Trenchless Pipe Rehabilitation Market Size to Grow at an impressive CAGR by 2025
Aging water main and wastewater pipelines in the major markets, such as the USA, Germany, and Canada, coupled with the increased traction towards trenchless pipe rehabilitation technologies are paving the way for an astounding growth of the market across regions. For instance, there were around more than two million miles of pipes installed alone in the USA and most of them were laid in the mid of the 20th Century. As per American Water Works Association, an estimated US$ 1 trillion of investment is required over the next 25 years in order to repair the degrading water services as well as to ensure their usefulness to serve the growing population of the nation. Similar trends were also observed in other major countries of the market 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. 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.
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As per the report, among different application types, 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.
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.
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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.
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Salient Features of the Report
The report on Trenchless Pipe Rehabilitation 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:
• Market structure,
• Market environment analysis,
• Market trend and forecast analysis,
• Market segment trend and forecast,
• Competitive landscape and dynamics,
• Attractive market segments and associated growth opportunities,
• Emerging trends,
• Strategic growth opportunities for the existing and new players,
• Key success factors
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