Horizontal Directional Drilling Market was valued at US$ 9.28 Bn. in 2022. The Global Horizontal Directional Drilling Market size is estimated to grow at a CAGR of 7.39 % over the forecast period.
Horizontal Directional Drilling Market Overview:
A surface-launched drilling rig is used in horizontal directional drilling (HDD), also referred to as directional boring, which is a steerable trenchless technique that creates underground conduits, cables, and pipes in a shallow arc along a predetermined bore path with minimal disturbance to the surrounding area. Directed drilling is used when excavation or trenching are not feasible. It performs admirably in a variety of soil conditions and scenarios, such as landscape, river, and road crossings. Drilling in a specified direction is a common strategy used by crude oil companies to optimize production from available acreage by reaching the most difficult wells. In this regard, directional drilling is a technique that improves oil and gas deposits by allowing oil wells to be sunk at angles other than vertical.
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Horizontal Directional Drilling market Market Scope:
Key data analysis is presented via presentations, graphs, and facts and figures for the historical era spanning 2017 to 2022. The study looks into the opportunities, challenges, restrictions, and drivers of the horizontal directional drilling market. Based on a careful analysis of the current competitive landscape in the Horizontal Directional Drilling Market, this MMR study offers investment recommendations.
Horizontal Directional Drilling segmentation:
by Technique
Conventional
Rotary steerable system
by Parts
Rigs
Pipes
Bits
Reamers
by Application
Onshore
Offshore
by End-User
Oil & Gas Excavation
Utility
Telecommunication
Horizontal Directional Drilling : Key Players:
The competitive landscape of the Horizontal Directional Drilling market provides information about competitors.
1. American Augers, Inc.
2. Ditch Witch
3. Ellingson Companies
4. Vermeer Corporation
5. The Toro Company
6. Baker Hughes Incorporate
7. Halliburton Company
8. Schlumberger Limited
9. Weatherford International
10. National Oilwell Varco, Inc.
11. Nabors Industries, Ltd.
12. Barbco, Inc.
13. Creighton Rock Drill Ltd.
14. Direct Horizontal Drilling, Inc.
15. Ferguson Michiana Inc.
16. Herrenknecht Ag
17. Laney Directional Drilling Co.
18. Mccloskey International
19. Mclaughlin Group, Inc.
20. Nabors Industries Ltd.
21. Nawtek GmbH
22. Prime Drilling GmbH
23. Horizontal Technology, Inc.
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Horizontal Directional Drilling : Regional Analysis:
North America: (Canada, Mexico, and the United States)
Europe (including Austria, Sweden, Germany, Italy, Spain, UK, and France)
Asia Pacific includes Bangladesh, Pakistan, Taiwan, Malaysia, Vietnam, South Korea, Japan, India, Australia, Indonesia, and the rest of APAC.
Africa and the Middle East (South Africa, the GCC, Egypt, Nigeria, and Rest)
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COVID-19 Impact Analysis on the Market:
The impact of COVID-19 on the horizontal directional drilling market is thoroughly examined in this paper. The COVID-19 pandemic has resulted in thousands of cases being recorded worldwide, prompting the World Health Organization to declare a global health emergency. There are ramifications for the Horizontal Directional Drilling markets from the coronavirus sickness that affected these individuals.
Key Questions Answered in the Horizontal Directional Drilling Market Report are:
Which are the crucial factors aiding Horizontal Directional Drilling market growth?
Which region has the maximum share in the Horizontal Directional Drilling market?
What will be the CAGR of the Horizontal Directional Drilling market during the forecast period (2024–2030)?
Which segment emerged as the leading segment in the Horizontal Directional Drilling market?
Who are the main players in the Horizontal Directional Drilling market?
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