Pipe Relining Market Growth, Size, Share, Trends, Key Players Analysis

 The pipe relining market size is projected to reach US$ 12,761.26 million by 2030 from US$ 8,499.51 million in 2022. The market is expected to register a CAGR of 5.2% during 2022–2030. Growing urbanization with significant investments in infrastructure rebuilding is likely to remain a key trend in the market.

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Pipe Relining Market Analysis

Several developed nations across the globe are confronting key challenges due to their ageing water infrastructure. Cities are further witnessing constant advancement and urbanization, resulting in a burgeoning necessity for the restoration of pipeline systems. Several European cities are among the oldest in the world. Thus, there is a growing concern about the aging infrastructure, smaller pipelines and unreachable water systems. The condition of underground water infrastructure, clean water supply and sewage maintenance are some of the key areas in a European infrastructure that are most financially neglected. The cities and municipalities are at major risk, and there is a need to find an immediate and cost-effective solution. Owing to the aging infrastructure of developed nations, countries are projected to spend in trenchless technology. Pipe relining is an affordable, safe, cost-efficient way to reduce public disturbances during the completion of a task; it is thus a viable option for restoring pipelines.