8:37 AM Trenchless Pipe Relining Market Size to reach US$ 5.0 billion by 2025 |
| Trenchless Pipe Relining Market is expected to grow at a healthy CAGR during the next five years, according to a newly added report by Stratview Research. Trenchless pipe relining technologies are gaining traction in the global market, owing to their outstanding performance and exceptional advantages. These techniques repair existing underground pipelines by inserting a relatively small diameter pipe or by spraying coating material into the damaged pipe to create a lining within the pipe, with very limited or no excavation. The key features of these techniques are that the pipe relining has now become faster, easier, cheaper, and cleaner. In addition, these techniques avoid traffic jams, destruction of landscaping, and relining without any environmental impact.
The trenchless pipe relining market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 5.0 billion in 2025. The trenchless pipe relining market is mainly driven by an aging existing pipeline network coupled with a surge in spending of government and municipal corporations towards repair and maintenance of existing pipes. Aging pipeline infrastructure, increasing deterioration rate, growing population, and urbanization in the key countries such as the USA, Germany, and Canada, are troubling government and municipal corporations. All these factors have led to increased focus towards trenchless pipe relining techniques in order to reduce potable water loss and rehabilitate infrastructure while avoiding traffic jams and destruction of landscaping. As per recently published data, the USA alone has more than 9.5 billion feet of the installed pipeline of which most of them were laid in mid of the 20th Century. Similarly, in the European Union states around 23 billion feet of pipes are in operation from the last 100 years. In Japan; about 15% of water pipes have outlived their 40-year duration as of fiscal 2016; thus, they require up-gradation. Between 2012 and 2018, the water main break rates have increased by 27% in the USA and Canada. Every day around 6 billion gallons of the total treated water in the USA is lost due to these aged and deteriorated pipes. Similar trends were also recorded in other major countries including Germany, France, and China. The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025. Request a sample of the report here https://www.stratviewresearch.com/Request-Sample/658/trenchless-pipe-relining-market.html As per the report, among different method types, Trenched sewer repair usually takes a huge time compared to trenchless sewer relining; therefore, it costs more. It also requires to dig up the whole yard, which could destroy the landscaping and any other permanent structures present in the yard. To mitigate the cost and to avoid the disturbance, a wide range of trenchless pipe relining methods are available in the market. CIPP is projected to remain the most dominant as well as the fastest-growing segment during the forecast period in the trenchless pipe relining market. The dominance of CIPP technology in the market is mainly due to its fast and easy installation process, longer life cycle, and better performance over competing technologies. The CIPP lining installation rate is five times faster than the trenched replacement. Based on the application type, the market is segmented as water main pipes, wastewater pipes, and others. Wastewater pipe is likely to remain the most dominant segment during the forecast period. CIPP is the most preferable method used for the rehabilitation of wastewater pipes. Watermain pipe is expected to witness the highest growth during the forecast period. The equipment and liner materials used during relining have to be compliant under the certification and standards of NSF/ANSI 61, which has norms related to the material used for the lining of water main pipelines in order to prevent contamination of injurious substances of liners with the potable drinking water. View the Table of Contents here https://www.stratviewresearch.com/toc/658/trenchless-pipe-relining-market.html North America is projected to remain the largest market for trenchless pipe relining during the forecast period. The region has most of the pipelines installed which have crossed their service life or are approaching their retirement age and require repair and maintenance. The average active service life of a pipeline installed is around 50 years and most of them have crossed their lifespan, the relining provides an extension of around 30-50 years to the pipe. The USA is not only the largest market for trenchless pipe relining in North America but also in the world, the country is also among the early mover in the trenchless pipe relining concerning innovation, material selection, and technology adoption. Asia-Pacific is expected to witness the highest growth during the forecast period. Japan, China, and Australia are the growth engines of the Asia-Pacific’s trenchless pipe relining market. These economies will continuously generate immense demand for trenchless pipe relining to rehabilitate their aging pipeline infrastructure. The key economies in the region are continuously increasing their infrastructure spending’s to decrease water loss and improving the water quality. Generally old age is the primary contributor towards pipeline deterioration, but in the case of Australia the problem isn’t age, it is corrosion and in the case of Japan, frequent earthquakes cause a breakdown in the infrastructure. Read the Full Report Description here https://www.stratviewresearch.com/658/trenchless-pipe-relining-market.html The report further mentions about the key manufacturing players Aegion Corporation; Granite Construction Inc.; Inland Pipe Rehabilitation, LLC. (IPR); Per Aarsleff A/S; and SAK Construction, LLC. who are emerging fast and their roles in the growing market.It also portraits the important mergers, acquisitions, and other current happenings in the Trenchless Pipe Relining Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly. Salient Features of the Report The report on Trenchless Pipe Relining Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
About Stratview Research: Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 |
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