Visiongain Publishes New Report: Global Horizontal Directional Drilling (HDD) Market Report 2019-2029

Global Horizontal Directional Drilling (HDD) Market Report 2019-2029: Analysis by End User (Oil and Gas, Energy, Telecommunication, Electric Transmission), Company and Country Analysis and Forecasts.

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Market Definition:
-Horizontal directional drilling is one of the most specialized techniques for drilling underground conduits with minimal damage to surrounding ecosystem. Moreover, the fact that HDD techniques also ensure more precision as compared to vertical drilling methods, is also going to stimulate the growth of the market over the forecast period.
-At the same time, the risks associated with conventional drilling methods, such as contamination of underground water, can also be avoided by adopting HDD techniques.

Market Overview and Trends
-Horizontal Directional Drilling (HDD)s techniques are gaining popularity each day due to its cost-effective methodology of hitting the maximum pay zone resulting in maximum oil production.
-Also, it is vastly being preferred over the conventional method due its low risk of damaging the ecosystem.
-Introduction of technologies like IoT will also help in making HDD more cost effective and preferred method of drilling.

Market Dynamics:

Factors Influencing the Market Growth:
-Cost effectiveness in targeting the maximum area of the oil and gas containing sub-surface pay zone and thus increasing production.
-Easy and faster way of oil and gas production compared to conventional methods
-Reduces the operating cost of the Application companies, resulting in more profits.
-IoT integration in the oil and gas drilling sector has reduced the risk in HDD, which in turn makes it a more preferred choice.

Factors Restraining the Market Growth:
-Declining Oil Spending Due to Low Crude Oil Price
-Increasing Focus on Renewable Energy

Market Segmentation 2019-2029:
Market by End User
-Oil and Gas Market, 2019-2029
-Energy Market, 2019-2029
-Telecommunication Market, 2019-2029
-Electric Transmission Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
-North America Market, 2019-2029
-Europe Market, 2019-2029
-Asia-Pacific Market, 2019-2029
-Middle East Market, 2019-2029
-Africa Market, 2019-2029

Competitive Analysis:
-Key players are adopting mergers & acquisition and new product launches as their key strategy to sustain intense competition.
-Companies are strategically expanding their global presence and offering improved Horizontal Directional Drilling (HDD) technology across various sectors.

Major Market Players:
American Augers, Inc., Barbco, Inc., Creighton Rock Drill Ltd., Ditch Witch, Ellingson Companies., Ferguson Michiana Inc., Herrenknecht AG., Laney Directional Drilling Co, McCloskey International, and McLaughlin Group, Inc. is also provided in this report.

Related reports:
Distributed Energy Generation Market Forecast 2019-2029: https://www.visiongain.com/report/distributed-energy-generation-market-forecast-2019-2029/

Floating Liquefied Natural Gas (FLNG) Market Report 2019-2029: https://www.visiongain.com/report/floating-liquefied-natural-gas-flng-market-report-2019-2029/

Landfill Gas to Energy Market Report 2019-2029: https://www.visiongain.com/report/landfill-gas-to-energy-market-report-2019-2029/

For more Energy reports, visit our website: https://www.visiongain.com/industries/energy/

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on 020 7549 9987

Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com

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About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

This release was published on openPR.