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Global Drinking Water Pipe Repair Market Outlook to Reach US$128.5 Bn by 2031, Driven by Water Scarcity Concerns and Rapid Urbanization - Latest Report by Transparency Market Research Inc.

Global Drinking Water Pipe Repair Market Outlook to Reach

The global drinking water pipe repair market, valued at approximately US$71.1 billion in 2022, is projected to grow at a CAGR of 6.8% from 2023 to 2031, reaching US$128.5 billion by the end of the forecast period.

As concerns over water scarcity intensify and rapid urbanization drives population growth, governments worldwide are increasingly emphasizing water conservation. This, coupled with the pressing need to overhaul aging water infrastructure, is fueling demand for drinking water pipe repair solutions that ensure safe, efficient water distribution and environmental protection.

Uncover essential discoveries and trends from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48420

Analyst Viewpoint: Infrastructure Renewal and Water Conservation Propel Market Growth

The global drinking water pipe repair market is experiencing strong momentum due to growing concerns over water scarcity. With 2.2 billion people lacking safely managed drinking water in 2022, the imperative for reliable water distribution systems has never been greater. Rapid urbanization and population surges, particularly in emerging economies, further underscore the necessity for continuous repairs and rehabilitation of water mains. Major market players are leveraging advanced acoustic leak detection and investing in innovation hubs to expand their product portfolios, thereby enhancing the durability and efficiency of water pipe repair solutions.

Market Introduction

Water distribution systems are a critical component of social infrastructure, responsible for transporting and supplying clean drinking water to communities worldwide. Regular maintenance and timely repairs of these systems are vital to ensure uninterrupted access to safe water. Drinking water pipe repairs address issues such as leaks caused by water freezing, wear and tear, or other environmental factors, thereby reducing non-revenue water (NRW) losses and mitigating water wastage. These repair activities are increasingly supported by governmental initiatives promoting water conservation and sustainable management practices.

Key Market Drivers

Growth in Concerns Regarding Water Scarcity

In 2022, an estimated 2.2 billion people lacked safely managed drinking water, highlighting a critical need for improved water infrastructure. Governments are actively promoting water conservation programs-such as the U.S. Water Sense initiative and Singapore's NEWater program-to reduce water losses and secure fresh water supplies.

Rapid Urbanization and Population Growth

With the global population projected to reach 9.7 billion by 2050 and urban dwellers set to comprise nearly 70% of that total, the demand for efficient water distribution systems is escalating. Aging infrastructure in both developed and developing nations further necessitates extensive repair and rehabilitation projects to meet the needs of expanding urban populations.

High Demand for Pipes & Connectors

The pipes & connectors segment, which held the largest share in 2022, is witnessing increased adoption as municipalities and private enterprises invest in robust repair solutions to minimize pipe bursts and leaks. Accelerated construction activities due to industrialization and urbanization are further driving demand for these critical components.

Regional Outlook

Asia Pacific led the drinking water pipe repair market in 2022, driven by massive population growth in China and India, significant investments in construction, and proactive government initiatives. Programs like India's Atal Bhujal Yojana underscore the region's commitment to sustainable water management and are expected to bolster market growth further. Other regions, including North America and Europe, continue to invest in upgrading aging infrastructure to ensure safe and reliable water supply.

Gain valuable knowledge with the critical insights in our report - https://www.transparencymarketresearch.com/drinking-water-pipe-repair-market.html#

Analysis of Key Players

Key manufacturers in the drinking water pipe repair market are focusing on material innovations and advanced plastic manufacturing technologies to enhance product durability and corrosion resistance.

Prominent market players 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
BRAWO SYSTEMS GmbH

These companies are consistently expanding their product offerings and forging strategic partnerships to maintain a competitive edge in the global market.

Key Developments

February 2024: Corrpro UK (Holdings) Limited acquired Corrpro Companies Europe Limited from Corrpro Companies Inc., bolstering its portfolio of vital infrastructure maintenance services.

2022: Kurita Water Industries Ltd. launched the Kurita Innovation Hub, a dedicated R&D facility aimed at advancing next-generation water repair solutions.

Market Segmentation

By Type:

Pipes & Connectors
Fittings
Couplings
Valves
Others

By Repair Technology:

Remote Assessment & Monitoring
Open & Cut-pipe Repair
Spot Assessment & Repair
Trenchless Pipe Repair

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
South America

By Countries Covered:

U.S., Canada, Germany, U.K., France, Russia & CIS, Japan, China, India, ASEAN, Brazil, Mexico, GCC, South Africa

Discover More In-Depth Reports from Transparency Market Research -

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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.

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