Additionally, the widespread product adoption for surveying, designing and construction of underground cables for the installation of underground electrical telecommunication systems is favoring the market growth. HDD is widely used for hydraulic fracturing to increase the production of oil and natural gas from thin oil zones. A significant increase in the onshore and offshore oil and gas exploration activities is one of the key factors driving the growth of the market.Horizontal Directional Drilling Market Trends: As a result, it finds extensive application across various industries, such as telecommunication, oil and gas, power and utilities. HDD can also be conducted with minimal requirements while causing negligible soil contamination or damage to the landscape. HDD aids in increasing the contact between the reservoir and the wellbore and enhancing the overall efficiency, flexibility and cost-effectiveness.
Horizontal directional drilling price list install#
It involves the use of rigs, bites, beamers and pipes to accurately drill along the chosen bore path and install underground pipelines, electrical semiconductors, service conduits and cables. Horizontal directional drilling (HDD) refers to a trenchless drilling process that utilizes steerable motor assemblies for digging horizontal bores. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
The global horizontal directional drilling market size reached US$ 9.0 Billion in 2022.
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