Lucintel Forecasts Trenchless Pipe Relining Market to Reach $4.0 Billion by 2028

Category: Business

According to the recent study the trenchless pipe relining market is projected to reach an estimated $4.0 billion by 2028 from $3.0 billion in 2022, at a CAGR of 4.6% from 2023 to 2028. Growth in this market is primarily 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. Browse 98 figures / charts and 78 tables in this 183 -page report to understand trends, opportunities and forecast in trenchless pipe relining market by method type (CIPP, slip-lining, SIPP, and others), application (water main pipes, wastewater pipes, and others), diameter (<18 inch, 18-36 inch, and >36 inch), and region (North America, Europe, Asia Pacific, and the Rest of the World). Download sample report by clicking on below link https://www.lucintel.com/trenchless-pipe-relining-market.aspx “CIPP (Cured-in-Place Pipes) market is expected to remain the largest segment during the forecast period.” Based on method type, the trenchless pipe relining market is segmented into CIPP, slip-lining, SIPP, and others. Lucintel forecasts that the CIPP (Cured-in-Place Pipes) market is expected to remain the largest segment 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. “Within the trenchless pipe relining market, the wastewater pipes segment is expected to remain the largest application” Based on application the wastewater pipes segment is expected to witness the highest growth over the forecast period due to aging infrastructure of developed economies is likely to fuel the demand for the wastewater segment in trenchless pipe relining activities. “Asia pacific will dominate the trenchless pipe relining market in near future” 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. Download Brochure of this report by clicking on https://www.lucintel.com/trenchless-pipe-relining-market.aspx Major players of trenchless pipe relining market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Inland Pipe Rehabilitation, LLC. (IPR), Granite Construction Inc., Aegion Corporation, NuFlow Technologies, Waterline Renewal Technologies, Per Aarsleff, and SAK Construction, LLC are among the major trenchless pipe relining providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/trenchless-pipe-relining-market.aspx or helpdesk@lucintel.com