Overview and Scope
Water well drilling services refer to the process of drilling holes in the earth’s surface for the purpose of reaching a groundwater source. It offers water well construction services to a wide range of public and private downstream markets, including residential and commercial buildings public water supply infrastructure, repair and well construction.
Sizing and Forecast
The water well drilling services market size has grown steadily in recent years. It will grow from $18.54 billion in 2023 to $19.08 billion in 2024 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to increasing demand for freshwater sources, population growth and urbanization, depletion of surface water resources, agricultural expansion, industrial water requirements, government initiatives for water security.
The water well drilling services market size is expected to see steadily grown in the next few years. It will grow to $21.92 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to climate change impacts, rural water supply development, community and humanitarian projects, groundwater management regulations,environmental concerns and remediation. Major trends in the forecast period include technological innovations in drilling methods, adoption of advanced drilling technologies, integration of digitalization and data analytics, rural and remote area water access projects, focus on water quality testing and treatment.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/water-well-drilling-services-global-market-report
Segmentation & Regional Insights
The water well drilling services market covered in this report is segmented –
1) By Service Type: Drilling Type, Surface Casing Services, Pump Services, Environmental Well Services, Specialized Testing Services, Other Service Type
2) By Distribution Channel: Rotary Drilling, Cable Tools Drilling and Auger Drilling, Other Distribution Channel
3) By Application: Municipal Or Residential, Industrial, Agricultural, Other Application
Top 5 Major Players:
- Barco Well Service,
- Casey Well Drilling,
- Caster Drilling Enterprises,
- Craig waterwell and drilling Ltd.,
- Gordon & Sons Water Well Drilling
Asia-Pacific was the largest region in the water well drilling services market in 2023. The regions covered in the water well drilling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9557&type=smp
Major Driver Impacting Market Growth
Increasing irrigation activities is expected to propel the growth of the water well drilling services market going forward. Irrigation is the technique of artificially supplying water to the soil by tubes, pumps, and sprays. Water well drilling provides plenty of water for irrigating farms and also saves money on the energy bill, as it takes less energy to pump water from a well than to transport water from a municipal water supply. For instance, in July 2022, according to the Australian Bureau of Statistics, an independent government agency in Australia, 7.8 million megalitres of water were applied to crops and pastures in 2020-21, a 37% increase, while 1.9 million hectares of agricultural land were irrigated, a 28% increase. Therefore, increasing irrigation activities are driving the growth of the water well drilling services market.
Key Industry Players
Major companies operating in the water well drilling services market report are Barco Well Service, Casey Well Drilling, Caster Drilling Enterprises, Craig waterwell and drilling Ltd., Gordon & Sons Water Well Drilling, Jim Jeffers Well Drilling, Johnson Water Well Drilling, LOMAN Drilling Inc., Tampa Well Drilling, Weninger Drilling LLC, Boart Longyear, Orla Drilling Co. LLC, Gulf Inspection International Co., West Texas Water Well Service, Jackson Water Well Drilling & Service LLC., Layne Christensen Company, Simco Drilling Equipment Inc., Massenza Drilling Rigs, Energold Drilling Corp., Lone Star Drills, Dando Drilling, Sunmoy Technology Co.Ltd., Geodrill Limited, Foraco International SA, Koken Boring Machine Co.Ltd., Bucyrus International, Cabot Specialty Fluids Ltd., AMCOL International Corporation, Challenger Drilling Inc., Clearwater Drilling Ltd. .
The water well drilling services market report table of contents includes:
1. Executive Summary
2. Water Well Drilling Services Market Characteristics
3. Water Well Drilling Services Market Trends And Strategies
4. Water Well Drilling Services Market – Macro Economic Scenario
5. Global Water Well Drilling Services Market Size and Growth
….
31. Global Water Well Drilling Services Market Competitive Benchmarking
32. Global Water Well Drilling Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Water Well Drilling Services Market
34. Water Well Drilling Services Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Water Well Drilling Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Water Well Drilling Services Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Water Well Drilling Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Barco Well Service Financial Performance
Table 75: Casey Well Drilling Financial Performance
Table 76: Caster Drilling Enterprises Financial Performance
Table 77: Craig waterwell and drilling Ltd. Financial Performance
Table 78: Gordon & Sons Water Well Drilling Financial Performance
Explore the trending research reports from TBRC:
https://topprnews.com/womens-health-diagnostics-market-share/
https://topprnews.com/biosimilar-lymphocyte-modulator-market-share/
https://topprnews.com/critical-illness-insurance-market-trends/
https://goodprnews.com/womens-health-diagnostics-market-size/
https://goodprnews.com/biosimilar-lymphocyte-modulator-market-share/
https://goodprnews.com/critical-illness-insurance-market-size/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
