Horizontal Directional Drilling Market by Technology (Conventional, Rotary steerable system), by Location (Onshore, Offshore), by Parts (Rigs, Pipe, Bite, Reamers, Others), by End-user (Oil & Gas, Utility, Telecommunication, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032
The global horizontal directional drilling (HDD) market is estimated to be valued at USD 11.3 billion in 2023 and is projected to grow at a CAGR of 5.4% from 2023 to 2030. Horizontal Directional Drilling (HDD) is a trenchless method used to install underground utilities, including pipelines, cables, and conduits, without the need for extensive surface excavation. This technique is particularly advantageous for projects that cross roads, rivers, and environmentally sensitive areas, as it minimizes surface disruption and preserves existing infrastructure. The HDD process begins with a pilot hole being drilled along a predetermined path using a specialized drill rig. A drill bit is guided along this path, and the borehole's trajectory can be adjusted in real-time to navigate around obstacles and ensure the desired installation depth. Once the pilot hole is complete, the drilling fluid, often a mixture of water and clay, is circulated to cool the drill bit, stabilize the borehole, and facilitate the removal of cuttings. After the pilot hole is established, it is reamed to a larger diameter to accommodate the utility being installed. The final step involves pulling the utility line through the borehole using a pulling head attached to the drill rig, ensuring that the installation is secure and aligned correctly.
Technology:
Location:
Parts:
End-user:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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