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CAN>LOC™ and CAN>GRIP™ Help Meet Demands of Multibillion Dollar HDD Market

The global horizontal directional drilling (HDD) market is expected to reach $14.95 billion by 2022, according to a recent report by Grand View Research, Inc. The HDD market has grown every year and growth will continue to be significant and bullish according to the report. The need for HDD for electrical and natural gas utilities is expected to remain steady, ensuring growth.1 Telecommunication, in particular, grows at a highly profitable rate since HDD is used for installation of cellular towers, cellular transmission lines, and fiber optic lines for the increasing demand for high-speed data transmission. HDD is used to connect underground pipes, wires, cables, and ducts with a trenchless underground drill technique that minimizes damage to infrastructure and environment. Fewer disturbances to commercial activities and traffic, less need for site rehabilitation, and less damage to natural habitats have increased demand for HDD. According to The Balance, a construction trade publication, HDD is safer and less vulnerable to weather issues than open trench work and is ideal for sites sensitive to disruptions like heavy traffic roadways and airport runways.2 To ... Read Full Post