Pipe Relining Market: An Analytical Overview
The development driven by the aging infastrainucter and urbanized leads to the market of pipe relining to grow much faster than before. Because pipe relining is a trenchless technology, in which damaged pipelines can be repaired by patching without excavating, this makes it a popular solution for municipal, industrial, and residential applications. Various end-user industries can use it to improve the efficiency of pipe repair, reducing the chance of impacting the ground above. The market of pipe relining totaled US$ 8,499.51 million in 2022, with an expectation of reaching US$ 12,761.26 million by 2030 at a CAGR 5.2% during the forecast period of 2022-2030. Market Dynamics Key Drivers A change of pace: Ages-old pipeline infrastructure (mainly water and sewage) in major urban areas around the globe is deteriorating in various places. Pipe relining is a less costly and efficient approach towards retrofitting and rehabilitation of existing pipeline infrastructure and have less impa...