The Global Horizontal Directional Drilling Market size was valued at around USD 8.22 billion in 2023 and is estimated to grow at a CAGR of about 9.22% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global Horizontal Directional Drilling Market Driver:
Market Expansion to be Driven by Telecommunication and Oil & Gas Sectors – Horizontal directional drilling is used in the utility, oil & gas, and telecommunications industries. High-speed broadband and cable service providers are actively expanding their networks to meet the increasing demand for these services. Furthermore, the deployment of fiber-optic and telecom lines to support 3G, 4G, and 5G networks has had a significant impact on the Horizontal Directional Drilling Market.
Moreover, conventional drilling methods are being phased out in favor of techniques that provide greater control & precision, resulting in increased oil production. Organic-rich shales are being converted into highly productive gas wells using horizontal directional drilling & hydraulic fracturing techniques. Also, HDD allows access to oil & gas reserves in areas that vertical drilling methods cannot reach. As a result, the expansion of the telecom, oil & gas industries is expected to be a driving force behind the expansion of the HDD market.
Download a free sample copy of the Report: https://www.marknteladvisors.com/query/request-sample/horizontal-directional-drilling-market.html
Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Browse Full Report including(TOC+ List of Table and Figures): https://www.marknteladvisors.com/research-library/horizontal-directional-drilling-market.html
Global Horizontal Directional Drilling Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Conventional-Market Size & Forecast 2019-2030F, USD Million
- Rotary Steerable System- Market Size & Forecast 2019-2030F, USD Million
- By Application
- Onshore- Market Size & Forecast 2019-2030F, USD Million
- Offshore- Market Size & Forecast 2019-2030F, USD Million
- By Services
- Rotary Steerable System (RSS)- Market Size & Forecast 2019-2030F, USD Million
- Logging-While-Drilling – Market Size & Forecast 2019-2030F, USD Million
- Measurement- While- Drilling (MWD) & Survey- Market Size & Forecast 2019-2030F, USD Million
- Motors (MUD)Motors- Market Size & Forecast 2019-2030F, USD Million
- Others- Market Size & Forecast 2019-2030F, USD Million
- By End User
- Oil & Gas- Market Size & Forecast 2019-2030F, USD Million
- Utility- Market Size & Forecast 2019-2030F, USD Million
- Telecommunication- Market Size & Forecast 2019-2030F, USD Million
- Others- Market Size & Forecast 2019-2030F, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Vermeer Corporation, American Augers, Barbco Inc., Creighton Rock Drill Ltd., Laney Drilling, Mclaughlin Boring Systems, Horizontal Technology Inc., Ferguson Michiana Inc., Herrenknecht Ag, Vector Magnetic LLC, Jindal Drilling and Industries Ltd., Scientific Drilling International, Cathedral Energy Services, and Others are looking forward to strengthening their market positions.
Have questions? Our consultant is ready to assist: https://www.marknteladvisors.com/query/talk-to-our-consultant/horizontal-directional-drilling-market.html
Data-Driven Insights Backed by Proven Research
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us
MarkNtel Advisors
Email: sales@marknteladvisors.com
Website: www.marknteladvisors.com
Latest Press Release – https://www.marknteladvisors.com/press-release
