There have been lots of movements in the global horizontal directional drilling market (HDD market). Analysts predict that the market will grow tremendously in the next five years. The market size is projected to reach $17.6 billion come 2025, with a compound growth rate of 13.2% in that period.
With more and more emphasis on environmentally friendly trenchless technology worldwide, the horizontal directional drilling market is progressing at a rapid rate. The drilling technique is becoming the most sought after method of drilling worldwide. It has become an essential subsurface construction method for developing, handling, replacing, managing and maintaining underground infrastructure.
HDD has shown that it is an eco-friendlier option than conventional vertical drilling methods. It has also shown that it can be a very convenient option to use. It is suitable for installing lots of pipes, cables, and conduits that have to do with long depths and distances
There s a general acceptance of what the horizontal directional drilling can do. The market is thriving, and more and more people are accepting the technology. The fact that it can reach even greater depths in record time means other drilling methods would soon be a thing of the past.
The demand for horizontal directional drilling setups is making their way into our everyday lives. The rise of newer generations of cellular networking technology like 4G and 5G has amplified the demand for handy transmission systems. Because of this, HDD setups are making their way into the telecommunications industry. HDD systems are now being used for installing new telecom transmission lines. What’s more, because of the growing demand for more effective systems for distributing electricity and natural gas via interstate and intrastate lines, as well as pipelines, there is an even wider demand for global horizontal directional drilling setups.
Using horizontal directional drilling setups as well as other machines is quite noticeable in the oil and gas sector. The use of HDD rigs is beneficial in drilling a high volume of oil and gas from reservoirs as deep as 10,000 feet. On the plus side, the USE of HDD rigs has little or no impact on the environment. In addition, HDD systems use up less space, thus making them ideal for congested areas and it also means more work can be done in a short space of time.
Other Details From The Report
- Analyst predicts that Horizontal Directional Drilling Rig segments will show a compound annual growth rate of 4.0% from 2019 to 2020.
- Onshore Horizontal Directional Drilling Services business was valued at over $3 billion in 2018
- North America brought the largest revenue share in the HDD market in 2018. Analysts predict that N.A would retain its position in 2025.
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