Global Horizontal Directional Drilling Market is estimated to be US$ 14.78 billi

Posted by NISHA SHAHA on January 10th, 2022

Global Horizontal Directional Drilling Market accounted for US$ 8.21 billion in 2020 and is estimated to be US$ 14.78 billion by 2030 and is anticipated to register a CAGR of 6.1%. Horizontal Directional Drilling (HDD) is a trenchless method of installing pipelines of various sizes and materials beneath the ground surface. Trenchless technologies like horizontal directional drilling, pipe bursting, and slip lining allow a city\'s complete water supply and drainage system to be changed without causing substantial traffic congestion or incurring the high cost of rebuilding streets and highways. In the last two decades, the Horizontal Directional Drilling sector has grown at an exponential rate, and Horizontal Directional Drilling has become a typical installation method.

The report \" Global Horizontal Directional Drilling Market, By Technology (Conventional and Rotary Steerable System), By Application (Onshore and Offshore), By End Use (Oil & Gas Excavation, Utility, Telecommunication, and Others (Soil Mapping, Sewage Disposal, and Geothermal Energy Distribution)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’

Key Highlights:

  • Due to increased horizontal and directional drilling activity, North America is likely to maintain its dominance in the global directional drilling services market, with the majority of demand coming from the United States and Canada.

Analyst View:

Due to its capacity to hit several target zones and the flexibility to deploy from a single point in highly rugged sub-surface, the horizontal trenchless approach has acquired substantial support since its introduction. The widespread adoption of disruptive digital technologies such as 3D visualisation, 3D earth models, and automation has resulted in faster implementation, lower noise and waste, and improved underground accessibility. Furthermore, these technologies have allowed engineers, geoscientists, and other associated people to better visualise and improve the bore path\'s Rate of Penetration (ROP). Horizontal trenchless drilling applications in oilfields, renewable gas exploration, and long-distance optical cable deployments in offshore locales have all benefited from technological developments.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Horizontal Directional Drilling Market, By Technology (Conventional and Rotary Steerable System), By Application (Onshore and Offshore), By End Use (Oil & Gas Excavation, Utility, Telecommunication, and Others (Soil Mapping, Sewage Disposal, and Geothermal Energy Distribution)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029”

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Horizontal-Directional-Drilling-Market-1170

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NISHA SHAHA

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NISHA SHAHA
Joined: February 26th, 2021
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