Water Well Drilling Equipment Market: Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Overview:

The development of groundwater resources has undergone a manifold acceleration during the past two decades. Organizations realize that to undertake the construction of various abstraction structures, it is essential to employ the most modern drilling equipment available. It is equally imperative to meet the demand for water, especially during the drinking water and sanitation decade, as well as to enhance the irrigational potential and industrial demands. Being a costly proposition, the machines used for the drilling work have to be used at optimum capacity. As any failure may add tremendous waste to the overall cost of operation, With the rapidly increasing need for water, it is essential to explore the vast underground water reservoir through water well drilling.

The water well drilling equipment market is primarily driven by the occurrence of distinctive geological frames around the world. The occurrence of groundwater in different formations is largely controlled by the geologic framework, including structure, composition, and characteristics of the rock. The majority of the rocks contain interstices, or open spaces, which control the occurrence of groundwater. The nature of these openings, their size, shape, degree of continuity, and distribution are not generally uniform. A promising demand for a wide range of drilling equipment offerings is credited to the intermittent structure of the earth. Another driving factor for the water well drilling equipment market is the test-drill method of groundwater investigation. Exploratory drilling and aquifer performance tests are the ultimate methods in any groundwater investigation. Since drilling, construction, and development of wells involve high expenditures, the final site for a well is selected after taking into consideration field data and interpretations made from hydrogeological surveys. With the growing number of test drills, demand for water well drilling equipment is expected to grow at a significant rate. With the high cost involved in the overall water well drilling process, the water well drilling equipment market is also emerging as a service industry by offering the overall drilling process as a service.

North America is leading the water well drilling equipment market as it is the most common location for water well drills. The growth of the water well drilling equipment market in this region is credited to its highly distinctive geological framework. Rapidly growing water demand due to the immense growth rate of the population and rapidly growing industrialization are the major reasons for the highest CAGR in the Asia-Pacific region. With a constant demand for water and changing climate conditions, the water well equipment market is expected to grow steadily over the forecast period.

The global water well drilling equipment market is segmented on the following basis:

Drilling Method

• • cable tool drill
  • Direct Rotary Drill
  • Reverse Circulation Drill
  • Down the Hole (DTH) Drill

Capacity Rating

• • Light (up to 150 meters)
  • Medium (150–450 meters)
  • Heavy (450– 1000 meters)
  • Ground Formation:
  • Sand
  • Clay
  • Gravel
  • Hard Rock

Geography

• North America
• U.S.
• rest of North America

Europe

• U.K.
• Germany
• France
• Rest of Europe

Asia Pacific

• Japan
• China
• South Asia
• Rest of Asia Pacific

Rest of the World (RoW)

• Latin America
• Middle East and Africa (MEA)

Key players identified in the global water well drilling equipment market include but are not limited to:

Nelson Industries, SIMCO Drilling Equipment, Inc., Kejr, Inc., Hydra-Fab Manufacturing, Inc., Dando Drilling International Ltd., Jewett Construction Co., Inc., Shandong Machinery Group Co., Ltd., Wuxi Jinfan Drilling Equipment Co., Ltd., Energold Drilling Corporation, Archway Engineering UK Ltd., Ausdrill International Pty Ltd., and others