The telecommunication segment is anticipated to grow at a significant CAGR during the forecast period. Furthermore, the requirement to address the escalating prices of oil exploration and production activities on unexplored areas is likely to contribute to the segment's dominance. The well-established infrastructure creates a high demand for boring rigs, contributing to the oil and gas extraction segment's large market share. The oil and gas extraction segment led the market and accounted for over 35.0% of the global volume share in 2022. The end-use segment consists of oil & gas excavation, utility, telecommunication, and others. The advantages of employing horizontal directional drilling fasteners in the utility, communications industries, and oil and gas, include increased stability, better device management, and treatment and monitoring outcomes. As a result, both producers of horizontal directional drilling machines and service providers have a strong market position.įurthermore, the growing demand for distribution of natural gas and electricity from middle and upper pipeline lines is likely to boost the market over the forecast period. Furthermore, many mid-sized businesses use service providers for full-service projects. The industry growth prospects are dependent on substantial investments by the US government, as the equipment required for trenchless boring is much more expensive than standard open-cut methods.Ĭustomers prefer to rent the whole setup from contractors because the setups are expensive. The horizontal directional drilling technique has evolved as one of the most popular trenchless drilling technologies. is expected to witness significant growth over the forecast period. Other factors contributing to market expansion include growing increasing investments and utility installations in shale gas development projects, as well as rising expenditures directed at various developments throughout the telecom industry to provide high-speed connectivity. The horizontal directional drilling (HDD) technique is utilized to precisely carry out drilling operations and reverse ream the appropriate pipe, avoiding numerous obstructions on the path while causing minimal collateral harm to subterranean ecosystems. From these locations we are well positioned to mobilise our equipment and personnel quickly and cost-efficiently to project locations throughout the Asia Pacific region.The global horizontal directional drilling market size was estimated at 7.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.0% from 2023 to 2030. The company’s headquarters and marine services base are located in Singapore while the main HDD equipment storage and maintenance facility is based in Thailand. TIPL’s leadership and project management teams comprise highly skilled professionals with a wealth of HDD project experience. Thaitan Drilling (based in Thailand) owns and operates a growing fleet of HDD rig spreads in the region and has an extensive HDD project track record. Kim Heng (based in Singapore) owns a large fleet of multi-purpose barges and support vessels and has a strong fabrication, procurement, logistics and project management capability. TIPL is able to draw on the combined expertise, equipment and experience of both partners to offer our customers a full range of HDD services for oil & gas, power, telecommunications and water projects, both onshore and offshore. We are an ambitious, dynamic, customer focused company, constantly striving to improve our performance and exceed the expectations of our customers and other stakeholders. From these locations we are well positioned to mobilise our equipment and personnel quickly and cost-efficiently to project locations throughout the Asia Pacific region. Ltd., a partnership which had been formed to provide customers in the energy and utilities sectors with a complete, integrated package of Horizontal Directional Drilling (HDD) services. (TIPL) was officially established in Singapore in November 2020 with the incorporation of an existing joint venture between Thaitan Drilling Co.
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