Report : Pipe Relining Market to 2027 - Global Analysis and Forecasts by Solution Type (Cured-in-place, Pull-in-place, Pipe Bursting, Internal Pipe Coating); End-User (Oil & Gas, Chemicals, Municipal, and Others), and Geography
The global pipe relining market was valued US$ 7.79 Bn in 2019 and is expected to reach US$ 11.08 Bn by 2027, with a CAGR growth rate of 4.6% in the forecast period from 2020 to 2027.
Through continuous advancement of technology resulting in the development of superior equipment and technology-driven solutions has facilitated in enabling improved pipeline repair as well as maintenance related services. Among these, the cured-in-place pipe relining (CIPP) based solution type remains extensively accessible over conventional pipeline repair process as it offers evolutionary advantages in terms of costs, efforts, and efficiency of pipeline repair when compared with traditional methods that involved digging the damaged pipes. Furthermore, other solution types such as pull-in-place, pipe bursting, and internal pipe coating also have witnessed their adoption across different industry verticals over the years.
These cities are further witnessing continuous growth and urbanization, resulting in a burgeoning need for restoration of pipeline systems. Several of the European cities are the oldest in the world. Thus, there is a growing concern of the aging infrastructure, unreachable water systems, and smaller pipelines. The aging infrastructure of the country is resulting in additional expenditure for the maintenance of aged pipes. Therefore, aging infrastructure of developed economies is creating a demand for sewage restoration thereby, propelling the pipe relining market. Owing to the ageing infrastructure of developed economies, countries are anticipated to invest in trenchless technology. Pipe relining is an affordable, safe, cost-efficient way to reduce public disturbances while completion of a task is thus, a viable option for restorable of pipelines Owing to the concern of public safety and scarcity of clean water in various countries, the respective governments are investing heavily in the development of proper sewage infrastructure as well as in wastewater management. Public safety is one of the prime concerns of the country’s government. There are several benefits of proper sewage systems such as better quality of life and hygiene conditions, preserving the natural environment, saving and processing waters, economic development, reducing the risk of damage related to floods, and well as an increased standard of living. For this, the government of various economies is investing heavily in developing new sewage infrastructure as well as for the up-gradation of the old sewage infrastructure. However, government investments in the wastewater management and up gradation of sewage infrastructure is likely to provide new opportunities for pipe relining market.
The report segments the global pipe relining market as follows:
Global Pipe Relining Market – Solution Type
Global Pipe Relining Market – By End User
Global Pipe relining Market – By Geography