Global Horizontal Directional Drilling (HDD) Market By Type (Machines, Services), By Application (Onshore, Offshore) By End-user (Oil & Gas, Energy & Utility (Water, Gas, Oil Products & Power Distribution), Telecommunication, Other): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Market Insights:

The Horizontal Directional Drilling (HDD) market is expected to cross market value of USD 18,000 million in 2027 from USD 7,500 million in 2020. It is expected to grow at a CAGR of over 12.5% during the forecast period.

Horizontal Directional Drilling (HDD) Market

Horizontal Directional Drilling (HDD) is one of the most popular trenchless technique used for the horizontal drilling and installation of pipes and cables. Horizontal Directional Drilling (HDD) offers high level precision while installing horizontal pipes and cable both offshore and onshore. This report titled “Global Horizontal Directional Drilling (HDD) Market” from Credence Research offer very detailed and accurate insights on this industry.

Key Market Drivers and Restraints

This report covers very detailed analysis of major growth driving factors of growth Horizontal Directional Drilling (HDD) market. It also discusses the key factors affecting market growth for Horizontal Directional Drilling (HDD) industry and also helps to identify the key growth pockets.

Horizontal Directional Drilling (HDD) Market

Impact of COVID 19

COVID 19 has left very severe impact on the global Horizontal Directional Drilling (HDD) industry. It affected the sales of Horizontal Directional Drilling (HDD) machines as well as services and as result, global Horizontal Directional Drilling (HDD) market reported around 20% decline in its revenue as compared to 2019. However, with speedy recovery of most of the economies, most of the infrastructure projects have resumed. This in turn likely to restore the global Horizontal Directional Drilling (HDD) market to its pre COVID 19 level.

Horizontal Directional Drilling (HDD) Market

North America to Dominate the global Horizontal Directional Drilling market

The global Horizontal Directional Drilling (HDD) market covers the six regions with all major economies pertaining to it. The global Horizontal Directional Drilling (HDD) market report from Credence Research offers a detailed insight on key regional markets. North America dominated with over 35% share in 2020.

Horizontal Directional Drilling (HDD) Market

Global Horizontal Directional Drilling (HDD) Market is led by the offshore applications

Onshore and offshore are two major applications for Horizontal Directional Drilling (HDD). Offshore was major application for Horizontal Directional Drilling (HDD) in 2020. Huge demand for Horizontal Directional Drilling (HDD) in offshore applications can be attributed to strong demand from offshore oil & gas industry. However, onshore Horizontal Directional Drilling (HDD) is mainly performed for the energy/power transmission line and cables along with oil & gas pipes.  

Oil & Gas continue to dominate the global demand for Horizontal Directional Drilling (HDD) Machines as well as Services

Global Horizontal Directional Drilling (HDD) market is segmented based on end-user industries such as Energy & Utility (Water, Gas, Oil Products & Power Distribution), Telecommunication, Oil & Gas and Others. Over 40% share of the total revenue generated by the global Horizontal Directional Drilling (HDD) industry was streamed from the Oil & Gas industry.

Horizontal Directional Drilling (HDD) Market

Frequently asked questions about global Horizontal Directional Drilling (HDD) industry

  • What are the consequences of COVID 19 on global Horizontal Directional Drilling (HDD) industry?
    • Ans: The report offers in-depth consequences of COVID 19 on global Horizontal Directional Drilling (HDD) industry
  • Who are the top five players in the global Horizontal Directional Drilling (HDD) industry?
    • Ans: This report enlists the top five players on the basis of volume as well as revenue
  • Which is the fastest growing application market for global Horizontal Directional Drilling (HDD) industry?
    • Ans: This report provides details of fastest growing application market for Horizontal Directional Drilling (HDD) industry
  • Which is the leading regional market for global Horizontal Directional Drilling (HDD) industry?
    • Ans:  The report highlights most dominating as well as fastest growing economies for Horizontal Directional Drilling (HDD) industry
  • What will be the CAGR (2021 - 2027) of in global Horizontal Directional Drilling (HDD) industry?
    • Ans: The global Horizontal Directional Drilling (HDD) market report provide CAGR from 2021 to 2027
  • What was the volume and revenue of in global Horizontal Directional Drilling (HDD) industry in 2015?
    • Ans: This report provides detailed market size, share and growth for historical period from 2015 to 2020
  • Which are the growing technological trends in in global Horizontal Directional Drilling (HDD) industry?
    • Ans: The report helps to identify the key technological trends Horizontal Directional Drilling (HDD) industry across the world
  • Which are the major driving forces behind growth of global Horizontal Directional Drilling (HDD) industry?
    • Ans: The report covers all major factors fueling the growth of this industry
  • What are the key growth pockets within global Horizontal Directional Drilling (HDD) industry?
    • Ans: The report also reveals key growth pockets within global Horizontal Directional Drilling (HDD) industry
  • What are the attractive investment prepositions in the global Horizontal Directional Drilling (HDD) industry?
    • Ans: Global Horizontal Directional Drilling (HDD) market report provides key investment prepositions based on types, applications and regions
  • What are the key challenges faced by the industry participants in global Horizontal Directional Drilling (HDD) market?
    • Ans: This report answers major challenges being faced by the global Horizontal Directional Drilling (HDD) players
  • What is the competitive scenario in global Horizontal Directional Drilling (HDD) industry?
    • Ans: The report describes in detailed about current competitive scenario of Horizontal Directional Drilling (HDD) industry
  •  Which are the major production geographies?
    • Ans: The report covers the major production geographies for Horizontal Directional Drilling (HDD)
  • Who are the major regulatory bodies in global Horizontal Directional Drilling (HDD) industry?
    • Ans: The report provides insights related to major regulatory bodies in global Horizontal Directional Drilling (HDD) industry
  • Which are the major companies governing the global Horizontal Directional Drilling (HDD) industry?
    • Ans: This report enlists the top five players on the basis of volume as well as revenue
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Published Date:  Feb 2021
Category:  Energy Utilities
Report ID:   58995
Report Format:   PDF
Pages:   120
Rating:    4.1 (42)
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