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Allied Market Research

Horizontal Directional Drilling Market by Technique (Conventional, and Rotary Steerable System), Product (Rigs, Pipes, Bits, and Reamers) Application (Onshore, and Offshore), and End Use (Oil & Gas Excavation, Utility, and Telecommunication): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12143
Pages: NA
Sep 2021 | 83 Views
   
Author(s) : Onkar Sumant
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COVID-19

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Horizontal directional drilling (HDD) is one of the most special ways to install underground cycles with minimal damage to the environment. In addition, HDD technique also ensures greater accuracy compared to vertical methods. Straight drilling techniques require fewer holes to drill as compared with conventional drilling methods. In other words, HDD machines can place multiple pipes in one more surface, which means that the surface area of the drilling surface is reduced. This sustainable construction method also requires less set space. This capability makes it ideal for crowded public spaces, where projects must be completed in a brief period, to avoid disruption caused by the community to avoid traffic  congestion.

Market Scope and Structure Analysis

Horizontal drilling is much simpler and more environment-friendly compared to normal vertical alignment. It is suitable for installing cables, canals, and short-distance pipelines  and long-distance projects even at deep depths. The introduction of new generations of mobile communication technologies, such as 4G and 5G, has increased the need for people with the ability to transfer systems. As a result, horizontal directional drilling settings are increasingly being introduced to install new transmission lines. In addition, the surge in demand for efficient distribution of electricity and natural gas from the upper and middle pipeline lines is expected to drive the horizontal drilling machine services market growth. With the help of HDD rigs and other equipment, substantial amounts of oil & gas can be extracted from ponds, found at depths of 10,000 feet while creating a small impact on the environment. In addition, HDD setting consumes less space, thus making it ideal for situations where projects are located in densely populated areas and need to be completed within a short period of time.

Report Metric

Details

Market size available for years

2020 - 2030

  Base Year Considered

2020

  Forecast Period

2021–2030

  Forecast Unit

Value (USD)

  Segments Covered

Techniques, Product, Application, End-User and Region

Regions CoveredNorth America, Asia Pacific, Europe, and LAMEA
Companies covered.American Augers, Inc., Ditch Witch, Ellingson Companies, Vermeer Corporation, The Toro Company. Baker Hughes Incorporate, Halliburton Company, Schlumberger Limited, Weatherford International, National Oilwell Varco, Inc., Nabors Industries, Ltd.

 

COVID-19 Impact analysis.

  • The impact of the coronavirus outbreak temporary shutdown the operation, production and supply chain process in the horizontal directional drilling market.
  • Industries related to the use of horizontal directional drilling market are likely to go backwards, which lowers the growth of the horizontal directional drilling market.
  • The temporary suspension of the oil & gas excavation, utility, and telecommunication in the first half of 2020, in a lot of countries has negatively affected the market growth.
  • However, industries related to the use of these markets are likely to be back on track. This is anticipated to foster the growth of the market during the forecast period.

Top Impacting Factors

  • The horizontal drilled market size is projected to experience growth after 2021 driven by population growth and urban and industrial growth owing to increase in population.
  • Benefits of using horizontal directional drilling fasteners in the oil & gas excavation, utility, and telecommunication include advanced device management, increased stability, and treatment and monitoring outcomes.
  • Essential volumes of oil & gas can be extracted from ponds, found at depths of 10,000 meters while creating a small impact on the environment. In addition, HDD setting consumes less space, thus making it ideal for situations where projects are in crowded areas and need to be completed within a short period of time.
  • Hook and loop materials are used in the automotive sector to connect armrests, attach trim to seats, headers, and headrest, and install floor coverings. This is expected to increase the demand for car companies in the coming years, which in turn boots the market growth.
  • Rotary systems are equipped with near-bit enclosures that allow them to capture resources reliably in a brief time and at low cost. Service providers are aggressively investing in the development of their revolving systems so that they can provide reliable mobile equipment that is capable of producing calf quality under difficult underground conditions.

Marketing Trends

  • In May 2021, American augers offered the first choice for European Electric drilling machines, which is environment-friendly.
  • In June 2021, Baker Hughes Incorporate invested in Bio-methanation Technology to increase the energy efficiency through carbon emissions portfolio. Electrochaea technology provided renewable CO2 energy for low-quality grid, low-carbon dioxide (SNG), which contributed to a wide range of complex components, such as mobility and heating. Baker Hughes is anticipated to combine post-carbon dioxide capture technology with Electrochaea bio-methanation technology to develop and market an integrated carbon capture and utilization (CCU) solution.

By Technique

  • Conventional
  • Rotary steerable system

By Parts

  • Rigs
  • Pipes
  • Bits
  • Reamers

By Application

  • Onshore
  • Offshore

By End Use

  • Oil & Gas Excavation
  • Utility
  • Telecommunication

By Region

North America

    • U.S.
    • Canada
    • Mexico Europe
    • UK    
    • Germany
    • France
    • Rest of Europe Asia Pacific
    • China
    • India
    • Japan
    • Rest of APAC

LAMEA

    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the Horizontal Directional Drilling Market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Horizontal Directional Drilling Market.
  • The current market is quantitatively analyzed from 2020 to 2028 2030 to highlight the Horizontal Directional Drilling Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Horizontal Directional Drilling Market based on competitive intensityand how the competition will take shape in coming years.
 
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