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(IT-NEWSWIRE.COM, October 04, 2018 ) Global Water Well Drilling Market 2018-2023
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 Global Water Well Drilling Market Report
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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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 2017 and is expected to reach 5040 million USD by the end of 2023, growing at a CAGR of 2.9% between 2017 and 2023.
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 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Browse the Full Report @ http://www.orbisresearch.com/reports/index/global-water-well-drilling-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023
This report covers Analysis of Global Water Well Drilling Market Segment by Manufacturers
Layne Weninger Drilling, Llc Tampa Well Drilling 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 Gordon and Sons Casey well drilling
Global Water Well Drilling Market Segment by regional analysis covers
North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Water Well Drilling Market Segment by Type
4~8 Diameter (8 not covered) 8~10Diameter (10 not covered) 10"~12" Diameter (12" not covered) >12 Diameter
Global Water Well Drilling Market Segment by Applications, can be divided into
Domestic Use Industrial Use Irrigation Others
Some of the Points cover in Global Water Well Drilling Market Research Report is:
Chapter 1: Describe Water Well Drilling Industry
Introduction, Product Scope, Market Overview, Market Opportunities, Market Risk, Market Driving Force Chapter 2: To analyze the top manufacturers of Water Well Drilling Industry in 2016 and 2017
Sales Revenue and price Chapter 3: Competitive analysis among the top manufacturers in 2016 and 2017
Sales Revenue and market share Chapter 4: Global Water Well Drilling Market by regions from 2013 to 2018
Sales Revenue and market share Chapter 5, 6, 7 and 8: Global Water Well Drilling Market by key countries in these regions
Sales Revenue and market share Chapter 9 and 10: Global Water Well Drilling Market by type and application from 2013 to 2018
Sales Revenue and market share Growth rate Chapter 11:Water Well Drilling Industry Market forecast from 2018 to 2023
Regions Type and application with sales and revenue Chapter 12 and 13:Water Well Drilling Industry
Sales channel Distributors Traders and dealers Appendix Data source About Us:
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