In 2014 the horizontal directional drilling (HDD) market was around USD 5.12 billion. The requirement of installation of cellular tower and transmission system has been increasing for providing 4G and 5G telecom technology services to everybody.
In addition, The HDD industry is estimated to have a growth due to the requirement of utilities like natural gas and electricity distribution because of the safety of environment linked with HDD against traditional technology. Rising demand for safe and quick mode of data & voice transmission is leading the raise of HDD market in telecom sector.
Full research report on horizontal directional drilling (HDD) market analysis:
HDD technology allows accuracy and control by incorporating trenchless drill technique and dropping impact over the environment with low traffic disruption. Deep excavation is not needed in it for the pipeline installation and conduit hence cost reduction overall. The growth is estimated to be challenged due to un-skilled contractors and operators even though there is exposure to HDD.
There should be skilled operators who should be able to make correct selection of reaming device, drill heads and compatibly drill fluid with encountered conditions for the job. On-the-job training is provided for the qualification of the operators to operate HDD equipments. The market is bifurcated in end users and regions.
Request for sample of this research report:
Construction of pipeline is inseparable from HDD technology now. HDD technology is economic and environment friendly. Hence it is applied for crossing traffic ways & underneath rivers, flood protection dams, foundations of buildings, topographic obstacles like city areas, nature reserves, mountain zones, orthogonal situated hills & rims, rock ridges, and non-crossable terrains.
End-user industry of HDD market can be divided into telecommunication, utilities, and others. Utility includes gas, water and power distribution and had overall revenue more than 55% in 2014. HDD is used for aforesaid applications to install underground waterways, cables, and pipes. Permanent damage to the environment is avoided as it gives trenchless drill technique.
Telecommunication is estimated to be the most profitable application with CAGR nearing to 15% from 2015 to 2022. The market is estimated to grow with the high demand of telecommunication lines and optic fibbers for high speed broadband. North America HDD market had more than 30% revenue in 2014. Asia Pacific HDD market is estimated to grow considerably at nearing to CAGR 15% from 2015 to 2022.
The major players of the market are Vision Directional Drilling, Southeast Directional Drilling, Nabors Industries, Ferguson Michiana, etc. They are innovating versatile equipments which can be utilized for multi-applications.
View more reports of this category by Grand View Research at:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
Country: United States