The global horizontal directional drilling market size is estimated to reach USD 17.6 billion by 2025, according to a new report by Grand View Research, Inc., progress at a CAGR of 13.2% during the forecast period. Growing emphasis on adopting environment-friendly trenchless technologies globally is driving the HDD market, as this drilling technique is turning out to be one of the most critical subsurface construction methods for developing, maintaining, and replacing underground infrastructure.
Horizontal directional drilling has proved to be more convenient and environment-friendly as compared to conventional vertical maneuvering method. It is ideal for installing cables, conduits, and pipes for short-distance as well as long-distance projects and even at deeper depths.
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Launch of newer generations of cellular networking technology, such as 4G and 5G, has increased the demand for capable transmission systems. As a result, horizontal directional drilling setups are increasingly being deployed for installing new telecommunication transmission lines. Besides this, burgeoning demand for suitably-diffused distribution of electricity and natural gas from high-capacity intrastate and interstate lines and pipelines is also anticipated to propel the global horizontal directional drilling services market.
With the help of HDD rigs and other machines, significant volumes of oil and gas can be extracted from reservoirs, located as deep as 10,000 feet while causing a minimal impact on the environment. Moreover, HDD setup consumes lesser space, thereby making it ideal for situations where projects are located in congested areas and need to be completed in a short span of time.
Further key findings from the report suggest:
- The HDD midi rigs segment is projected to exhibit a CAGR of more than 4.0% during the forecast period
- Onshore HDD services business was valued at over USD 3 billion in 2018
- By 2025, the telecommunication segment is poised to hold a revenue share of over 25.0% of the global HDD services market
- North America accounted for the largest revenue share in the horizontal directional drilling (HDD) market in 2018. It is likely to retain its position through 2025
- The key players in the global horizontal directional drilling machines market include Ditch Witch; Vermeer Corporation; Ellingson Companies; and American Augers, Inc.
- Some of the major HDD service providers are Nabors Industries Ltd., UEA, Herrenknecht AG, and Laney Directional Drilling.
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Horizontal directional drilling is one of the most specialized methods for installing underground conduits with minimal damages to the surrounding ecosystem. Besides, the fact that HDD techniques also ensure more precision as compared to vertical maneuvering methods is also poised to stimulate the growth of the market over the forecast period.
As compared to conventional maneuvering methods, horizontal directional drilling techniques require fewer boreholes to be drilled. In other words, HDD machines can install multiple pipes through a single surface location, which means the surface area of land to be drilled is reduced. This sustainable construction method also requires a smaller set-up space. This ability renders it ideal for congested public areas, where projects have to be finished in a short period, keeping the inconvenience caused to the public minimum and trying to avoid traffic congestions.
At the same time, risks associated with conventional drilling methods, such as contamination of groundwater, can also be avoided by adopting advanced trenchless maneuvering technologies. Another attribute of the method is the reliability and efficiency of the horizontal maneuvering technique as compared to other trenchless methods. Horizontal directional drilling is preferred over auger boring and micro tunneling methods for digging down bores that are less than six inches below the ground, such as smaller water pipes and electricity cables and fiber-optic lines.
Moreover, the availability of maneuvering sensors coupled with advancements in surveying techniques, computer technology, and global positioning systems (GPS) are allowing them to take care of any obstructions encountered during drilling beforehand, thereby making HDD method more convenient. However, horizontal directional drilling methods often incur higher operating costs as compared to the other trenchless techniques.
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Based on the technique, the global HDD machines market has been divided into conventional and rotary steerable systems. Rotary steerable systems dominated the market in 2018. They are likely to retain their dominance through 2025, accounting for over 70.0% of the overall revenue. On the other hand, the conventional segment is expected to exhibit a CAGR of over 2.5% during the forecast period.
Rotary systems are installed with near-bit stabilizers that allow them to drill wells more reliably in lesser time and at comparatively lower costs. Service providers are investing aggressively in upgrading their rotary systems so that they can offer more reliable rotary machines capable of improving borehole quality even under harsh underground conditions.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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