Asia Pacific Horizontal Directional Drilling Market Size, Share & Industry Trends Analysis Report By Component, By Machine Type, By Machines Parts, By Rig Type, By Rigs Sales Type, By Application, By End-use, By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Horizontal Directional Drilling Market would witness market growth of 7.5% CAGR during the forecast period (2021-2027).
Horizontal directional drilling is mostly used for installing electrical conductors, supply lines, utility transmission and communication cables and conduits. The cross bore technology, which allows two or more pipes under the surface to connect, endangers the personnel in the directional boring business as well as the general public. This might be due to a lack of vision in detecting the track of drilling operations in subsurface sites.
Cross-bore intersections of multiple utilities can frequently result in explosions, causing injury and death. To avoid this, the Occupational Safety and Health Administration (OSHA) requires directional boring operators to inspect the drill route for structures suggesting subversive utility installations or any other impediments before drilling entry and exit holes in the specified places. Aside from that, the market is subject to a variety of environmental regulations that stress minimising the environmental effect of subterranean operations.
Horizontal Directional Drilling (HDD) has played a vital part in infrastructure development by allowing for the installation of new, subterranean pipeline systems in a cost-effective, practical, and ecologically responsible manner. HDD's adaptability allows it to be installed in a variety of environments, including hilly terrains, vast fields, and water crossings.
The China market dominated the Asia Pacific Horizontal Directional Drilling Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,059.1 million by 2027. The Japan market is anticipated to grow a CAGR of 6.8% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 8.1% during (2021 - 2027).
Based on Component, the market is segmented into Machines and Services. Based on Machine Type, the market is segmented into Rotary Steerable System and Conventional. Based on Machines Parts, the market is segmented into Rigs, Pipes, Bits, Reamers and Others. Based on Rig Type, the market is segmented into Midi, Mini, and Maxi. Based on Rig Type, the market is segmented into Midi, Mini, and Maxi. Based on Rigs Sales Type, the market is segmented into New sales and Aftermarket. Based on Application, the market is segmented into Onshore and Offshore. Based on End-use, the market is segmented into Oil & Gas Extraction, Utility, Telecommunication and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nabors Industries Ltd., NOV, Inc., Herrenknecht AG, Vermeer Corporation, Xuzhou Construction Machinery Group Co., Ltd., The Toro Company, Halliburton Company, Schlumberger N.V., Weatherford International PLC, and Baker Hughes Company.
Scope of the Study
Market Segments Covered in the Report:
- Machines and
By Machine Type
- Rotary Steerable System and
By Machine Parts
- Reamers and
By Rig Type
- Mini, and
By Rigs Sales Type
- New sales and
- Onshore and
By End Use
- Oil & Gas Extraction
- Telecommunication and
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Nabors Industries Ltd.
- NOV, Inc.
- Herrenknecht AG
- Vermeer Corporation
- Xuzhou Construction Machinery Group Co., Ltd.
- The Toro Company
- Halliburton Company
- Schlumberger N.V.
- Weatherford International PLC
- Baker Hughes Company
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