CIPP Installation Market Estimated At $2.95 Billion By 2028


Posted September 25, 2023 by NuFlowusa

$2.95 Billion Is The Estimated Worth Of The CIPP Installation Market By 2028.

 
The global CIPP installation market is growing in demand by the day. This is driven by the ageing pipeline infrastructure, regulations for maintenance and leaks and cost savings. This pipeline repair process is a growing market that is expected to reach $2.95 billion in the next five years.

The industry is currently worth $2.21 billion and is expected to rise to $2.95 billion in the next five years at a growth rate of 6% CAGR. Nu Flow is a leader in CIPP installations throughout the world with global plumbing partners to provide clients with first-class pipe repair solutions at competitive prices. In 2021, Nu Flow announced an exclusive partnership with Champion Plumbing. Champion Plumbing provides plumbing services to Oklahoma City and is now the only certified Nu Flow installer and distributor in the area.

The demand for CIPP installation continues to rise throughout the European market, including Germany, Spain, the United Kingdom, France and Italy. In 2022, Germany accounted for the largest CIPP installation market. The growing urbanization in the area increased the need for high-quality pipeline repairs with many communities choosing trenchless repairs for its safety, speed and affordability.

Frankfurt Airport announced using CIPP installation in 2018 for wastewater repairs throughout the airport. The heavy use of the sanitation infrastructure for forty years resulted in cracks, wear and tear and corrosion of the pipes installed. Overcoming these issues was done with CIPP installation, helping to save money and provide long-lasting results.

Tom Bowman, the President at Nu Flow, said “CIPP installation is increasing around the world. Based on the method used more home and business owners are looking to this technology rather than replacing their existing and damaged pipes. CIPP lining, which is Cured in Place Pipelining, is the largest trenchless relining market, adding a hardened inner lining into the existing pipe, renewing it and giving it a long life span. Our technology works for storm drains, gravity sewers, pressure pipes and more.”

With pipeline infrastructures ageing by the day around the world, it's no surprise the demand for trenchless pipe lining solutions is growing at such a rapid rate.

About Us:

Nu Flow is a leading drain and sewer line repair specialist company based in the United States. This well-established company was formed in 1998 and originally manufactured and installed patented trenchless drain and sewer lines for single-family homes throughout the country. Today they are a global company that developed a new method in 2000 similar to a stent used to open the arteries to the heart. Nu Flow offers their services using plumbing partners on a global scale offering a unique internal bladder to repair damaged drain and sewer lines in an effective, fast and affordable manner. To find out more, visit their website at https://www.nuflow.com.
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Issued By Cameron Manners
Phone (800) 834-9597
Business Address 7710 Kenamar Court, San Diego, California
Country United States
Categories Home
Tags pipe relining , trenchless pipe lining
Last Updated September 25, 2023