Press release
Horizontal Directional Drilling Market to reach USD 15.30 Bn by 2029, emerging at a CAGR of 7.39 percent and forecast 2023-2029
Horizontal Directional Drilling Market
Report Scope:
The Horizontal Directional Drilling (HDD) Market report by Maximize Market Research Pvt Ltd provides a comprehensive overview of the HDD market, including its market values, report scope, research methodology, drivers, restraints, and regional insights.
Research Methodology:
Our research methodology includes data sourced from market participants and covers regions such as North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report employs facts, figures, illustrations, and presentations to analyze key data from 2017 to 2022.
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Horizontal Directional Drilling Market Dynamics:
Drivers:
The report highlights key drivers influencing the Horizontal Directional Drilling Market's growth:
1. The sharp rise in onshore and offshore oil and gas exploration operations, often combined with HDD for enhanced production.
2. The booming oil and gas industry, emphasizing environmentally friendly drilling techniques.
3. The global expansion and urbanization, increasing the demand for energy and infrastructure.
4. The need for evenly distributed electricity and natural gas from high-capacity pipelines.
Restraints:
The major restraints on market growth include the high cost, complicated installation process, and the need for highly qualified operators.
Opportunities:
Opportunities in the HDD market are driven by technological advancements, including automated HDD systems, improving drilling precision and efficiency.
Horizontal Directional Drilling Market Regional Insights:
The North America region dominated the market in 2022, driven by infrastructure development, oil and gas projects, and a large number of oil exploration operations.
Asia-Pacific is the second-largest market, with China's focus on renewable energy sources and increased investments in telecommunications infrastructure.
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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
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.
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Table of content for the Horizontal Directional Drilling Market includes:
1. Global Horizontal Directional Drilling Market: Research Methodology
2. 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
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023-2029
• 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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