Pipe Relining Market to 2025 - Global Analysis and Forecasts
LONDON, March 25, 2019 /PRNewswire/ -- The global pipe relining market was valued at US$ 7,265.3 Mn in 2017 and is expected to grow at a CAGR of 4.3% during the forecast period 2018 - 2025, to account to US$ 10,058.3 Mn by the end of 2025. The global pipeline relining market is witnessing a decent growth rate in the current scenario with regards to increasing adoption of the techniques in different economies. The market players operating in different geographies are undertaking several campaigns in order to increase the awareness of the systems among the government, municipalities and the mass with an objective to increase the procurement. The easy and effective methods used by the pipe relining companies to restore proper functioning of the system is influencing the authorities to opt for the solutions. Various developed economies worldwide are facing severe challenges attributing to their aging water infrastructure. These cities are further witnessing continuous growth and urbanization resulting in the burgeoning need for restoration of pipeline systems.
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The key trend which will predominantly affect the pipe relining market in the coming year is a reduction in cost, which in response would accentuate the pipe relining market growth.The increasing popularity of pipe relining market among various sectors in developed countries and few developing countries is because of non-requirement of excavating the entire pipeline.
The exponential increase in population across geographies is expected to put the municipal infrastructure to be at risk in the near future.The pipeline relining technologies available in the present market includes cured-in-place, pull-in-place, pipe busting and internal pipe coating.
These technologies or pipe renovation solutions offer long term sustainability of the sewage pipelines, however, the cost of these solutions are high at present.And pertaining to the high cost of these solutions types, various governments in developed countries and developing countries are limiting the procurement of these systems.
The reduction in cost of the pipeline relining solutions, would strengthen the adoption of the technologies, which will impact the growth of market in the coming years.
Pipe relining market by solution type is segmented into Cured-in-place, Pull-in-place, Pipe Bursting, and Internal Pipe Coating.In several cases, relining of the pipe is considered as a viable alternative for sewer pipe replacement.
The process is carried out in two steps; cleaning of the old pipeline through hydro jetter, which increases the chances to search for other leakages and cracks, and the second step is to reline the pipe with a new liner with hot and high pressurized seals.
The overall market size has been derived using both primary and secondary source.The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market.
Also, a primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the pipe relining market industry.
Reasons to Buy
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the pipe relining market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to solution type segmentation.
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