HDD Market (Horizontal Directional Drilling) to Grow at 6.85% CAGR by 2022 Says A New Research Report at ReportsnReports.com

PUNE, India, June 16, 2017 /PRNewswire/ --

Horizontal Directional Drilling (HDD) Market report is 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 America). The Global HDD 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. Among the regions, Asia Pacific is predicted to advance at the highest rate, mainly driven by increase in infrastructure expenditure coupled with growing telecom industry and oil and gas projects.

Browse 75 Tables and Figures, 10 Companies Profiles spread across 140 pages at http://www.reportsnreports.com/reports/1054132-global-horizontal-directional-drilling-hdd-market-analysis-by-type-maxi-hdd-midi-hdd-mini-hdd-by-application-construction-telecommunication-oil-and-gas-others-by-region-by-country-opportunities-and-f-th-africa.html.  

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. 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.