Horizontal Directional Drilling Market in North America Price Trends, Competitive Market Share & Forecast, 2022 - 2030

The North America Horizontal Directional Drilling Market was valued at US$ 902.96 million in 2022 and is expected to reach US$ 2,152.14 million by 2030; it is estimated to register a CAGR of 11.5% from 2022 to 2030.

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The volume of sewage is rising with population growth. The majority of wastewater is generated by households and industries. Every year, ~380 billion m3 (cubic meters) of municipal wastewater is produced globally. As a result, the demand for proper infrastructure development in the sewer & water sector is increasing due to the growing population and rising urbanization. Governments of several countries are focusing on installing proper wastewater and sewage treatment facilities to protect the environment from pollution. In 2022, more than 16,000 public wastewater treatment facilities were in the US. Over 80% of the US population consumes drinking water from these facilities after proper treatment, and approximately 75% of the US population has sanitary sewerage treated in these treatment facilities.

Analysis of the Top Market Players:

1. American Augers Inc
2. Drillto Trenchless Co Ltd
3. Epiroc AB
4. Herrenknecht AG
5. Laney Directional Drilling Co
6. Nabors Industries Ltd
7. Prime Drilling GmbH
8. The Charles Machine Works Inc
9. Tracto-Technik GmbH & Co KG
10. Vermeer Corp

In this report, the market has been segmented on the basis of:

End Use (Telecommunications, Oil & Gas, Sewer & Water, Environmental Wells, and Utility)

Rig Size [Small (Less than 40,000 lbs.), Medium (40,000-100,000 lbs), and Large (More than 100,000 lbs.)]

Application (Onshore and Offshore)

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The growing emphasis on proper sewer and water infrastructure is boosting drilling activities, which is increasing the application of horizontal directional drilling equipment worldwide. Moreover, there is a surge in energy demand due to the growing global population. As per The US Energy Information Administration (EIA), US energy consumption is anticipated to grow through 2050 owing to economic and population growth. Natural gas has the potential application in electricity generation, which boosts its demand in various industries. In addition, in 2023, Petroleos Mexicanos and an association led by Talos Energy confirmed a field development plan for the Zama offshore oil field. Thus, an increase in offshore oil & gas exploration activities bolsters the expansion of gas pipeline infrastructure, which is propelling the application of horizontal directional drilling equipment. Thus, the rising infrastructure development in the sewer & water and oil & gas sectors drives the North America horizontal directional drilling market.

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