minimum requirements and negligible soil contamination or landscape damage. As a result, HDD finds extensive applications across numerous industries, such as oil and gas, telecommunication, power, and utilities.

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Horizontal Directional Drilling Market Trends and Drivers:

The global horizontal directional drilling market is primarily driven by the increasing onshore and offshore oil and gas exploration activities. Moreover, the surging adoption of HDD for installing underground electrical telecommunication systems by surveying, designing, and constructing underground cables is another major growth-inducing factor.

Additionally, numerous technological advancements, such as the development of automated HDD systems that utilize software to plan and control drilling equipment more accurately with reduced data-to-surface delays, have accelerated the product adoption rate. Furthermore, due to the rising environmental concerns among the masses, the shifting preferences toward HDD, as it maintains the condition of the drilled area and causes minimal disturbance to the surrounding environment, is positively influencing the market growth.

Other factors, including favorable government policies, rising energy demand, and rapid urbanization and industrialization, are also anticipated to drive the market further.

Global Horizontal Directional Drilling Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Horizontal Directional Drilling Companies:

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.

The report has segmented the market on the basis of region, technique, parts, application and end user.

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

 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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If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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