Water Well Drilling Market

Establishments engaged in water well drilling tend to be small, independent contractors. Even the industry leaders tend to be small, seldom generating more than $20 million in annual revenues. Some of the largest companies have diversified into other areas of construction or other types of drilling projects, such as oil, natural gas, and geothermal wells. The nation's water supply comes from surface sources such as lakes, rivers, and streams, in addition to vast underground aquifers. Groundwater has often been preferred over surface water for use in homes and industry because it is relatively inexpensive to develop and treat, it contains no sediment, its chemical quality remains constant, and facilities to develop it can be situated on small plots of ground. Of the 408 trillion gallons of water consumed daily in the United States in the early 2000s, nearly 20 percent was ground water. Contractors who drill wells to tap into underground water are largely dependent on new construction. In fact, community water mains and wells for single-family houses account for the vast majority of all business done by this industry. More than 15 million water wells provide 79.4 billion gallons of ground water daily to U.S. residents for community and single-family use, irrigation, livestock, and other agricultural, commercial, and industrial purposes. Irrigation accounted for the largest portion (60 billion gallons) of ground water usage. This Report covers special trade contractors primarily engaged in water well drilling. Establishments primarily engaged in drilling oil or gas field water intake wells on a contract or fee basis are classified in. Water Well Drilling Market contains market size and forecasts of Water Well Drilling in Global, including the following market information: Global Water Well Drilling Market Revenue, 2017-2022, 2023-2028, ($ millions) Global top five companies in 2021 (%) The global Water Well Drilling market was valued at 4894.7 million in 2021 and is projected to reach US$ 5967.3 million by 2028, at a CAGR of 2.9% during the forecast period. The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028. <4" Diameter Segment to Reach $ Million by 2028, with a % CAGR in next six years. The global key manufacturers of Water Well Drilling include Layne, Weninger Drilling, Llc, Tampa Well Drilling, Gordon and Sons, Barco Well Service, Johnson Water Well Drilling, Nelson Drilling Company, Jackson Water Well and Craig Waterwell & Drilling Ltd, etc. In 2021, the global top five players have a share approximately % in terms of revenue. We surveyed the Water Well Drilling companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment: Global Water Well Drilling Market, by Type, 2017-2022, 2023-2028 ($ millions) Global Water Well Drilling Market Segment Percentages, by Type, 2021 (%) <4" Diameter 4"~8" Diameter (8" not covered) 8"~10"Diameter (10" not covered) 10"~12" Diameter (12" not covered) >12" Diameter Global Water Well Drilling Market, by Application, 2017-2022, 2023-2028 ($ millions) Global Water Well Drilling Market Segment Percentages, by Application, 2021 (%) Domestic Use Industrial Use Irrigation Others Global Water Well Drilling Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) Global Water Well Drilling Market Segment Percentages, By Region and Country, 2021 (%) North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & Africa Competitor Analysis The report also provides analysis of leading market participants including: Key companies Water Well Drilling revenues in global market, 2017-2022 (estimated), ($ millions) Key companies Water Well Drilling revenues share in global market, 2021 (%) Further, the report presents profiles of competitors in the market, key players include: Layne Weninger Drilling, Llc Tampa Well Drilling Gordon and Sons Barco Well Service Johnson Water Well Drilling Nelson Drilling Company Jackson Water Well Craig Waterwell & Drilling Ltd Mikes Drilling & Pump Service Loman Drilling Inc Jim Jeffers Well Drilling Caster Drilling Enterprises Bennett Water Well Drilling Casey well drilling