Trenchless Pipe Relining Market is anticipated to grow at a CAGR of 4.6% during 2023-2028


Posted March 9, 2023 by Lucintel

The global trenchless pipe relining market is projected to reach $4.0 billion by 2028, at a CAGR of 4.6% during 2023-2028.

 
The global trenchless pipe relining market is projected to reach $4.0 billion by 2028, at a CAGR of 4.6% during 2023-2028. The growth of trenchless pipe relining market is driven by the growing number of aging existing pipeline network coupled with a surge in spending of government and municipal corporations towards repair and maintenance of existing pipes.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the trenchless pipe relining market by method type (CIPP, slip-lining, SIPP, and others), application (water main pipes, wastewater pipes, and others), diameter (36 inch), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the trenchless pipe relining market?
Q.4 What are some changing demands of customers in the trenchless pipe relining market?
Q.5 What are the new developments in the trenchless pipe relining market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this trenchless pipe relining area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this trenchless pipe relining market?

Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of close-fit slip-lining and growing emergence of mechanical spot repair.

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Market Segmentation:
Based on method type, the trenchless pipe relining market is segmented into CIPP, slip-lining, SIPP, and others. The CIPP (Cured-in-Place Pipes) segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, 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.
APAC will remain the fastest growing region over the forecast period due to high rate of development in countries, such as Japan and South Korea and increasing adoption of new technologies in developing economies.
Key Players in the trenchless pipe relining market are Inland Pipe Rehabilitation, LLC. (IPR), Granite Construction Inc., Aegion Corporation, NuFlow Technologies, Waterline Renewal Technologies, Per Aarsleff, and SAK Construction, LLC.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/trenchless-pipe-relining-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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Last Updated March 9, 2023