Using a surface-launched drilling rig, horizontal directional drilling (HDD) is a low-impact trenchless method of installing underground utilities such as tubing, conduit, or cables in a relatively shallow arc or radius along a specified underground course. Compared to conventional cut-and-cover pipeline/utility installations, HDD provides major environmental benefits. Where traditional trenching or excavating is impractical or when minimal surface disruption is needed, the technique is frequently used. The HDD technique is also referred to as, Directional boring. The key driving factors for the market are, advancements in telecom and oil-gas industries along with growing urbanization.
The key market drivers for horizontal directional drilling market are, this technique is cost effective and is a sustained drilling method along with strong growth in oil and gas industry. Moreover, because of the thriving telecommunications and oil & gas industries, the global horizontal directional drilling market is expected to grow. Additionally, the rising demand for infrastructure construction and utility installations, in tandem with increasing urbanization, is propelling the global market forward. Whereas, the higher operating cost of HDD method as compared to other drilling method is expected to restrain market growth during the forecast period.
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The List of Companies:
1. American Augers, Inc
2. Ditch Witch
3. Ellingson Companies
4. Vermeer Corporation
5. The Toro Company
6. Laney Directional Drilling
7. Nabors Industries Ltd
8. Herrenknecht AG
10. DRILLTO TRENCHLESS CO., LTD
The latest research report on the “Horizontal Directional Drilling (HDD) Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2028” provides a comprehensive assessment of the Horizontal Directional Drilling (HDD) market for the forecast period from 2020 to 2028, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Horizontal Directional Drilling (HDD) market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Horizontal Directional Drilling (HDD) Market in order to help decision makers with various strategic insights and future outlook. The Horizontal Directional Drilling (HDD) market is expected to witness continued growth during the forecast period from 2020 to 2028.
This is a professional and in-depth study on the current state of the Horizontal Directional Drilling (HDD) Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Horizontal Directional Drilling (HDD) Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Horizontal Directional Drilling (HDD) Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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