Trenchless Pipe Rehabilitation Market Outlook 2024-2033: Trends and Projections
Trenchless Pipe Rehabilitation Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Trenchless Pipe Rehabilitation Market Analysis 2024: Size Forecast and Growth Prospects
Trenchless Pipe Rehabilitation Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Trenchless Pipe Rehabilitation Market Overview 2024: Size, Growth Rate, and Segments
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The trenchless pipe rehabilitation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Trenchless Pipe Rehabilitation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The trenchless pipe rehabilitation market size has grown strongly in recent years. It will grow from $4.39 billion in 2023 to $4.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to an increase in spending by government and municipal corporations, an increasing need for sustainable infrastructure solutions, growing public awareness of the benefits of trenchless technology, increasing urbanization, and growth in trenchless pipe rehabilitation.
The trenchless pipe rehabilitation market size is expected to see strong growth in the next few years. It will grow to $6.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing the infrastructure budget, an increase in infrastructure maintenance and repair demand, increasing use of cured-in-place pipe (CIPP) lining, demand for trenchless rehabilitation of pipes, and growth in municipalities and cities. Major trends in the forecast period include technological advancements, product innovations, the launch of its new petra platform, the adoption of IoT and sensor technology, and the incorporation of trenchless technology.
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Scope Of Trenchless Pipe Rehabilitation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Trenchless Pipe Rehabilitation Market Overview
Market Drivers –
The increasing demand for infrastructure rehabilitation is expected to propel the growth of the trenchless pipe rehabilitation market going forward. Infrastructure rehabilitation refers to repairing, restoring, and upgrading existing infrastructure systems to ensure continued functionality, safety, and efficiency. The demand for infrastructure rehabilitation is due to aging infrastructure, economic impact, environmental considerations, and sustainability goals. Trenchless pipe rehabilitation offers a minimally invasive, cost-effective, and environmentally friendly approach to infrastructure rehabilitation. It efficiently addresses the challenges of aging underground pipelines, contributing to the overall improvement and longevity of essential infrastructure systems. For instance, in August 2023, according to the American Road & Transportation Builders Association (ARTBA), a US-based government agency, more than 222,000 U.S. bridges need major repair work or should be replaced, representing 36% of all U.S. structures. Therefore, the increasing demand for infrastructure rehabilitation drives the trenchless pipe rehabilitation market.
Market Trends –
Major companies operating in the trenchless pipe rehabilitation market are focused on developing technology such as UV-cured technology to enhance efficiency, reduce curing times, and improve the durability of pipe linings. UV-cured technology allows for faster project completion, minimizes the environmental impact, and is particularly effective in rehabilitating pipes in challenging environments, such as urban areas where minimizing disruption is crucial. For instance, in June 2024, United Felts LLC, a US-based company that offers trenchless pipe rehabilitation, launched a new UV-cured-in-place pipe (CIPP) portfolio for trenchless sewer rehabilitation. This portfolio leverages advanced UV curing technology, a significant innovation in the trenchless pipeline repair industry. It is designed to cater to various pipe sizes and conditions, offering a versatile solution for municipalities and contractors looking to rehabilitate aging or damaged sewer systems without requiring extensive excavation.
The trenchless pipe rehabilitation market covered in this report is segmented –
1) By Type: <18 Inch Pipes Line, 18-36 Inch Pipes, >36 Inch Pipes, Other Types
2) By Method Type: Cured-In-Place Pipe (CIPP), Pipe Bursting, Slip-Lining, Spray-In-Place Piping (SIPP), Other Method Types
3) By Application Type: Main Pipes, Wastewater Pipes, Other Application Types
4) By End User: Residential, Commercial, Industrial, Municipal
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Regional Insights –
North America was the largest region in the trenchless pipe rehabilitation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the trenchless pipe rehabilitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the trenchless pipe rehabilitation market are Granite Construction Inc., Trelleborgs Gummifabriks AB, Michels Corporation, Roto-Rooter Group Inc., Insituform Technologies Inc., Ashimori Industry Co. Ltd., Vortex Companies LLC, Sewer Equipment Company, SPML Infra Ltd., Waterline Renewal Technologies Inc., NuFlow Technologies Inc., SAK Construction LLC, Spinello Companies, Hobas Pipe USA Inc., HK Solutions Group, AquaPipe, Impreg Group LLC, NordiTube Technologies SE, Amex Sanivar, Saertex Multicom GmbH, Pipe Restoration Technologies LLC
Table of Contents
1. Executive Summary
2. Trenchless Pipe Rehabilitation Market Report Structure
3. Trenchless Pipe Rehabilitation Market Trends And Strategies
4. Trenchless Pipe Rehabilitation Market – Macro Economic Scenario
5. Trenchless Pipe Rehabilitation Market Size And Growth
…..
27. Trenchless Pipe Rehabilitation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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