Drinking Water Pipe Repair Market to Surpass USD 128.5 Bn by 2031: Growth Insights

The global drinking water pipe repair market was valued at USD 71.1 billion in 2022 and is projected to reach USD 128.5 billion by the end of 2031, growing at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2031. This robust growth is driven by increasing concerns about water scarcity, rapid urbanization, and the aging infrastructure in many developed and developing countries.

Download Sample Report Copy Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48420&utm_source=OpenPR_Sandeep&utm_medium=OpenPR

Analyst Viewpoint

The drinking water pipe repair market is witnessing significant growth due to the rising awareness and governmental initiatives regarding water conservation. Aging infrastructure and the need for reliable and safe water distribution systems are also major factors propelling market expansion. Key players in the industry are investing in advanced technologies like acoustic leak detection and expanding their product portfolios to address the growing demand for efficient water pipe repair solutions.

Market Drivers

Growth in Concerns Regarding Water Scarcity

Water scarcity remains a critical global issue, with the United Nations reporting that in 2022, approximately 2.2 billion people lacked safely managed drinking water services. This shortage underscores the importance of repairing and maintaining water distribution systems to minimize water loss and ensure clean water access. Governments worldwide are promoting water conservation, with initiatives such as the U.S. WaterSense program and Singapore's NEWater program playing pivotal roles.

Rapid Urbanization and Population Growth

The global population is expected to reach 9.7 billion by 2050, with a significant portion residing in urban areas. This demographic shift increases the demand for robust water distribution systems. According to the UN World Water Development Report 2023, around one-third to nearly half of the global urban population may face water scarcity by 2050, necessitating efficient water pipe repair solutions to ensure adequate water supply.

Market Introduction

The water distribution system is a crucial component of social infrastructure, facilitating the transport, distribution, and supply of water. Regular maintenance and upgrades of these systems are essential to ensure stability and safety. The demand for drinking water pipe repairs is driven by the need for safe drinking water, especially in the face of aging infrastructure and frequent leaks caused by various factors, including freezing temperatures and wear and tear.

High Demand for Pipes & Connectors

In 2022, the pipes & connectors segment held the largest share of the drinking water pipe repair market. The increasing use of these components in reducing pipe bursts and leakages is driven by rising investments in construction activities, spurred by rapid industrialization and urbanization.

Explore how your business can benefit from these trends - click here for more details: https://www.transparencymarketresearch.com/drinking-water-pipe-repair-market.html

Regional Outlook

Asia Pacific Leading the Market

Asia Pacific emerged as the leading region in the drinking water pipe repair market in 2022, primarily due to population growth in countries like China and India, increased investment in construction activities, and government initiatives to ensure access to clean and safe drinking water. India's Atal Bhujal Yojana, a national groundwater management program, exemplifies efforts to improve water management and conservation.

Key Players and Competitive Landscape

Major players in the drinking water pipe repair market include 3M, Advanced Trenchless, Inc., Aegion Corporation, Kurita Water Industries Ltd., AGRU Kunststofftechnik GmbH, Amex Sanivar, Atlantis Plumbing, Mueller Water Products, KMG Pipe Rehabilitation Emirates LLC, and BRAWO SYSTEMS GmbH. These companies are focusing on material advancements and plastic manufacturing technologies to enhance their offerings in the market.

Key Developments

Corrpro UK (Holdings) Limited Acquisition: In February 2024, Corrpro UK acquired Corrpro Companies Europe Limited, a subsidiary of Aegion Corporation, strengthening its position in infrastructure maintenance services.
Kurita Water Industries Innovation Hub: In 2022, Kurita Water Industries Ltd. established a new R&D facility, the Kurita Innovation Hub, to advance its product development efforts.
Market Snapshot

Market Size in 2022: USD 71.1 billion
Market Forecast (2031): USD 128.5 billion
Growth Rate (CAGR): 6.8%
Forecast Period: 2023-2031
Market Analysis: The market analysis includes segment and regional level analyses, qualitative analyses such as drivers, restraints, opportunities, key trends, and competitive landscape.
Market Segmentation

Type: Pipes & Connectors, Fittings, Couplings, Valves, Others
Repair Technology: Remote Assessment & Monitoring, Open & Cut-pipe Repair, Spot Assessment & Repair, Trenchless Pipe Repair
Regions Covered: North America, Europe, Asia Pacific, Middle East & Africa, South America
Countries Covered: U.S., Canada, Germany, U.K., France, Russia & CIS, Japan, China, India, ASEAN, Brazil, Mexico, GCC, South Africa
Companies Profiled: 3M, Advanced Trenchless, Inc., Aegion Corporation, Kurita Water Industries Ltd., AGRU Kunststofftechnik GmbH, Amex Sanivar, Atlantis Plumbing, Mueller Water Products, KMG Pipe Rehabilitation Emirates LLC, BRAWO SYSTEMS GmbH

The global drinking water pipe repair market is poised for substantial growth, driven by the increasing need for efficient water distribution systems and the concerted efforts of governments and companies to address water scarcity challenges. As the market evolves, innovations in repair technologies and materials will play a crucial role in shaping its future.

More Reports from Transparency Market Research

Helium Market : https://www.transparencymarketresearch.com/helium-market.html

Mined Anthracite Coal Market: https://www.transparencymarketresearch.com/mined-anthracite-coal-market.html

Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

This release was published on openPR.