Press release
Horizontal Directional Drilling Market Soars to USD 9.28 Billion in 2022, Set to Surge with 7.39 Parcentage CAGR by 2023
Horizontal Directional Drilling Market
Horizontal directional drilling, commonly known as directional boring, represents a steerable trenchless technique that employs a surface-launched drilling rig. This technique constructs underground conduits, cables, and pipes in a shallow arc along a predetermined bore path. It minimizes disruption to the surrounding environment, making it an ideal solution for scenarios where trenching or excavation is impractical. HDD thrives in various soil types and situations, including road, landscape, and river crossings. The technique is pivotal in maximizing oil and gas production from challenging wells, contributing to the energy sector's efficiency and sustainability. The report delves into the market's segments, including Technique, Parts, Application, and End-Use. Market data is derived from industry participants across North America, Asia Pacific, Europe, Middle East & Africa, and South America. With a comprehensive analysis of ongoing advancements across industry sectors, the report provides essential insights using facts, figures, illustrations, and presentations. The historical period from 2017 to 2022 is meticulously examined, unveiling drivers, limitations, prospects, and barriers within the Horizontal Directional Drilling Market.
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What are Horizontal Directional Drilling Market Dynamics:
The booming oil and gas industry has led to an increase in horizontal directional drilling activity around the world. The utilization of environmentally friendly drilling technology is becoming increasingly important as conventional drilling methods cause significant environmental harm. As a result, the global market for horizontal directional drilling (HDD) is growing. In addition, when compared to vertical maneuvering techniques, the HDD approach offers more precision with reduced power usage.
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Horizontal Directional Drilling Market Regional Insights:
North America leads the market with substantial share in 2022 and anticipates steady growth at a CAGR of through the forecast period. Infrastructure development, oil exploration, and drilling activities boost the regional market.
Asia-Pacific, the second-largest market, is witnessing growth due to renewable energy initiatives, infrastructure projects, and telecommunications investments.
In the face of challenges and opportunities, the Horizontal Directional Drilling Market thrives as a pivotal player in the global energy sector. The report offers stakeholders a comprehensive understanding of the industry, paving the way for informed decisions and innovative strategies.
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What is Horizontal Directional Drilling Market 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
Who are Horizontal Directional Drilling Market Key Players:
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
Table of content for the Horizontal Directional Drilling Market includes:
Global Horizontal Directional Drilling Market: Research Methodology
Global Horizontal Directional Drilling Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Horizontal Directional Drilling Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4 . Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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