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Water Infrastructure Repair Technologies Market Size, Top Key Players, Growth, Trend Analysis And Forecast To 2033
Water Infrastructure Repair Technologies Market
As per the report, the water infrastructure repair technologies market size has grown strongly in recent years. It will grow from $74.39 billion in 2023 to $80.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The water infrastructure repair technologies market size is expected to see strong growth in the next few years. It will grow to $109.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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Impact Of Aging Water Systems On The Water Infrastructure Repair Sector
The ageing water infrastructure is driving the water infrastructure repair technologies market. 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. Water infrastructure repair technologies are employed and used for inspection, tracking critical faults, and maintaining critical pipeline infrastructure. For instance, according to the report card for America's infrastructure 2021, there are 2.2 million miles of water pipes that are ageing in American water systems, and the US incurs a loss of 6 billion gallons of treated water every day due to water main breaks every two minutes. Thus, ageing water infrastructure is driving the water infrastructure repair technologies market.
Growing Popularity Of Innovative Water Technologies In Infrastructure Repair
Deploying innovative water technologies is a key trend gaining popularity in the water infrastructure repair technologies market. 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.
The water infrastructure repair technologies market covered in this report is segmented -
1) By Product: Flanges, Valves, Fittings, Pipes And Connectors, Couplings
2) By Repair Technology: Remote Assessment And Monitoring, Open And Cut-Pipe Repair, Spot Assessment And Repair, Trenchless Pipe Repair
3) By Application: Drinking Water Distribution, Wastewater Collection
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Major companies operating in the water infrastructure repair technologies market report are Veolia Water Technologies & Solutions, 3M Company, Suez SA, Core & Main Inc., Xylem Inc., Pentair plc, IDEX Corporation, Kurita Water Industries Ltd., Uponor Corporation, Mueller Water Products Inc., Aegion Corporation, Thermax Ltd., Layne Christensen Company, Badger Meter Inc., Avanti International Acquisitions Inc, VA Tech Wabag Ltd., Aquatech International Corporation, GE Water & Process Technologies, Applied Felts Inc., AGRU America Inc., Innovyze Inc., Hawle Valves India Pvt Ltd., American Leak Detection Holding Corp, Brandenburger Liner GmbH & Co KG, Advanced Trenchless Inc., Primayer Limited, Electro Scan Inc., Infrastructure Repair Systems Inc., Atlantis D-Raintank LLC, Aqua Innovative Solutions Pvt Ltd., UEM India Pvt Ltd., Voltas Limited
Contents of the report:
1. Executive Summary
2. Water Infrastructure Repair Technologies Market Report Structure
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
…..
27. Water Infrastructure Repair Technologies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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