Saudi Arabia Water Well Drilling Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Saudi Arabia Water Well Drilling Market Size

Saudi Arabia Water Well Drilling Market Trends and Growth Drivers

Modern Technologies Act as a Significant Trend to Market Growth

• Water well drillers are using the latest technologies and tools to improve the process.
• Remote-operated hydraulic arms raise water productivity, due to which the market will continue to expand.
• Furthermore, as modern drillers use the newest technologies and techniques for better water exploration, well logging is a technique used to survey the subsurface water in water wells. The Saudi Arabian market for water well drilling is expected to grow as new technologies become accessible since mapping is utilized in the planning and building of water wells.

Increasing Drilling Operations and Government Initiatives Are Drivers for Market Growth

• The need for water wells has increased due to the rapid growth of infrastructure and mining activities.
• The public interest in a healthy lifestyle, which includes drinking clean water to lower the chance of getting sick from contaminated water, is also driving the market.
• The growing investments and programs to improve mining projects are the key reasons for the expansion of water well drilling in Saudi Arabia.
• In January 2024, the Ministry of Environment, Water, and Agriculture announced that over the next four years, USD 80 billion will be allocated for water projects, which will propel the demand for drilling operations.

Environmental Impact of Water Well Drilling Act as a Restrain to Market Growth

• Water well drillers in Saudi Arabia face challenges due to the environmental impact of this process.
• The strict regulations on waste management, emissions, and the protection of natural resources act as a challenge for the water well drilling market in Saudi Arabia.
• Additionally, emissions from drilling vehicles and equipment can contribute to air pollution.
• The emissions of contaminants from diesel engines, including nitrogen oxides, harm human health.

Saudi Arabia Water Well Drilling Market Analysis

Drilling Method Insights

• The rotary will hold the largest market share, of 55%, in 2024, and it is expected to grow at the highest CAGR, of 2.8%, during the forecast period.
• Rotary water well drilling provides high accuracy in the construction of water wells. Additionally, its lightweight modular design provides greater operation flexibility and makes the drilling well rigs easy to install and relocate.

The drilling methods analyzed in this report are:

• Rotary (Largest and Fastest-Growing Category)
• Cable Tool
• Down the Hole
• Others

Drilling Technology Insights

• Horizontal directional drilling will hold the larger market share, of 65%, in 2024. This is because many businesses are using horizontal directional drilling to drill water wells as a result of the technology's success in the oil and gas sector.
• Additionally, this drilling technology makes use of strong, long-lasting pipes that endure longer underground, and horizontal directional drilling enables the driller to drill in challenging locations without having to run pipe above ground or beneath bridges.

The drilling technologies analyzed in this report are:

• Horizontal Directional (Larger and Faster-Growing Category)
• Vertical

End User Insights

• The residential category will hold the largest market share, of 30%, in 2024, and it is expected to grow at the highest CAGR, of 2.8%, during the forecast period. Saudi Arabia's cities are becoming increasingly urbanized, due to which there is a rapid increase in the population, which is contributing to the rampant infrastructure development. This includes digging water wells to improve the country's water supply.

The end users analyzed in this report are:

• Residential (Largest and Fastest-Growing Category)
• Irrigation
• Industries
• Mining
• Others

Geographical Analysis

• Al-Riyadh will dominate the market with 40% revenue in 2024.
• It is also expected to witness the highest CAGR, of 3.2%, during the forecast period.
• Due to the country's increasing urbanization, a lot of water well drilling projects are underway in Riyadh to supply water to newly constructed homes and businesses.

The provinces analyzed in this report are:

• Al-Riyadh (Largest and Fastest-Growing Province)
• Makkah
• Al-Madinah
• Al-Qaseem
• Eastern Province
• Aseer
• Tabouk
• Hayel
• Northern Border
• Jazan
• Najran
• Al-Baha
• Al-Jouf

Saudi Arabia Water Well Drilling Market Share

• The Saudi Arabian formaldehyde market is moderately fragmented due to the presence of both international and local players. The market consists of several small and medium companies that compete with each other and large companies. There is no particular company that dominates the market.

Saudi Arabia Water Well Drilling Market News

• In August 2023, Saudi Infrastructure Expo and Saudi Water Expo anticipate 15,000 visitors, and 200 exhibitors in Riyadh.