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Dublin, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The "Water Well Drilling Services Market by Application, and Drilling Method Type: Global Opportunity Analysis and Industry Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering. The global Water well drilling services market was valued at $2,833.3 million in 2019, and is projected to reach $3,900.6 million by 2027, registering a CAGR of 4.7% from 2021 to 2027.Water well drilling services are involved in the process of offering the service of drilling a hole in the ground to make water well or borewell in order to extract ground water for various application including residential use, irrigation, industries, commercial use and others. There are different types of water well drilling method that includes rotary method, jetting method, cable tool method, auger drilling method and others. Water well drilling can be done either mechanically or manually and the characteristics of equipment differs from simple & cheap to very sophisticated.Increasing demand for water well across the globe fuels the growth of the market. Moreover, rising use of water well for irrigation purpose across the globe further fuels the growth of the water well drilling market. However, the scarcity of underground water is expected to hamper the growth of the water well drilling services market. Furthermore, rapid industrialization and rising preference for underground water over surface water are anticipated to offer lucrative opportunities for the market growth, in terms of value sales, during the forecast period.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, cable tools drilling & auger drilling and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.The key players operating in the global Water well drilling services market focus on prominent strategies to overcome competition and maintain as well as improve their market share globally. Some of the major players 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 Waterwell & Drilling Ltd, TAMPA WELL DRILLING, INC., Gordon & Sons Water Well Drilling, Weninger Drilling, LLC, Barco Well Service LP and Johnson Water well Drilling. Key Topics Covered: Chapter 1: IntroductionChapter 2: Executive SummaryChapter 3: Market Overview3.1. Market Definition and Scope3.2. Key Findings3.2.1. Top Investment Pockets3.3. Porter's Five Forces Analysis3.4. Covid-19 Impact on Water Well Drilling Services Market3.5. Market Dynamics3.5.1. Drivers3.5.1.1. Increase in Demand for Water Well3.5.1.2. Rise in Use of Water Well for Irrigation3.5.1.3. Service Innovation3.5.2. Restraint3.5.2.1. Scarcity of Underground Water3.5.3. Opportunities3.5.3.1. Rapid IndustrializationRise in Preference for Underground Water Over Surface WaterChapter 4: Water Well Drilling Services Market, by Application4.1. Overview4.1.1. Market Size and Forecast4.2. Residential4.3. Irrigation4.4. InstitutionalChapter 5: Water Well Drilling Services Market, by Drilling Methods Type5.1. Overview5.1.1. Market Size and Forecast5.2. Cable Tool Drilling & Auger Drilling5.3. Rotary DrillingChapter 6: Water Well Drilling Services Market, by Region6.1. Overview6.1.1. Market Size and Forecast, by RegionChapter 7: Competition Landscape7.1. Top Winning Strategies7.2. Competitive Dashboard7.3. Competitive Heat MapChapter 8: Company Profiles8.1. Company Overview8.2. Key Executive8.3. Company Snapshot8.4. Product Portfolio Barco Well ServiceCasey Well DrillingCaster DrillingCraig Waterwell & Drilling LtdGordon & Sons Water Well DrillingJim Jeffers Well DrillingJohnson Water Well DrillingLoman Drilling Inc.Tampa Well Drilling, Inc.Weninger Drilling, LLC For more information about this report visit https://www.researchandmarkets.com/r/ow2pdo Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900