PUBLISHER: IMARC | PRODUCT CODE: 1347764
PUBLISHER: IMARC | PRODUCT CODE: 1347764
Water Well Drilling Services Market Reports by Method Type (Cable Tools Drilling and Auger Drilling, Rotary Drilling, and Others), Application (Residential, Irrigation, Institutional), and Region 2023-2028
Market Overview:
The global water well drilling services market size reached US$ 3,326 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 4,513 Million by 2028, exhibiting a growth rate (CAGR) of 5.30% during 2023-2028. The increasing water scarcity, growing infrastructural development projects, the implementation of various government initiatives to promote the use of groundwater, and rising demand for water well drilling services for agricultural and irrigation purposes represent some of the key factors driving the market.
Water well drilling services are professional services that involve the drilling or excavating a hole or well in the ground to access groundwater. A rotary, jetting, cable tool, and auger drilling are some of the common water well drilling methods. Water well drilling services are widely used by individuals, businesses, and communities that rely on groundwater as a source of drinking water or for various other purposes, such as irrigation, industrial use, or livestock watering. These services include site evacuation, well drilling, construction, development, pump installation, testing, and maintenance. As a result, water well drilling services find extensive application across the residential, commercial, agricultural, and industrial sectors.
Global Water Well Drilling Services Market Trends:
The increasing water scarcity across the globe is one of the key factors driving the market growth. Water well drilling services are widely used to access groundwater sources for residential, commercial, agricultural, and industrial purposes. In line with this, the increasing service demand to support the growing infrastructural development projects, including roads, airports, and resorts that require independent water supplies, is favoring the market growth. Moreover, the depletion of surface water sources, such as rivers and lakes, that are often overexploited or contaminated, leading to a need for alternative water sources, is acting as another growth-inducing factor. Apart from this, various advancements in technologies and techniques, such as improved drilling equipment, geophysical surveys, and well monitoring systems that help to enhance the efficiency, accuracy, and cost-effectiveness of water well drilling services, are providing an impetus to the market growth. Furthermore, the widespread adoption of water well drilling services to meet the increasing demand for water in areas where municipal water supply is insufficient or unreliable is contributing to the market growth. Besides this, the implementation of various government initiatives to promote the use of groundwater and incentivize the drilling of water wells to ensure water availability is propelling the market growth. Other factors, including widespread adoption in manufacturing, mining, and energy production industries, significant growth in the residential and commercial sectors, and increasing demand for water well drilling services for agricultural and irrigation purposes, are presenting remunerative growth opportunities for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global water well drilling services market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on drilling method type and application.
Method Type Insights:
Cable Tools Drilling and Auger Drilling
Rotary Drilling
Others
The report has provided a detailed breakup and analysis of the water well drilling services market based on the drilling method type. This includes cable tools drilling and auger drilling, rotary drilling, and others. According to the report, cable tools drilling and auger drilling represented the largest segment.
Application Insights:
Residential
Irrigation
Institutional
The report has provided a detailed breakup and analysis of the water well drilling services market based on the application. This includes residential, irrigation, and institutional. According to the report, residential represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for water well drilling services. Some of the factors driving the Asia Pacific water well drilling services market included increasing water scarcity, the implementation of various government initiatives, and rapid technological advancements.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the water well drilling services market. Detailed profiles of all major companies have been provided. Some of the companies covered include Barco Well Service LP, C&J Well Company, Casey Well Drilling, Caster Drilling, CRAIG Waterwell & Drilling Ltd., Gordon & Sons Water Well Drilling, Jackson Water Well, Johnson Water well Drilling, LOMAN Drilling Inc., Tampa Well Drilling, Inc., Weninger Drilling LLC, West Texas Water Well Service, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global water well drilling services market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global water well drilling services market?
- What is the impact of each driver, restraint, and opportunity on the global water well drilling services market?
- What are the key regional markets?
- Which countries represent the most attractive water well drilling services market?
- What is the breakup of the market based on the drilling method type?
- Which is the most attractive drilling method type in the water well drilling services market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the water well drilling services market?
- What is the competitive structure of the global water well drilling services market?
- Who are the key players/companies in the global water well drilling services market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Water Well Drilling Services Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Drilling Method Type
- 6.1 Cable Tools Drilling and Auger Drilling
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Rotary Drilling
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Residential
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Irrigation
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Institutional
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Barco Well Service LP
- 13.3.1.1 Company Overview
- 13.3.1.2 Services Offered
- 13.3.2 C&J Well Company
- 13.3.2.1 Company Overview
- 13.3.2.2 Services Offered
- 13.3.3 Casey Well Drilling
- 13.3.3.1 Company Overview
- 13.3.3.2 Services Offered
- 13.3.4 Caster Drilling
- 13.3.4.1 Company Overview
- 13.3.4.2 Services Offered
- 13.3.5 CRAIG Waterwell & Drilling Ltd.
- 13.3.5.1 Company Overview
- 13.3.5.2 Services Offered
- 13.3.6 Gordon & Sons Water Well Drilling
- 13.3.6.1 Company Overview
- 13.3.6.2 Services Offered
- 13.3.7 Jackson Water Well
- 13.3.7.1 Company Overview
- 13.3.7.2 Services Offered
- 13.3.8 Johnson Water well Drilling
- 13.3.8.1 Company Overview
- 13.3.8.2 Services Offered
- 13.3.9 LOMAN Drilling Inc.
- 13.3.9.1 Company Overview
- 13.3.9.2 Services Offered
- 13.3.10 Tampa Well Drilling, Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Services Offered
- 13.3.11 Weninger Drilling LLC
- 13.3.11.1 Company Overview
- 13.3.11.2 Services Offered
- 13.3.12 West Texas Water Well Service
- 13.3.12.1 Company Overview
- 13.3.12.2 Services Offered
- 13.3.1 Barco Well Service LP
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Water Well Drilling Services Market: Major Drivers and Challenges
- Figure 2: Global: Water Well Drilling Services Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Water Well Drilling Services Market: Breakup by Drilling Method Type (in %), 2022
- Figure 5: Global: Water Well Drilling Services Market: Breakup by Application (in %), 2022
- Figure 6: Global: Water Well Drilling Services Market: Breakup by Region (in %), 2022
- Figure 7: Global: Water Well Drilling Services (Cable Tools Drilling and Auger Drilling) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Water Well Drilling Services (Cable Tools Drilling and Auger Drilling) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Water Well Drilling Services (Rotary Drilling) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Water Well Drilling Services (Rotary Drilling) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Water Well Drilling Services (Other Drilling Method Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Water Well Drilling Services (Other Drilling Method Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Water Well Drilling Services (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Water Well Drilling Services (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Water Well Drilling Services (Irrigation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Water Well Drilling Services (Irrigation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Water Well Drilling Services (Institutional) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Water Well Drilling Services (Institutional) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: North America: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: North America: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: United States: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: United States: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Canada: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Canada: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Asia-Pacific: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Asia-Pacific: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: China: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: China: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Japan: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Japan: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: India: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: India: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: South Korea: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: South Korea: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Australia: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Australia: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Indonesia: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Indonesia: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Others: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Others: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Europe: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Europe: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Germany: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Germany: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: France: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: France: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United Kingdom: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United Kingdom: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Italy: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Italy: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Spain: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Spain: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Russia: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Russia: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Others: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Others: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Latin America: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Latin America: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Brazil: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Brazil: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Mexico: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Mexico: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Middle East and Africa: Water Well Drilling Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Middle East and Africa: Water Well Drilling Services Market: Breakup by Country (in %), 2022
- Figure 67: Middle East and Africa: Water Well Drilling Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Global: Water Well Drilling Services Industry: Drivers, Restraints, and Opportunities
- Figure 69: Global: Water Well Drilling Services Industry: Value Chain Analysis
- Figure 70: Global: Water Well Drilling Services Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Water Well Drilling Services Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Water Well Drilling Services Market Forecast: Breakup by Drilling Method Type (in Million US$), 2023-2028
- Table 3: Global: Water Well Drilling Services Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Water Well Drilling Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Water Well Drilling Services Market: Competitive Structure
- Table 6: Global: Water Well Drilling Services Market: Key Players
