About Water Well Drilling
A drilled well contains of a hole bored into the ground, with the upper part being lined with covering. The covering prevents the collapse of the borehole walls and with a drive shoe or grout seal avoids surface or subsurface impurities from entering the water supply. The covering/casing also delivers a housing for a pumping mechanism and for the pipe that transfers water from the pump to the surface. A well involves of a bottom sump, well screen, and well casing (pipe) surrounded by a grit pack and suitable surface and borehole seals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Water Well Drilling market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dando Drilling International (United Kingdom), Granite Construction (United States), Barco Well Service, LP (United States), Mikes Drilling & Pump Service (United States), Weninger Drilling LLC (United States), Caster Drilling Enterprises (United States), Bennett Water Well Drilling (United States), Tampa Well Drilling (United States), PRD Rigs (India), Barco Well Service (United States), Jackson Water Well (United States), Johnson Water Well Drilling (United States), Jim Jeffers Well Drilling (United States) and Epiroc Mining India Limited (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Dhiraj Rigs Pvt. Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Water Well Drilling market by , Application (Domestic Use, Industrial Use, Irrigation and Others) and Region.
On the basis of geography, the market of Water Well Drilling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Equipment [Rig, Mud pump, Drilling Tools, Truck and Others] will boost the Water Well Drilling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drilling Method, the sub-segment i.e. Rotary Drilling will boost the Water Well Drilling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Development in Water Well Drilling Equipment
Market Growth Drivers:
Increasing Demand for Drilling and Boring From Construction, Mining & Agriculture Sector and Increasing Government Initiatives in Construction Sectors
Challenges:
High Cost Related to the Equipment used in Water Well Drilling
Opportunities:
Growing Construction Industries in Developing Countries
Market Leaders and their expansionary development strategies
In July 2023, The Water Well Trust (WWT), a national nonprofit helping rural Americans get access to a clean, safe water supply, has partnered with H2Alabama, a nonprofit organization that provides clean water to families in rural Alabama, to help fund the construction of water wells in Alabama's Black Belt region.
In August 2023, The Groundwater Foundation is launching its new nationwide grant program, Water Well Wish. Water Well Wish will provide grants to low-income individuals to repair or replace private water wells at no cost to the recipient.
Key Target Audience
Manufacturers of Water Well Drilling Equipment, Suppliers of Water Well Drilling Equipment, Service Providers of Water Well Drilling, Wholesalers, Distributors and Retailers of Water Well Drilling Equipment, Mining Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.