MarketResearchNest.com
adds “Global Water Well Drilling Market
2019 by Company, Regions, Type and Application, Forecast to 2024”new report
to its research database.
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.
Scope of the Report:
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. For example, 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.
Housing starts in the early 2017 remained strong, despite a
weakening economy. The water well drilling industry was mature and somewhat
overserved from both a manufacturing and distribution standpoint. Manufacturers
had excess capacity, and distributors were readily available to serve
contractors. The environmental business had been the source of most growth for
some years. Drillers who offered new and differentiated products were seeing
success in their marketing efforts. Increasing emphasis on service and quick
responses to customer needs was separating the firms that were growing from
those that were merely retaining their market share.
The global Water Well Drilling market is valued at 4260
million USD in 2018 and is expected to reach 5040 million USD by the end of
2024, growing at a CAGR of 2.9% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in
following years, especially in China, also fast growing India and Southeast
Asia regions.
North America, especially The United States, will still play
an important role which cannot be ignored. Any changes from United States might
affect the development trend of Water Well Drilling.
Europe also play important roles in global market, with
market size of xx million USD in 2019 and will be xx million USD in 2024, with
a CAGR of xx%.
This report studies the Water Well Drilling market status
and outlook of Global and major regions, from angles of players, countries,
product types and end industries; this report analyzes the top players in
global market, and splits the Water Well Drilling market by product type and
applications/end industries.
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Market Segment by
Companies, this report covers
·
Layne
·
Weninger Drilling, Llc
·
Tampa Well Drilling
·
Barco Well Service
·
Johnson Water Well Drilling
·
Nelson Drilling Company
·
Jackson Water Well
·
Craig Waterwell and Drilling Ltd
·
Mikes Drilling and Pump Service
·
Loman Drilling Inc
·
Jim Jeffers Well Drilling
·
Caster Drilling Enterprises
·
Bennett Water Well Drilling
·
Gordon and Sons
·
Casey well drilling
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with in-depth TOC @
Market Segment by
Type, covers
·
<4
Diameter
·
4~8
Diameter (8 not covered)
·
8~10Diameter
(10 not covered)
·
10"~12"
Diameter (12" not covered)
·
>12
Diameter
Market Segment by
Applications, can be divided into
·
Domestic
Use
·
Industrial
Use
·
Irrigation
·
Others
Market Segment by
Regions, regional analysis covers
·
North America (United States, Canada and Mexico)
·
Europe (Germany, France, UK, Russia and Italy)
·
Asia-Pacific (China, Japan, Korea, India and
Southeast Asia)
·
South America (Brazil, Argentina, Colombia)
·
Middle East and Africa (Saudi Arabia, UAE,
Egypt, Nigeria and South Africa)
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