Press release
Water Well Drilling Services Market Size is projected to reach $3.9 billion by 2027, registering a CAGR of 4.7% from 2021 to 2027
According to a new report published by Report Ocean, titled, “Water Well Drilling Services Market by Application, and drilling method types: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global water well drilling services market size was valued at $$2.8 billion in 2019, and is projected to reach $3.9 billion by 2027, registering a CAGR of 4.7% from 2021 to 2027.GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1349
Water well drilling services offering the service of drilling a hole in the ground to make water well or borewell. These water well drilling services are provided to various sectors industrial sectors, agricultural sectors, household sectors, commercial sectors, educational sector, and others for various uses. There are different types of water well drilling methods that include rotary method, jetting method, cable tool method, auger drilling method and others.
The lockdown scenario caused due to the COVID-19 pandemic has caused the water well drilling services market to witness loss in their business. This is because the activities of water supply through borewells to a high number of households, or industries, were already directed to protect public health especially from pathogens .Thus, due to this the demand for new drilling of water well was low in various sectors including municipality, education sector , agriculture sector, industrial sector and others. This has negatively impacted the growth of the water well drilling services market in terms of value sales, thereby, restricting the growth of the market.
The global water well drilling services market is segmented into application, drilling method types and region. Based on application, the market is divided into residential, irrigation and institutional. On the basis of drilling method type, the market is segregated into rotary method, cable tools drilling & auger drilling method and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the rest of Europe), Asia-Pacific (China, India, Japan, Australia & new Zealand , Korea, ASEAN and the rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia ,South Africa, Turkey, and others).
In addition, by drilling method types, the others segment is anticipated to be the fastest-growing segment, in terms of value sales, during forecast period. Sonic drilling is one of the fastest and advanced water well drilling method. Municipal water wells provide water supply to entire communities or operational facilities. With rise in population globally the demand for water well is expected to rise the demand for water well through this segment, which in turn is expected to offer immense opportunities for the growth of water well drilling services in terms of value sales during the forecast period.
Furthermore, by drilling method type, the others segment is anticipated to be the fastest-growing segment, in terms of value sales, during water well drilling services forecast period. Sonic drilling is one of the fastest and most advanced water well drilling method. This method is ideal for scrutinizing heavy metal, organic as well as other contamination while drilling water wells. Moreover, sonic drilling method offers easy identification of perched water tables. It has a greater depth capability and is a safer method to operate because of the use of smooth rods and casing. It also reduces manual labor and has ability to tackle difficult ground condition. Thus, these advantages of sonic method has made it popular among the water well service provider as it helps them to provide good water well drilling services to their client. Thus, contributing in driving the water well drilling services market growth in terms of value sales.
Key findings of the study
By application, the residential segment accounted for the highest water well drilling services market share in 2019, growing at a CAGR of 4.3% from 2021 to 2027.
By drilling method type, the others segment accounted for the highest market share in 2019, growing at a CAGR of 5.9% from 2021 to 2027.
By region, Asia-Pacific occupied maximum share in the water well drilling services market in 2019 and is expected to dominate the market during the forecast period.
The key players operating in the global water well drilling services industry analyzed in this report include caster drilling, Jim Jeffers Well Drilling, Casey Well Drilling, LOMAN Drilling Inc., CRAIG Water well & Drilling Ltd, TAMPA WELL DRILLING, INC., Gordon & Sons Water Well Drilling, Weninger Drilling, LLC , Barco Well Service LP and Johnson Water well Drilling.
READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1349
Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Water Well Drilling Services Market Size is projected to reach $3.9 billion by 2027, registering a CAGR of 4.7% from 2021 to 2027 here
News-ID: 2244545 • Views: …
More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…

Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…

Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…

Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for Drilling
Offshore Drilling Market to Rise at 7.9% CAGR till 2026; Archer Well Company, Bo …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights™ in its new report, titled “Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),…
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights™ in its new report, titled “Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),…
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights(TM) in its new report, titled "Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),…
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights(TM) in its new report, titled "Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),…
Air Core Drilling Market By Application Dust Drilling, Mist Drilling and Foam Dr …
Allied Market Research published a new report, titled, " Air Core Drilling Market by Application (Dust Drilling, Mist Drilling, Foam Drilling, Aerated Fluid Drilling, and Nitrogen Membrane Drilling), by End-use Industry (Oil & Gas, Mining, and Construction) - Global Opportunity Analysis and Industry Forecast, 2020-2027." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a…
Global Drilling Tools Market Analysis 2020 3D Drilling Tools, Sandvik, Redback D …
Global Drilling Tools market represents the advanced technology manufacturer with high quality data such as segment wise data, region wise data and qualitative analysis of the data which is collected from industry expert and market participants across the key points of market value chain. The market report is also comes up with the comprehensive study of Drilling Tools market insight, historical data from 2015-2019, forecast data from 2020-2025, and variations…