The concept of directional drilling involves drilling wells at multiple angels (including vertical drilling), to reach the reserves. In Oil & Gas sector, directional drilling including HDD has advanced technologically in terms of drilling multiple holes. Today, a single vertical hole is drilled up to a certain depth, and from there the drill bits can be taken in multiple angular direction that runs parallel to the ground. This directional drilling helps in reducing environment impact which was high in case of multiple puncturing.
Improvements in drilling sensors and GOS (Global Positioning Systems) has helped attain immense improvements in horizontal directional drilling technology. Today, the drill bit angle can be controlled with high accuracy and real time data acquisition technologies. This helps in providing multiple solutions to drilling challenges like tool failure, mud extraction, and accurate angular movement to hit the reserve amongst others. The tools utilized to achieve directional drilling are whip-stocks, bottom-hole assembly (BHA) configurations, 3-D measuring devices, mud motors and specialized (diamond core) drill bits.
The tools and techniques used in horizontal direction drilling process in oil and gas industry have eventually led to this technology being applied into other end-use industries like telecommunications, energy & utilities, and electric transmission systems (underground) to connect underground pipelines, beach pull of underground pipelines, lay optic fiber cables, join existing cables with new fibers and duct laying amongst others. Earlier a trench was to be excavated to initiate drilling process including HDD. But now with the advent of technologies, HDD tools can be set up in a trenchless environment that has further minimized environmental impact. The trenchless technology allows obstacles like rivers, roads, terrain, mountains, roads & residential areas and other protection zones to be crossed underground. This underground pipeline is also better protected against external influences like surrounding pressure and natural calamities like earthquakes.
The components used for horizontal drilling in case of telecommunication cables, utilities, and electrical transmission set-up are similar to those utilized in oil well drilling rig. The drill pipe and down-hole tools are generally interchangeable. Drilling fluid is used throughout the operation to reduce friction and stabilize the hole from extremely high pressure built due to hole drilled. Except oil and gas sector, HDD utilized for other end–use industry sometimes use boring instead of drilling especially when machines are used to extract underground water. Otherwise, drilling is the common terminology used in case puncturing hole into the ground.
Based on the geographical segment, the region with largest market share of the horizontal directional drilling market was Asia Pacific (APAC) in 2023. Boom in mega construction and infrastructure projects, rapid urbanization, improving transportation and road facilities, high underground water extraction and rapidly expanding telecom industry are some of the major driving factors for the market growth in APAC. MEA is expected to follow after APAC on account of massive infrastructure development and oil and gas development in the GCC, South Africa, and other West African countries. North America and Europe are expected to have moderate growth rate and Latin America also expected to witness high growth rate during the forecast period.
Key players across the pile driving equipment’s value chain are:
Drillto Trenchless Co., Ltd., Prime Drilling GmbH, XCMG Group, Herrenknecht AG, Tracto Technique GmbH & Co. KG, Ditch Witch Ltd., Goodend Machines International, XCMG Group Co., Ltd., Zoomlion ElectroMech India Pvt. Ltd., CNH Industrial America LLC and DE/TXS Construction Equipment Co., Ltd. and Notable players.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Horizontal Directional Drilling (HDD) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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End-use Industry
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
