The North America mini and midi horizontal directional drilling market size is estimated to reach USD 5.64 billion by 2030. The market is projected to grow at a CAGR of 5.9% from 2023 to 2030. The growing energy demand, particularly for natural gas, has prompted industry participants to process and employ highly efficient extraction techniques to obtain optimum yields. Increasing exploration and production activities in the region are anticipated to steer the horizontal directional drilling (HDD) industry, which is expected to further drive the demand for HDD over the forecast period.
The production and extraction of unconventional gases in the U. S. since 2006 has not only created a sustainable impact on the gas supply in North America but has also triggered fundamental changes in the oil & gas market. Shale reserves and tight gas are expected to account for most of the natural gas exploration from 2023 to 2030. This is expected to boost oil & gas drilling activities in the region using mini & midi HDD machines. The growing demand for broadband services in North America is expected to drive investment in the optical fiber cable network. The next-generation broadband technologies, such as FTTx and LTE, are expected to increase the deployment of optical fiber cables in the region.
The North America market for mini and midi HDD is projected to witness substantial growth owing to rising oil & gas exploration and rapid growth of the telecommunication industry. In addition, the presence of major players such as Barbco, Inc.; Creighton Rock Drill Ltd.; Direct Horizontal Drilling, Inc.; Vermeer Corporation; The Charles Machines Works, Inc. (Ditch Witch) is expected to strengthen the deployment of mini and midi HDD across North America.
The production and extraction of unconventional gases in the U. S. since 2006 has not only created a sustainable impact on the gas supply in North America but has also triggered fundamental changes in the oil & gas market. Shale reserves and tight gas are expected to account for most of the natural gas exploration from 2023 to 2030. This is expected to boost oil & gas drilling activities in the region using mini & midi HDD machines. The growing demand for broadband services in North America is expected to drive investment in the optical fiber cable network. The next-generation broadband technologies, such as FTTx and LTE, are expected to increase the deployment of optical fiber cables in the region.
The North America market for mini and midi HDD is projected to witness substantial growth owing to rising oil & gas exploration and rapid growth of the telecommunication industry. In addition, the presence of major players such as Barbco, Inc.; Creighton Rock Drill Ltd.; Direct Horizontal Drilling, Inc.; Vermeer Corporation; The Charles Machines Works, Inc. (Ditch Witch) is expected to strengthen the deployment of mini and midi HDD across North America.
North America Mini And Midi Horizontal Directional Drilling Market Report Highlights
- In terms of machine type, the utility vibratory plow segment held the largest revenue share of 26.40% in 2022 and is further expected to witness steady growth over the forecast period. This machine drills underground to install flexible conduits at an appropriate depth, creating a path to pull pipeline or fiber cable through. These machines are used in the telecommunication industry for fiber cable installation and in the O&G industry for pipeline installation
- In terms of region, the U. S. is projected to grow at the fastest CAGR of 6.3% throughout the forecast period. The region is expected to witness more than 500 offshore projects dedicated to petrochemical and refinery pipeline installations by 2027. The U. S. is North America's most significant seamless oil and tubular product consumer. The growth of offshore HDD machines and their ability to drill in increasing water depths has boosted the demand for mini & midi HDD machines. Mexico is likely to display a substantial growth rate during the projected period
- In terms of application, the offshore segment held the largest share of 67.90% in 2022 owing to increasing exploration and production of oil and gas from offshore fields. On May 1, 2023, QatarEnergy announced an expansion in its offshore oil exploration activities, which has necessitated the demand for HDD machines in Canada in collaboration with Exxon Mobil Corporation
- In terms of machine size, the mini segment is anticipated to register the fastest CAGR of 6.7% over the forecast period. Significant companies are involved in manufacturing mini-HDD machines specifically designed for smaller conduits and pipeline installations. In 2023, AT&T Intellectual Property collaborated with BlackRock, Inc. to install fiber optic internet cables in Florida metro areas. This project has necessitated the use of mini-HDD machines and aimed to expand their 5G wireless networks across the United States
- Based on parts type, the rigs segment held the largest revenue share of 32.40% in 2022 owing to the application of underground utility installation, which includes installation of pipelines, cables, and conduits without disturbing the surface in industries such as construction and telecommunication for infrastructural development
- In terms of tooling, the transition rod segment held the largest revenue share of 27.13% in 2022 due to its ability to effectively manage the lateral and torsional stresses generated during deep-hole RC drilling. Transition bars are used under the stress of HDD projects for stress redistribution. The HDD drive collars, chucks, and subs segment has emerged as the fastest-growing segment
- In terms of end-use, the oil & gas extraction segment held the largest revenue share of 33.86% in 2022. This growth is attributed to the application of HDD in oil and gas exploration and production from onshore fields for various exploration and production activities carried out in the region
Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 North America Mini and Midi Horizontal Directional Drilling Market Variables and Trends
Chapter 4 North America Mini & Midi Horizontal Directional Drilling Market: Machine Type Estimates & Trend Analysis
Chapter 5 North America Mini & Midi Horizontal Directional Drilling Market: Application Estimates & Trend Analysis
Chapter 6 North America Mini & Midi Horizontal Directional Drilling Market: Machine Size Estimates & Trend Analysis
Chapter 7 North America Mini & Midi Horizontal Directional Drilling Market: Parts Type Estimates & Trend Analysis
Chapter 8 North America Mini & Midi Horizontal Directional Drilling Market: Tooling Estimates & Trend Analysis
Chapter 9 North America Mini & Midi Horizontal Directional Drilling Market: End-use Estimates & Trend Analysis
Chapter 10 North America Mini & Midi Horizontal Directional Drilling Market: Regional Estimates & Trend Analysis
Chapter 11 North America Mini & Midi Horizontal Directional Drilling Market: Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Barbco, Inc.
- Creighton Rock Drill Ltd.
- Direct Horizontal Drilling, Inc.
- Ellingson Companies
- Ferguson Michiana Inc.
- Horizontal Technology, Inc.
- Inrock Drilling Systems, Incorporated
- Kondex Corporation U.S.A.
- Laney Directional Drilling Co.
- Mccloskey International
- Mclaughlin Group, Inc.
- Midwest Underground Technology, Inc.
- Prime Horizontal
- The Charles Machines Works, Inc. (Ditch Witch)
- The Toro Company
- Vector Magnetics LLC
- Vermeer Corporation
- Vision Directional Drilling
- Vmt Gmbh Gesellschaft Für Vermessungstechnik
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 108 |
| Published | August 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3.5 Billion |
| Forecasted Market Value ( USD | $ 5.64 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | North America |
| No. of Companies Mentioned | 19 |
