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Analysis of the future development prospects of the water well drilling rig industry

Water well drilling rig is an indispensable well drilling equipment for water source exploitation. Many laymen may think that water well drilling rigs are just mechanical equipment for drilling wells and are not that useful. In fact, water well drilling rigs are a relatively important piece of mechanical equipment, not only closely related to water safety, but also to energy security.

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As the largest producer and consumer of water well drilling rigs in the world, China has high standards of production and quality of water well drilling rigs. In China, there is a water shortage problem in the northern region. The purpose of the South-to-North Water Diversion Project is to balance the use of water resources and increase the development of water resources in the arid regions of the north. Therefore, China’s water well drilling rig industry planning is gradually expanding, many companies are developing new products, and strive to gain a place in the market.

Due to the new crown epidemic, the water well drilling rig industry has received a lot of impact, but now the epidemic has been effectively controlled, the economy of all walks of life has begun to recover, and the water well drilling rig industry has also ushered in a period of market upswing. -The water well drilling rig market will exceed US$200 million in 2026, and the market prospect is quite broad.

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The market of water well drilling rigs is not only popular in northern China, but also the water well drilling rigs of SINOVO Group are sold to the Middle East, Africa and other regions. We have business relations with many countries and the market is relatively broad. The water well drilling rigs produced and sold will also gradually become intelligent, standardized and internationalized.


Post time: Jun-10-2022