Trenchless pipe rehabilitation market
The trenchless pipe rehabilitation market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 6.4 billion in 2025., according to a newly added report by Stratview Research.
The market is mainly driven by an increase in spending by governments and municipal corporations for infrastructure rehabilitation. Furthermore, increasing awareness towards trenchless (no-dig) technologies in many nations, especially the emerging economies, is acting as a catalyst for growth.
Ageing water mains and wastewater pipelines in the major markets, such as the USA, Germany, and Canada, coupled with the increased movement towards trenchless pipe rehabilitation technologies are paving the way for further growth.
There are more than two million miles of pipes installed in the USA, and most of them were laid in the mid of the 20th Century. The American Water Works Association estimates US$ 1 trillion of investment is required over the next 25 years to repair the degrading water services and ensure they serve the growing population of the nation. Similar trends were also observed in other major countries such as Germany and Canada.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details for the forecast period of 2020-2025.
Among different application types, water mains pipe is likely to remain the most dominant as well as the fastest-growing segment during the forecast period. Trenched pipe repair usually takes twice the time of trenchless pipe rehabilitation, increasing the cost considerably. Furthermore, trenched pipe repair can damage landscaping and other permanent structures.
Based on method, the market is segmented as CIPP, Pipe Bursting, Slip-lining, SIPP, and others.
CIPP is projected to remain the dominant segment during the forecast period, whereas pipe bursting will remain the fastest-growing segment. The high penetration of the CIPP technology is mainly due to its excellent performance over competing technologies along with its applicability in a wide range of pipe diameters.
North America is projected to remain the largest market for trenchless pipe rehabilitation during the forecast period. Most of the pipelines installed in the region have passed their retirement age or are approaching it; hence, there is a need for rehabilitation. Rehabilitation of infrastructure gives an extended life of around 30-50 years to the pipe. The USA is the growth engine of the North American market. It is not only the largest market for trenchless pipe rehabilitation in North America but also in the world. The country is also among the early movers into trenchless pipe rehabilitation.
Asia-Pacific is expected to see the highest growth during the forecast period, primarily driven by Japan, China, and Australia. Ageing pipeline infrastructure in the key economies of the region is driving the demand for trenchless pipe rehabilitation.
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