Key downstream construction markets dictate a lot of demand for water well drilling, so as residential and non-residential construction picks up as the economy recovers, industry services will be needed. In the housing market, demand for water well drilling and groundwater connections will be stimulated by the pent-up demand for new housing settlements. At the same time, industry revenue growth will be marginally contained by continued improvements in water use efficiency, particularly in the agricultural and industrial markets.
This industry is comprised of establishments primarily engaged in drilling, tapping, digging, boring and capping water and geothermal wells. The water well drilling work performed includes new work, servicing, and maintenance and repairs.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.