Global Water Infrastructure Repair Technologies Market, 2016–2024
Water Infrastructure Repair Technologies Market: Overview
The aging infrastructure of water needs repair and renovation. That brings the necessity for different companies to offer water infrastructure repair technologies. The huge water networks need maintenance and hence are seeking new methods and technologies that can improve their pipe networks. The demand for freshwater is increasing whereas the freshwater reserves are decreasing; thus, there is a greater need for repair technologies. The water infrastructure repair technologies consist of products and solutions that help in inspecting the pipelines, find the defects, and solve them. As new and smarter methods are coming for the management of water supply and its billing, the repair technologies cannot lag behind. For instance, companies such as Piping Repair Technologies offer economical engineered composite repair solutions and engineered composite systems for piping and infrastructure repair, which are in compliance with following industry standards: ASME PCC-2, ISO/TS 24817, US DOT 49 CFR Parts 192/195 and NSF/ANSI 61.
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Water Infrastructure Repair Technologies Market: Segmentation
The global water infrastructure repair technologies market can be segmented based on its product type and region. On the basis of the product type, the global water infrastructure repair technologies market is segmented into flanges, valves, fittings, pipes and connectors, couplings, and adaptors. The geographical regions of the water infrastructure repair technologies market are categorized into Asia Pacific, North America, Europe, and Rest of the World.
Water Infrastructure Repair Technologies Market: Growth Factors
Increasing demand for monitoring technologies and pipe repair along with spot assessment, one of the popular technologies, is the main driving factor for the global market growth. The vendors are now coming up with unique solutions in the water infrastructure repair technologies boosting the global market growth. These solutions are long lasting and require less maintenance. The challenge faced by the company dealers is the product differentiation as it is of low level in case of these products. Irrespective to this challenge, the global market players are now giving high-quality products with more benefits in order to retain their existence in the global water infrastructure repair technologies market. The main advantage of these products is less wastage of water without the water to getting contaminated. Recently, the development of the new products such as smart water networks and water meters is providing the companies with ample opportunities to grow.
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Water Infrastructure Repair Technologies Market: Regional Analysis
The countries in North America have a requirement to improve their aging water infrastructure, especially the U.S., hence driving the global water infrastructure repair technologies market growth. Growing population and increasing industrial sectors are compelling the government to invest money in water infrastructure repair technologies to limit the wastage of water, thus providing the market for growing positively. Asia Pacific, the Middle East, and Latin America are in great need for advanced water infrastructure technologies owing to their dependency on conventional repair techniques. Thus, the market growth is gaining momentum in these regions.
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Water Infrastructure Repair Technologies Market: Competitive Players
Some of the major players operating in the water infrastructure repair technologies market are 3M Company, Action Products Marketing Corp., Advanced Trenchless Inc., Aegion Corp., Affordable Trenchless & Pipe Lining, Agra Kunstofftechnik GmbH, Amex GmbH, Applied Felts Inc., Atlantis Plumbing, Aries Industries Inc., and Brandenburger Liner GmbH & Co. KG. Other key players dominating the global market are Brawoliner, Contech Engineered Solutions LLC, Craftsman Pipe Lining Inc., Dalco Services Inc., Ecoliner Inc., EEG Ltd., Ferratex Inc., and Ferro Monk Systems Ltd.
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