6:31 AM Trenchless Pipe Rehabilitation Market Size to reach US$ 6.4 billion in 2025 |
Trenchless pipe rehabilitation technologies are now catching the world’s attention because of their phenomenal performance and exceptional benefits. These techniques offer repair, renewal, or replacement of existing underground pipelines with minimal or no excavation. The key aspects of these technologies are that the rehabilitation of pipes is now becoming easier, cleaner, faster, and cheaper. In addition to that, these technologies avoid traffic jams and provide a delicate pipe relining without any foul smell. The equipment and liner materials used in these technologies have to be compliant under the certification and standards of NSF/ANSI 61, which has various norms related to the material used for the lining of water main pipelines in order to prevent any contamination of potable drinking water. 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. The market is mainly driven by the increase in spending of government and municipal corporations of various countries towards infrastructure rehabilitation. Furthermore, increasing awareness towards trenchless (no-dig) technologies in many nations, especially the emerging economies, is acting as a catalyst towards the market growth.
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By Application Type: Based on the application type, the market is segmented as water main pipes, wastewater pipes, and others. All three applications are estimated to witness promising growths in years to come; however, water main 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 than trenchless pipe rehabilitation, increasing cost considerably. Furthermore, trenched pipe repair requires to dig up the whole yard, which could destroy the landscaping and any other permanent structures present in the yard. To avoid that cost and disturbance, a wide range of trenchless pipe rehabilitation methods are available in the market. CIPP is the most preferable method used for the rehabilitation of wastewater pipes. By Method Type: Based on the method type, the market is segmented as CIPP, Pipe Bursting, Slip-lining, SIPP, and Others. CIPP is projected to remain the most dominant segment during the forecast period, whereas pipe bursting to remain the fastest-growing segment during the same period. 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. By Region: In terms of region, 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 mover in the trenchless pipe rehabilitation with regard to material adoption and technology. Asia-Pacific is expected to witness the highest growth during the forecast period primarily driven by Japan, China, and Australia. Aging pipeline infrastructure in key economies of the region is driving the demand for trenchless pipe rehabilitation. Incessantly increase in infrastructure budget with the purpose to decrease water loss and improve the water quality is the major demand booster of the Asia-Pacific’s trenchless pipe rehabilitation market. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/607/trenchless-pipe-rehabilitation-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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