Global Trenchless Pipe Rehabilitation Market Report 2023: An Estimated $7.2 Billion Industry in 2028 - Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunities
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Dublin, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The "Trenchless Pipe Rehabilitation Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The Trenchless Pipe Rehabilitation Market is projected to grow at a promising CAGR of 4.9% over the next five years to reach an estimated value of US$ 7.2 billion in 2028.

Trenchless pipe rehabilitation technologies have gained global attention due to their exceptional performance and numerous benefits, offering a way to repair, renew, or replace underground pipelines with minimal or no excavation.

The market for these technologies is diverse, featuring a multitude of local, regional, and global players. The competitive landscape in the trenchless pipe rehabilitation technology market has seen significant shifts, with different technologies and players dominating various regions. However, gradual consolidation has occurred over time, with major players acquiring smaller or local competitors.

These technologies offer several key advantages, making pipeline rehabilitation easier, cleaner, faster, and more cost-effective. They also avoid disrupting traffic and provide a seamless pipe relining process without unpleasant odors. The equipment and liner materials used in these technologies must adhere to certification and standards, such as NSF/ANSI 61, which ensure that materials for lining water main pipelines meet the required norms to prevent contamination of drinking water.

Government and municipal spending on infrastructure rehabilitation in various countries serve as a primary driver of the market. Additionally, increased awareness of trenchless (no-dig) technologies, particularly in emerging economies, contributes to market growth.

Aging water main and wastewater pipelines in major markets like the USA, Germany, and Canada, combined with the growing adoption of trenchless pipe rehabilitation technologies, are driving significant market expansion. For example, in the USA, there are over two million miles of water main pipes, many of which were installed in the mid-20th century. To address this aging infrastructure and meet the needs of a growing population, it is estimated that over US$1 trillion in investment will be required over the next 25 years.

In the USA, annual spending plans for pipe rehabilitation reached US$10.3 billion in 2022 and are projected to increase to US$11.3 billion in 2023, as reported in the 26th annual municipal sewer/water infrastructure report card. Similar trends are observed in other major countries in the market, such as Germany and Canada.