Tag: Kuwait

Horizontal Directional Drilling Market Worth $17.6 Billion By 2025

The global horizontal directional drilling market size is estimated to reach USD 17.6 billion by 2025, according to a new report by Grand View Research, Inc., progress at a CAGR of 13.2% during the forecast period. Growing emphasis on adopting environment-friendly trenchless technologies globally is driving the HDD market, as this drilling technique is turning out to be one of the most critical subsurface construction methods for developing, maintaining, and replacing underground infrastructure.

Horizontal directional drilling has proved to be more convenient and environment-friendly as compared to conventional vertical maneuvering method. It is ideal for installing cables, conduits, and pipes for short-distance as well as long-distance projects and even at deeper depths.

Launch of newer generations of cellular networking technology, such as 4G and 5G, has increased the demand for capable transmission systems. As a result, horizontal directional drilling setups are increasingly being deployed for installing new telecommunication transmission lines. Besides this, burgeoning demand for suitably-diffused distribution of electricity and natural gas from high-capacity intrastate and interstate lines and pipelines is also anticipated to propel the global horizontal directional drilling services market.

With the help of HDD rigs and other machines, significant volumes of oil and gas can be extracted from reservoirs, located as deep as 10,000 feet while causing a minimal impact on the environment. Moreover, HDD setup consumes lesser space, thereby making it ideal for situations where projects are located in congested areas and need to be completed in a short span of time.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/horizontal-directional-drilling-hdd-market

Further key findings from the report suggest:

  • The HDD midi rigs segment is projected to exhibit a CAGR of more than 4.0% during the forecast period
  • Onshore HDD services business was valued at over USD 3 billion in 2018
  • By 2025, the telecommunication segment is poised to hold a revenue share of over 25.0% of the global HDD services market
  • North America accounted for the largest revenue share in the horizontal directional drilling (HDD) market in 2018. It is likely to retain its position through 2025
  • The key players in the global horizontal directional drilling machines market include Ditch Witch; Vermeer Corporation; Ellingson Companies; and American Augers, Inc.
  • Some of the major HDD service providers are Nabors Industries Ltd., UEA, Herrenknecht AG, and Laney Directional Drilling.

Heavy Duty Road Filtration Aftermarket Industry Worth $1.01 Billion By 2024

The heavy duty road filtration aftermarket industry is expected to reach USD 1.01 billion by 2024, according to a new report by Grand View Research, Inc. Rising environmental concern across countries coupled with new norms issued by the government is expected to aid the aftermarket sales for heavy duty road filtration products over the forecast period.

To curb the alarming effect of air pollution, regulatory agencies has prescribed norms & tests against the automobiles. Filters used in these vehicles are an effective way to prevent these pollutions. As a result, these rules and regulations are mainly intended to ensure the proper functioning of emission systems.

Aftermarket sales of heavy-duty on-road transportation have the ability to curb the sulfur dioxide emissions levels. However, high cost associated with OEM filters is anticipated to be the major restraining factor for the overall market over the next eight years. Nevertheless, research and innovations are being carried out that would have the ability to reduce the amount of time and money, taken during manufacturing and testing sessions.

Special techniques along with expertise are also required for the installation and maintenance of aftermarket filters. Also, special attention has to be taken by vehicle owners when they tend to select filters which would match with their vehicles. Companies such as Donaldson and Clarcor are spreading awareness and technical support reach to customers that give them a better idea towards filter usage in their vehicles.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/heavy-duty-road-filtration-aftermarket-industry

Further key findings from the report suggest:

  • Fuel filters are presumed to be the fastest growing product segment growing at a CAGR of 7.1% over the forecast period. The role of fuel filters is mainly to collect contaminants, debris and moisture in the fuel system that allows the clean filtered fuel to enter the engine.
  • Construction application segment is presumed to grow at a CAGR of 7.1% over the next eight years. Various filter types are used in construction machines that primarily protect their hydraulic systems against unnecessary wear.
  • Europe accounted for above 25% of the market in 2015 and is expected to continue the similar trend over the forecast period. Though the European aftermarket for heavy duty filtration is declining owing to changing economic conditions in Spain and France, it still holds a majority portion of the production of automotive and hence, the aftermarket sales.
  • The industry is fragmented in nature with the presence of both regional and international market participants. This had resulted in increased competition between the manufacturers and the distributors also.
  • Key companies in the industry include Cummins Filtration. MANN+Hummel, UTI Filters, Parker Hannifin Corporation, Donaldson, and SOFEGI Group.