Top 22 global water well drilling rig manufacturers ranked by market share

Global market size of water well drilling rig

The machinery equipment for drilling water wells and completing the work of dropping well pipes, well washing,. It includes power equipment and drilling heads, drill pipes, rock core pipes, drilling frames, etc.

Water well drilling rigs are suitable for industrial, agricultural, underground resources development and engineering holes such as bridges, pile foundations, etc.

According to the latest report of QYResearch research team, “Global Water Well Drilling Rig Market 2023-2029”, it is expected that the global water well drilling rig market size will reach 220 million US dollars in 229, and the Compound Annual Growth Rate (CAGR) in the next few years will be 3.4%.

Figure 0000. Ус сайн өрөмдлөгийн талбай, global market size

Figure 00002. Global top 22 manufacturers ranking and market share of water well drilling rig2021 data, continuously updated)

Water well drilling rig manufacturers around the world mainly include Epiroc, XCMG, Bauer Equipment, Binzhou drilling, FRASTE, Shanghai Jintai Engineering Machinery Co., Ltd., Koken Boring Machine, Kingwell Boring Machine Co., Ltd., Mait, PRD RIGS, etc. In 2020, the top ten manufacturers in the world accounted for about 44.0% of the market share