Global HDD market is projected to display growth at a CAGR of 6.85% during 2017 – 2022

Date: 13 June 2017

The installation of utility segment such as power cables, sewer lines, water transmission lines coming under construction segment of HDD market accounts for major share and is followed by surging telecom industry with increasing applications.

Traditionally open cut method was used for these installations and for repairing of aged infrastructure. In today’s time trenchless technology is coming in picture with growing demand for HDD with minimal environmental impact and surface disruptions.
 
 - By Region (North America, Europe, Asia Pacific, RoW), By Country (U.S., Canada, Germany, UK, Australia, China, UAE, Brazil, South Africa)” global market is projected to display growth represented by a CAGR of 6.85% during 2017 – 2022, chiefly driven by increasing urbanization, rising population, growing awareness about minimally invasive techniques and increasing telecom industry.

Various mining and facility construction projects undergo various challenges such as installation of proper drainage pipes. These installations demand for appropriate HDD rig size as per installation requirement which further reduces the capital and maintenance costs. This implication of trenchless HDD method is boosted with growing construction industry. Setting up of water treatment plants and processing water to the ocean through single exit point on the seabed floor with the use of HDD eliminates the cost of laying pipeline on the ocean floor and provide power to remote offshore locations.

The report titled, GlobalHorizontal Directional Drilling (HDD) Market: Analysis By Type (Maxi HDD, MidiHDD,  Mini HDD), By Application(Construction, Telecommunication, Oil and Gas, Others), By Region, By Country:Opportunities and Forecast (2017-2022)  - By Region (North America, Europe, Asia Pacific, RoW), By Country (U.S., Canada, Germany, UK, Australia, China, UAE, Brazil, South Africa)” has covered and analysed the potential of Global Horizontal Directional Drilling Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global horizontal directional drilling market. 

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Horizontal Directional Drilling Market; By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, Germany, UK, Australia, China, UAE, Brazil and South Africa). 

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