Global Horizontal Directional Drilling Market by Product Type (Mini-Hdd, Midi-Hdd, & Maxi-Hdd), By End-Use (Oil &Gas, Telecommunication, Drain Pipe, Electricity Cable & Others) and by Region – Global Forecast to 2030

Marketresearch.biz announces publication of its most recently generated research report titled, “Global Horizontal Directional Drilling Market by Product Type (Mini-Hdd, Midi-Hdd, & Maxi-Hdd), By End-Use (Oil &Gas, Telecommunication, Drain Pipe, Electricity Cable & Others) and by Region – Global Forecast to 2030”, which offers a holistic view of the global horizontal directional drilling market through systematic segmentation that covers every aspect of the target market. The global horizontal directional drilling market is projected to be US$ 6,707.4 Mn in 2020 to reach US$ 11,956.2 Mn by 2028 at a CAGR of 7.4%.

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Horizontal directional drilling, also known as directional drilling, is a steerable trenchless technology that uses ground-launched drilling rigs to install underground pipelines, cables, and cables in a shallow arc along the recommended drilling path. Conduit, and has little effect on the enclosed area. When trenching or mining is useless, directional drilling can be used. It is suitable for various soil conditions and applications, such as roads, landscapes and river crossings. In addition to the oil and gas sector, horizontal directional drilling is also used in other end-use industries, such as mining, utilities, natural gas pipelines, LNG pipelines, telecommunication cables, etc.

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Global Horizontal Directional Drilling Market Revenue (US$ Mn), 2020–2028

Compared with conventional vertical manipulation methods, horizontal directional drilling has proven to be more useful and environmentally friendly. It is ideal for installing cables, short distance pipes and long distance tasks even at deeper depths and conduits. In other words, the horizontal directional drilling rig can install multiple pipes on one surface area, thereby reducing the surface area for ground penetration. The development of drilling sensors and global positioning systems has contributed to major improvements in horizontal directional drilling methods. Currently, the drilling angle can be controlled with high-precision and real-time data acquisition methods.

This helps provide multiple solutions to drilling challenges such as mud extraction, tool failure and precise angular movement to reach reserves. The gears used for horizontal drilling are similar to telecommunications cables, utilities, power transmission and oil well drilling rigs. In addition, downhole tools and drill pipes are usually switchable. During operation, use drilling fluid to reduce friction and stabilize the hole to avoid extremely high pressure caused by drilling.

Global horizontal directional drilling market is segmented based on product type, end-use, and region. Based on product type, the market is segmented into mini-hdd, midi-hdd & maxi-hdd. The maxi-hdd segment accounts for the majority share and is expected to witness significant share in terms of revenue over the forecast period. Based on end-use, the market is segmented into oil and gas, telecommunication, drain pipe, electricity cable & others. The oil and gas segment accounts for significant revenue share whereas the telecommunication segment is projected to register significant CAGR in the next coming years.

Global Horizontal Directional Drilling Market Attractiveness Analysis by Form, 2020–2028

By region, the market is segmented into United States, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Rest of the World. The United States estimated to account for major revenue share and is projected to dominate the global horizontal directional drilling market owing to increased oil and gas distribution through pipelines is another factor that is expected to increase the demand for horizontal directional drilling.

Global Horizontal Directional Drilling Market Segmentation:

Segmentation by Product:

• Mini-Hdd
• Midi-Hdd
• Maxi-Hdd

Segmentation by end-use:

• Oil &Gas
• Telecommunication
• Drain Pipe
• Electricity Cable & Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa