Global Horizontal Directional Drilling Market to Grow at a CAGR of 6.8% During 2024-2032, Aided by the Growing Demand From Key End Use Industries

Horizontal Directional Drilling, also known as HDD, is a method involving the installation of underground pipes in a shallow arc. It allows drilling at angles other than vertical, enhancing oil and gas reserves. The onshore segment of horizontal directional drilling (HDD) is expected to hold a significant market share due to increased exploration operations and a focus on minimising disturbance in infrastructure development. In addition, the global horizontal directional drilling market is growing due to the rising emphasis on eco-friendly drilling technologies to mitigate environmental damage. HDD offers higher precision with less power consumption compared to traditional methods.

North America is anticipated to be a key region in the global HDD market, driven by the growth of the oil and gas sector and increasing infrastructure projects. The region's mature oil wells contribute to additional drilling activities.

Further, with increasing investments towards infrastructural development, involving pipeline expansion and utility construction, the demand for HDD to perform various operations is expected to increase. New projects are expected to drive the demand for HDD techniques for executing different tasks successfully and efficiently. For instance, in April 2023, GAIL successfully executed the longest HDD (horizontal directional drilling) pipeline across the Brahmaputra river as part of its Barauni Guwahati Pipeline (BGPL) project. The successful completion was achieved by HDD method utilising intersection technique.

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Market Breakup by Technique Type, Component, Application, End Use, and Region:

• The market can be broadly classified, based on technique type, into conventional and rotary steerable systems.

• Based on component, the market can be categorised into rigs, pipes, bits, reamers, and others.

• The market can be divided based on application into onshore and offshore.

• The market can be categorised, on the basis of end-use, into telecommunication, utility, and others.

• Region-wise, the global market for horizontal directional drilling can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global HDD market growth is attributed to factors such as increased exploration operations and a focus on minimising disturbances during infrastructure development.

• HDD technology is gaining traction due to its benefits of precision and lower power consumption compared to traditional methods.

• Additionally, growing emphasis on eco-friendly drilling technologies to mitigate environmental damage is supporting the HDD market.

• Increasing government investments in infrastructural projects are expected to favour the growth of the market.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for horizontal directional drilling for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the technique type, component, application, end-use, and major regions of the horizontal directional drilling market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global horizontal directional drilling market are American Augers, Inc., Ellingson Companies, Herrenknecht AG, Ferguson Michiana Inc., and Creighton Rock Drill Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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