Report : Asia Pacific Trenchless Pipe Relining Market Forecast to 2030 - Regional Analysis - by Method (Cured in Place Pipe, Pull-in-Place, Pipe Bursting, and Internal Pipe Coating), End User (Residential, Commercial, Industrial, and Municipal), and Diameter (Below DN 50, DN 51 - DN 150, DN 151 - DN 250, and Above DN 251)
At 6.4% CAGR, Asia Pacific Trenchless Pipe Relining Market is Speculated to be Worth US$ 1,682.18 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific trenchless pipe relining market was valued at US$ 1,026.26 million in 2022 and is expected to reach US$ 1,682.18 million by 2030, registering a CAGR of 6.4% from 2022 to 2030. Technological innovation and advancement in trenchless pipe relining and stringent regulations for leakage and maintenance of pipeline networks are among the critical factors attributed to drive the Asia Pacific trenchless pipe relining market growth.
Leakage from pipelines can cause significant environmental damage and economic losses. While pipelines were designed and constructed to maintain integrity, it is difficult to avoid leakage in a pipeline system during its lifetime. Enabling methods to reduce the event of leakages is necessary to minimize damage. Thus, governments of several countries have imposed strict regulations regarding the maintenance of pipeline networks, thereby reducing the occurrence of water leakages.
The Indian government supports state efforts by offering financial and technical support for water infrastructure development. For instance, the Jal Jeevan Mission (JJM) was launched in August 2019 by the Indian government in collaboration with the States with the goal of providing every rural home in the nation with access to drinkable tap water by 2024. Further, the Indian government has released JJM Operational Guidelines, which state that, depending on the situation and any future amendments, the material type to be employed in a given terrain or condition should follow the Central Public Health and Environmental Engineering Organisation (CPHEEO) recommendations. The Public Health Engineering Departments, Rural Water Supply, and Concerned Departments in the States and UTs are the implementing agencies. They are in charge of making sure the CPHEEO recommendations are followed.
Such government initiatives to minimize leakage and maintain pipeline networks propel the adoption of trenchless pipe relining solutions, which fuels the growth of the trenchless pipe relining market.
On the contrary, lack of awareness regarding trenchless pipe relining hurdles the growth of Asia Pacific trenchless pipe relining market.
Based on method, the Asia Pacific trenchless pipe relining market is divided into cured in place pipe, pull-in-place, pipe bursting, and internal pipe coating. The cured in place pipe segment held 39.8% market share in 2022, amassing US$ 408.93 million. It is projected to garner US$ 715.44 million by 2030 to register 7.2% CAGR during 2022–2030.
In terms of end user, the Asia Pacific trenchless pipe relining market is segmented into residential, commercial, industrial, and municipal. The residential segment held 40.3% share of Asia Pacific trenchless pipe relining market in 2022, amassing US$ 413.42 million. It is anticipated to garner US$ 686.57 million by 2030 to expand at 6.5% CAGR during 2022–2030.
By diameter, the Asia Pacific trenchless pipe relining market is divided into below DN 50, DN 51 - DN 150, DN 151 - DN 250, and above DN 251. The below DN 50 segment held 39.5% share of Asia Pacific trenchless pipe relining market in 2022, amassing US$ 405.36 million. It is projected to garner US$ 670.71 million by 2030 to expand at 6.5% CAGR from 2022 to 2030.
Based on country, the Asia Pacific trenchless pipe relining market is categorized Australia, India, China, Japan, South Korea, New Zealand, and the Rest of Asia Pacific. Our regional analysis states that China captured 31.8% share of Asia Pacific trenchless pipe relining market in 2022. It was assessed at US$ 325.94 million in 2022 and is likely to hit US$ 531.57 million by 2030, registering a CAGR of 6.3% during 2022–2030.
Key players operating in the Asia Pacific trenchless pipe relining market are SAERTEX MultiCom GmbH, United Felts Inc, Trelleborg AB, and RelineEurope GmbH, among others.
- In February 2023, The Vortex Companies has introduced a UV CIPP Systems portfolio, including curing equipment, liners, and custom truck builds, for aging infrastructure rehabilitation. The company, in partnership with IMS Robotics, offers advanced UV curing equipment for pipe diameters 6" to 80. The new EnviroCure UV Liner is pre-impregnated with resin and corrosion resistant. Vortex also provides an immersive training program with classroom and live field training.
- In September 2023, Quad-C Management has invested in the global provider of trenchless infrastructure rehabilitation products and services, Vortex Companies. The company, which operates in 12 locations across the US and Asia Pacific, is led by co-founder and CEO Mike Vellano. The investment aims to accelerate growth at Vortex, which is currently led by Mike Vellano.
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