Press release
Trenchless Pipe Relining Market in North America Market - Segments Worth Observing Aiding Growth Factors 2022 - 2030
The North America Trenchless Pipe Relining Market was valued at US$ 805.17 million in 2022 and is expected to reach US$ 1,181.55 million by 2030; it is estimated to register a CAGR of 4.9% from 2022 to 2030.Get Exclusive Sample PDF @: https://www.businessmarketinsights.com/sample/BMIRE00028539?utm_source=OpenPr&utm_medium=10640
Rising Number of Aging Pipeline Infrastructure Fuels North America Trenchless Pipe Relining Market
The pipeline infrastructure across the world is aging day by day. There were over two and a half million miles of pipeline across the US as of 2020, half of which is over fifty years old. The aging pipeline infrastructure can lead to severe consequences, such as regional bottlenecks, supply disruptions due to leaks and maintenance shutdowns, increased potential for environmental damage, as well as safety concerns.
Analysis of the Top Market Players:
1. SAERTEX MultiCom GmbH
2. United Felts Inc
3. Vortex Co LLC
4. NuFlow Technologies Inc
5. Trelleborg AB
6. RelineEurope GmbH
7. Waterline Renewal Technologies Inc
In this report, the market has been segmented on the basis of:
Method (Cured in Place Pipe, Pull-in-Place, Pipe Bursting, and Internal Pipe Coating)
End User (Residential, Commercial, Industrial, and Municipal)
Diameter (Below DN 50, DN 51 - DN 150, DN 151 - DN 250, and Above DN 251)
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In December 2021, the US Environmental Protection Agency (EPA) and the City of Fall River signed an agreement on a five-year plan to reduce and treat combined sewer discharges by fixing the wastewater infrastructure. In addition, in May 2020, Upper Arlington, a city in Ohio, US, awarded Performance Pipelining Inc. a US$ 1 million project to fix pipelines of untreated sewage. The majority of the project involved the installation of linings in existing public and private sanitary sewers across the city.
With these aging infrastructures, maintaining, repairing, and monitoring these pipelines has become necessary. As a result, there is a growing need to invest in restoring aging infrastructure, which also leads to increased demand for solutions such as trenchless pipe relining. Trenchless pipe relining solutions are gaining traction due to their performance and technical advantages. These solutions repair existing underground pipelines with limited or no excavation while avoiding traffic jams, landscape destruction, and other environmental impacts. Many pipeline operators are increasingly adopting trenchless pipe relining solutions to overcome the problem of aging infrastructure. Thus, the rising number of aging pipeline infrastructure drives the trenchless pipe relining market.
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