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Water Infrastructure Repair Technologies Market 2023 - By Size, Share, Trends Analysis Report And Forecasts To 2032
Water Infrastructure Repair Technologies Market
The Business Research Company's Water Infrastructure Repair Technologies Global Market Report 2023 identifies ageing water infrastructure as the major driver for the Water Infrastructure Repair Technologies market's growth in the forecast period. Aging water infrastructure refers to the development of any water resources, storage, irrigation, or federal agency project that is older than 75 years. These ageing water infrastructures leak billions of gallons of potable water each year. To prevent water shortages in the future, water utilities constantly need to update and improve their systems.
The global water infrastructure repair technologies market size is expected to grow from $69.37 billion in 2022 to $75.31 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The water infrastructure repair technologies market size is expected to grow to $102.82 billion in 2027 at a CAGR of 8.1%.
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Major competitors in the Water Infrastructure Repair Technologies market are Hawle, Aegion Corp., 3M, Applied Felts Inc., Advanced Trenchless Inc., Brandenburger Liner GmbH & Co. KG, George Fischer.
A key trend in the Water Infrastructure Repair Technologies market includes deploying innovative water technologies. Major companies operating in the market are providing innovative water technologies, such as quick installation products. For instance, in March 2022, NORMA Group, a Germany-based machine industry company, developed the NORMA MARLIN PN16, a QuickTight technology compression fitting product that can be tightened, reducing the installation time of customers by around 50%. This system has a special lip gasket, using which customers can connect two water lines. The NORMA MARLIN PN16 is a compression fitting used for drinking water installations, irrigation, and sanitary systems, as well as other applications.
Read More On The Global Water Infrastructure Repair Technologies Market Report Here:
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The Water Infrastructure Repair Technologies market is segmented -
• By Product: Flanges, Valves, Fittings, Pipes And Connectors, Couplings
• By Repair Technology: Remote Assessment And Monitoring, Open And Cut-Pipe Repair, Spot Assessment And Repair, Trenchless Pipe Repair
• By Application: Drinking Water Distribution, Wastewater Collection
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Water Infrastructure Repair Technologies market.
The Business Research Company's "Global Water Infrastructure Repair Technologies Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Water Infrastructure Repair Technologies Market Include:
1. Executive Summary
2. Water Infrastructure Repair Technologies Market Characteristics
3. Water Infrastructure Repair Technologies Market Trends And Strategies
4. Water Infrastructure Repair Technologies Market - Macro Economic Scenario
5. Water Infrastructure Repair Technologies Market Size And Growth
………………………………….
26. Africa Water Infrastructure Repair Technologies Market
27. Water Infrastructure Repair Technologies Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Water Infrastructure Repair Technologies Market
29. Water Infrastructure Repair Technologies Market Future Outlook and Potential Analysis
30. Appendix
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