North America Horizontal Directional Drilling Market Forecast (2024 – 2032)

North America Horizontal Directional Drilling market was valued at $XX Billion in 2021 and is expected to reach $XX Billion by 2029, growing at a CAGR of around 4.3% during the forecast period. The HDD industry in North America has experienced tremendous growth within the last decade. However, the development of acceptable operating standards and quality control and quality assurance procedures significantly lags behind the current utilization level of HDD. Tight oil and shale gas are emerging as an important new source of energy supply in the U.S and Canada.

Technological advancements in drilling such as long-reach horizontal well bores, and completion techniques, such as multi-stage hydraulic fracturing, are increasing the implementation of this service in the North American region. The digitization trend has been gradually adopted by both developed and developing countries worldwide, and cable and broadband providers strive to expand their networks to address the growing demand.

COVID-19 Impact on Horizontal cables in offshore