Published On : 20 Jun 2017
QYResearchReports has added a report, titled “Global Horizontal Directional Drilling Market 2017 Industry Research Report,” to its expansive database of market research reports. The report identifies the growing demand from telecommunication sector as the chief reasons for the growth of the global horizontal directional drilling (HDD) market. With the vision of providing customers with 4G and 5G services, teelcom companies have started taking the efforts towards achieving this goal and therefore the demand for the installation for cellular towers has propelled in recent times. This is boosting the demand for horizontal directional drilling.
The growing demand from mining sector and construction facilities will drive the market towards growth. Mining and facility construction projects often face various challenges for installing drainage pipes properly. The need for installing these pipes create a demand for horizontal directional drilling which also results in reduced cost. The maintenance cost of horizontal directional drilling is also very low and thus, the coming years will continue to see a high demand for HDD worldwide.
The global horizontal directional drilling (HDD) market is also fueled by the steady demand from utilities sector, including electricity, distribution of natural gas, and others. The trenchless technique used by horizontal directional drilling for installing underground pipes, cables, and conduits has gained great popularity as it causes minimal damage to the topography of the surrounding area. The report discusses in detail not only the factors fueling the growth of the global horizontal directional drilling market but also those factors challenging or restricting the growth. The lack of contractor review for construction before the inception of project is one of the challenges faced by market players. The recent trends in the market and futuristic opportunities in the market have been identified and studied.
Get PDF of Research Summary Of The Repot: https://www.qyresearchreports.com/sample/sample.php?rep_id=1064819&type=E
The report segments the global HDD market on the basis of geography into Asia Pacific, North America, Europe, and the Rest of the World. It is estimated that the horizontal directional drilling in the Asia Pacific region will witness the highest growth rate during the forecast period. The paid growth in the horizontal directional drilling market in the region is attributed to the flourishing telecom industry and the growing number of oil and gas projects. Additionally, the increase in the number of infrastructure projects will also boost the market in Asia Pacific.
Key players operating in the global horizontal directional drilling market are: Vermeer, Ditch Witch, Universal HDD, and Midwest Underground. The report profiles key players and gives important information regarding these players such as, the strategies adopted by them and the recent developments by these players. The business and financial overview of each of the companies are also given. The information regarding mergers and acquisitions, collaborations, and partnerships is also included in the report.
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