Trenchless Pipe Relining Market to grow beyond US$ 5.0 billion by 2025
February 14, 2020
Trenchless Pipe Relining Market Overview:
Trenchless pipe relining technologies are gaining traction in the global market, owing to their outstanding performance and exceptional advantages. These techniques repair existing underground pipelines by inserting a relatively small diameter pipe or by spraying coating material into the damaged pipe to create a lining within the pipe, with very limited or no excavation. The key features of these techniques are that the pipe relining has now become faster, easier, cheaper, and cleaner. In addition, these techniques avoid traffic jams, destruction of landscaping, and relining without any environmental impact.
The trenchless pipe relining market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 5.0 billion in 2025. The trenchless pipe relining market is mainly driven by an aging existing pipeline network coupled with a surge in spending of government and municipal corporations towards repair and maintenance of existing pipes.
Report Overview:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s trenchless pipe relining market realities as well as future possibilities for the forecast period of 2020 to 2025. After a continuous interest in our Trenchless Pipe Rehabilitation market, Cured-In-Place Pipe (CIPP) market, and Sprayed-In-Place Pipe (SIPP) market reports from the industry stakeholders, we have tried to further accentuate our research scope to the trenchless pipe relining market in order to provide the most thoroughgoing picture of the market. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Trenchless Pipe Relining Market Segment Insights:
Wastewater pipe: The growth engine
Based on the application type, the market is segmented as water main pipes, wastewater pipes, and others. Wastewater pipe is likely to remain the most dominant segment during the forecast period. CIPP is the most preferable method used for the rehabilitation of wastewater pipes. Watermain pipe is expected to witness the highest growth during the forecast period. The equipment and liner materials used during relining have to be compliant under the certification and standards of NSF/ANSI 61, which has norms related to the material used for the lining of water main pipelines in order to prevent contamination of injurious substances of liners with the potable drinking water.
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https://www.stratviewresearch.com/toc/658/trenchless-pipe-relining-market.html
Dominance of: CIPP
Based on method type, the market is segmented as CIPP, Slip-lining, SIPP, and Others. Trenched sewer repair usually takes a huge time compared to trenchless sewer relining; therefore, it costs more. It also requires to dig up the whole yard, which could destroy the landscaping and any other permanent structures present in the yard. To mitigate the cost and to avoid the disturbance, a wide range of trenchless pipe relining methods are available in the market. CIPP is projected to remain the most dominant as well as the fastest-growing segment during the forecast period in the trenchless pipe relining market. The dominance of CIPP technology in the market is mainly due to its fast and easy installation process, longer life cycle, and better performance over competing technologies. The CIPP lining installation rate is five times faster than the trenched replacement.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw material and equipment suppliers, trenchless pipe relining service providers/contractors, governments, municipal corporations, and public welfare societies. Some of the key players in the trenchless pipe relining market are Aegion Corporation; Granite Construction Inc.; Inland Pipe Rehabilitation, LLC. (IPR); Per Aarsleff A/S; and SAK Construction, LLC. The key customers of these players include state governments and local authorities of America, Federation of Canadian Municipalities, and Private Builders.
Regional Hegemony of North America
North America is projected to remain the largest market for trenchless pipe relining during the forecast period. The region has most of the pipelines installed which have crossed their service life or are approaching their retirement age and require repair and maintenance. The average active service life of a pipeline installed is around 50 years and most of them have crossed their lifespan, the relining provides an extension of around 30-50 years to the pipe. The USA is not only the largest market for trenchless pipe relining in North America but also in the world, the country is also among the early mover in the trenchless pipe relining concerning innovation, material selection, and technology adoption.
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