PUBLISHER: TechSci Research | PRODUCT CODE: 1348617
PUBLISHER: TechSci Research | PRODUCT CODE: 1348617
Water Well Drilling Rig Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Drilling Method, By Drilling Technology, By End-Use, By Region Competition
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Global Water Well Drilling Rig Market is anticipated to grow at a robust pace in the forecast period 2022-2028. The primary factors for the expanding water well drilling rig market are the increase in drilling operations and rising demand for water exploration projects. Cool and clear water is valuable, and life depends on it. The water that dwells underground is the cleanest on earth. No other source of fresh water is as copious either. Groundwater makes up more than 97% of the planet's liquid freshwater. Drillers of modern water wells serve as both providers and defenders of the country's groundwater resources. To access various groundwater formations, several drilling techniques are employed.
Rising Drilling Operations & Need for Water Exploration
The expanding infrastructure investment and encouraging mining exploration projects present water well drilling rigs with attractive growth prospects. These elements boost the market's demand for water well drilling rigs within the anticipated time frame. Water jets are used in coal mining to dismantle coal scams and remove sediments from the frauds. Around 250 liters of fresh water are required for every ton of coal produced.
| Market Overview | |
|---|---|
| Forecast Period | 2024-2028 |
| Market Size 2022 | USD 4.48 Billion |
| Market Size 2028 | USD 6.62 Billion |
| CAGR (2023-2028) | 4.7% |
| Fastest Growing Segment | Horizontal/Directional Drilling |
| Largest Market | North America |
For instance, India has 344.02 billion tons of total coal resources. India's commercial primary energy consumption has increased by 700% over the last forty years. Expanding economies, growing populations, and improving quality of life are the leading causes of the rise in energy consumption. To support ongoing and future coal mine operations, the government wants to integrate new technologies and expand digital infrastructure, which will lessen the nation's import dependence, due to which the market is expected to rise.
People continue digging wells in several locations worldwide, as they have done for countless ages. Additionally, water wells are bored or driven. However, the advancement of contemporary water well drilling has led to the practical significance of groundwater in the current world.
Adoption of the Latest Tools and Technologies is Driving the Market
The important competitive analysis variables that fuel the need for water well drilling rigs over the forecast period include securing more drilling contracts, growing present business, and implementing divergent company strategies to expand the market.
After a challenging 2020, the rebound in oil and gas demand benefits drilling activities. A 12% rise from 2020 levels, Rystad Energy anticipated that 54,000 wells will be drilled globally in 2021. Drilling will likely rise much further in 2022. As the world is moving towards drilling operations, the global water well drilling rig market is anticipated to grow in the forecast period.
Nowadays, drillers are using latest technologies and tools to enhance water exploration worldwide, due to which well logging is a method used for survey of underground water in water wells. Mapping is used for water well design and construction, hence as new technologies are coming up in the market, Global Water Well Drilling Rig Market is anticipated to grow with a high CAGR in 2023-2028.
High Cost of Drilling Equipment
However, rocky terrain requires a tricky drill bit, with more equipment costs and maintenance expenses. As a result, water well drilling rigs face challenges in the anticipated time frame.
Market Segmentation
The Global Water Well Drilling Rig Market is segmented into drilling method, drilling technology, end-use. Based on drilling method, market is segmented into rotary drill, Cable tool Drill, down the hole drill, others. Based on drilling technology, market is segmented into horizontal directional drilling and vertical drilling. Based on end-use, market is segmented into oil & gas, irrigation, mining, and others.
Market Players
The main market players in the Global Water Well Drilling Rig Market are Simco Drilling Equipment, Inc. Massenza Drilling Rigs, Epiroc, Lone Star Drills, Fraste S.p.A., Sunmoy Technology Co., Ltd., Dando Drilling International, PRD Rigs, Hardab, Koken Boring Machine Co., Ltd., Drillmec, and Caster Drilling Enterprises.
Report Scope:
In this report, Global Water Well Drilling Rig Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Water Well Drilling Rig Market, By Drill Method:
- Rotary Drill
- Down the Hole Drill
- Cable Tool Drill
- Others
Water Well Drilling Rig Market, By Drilling Technology:
- Horizontal Directional Drilling
- Vertical Drilling
Water Well Drilling Rig Market, By End-use:
- Oil & Gas
- Irrigation
- Mining
- Others
Water Well Drilling Rig Market, By Region:
- North America
- U.S
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- South America
- Brazil
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Water Well Drilling Rig Market.
Available Customizations
Global Water Well Drilling Rig Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 Global Water Well Drilling Rig Market
4. Executive Summary
5. Voice of Customers
6. Global Water Well Drilling Rig Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Drilling Method (Rotary Drill, Cable tool Drill, Down the Hole Drill, and Others)
- 6.2.2. By Drilling Technology (Horizontal Directional Drilling and Vertical Drilling)
- 6.2.3. By End-Use (Oil & Gas, Irrigation, Mining and Others)
- 6.2.4. By Region
- 6.2.5. By Company
- 6.3. Market Map
7. North America Water Well Drilling Rig Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Drilling Method
- 7.2.2. By Drilling Technology
- 7.2.3. By End-Use
- 7.2.4. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Water Well Drilling Rig Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Drilling Method
- 7.3.1.2.2. By Drilling Technology
- 7.3.1.2.3. By End-User
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Canada Water Well Drilling Rig Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Drilling Method
- 7.3.2.2.2. By Drilling Technology
- 7.3.2.2.3. By End-User
- 7.3.2.1. Market Size & Forecast
- 7.3.3. Mexico Water Well Drilling Rig Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Drilling Method
- 7.3.3.2.2. By Drilling Technology
- 7.3.3.2.3. By End-User
- 7.3.3.1. Market Size & Forecast
- 7.3.1. United States Water Well Drilling Rig Market Outlook
8. Asia-Pacific Water Well Drilling Rig Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Drilling Method
- 8.2.2. By Drilling Technology
- 8.2.3. By End-Use
- 8.2.4. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Water Well Drilling Rig Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Drilling Method
- 8.3.1.2.2. By Drilling Technology
- 8.3.1.2.3. By End-User
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Water Well Drilling Rig Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Drilling Method
- 8.3.2.2.2. By Drilling Technology
- 8.3.2.2.3. By End-User
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Water Well Drilling Rig Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Drilling Method
- 8.3.3.2.2. By Drilling Technology
- 8.3.3.2.3. By End-User
- 8.3.3.1. Market Size & Forecast
- 8.3.4. Australia Water Well Drilling Rig Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Drilling Method
- 8.3.4.2.2. By Drilling Technology
- 8.3.4.2.3. By End-User
- 8.3.4.1. Market Size & Forecast
- 8.3.1. China Water Well Drilling Rig Market Outlook
9. South America Water Well Drilling Rig Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Drilling Method
- 9.2.2. By Drilling Technology
- 9.2.3. By End-Use
- 9.2.4. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Water Well Drilling Rig Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Drilling Method
- 9.3.1.2.2. By Drilling Technology
- 9.3.1.2.3. By End-User
- 9.3.1.1. Market Size & Forecast
- 9.3.1. Brazil Water Well Drilling Rig Market Outlook
10. Europe Water Well Drilling Rig Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Drilling Method
- 10.2.2. By Drilling Technology
- 10.2.3. By End-Use
- 10.2.4. By Country
- 10.3. Europe: Country Analysis
- 10.3.1. Germany Water Well Drilling Rig Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Drilling Method
- 10.3.1.2.2. By Drilling Technology
- 10.3.1.2.3. By End-User
- 10.3.1.1. Market Size & Forecast
- 10.3.2. United Kingdom Water Well Drilling Rig Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Drilling Method
- 10.3.2.2.2. By Drilling Technology
- 10.3.2.2.3. By End-User
- 10.3.2.1. Market Size & Forecast
- 10.3.3. France Water Well Drilling Rig Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Drilling Method
- 10.3.3.2.2. By Drilling Technology
- 10.3.3.2.3. By End-User
- 10.3.3.1. Market Size & Forecast
- 10.3.4. Spain Water Well Drilling Rig Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Drilling Method
- 10.3.4.2.2. By Drilling Technology
- 10.3.4.2.3. By End-User
- 10.3.4.1. Market Size & Forecast
- 10.3.5. Italy Water Well Drilling Rig Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Drilling Method
- 10.3.5.2.2. By Drilling Technology
- 10.3.5.2.3. By End-User
- 10.3.5.1. Market Size & Forecast
- 10.3.6. Russia Water Well Drilling Rig Market Outlook
- 10.3.6.1. Market Size & Forecast
- 10.3.6.1.1. By Value
- 10.3.6.2. Market Share & Forecast
- 10.3.6.2.1. By Drilling Method
- 10.3.6.2.2. By Drilling Technology
- 10.3.6.2.3. By End-User
- 10.3.6.1. Market Size & Forecast
- 10.3.1. Germany Water Well Drilling Rig Market Outlook
11. Middle East & Africa Water Well Drilling Rig Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Drilling Method
- 11.2.2. By Drilling Technology
- 11.2.3. By End-Use
- 11.2.4. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Water Well Drilling Rig Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Drilling Method
- 11.3.1.2.2. By Drilling Technology
- 11.3.1.2.3. By End-User
- 11.3.1.1. Market Size & Forecast
- 11.3.2. South Africa Water Well Drilling Rig Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Drilling Method
- 11.3.2.2.2. By Drilling Technology
- 11.3.2.2.3. By End-User
- 11.3.2.1. Market Size & Forecast
- 11.3.3. UAE Water Well Drilling Rig Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Drilling Method
- 11.3.3.2.2. By Drilling Technology
- 11.3.3.2.3. By End-User
- 11.3.3.1. Market Size & Forecast
- 11.3.1. Saudi Arabia Water Well Drilling Rig Market Outlook
12. Market Dynamics
13. Market Trends & Developments
14. Company Profiles
- 14.1. Simco Drilling Equipment, Inc.
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/Services
- 14.2. Massenza Drilling Rigs, Epiroc
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. Lone Star Drills, Fraste S.p.A.
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. Sunmoy Technology Co., Ltd.
- 14.4.1. Business Overview
- 14.4.2. Key Revenue and Financials
- 14.4.3. Recent Developments
- 14.4.4. Key Personnel
- 14.4.5. Key Product/Services
- 14.5. Dando Drilling International
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.6. PRD Rigs
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. Hardab
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. Koken Boring Machine Co., Ltd.
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Drillmec
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. Caster Drilling Enterprises.
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
15. Strategic Recommendations
16. About Us & Disclaimer
