Report Description

Global Water Well Drilling Rig Market is anticipated to grow at a robust pace in the forecast period 2022-2028. The primary factors for the expanding water well drilling rig market are the increase in drilling operations and rising demand for water exploration projects. Cool and clear water is valuable, and life depends on it.  The water that dwells underground is the cleanest on earth. No other source of fresh water is as copious either. Groundwater makes up more than 97% of the planet's liquid freshwater. Drillers of modern water wells serve as both providers and defenders of the country's groundwater resources. To access various groundwater formations, several drilling techniques are employed.

Rising Drilling Operations & Need for Water Exploration

The expanding infrastructure investment and encouraging mining exploration projects present water well drilling rigs with attractive growth prospects. These elements boost the market's demand for water well drilling rigs within the anticipated time frame. Water jets are used in coal mining to dismantle coal scams and remove sediments from the frauds. Around 250 liters of fresh water are required for every ton of coal produced.

For instance, India has 344.02 billion tons of total coal resources. India's commercial primary energy consumption has increased by 700% over the last forty years. Expanding economies, growing populations, and improving quality of life are the leading causes of the rise in energy consumption. To support ongoing and future coal mine operations, the government wants to integrate new technologies and expand digital infrastructure, which will lessen the nation's import dependence, due to which the market is expected to rise. 

People continue digging wells in several locations worldwide, as they have done for countless ages. Additionally, water wells are bored or driven. However, the advancement of contemporary water well drilling has led to the practical significance of groundwater in the current world.

Adoption of the Latest Tools and Technologies is Driving the Market

The important competitive analysis variables that fuel the need for water well drilling rigs over the forecast period include securing more drilling contracts, growing present business, and implementing divergent company strategies to expand the market.

After a challenging 2020, the rebound in oil and gas demand benefits drilling activities. A 12% rise from 2020 levels, Rystad Energy anticipated that 54,000 wells will be drilled globally in 2021. Drilling will likely rise much further in 2022. As the world is moving towards drilling operations, the global water well drilling rig market is anticipated to grow in the forecast period.

Nowadays, drillers are using latest technologies and tools to enhance water exploration worldwide, due to which well logging is a method used for survey of underground water in water wells. Mapping is used for water well design and construction, hence as new technologies are coming up in the market, Global Water Well Drilling Rig Market is anticipated to grow with a high CAGR in 2023-2028.

High Cost of Drilling Equipment

However, rocky terrain requires a tricky drill bit, with more equipment costs and maintenance expenses. As a result, water well drilling rigs face challenges in the anticipated time frame.


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Market Segmentation

The Global Water Well Drilling Rig Market is segmented into drilling method, drilling technology, end-use. Based on drilling method, market is segmented into rotary drill, Cable tool Drill, down the hole drill, others. Based on drilling technology, market is segmented into horizontal directional drilling and vertical drilling. Based on end-use, market is segmented into oil & gas, irrigation, mining, and others.

Market Players

The main market players in the Global Water Well Drilling Rig Market are Simco Drilling Equipment, Inc. Massenza Drilling Rigs, Epiroc, Lone Star Drills, Fraste S.p.A., Sunmoy Technology Co., Ltd., Dando Drilling International, PRD Rigs, Hardab, Koken Boring Machine Co., Ltd., Drillmec, and Caster Drilling Enterprises.

Recent Developments

  • In Saudi Arabia- The oil and gas project's offshore construction started in September 2020. A five billion cubic meter (bcm) per year starting production of natural gas is anticipated from the field by the end of 2021
  • The reservoir of the Liuhua 11-1 oil field, which is now the biggest in the South China Sea, is situated 1,000 feet (300 meters) below the surface of the ocean. Liuhua 11-1A was drilled following exploratory research in the early stages. 2,240 barrels of heavy crude were tested each day.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Drilling Method

Drilling Technology

End-Use

Regional scope

North America, Asia Pacific, Europe, South America, Middle East and Africa

Country scope

U.S, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, South Africa, Saudi Arabia, UAE.

Key companies profiled

Simco Drilling Equipment, Inc. Massenza Drilling Rigs, Epiroc, Lone Star Drills, Fraste S.p.A., Sunmoy Technology Co., Ltd., Dando Drilling International, PRD Rigs, Hardab, Koken Boring Machine Co., Ltd., Drillmec, and Caster Drilling Enterprises.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customised purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Global Water Well Drilling Rig Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

o    Water Well Drilling Rig Market, By Drill Method:

o   Rotary Drill

o   Down the Hole Drill

o   Cable Tool Drill

o   Others

o    Water Well Drilling Rig Market, By Drilling Technology:

o   Horizontal Directional Drilling

o   Vertical Drilling

o    Water Well Drilling Rig Market, By End-use:

o   Oil & Gas

o   Irrigation

o   Mining

o   Others

o    Water Well Drilling Rig Market, By Region:

o   North America

§  U.S

§  Canada

§  Mexico

o   Europe

§  United Kingdom

§  Germany

§  France

§  Italy

§  Spain

§  Russia

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

o   South America

§  Brazil

o   Middle East and Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Water Well Drilling Rig Market.

Available Customizations:

Global Water Well Drilling Rig Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
The Global Water Well Drilling Rig Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 Global Water Well Drilling Rig Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

6.    Global Water Well Drilling Rig Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Drilling Method (Rotary Drill, Cable tool Drill, Down the Hole Drill, and Others)

6.2.2.    By Drilling Technology (Horizontal Directional Drilling and Vertical Drilling)

6.2.3.    By End-Use (Oil & Gas, Irrigation, Mining and Others)

6.2.4.    By Region

6.2.5.    By Company

6.3.  Market Map

7.    North America Water Well Drilling Rig Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Drilling Method

7.2.2.    By Drilling Technology

7.2.3.    By End-Use

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Water Well Drilling Rig Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Drilling Method

7.3.1.2.2.           By Drilling Technology

7.3.1.2.3.           By End-User

7.3.2.                Canada Water Well Drilling Rig Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Drilling Method

7.3.2.2.2.           By Drilling Technology

7.3.2.2.3.           By End-User

7.3.3.                Mexico Water Well Drilling Rig Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Drilling Method

7.3.3.2.2.           By Drilling Technology

7.3.3.2.3.           By End-User

8.    Asia-Pacific Water Well Drilling Rig Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Drilling Method

8.2.2.    By Drilling Technology

8.2.3.    By End-Use

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.                China Water Well Drilling Rig Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Drilling Method

8.3.1.2.2.           By Drilling Technology

8.3.1.2.3.           By End-User

8.3.2.                India Water Well Drilling Rig Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Drilling Method

8.3.2.2.2.           By Drilling Technology

8.3.2.2.3.           By End-User

8.3.3.                Japan Water Well Drilling Rig Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Drilling Method

8.3.3.2.2.           By Drilling Technology

8.3.3.2.3.           By End-User

8.3.4.                Australia Water Well Drilling Rig Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Drilling Method

8.3.4.2.2.           By Drilling Technology

8.3.4.2.3.           By End-User

9.    South America Water Well Drilling Rig Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Drilling Method

9.2.2.    By Drilling Technology

9.2.3.    By End-Use

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.                Brazil Water Well Drilling Rig Market Outlook

9.3.2.                Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Drilling Method

9.3.2.2.2.           By Drilling Technology

9.3.2.2.3.           By End-User

10. Europe Water Well Drilling Rig Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Drilling Method

10.2.2. By Drilling Technology

10.2.3. By End-Use

10.2.4. By Country

10.3.             Europe: Country Analysis

10.3.1.             Germany Water Well Drilling Rig Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Drilling Method

10.3.1.2.2.         By Drilling Technology

10.3.1.2.3.         By End-User

10.3.2.             United Kingdom Water Well Drilling Rig Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Drilling Method

10.3.2.2.2.         By Drilling Technology

10.3.2.2.3.         By End-User

10.3.3.             France Water Well Drilling Rig Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Drilling Method

10.3.3.2.2.         By Drilling Technology

10.3.3.2.3.         By End-User

10.3.4.             Spain Water Well Drilling Rig Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Drilling Method

10.3.4.2.2.         By Drilling Technology

10.3.4.2.3.         By End-User

10.3.5.             Italy Water Well Drilling Rig Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Drilling Method

10.3.5.2.2.         By Drilling Technology

10.3.5.2.3.         By End-User

10.3.6.             Russia Water Well Drilling Rig Market Outlook

10.3.6.1.     Market Size & Forecast

10.3.6.1.1.         By Value 

10.3.6.2.     Market Share & Forecast

10.3.6.2.1.         By Drilling Method

10.3.6.2.2.         By Drilling Technology

10.3.6.2.3.         By End-User

11. Middle East & Africa Water Well Drilling Rig Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Drilling Method

11.2.2. By Drilling Technology

11.2.3. By End-Use

11.2.4. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1.             Saudi Arabia Water Well Drilling Rig Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Drilling Method

11.3.1.2.2.         By Drilling Technology

11.3.1.2.3.         By End-User

11.3.2.             South Africa Water Well Drilling Rig Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Drilling Method

11.3.2.2.2.         By Drilling Technology

11.3.2.2.3.         By End-User

11.3.3.             UAE Water Well Drilling Rig Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Drilling Method

11.3.3.2.2.         By Drilling Technology

11.3.3.2.3.         By End-User

12. Market Dynamics

13. Market Trends & Developments

14. Company Profiles

14.1.             Simco Drilling Equipment, Inc.

14.1.1.             Business Overview

14.1.2.             Key Revenue and Financials

14.1.3.             Recent Developments

14.1.4.             Key Personnel

14.1.5.             Key Product/Services

14.1.6.             SWOT Analysis

14.2.             Massenza Drilling Rigs, Epiroc

14.2.1.             Business Overview

14.2.2.             Key Revenue and Financials

14.2.3.             Recent Developments

14.2.4.             Key Personnel

14.2.5.             Key Product/Services

14.2.6.             SWOT Analysis

14.3.             Lone Star Drills, Fraste S.p.A.

14.3.1.             Business Overview

14.3.2.             Key Revenue and Financials

14.3.3.             Recent Developments

14.3.4.             Key Personnel

14.3.5.             Key Product/Services

14.3.6.             SWOT Analysis

14.4.             Sunmoy Technology Co., Ltd.

14.4.1.             Business Overview

14.4.2.             Key Revenue and Financials

14.4.3.             Recent Developments

14.4.4.             Key Personnel

14.4.5.             Key Product/Services

14.4.6.             SWOT Analysis

14.5.             Dando Drilling International

14.5.1.             Business Overview

14.5.2.             Key Revenue and Financials

14.5.3.             Recent Developments

14.5.4.             Key Personnel

14.5.5.             Key Product/Services

14.5.6.             SWOT Analysis

14.6.             PRD Rigs

14.6.1.             Business Overview

14.6.2.             Key Revenue and Financials

14.6.3.             Recent Developments

14.6.4.             Key Personnel

14.6.5.             Key Product/Services

14.6.6.             SWOT Analysis

14.7.             Hardab

14.7.1.             Business Overview

14.7.2.             Key Revenue and Financials

14.7.3.             Recent Developments

14.7.4.             Key Personnel

14.7.5.             Key Product/Services

14.7.6.             SWOT Analysis

14.8.             Koken Boring Machine Co., Ltd.

14.8.1.             Business Overview

14.8.2.             Key Revenue and Financials

14.8.3.             Recent Developments

14.8.4.             Key Personnel

14.8.5.             Key Product/Services

14.8.6.             SWOT Analysis

14.9.             Drillmec

14.9.1.             Business Overview

14.9.2.             Key Revenue and Financials

14.9.3.             Recent Developments

14.9.4.             Key Personnel

14.9.5.             Key Product/Services

14.9.6.             SWOT Analysis

14.10.           Caster Drilling Enterprises.

14.10.1.          Business Overview

14.10.2.          Key Revenue and Financials

14.10.3.          Recent Developments

14.10.4.          Key Personnel

14.10.5.          Key Product/Services

14.10.6.          SWOT Analysis

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Drilling a well is the process of creating a hole in the earth for the extraction of a natural resource, such as petroleum, natural gas, brine, ground water, or another liquid, or for monitoring or evaluating subsurface formations.

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A drilling rig is an integrated system that penetrates the subsurface of the ground to create wells, such as water or oil wells, or holes for piling and other building needs.

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Rotary drilling rigs, percussion drilling rigs, down-the-hole drilling rigs, top hammer drilling rigs (with high hammer), etc. are among the several drilling rig types available depending on the geography.

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The main market players in the Global Water Well Drilling Rig Market are Simco Drilling Equipment, Inc. Massenza Drilling Rigs, Epiroc, Lone Star Drills, Fraste S.p.A., Sunmoy Technology Co., Ltd., Dando Drilling International, PRD Rigs, Hardab, Koken Boring Machine Co., Ltd., Drillmec, and Caster Drilling Enterprises.

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Parvati Sharma

Account Manager BD
Press Release

Water Well Drilling Rig Market to be Led by Rotary Drilling Segment

Jan, 2023

Rising demand for water exploration projects and an increasing number of drilling operations propel the Global Water Well Drilling Rig Market in the forecast period.