Press release
Pipe Relining Market in North America Market Comprehensive Analysis and Future Estimations by 2030
The North America Pipe Relining Market was valued at US$ 5,594.10 million in 2022 and is expected to reach US$ 8,176.59 million by 2030; it is estimated to record a CAGR of 4.9% from 2022 to 2030.Get Exclusive Sample PDF @: https://www.businessmarketinsights.com/sample/BMIRE00025089?utm_source=OpenPr&utm_medium=10640
Pipe relining is the method of restoring damaged pipes using liners. In the oil & gas industry, pipe restoration need occurs quite frequently, incurring significant costs. Pipe relining is generally preferred to eliminate the maintenance cost. Pipe relining is used to repair damaged pipes without digging the ground. This process involves the insertion of flexible and durable recliners into the damaged pipelines. The relining is inflated and left to harden inside the old pipes. The increasing number of oil and gas restoration facilities with growing government investments for building the pipelines is driving the pipe relining market growth. The oil and gas construction projects in the US hold the largest share. The oil and gas pipeline-related projects in the US Department of Energy has announced over US$ 30 million in funding to develop technology to rehabilitate aging natural gas pipelines. According to the Insight Partners' estimate, more than 196,130 km of trunk oil and gas pipelines are planned between 2023 and 2030 globally.
Analysis of the Top Market Players:
1. Waterline Renewal Technologies Inc
2. Roto-Rooter Group Inc
3. Advanced Trenchless Solutions LLC
4. Sekisui Chemical Co Ltd
5. Granite Construction Inc
6. Aegion Corp
7. Silverlining Holding Corp
8. NuFlow Technologies Inc
9. Pipe Restoration Solutions Inc
10. RPB Inc
11. Aquam USA Inc
In this report, the market has been segmented on the basis of:
Solution Type [Cured-in-place Pipe (Patch or Spot Repair and Liner or Longer Repair), Pull-in-place, Pipe Bursting, and Internal Pipe Coating]
End User (Oil & Gas, Chemicals, Municipal, and Others)
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Oil and gas pipeline construction has increased across North America, with growing investment activities across the US. For instance, in 2019, Mountain Valley Pipeline officials completed a project valued at US$ 4.6 billion. In April 2023, US Michigan officials approved an investment of US$ 500 million to renovate the protective tunnel of an aging oil pipeline. The oil pipeline runs beneath Michigan, connecting two great lakes. Further, in April 2023, NV5 Global, Inc., a provider of conformity assessment and consulting solutions, was awarded a contract of US$ 16 million for the utility gas pipeline designing and supporting services for the California gas utilities. NV5 Global, Inc. offers engineering design for asset integrity management and gas pipeline improvements to support the reliable and safe delivery of natural gas. In May 2023, US Federal authorities announced funding of around US$ 196 million with a US$ 1 billion program for repairing and replacing the aging and leaking natural gas pipelines across the country. Such renovations in the oil and gas pipeline infrastructure across the globe are driving the pipe relining market.
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