water-infrastructure-and-repair-technology-wirt-market

Water Infrastructure and Repair Technology (WIRT) Market By Repair Technology (Remote Assessment & Monitoring, Open & Cut-Pipe Repair, Spot Assessment & Repair, And Trenchless Pipe Repair), By Infrastructure (Fresh/Potable Water Infrastructure, Drinking Water Infrastructure, And Waste Water Infrastructure) – Growth, Future Prospects and Competitive Analysis, 2021 – 2029

10 Dec 2017 Format PDF icon PPT icon XLS icon Request Sample

Globally the maintenance cost of the water infrastructure, is very high. This is one of the major reasons for lack of attention in many countries towards repair and maintenance. In recent years, better technologies are being presented in the repair of water infrastructure, globally.

Rust is the major damaging factor for water pipelines and its related infrastructure. Since the repair and maintenance bills were included in the consumer bills, the infrastructure was thus subjected to huge neglect by the stake owners. A decade ago, the special budget requirement in maintenance of the infrastructure was very low and thus low impetus was stressed upon it. With rising need for sanitation, safe and unadulterated water, special budget for repair and maintenance of water infrastructure was increased. Live data collection of the fallacies, less involvement of human in detection of fallacies and new technologies like CIPP (cured in-place pipe lining) made the repair and maintenance of water infrastructure more streamlined. With growing impetus on sanitation and health hazards due contaminated water consumption, the infrastructure’s repair and maintenance are being looked upon with vital importance. The stakeholders of the water infrastructure have special budget allotment especially for the repair and maintenance

Remote assessment and monitoring (onsite wastewater treatment system) is an important part of infrastructure that serves many large/small municipalities and industrial facilities. These systems are reliable, protective and appropriate in numerous situation. Owing to increasing urbanization, rising population, increasing public health awareness, water quality issues have to be catered to with utmost importance. The WIRT provides sophisticated technology and treatment with disciplined analysis of diagnosis methods applied for system failure or malfunction.

Water Infrastructure and Repair Technology (WIRT) Market

Smaller cities are now being developed into world-class cities with major developments in the IT sector, oil and gas, chemical, manufacturing, production and others. With new cities in development, the need for infrastructure upgradation or permanent replacement or new installation would be required. New technologies are being introduced in repair, maintenance and upgradation of water infrastructure like spot assessment, remote assessment and monitoring amongst others. These technologies comply with the industrial standards.

Global Water infrastructure and repair technologies (WIRT) market is segmented by region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2020, Asia Pacific led the global water infrastructure and repair technologies (WIRT) market followed by North America and Europe. The cumulative share of Asia Pacific and North America is expected to be about 40% by value of the total market size in 2029. The developing countries of Africa (including Nigeria, South Africa, Angola, Kenya, Ghana, and Ivory Coast), and Latin America (including Peru, Uruguay, Argentina, and Chile amongst others) are the other attractive market for WIRT after Asia Pacific during the forecast period.

The key water infrastructure developers, suppliers and service providers are, but not limited to: - 3M Company, Aclara Technologies LLC, Action Products Marketing Corp., Advanced Trenchless Inc., Black & Veatch, Brandenburger Liner Gmbh & Co. KG, Brawoliner, EEG Ltd., Electro Scan Inc., KMB Pipe Rehabilitation Emirates L.L.C., Krausz Ltd., Lanzo Trenchless Technologies, Mueller Water Products Inc., and National Liner LLC.

Cost incurred in repair and maintenance of ageing water infrastructure and utilities is high. Majority of the maintenance costs were included in the consumer bills (water bills). Better technologies thus have been introduced in the repair of water infrastructure market.

Fresh/Potable water infrastructure, such as pipeline, faces major issue of damage caused by metal rust. Most of the water pipelines are neglected by the infrastructure stakeholders as no special provision is being made for repair and maintenance. With growing emphasis on the health and sanitation, special budget has been allotted by the infrastructure stakeholders for repair and maintenance takers of water infrastructure. The infrastructure companies have made it mandatory to maintain stricter norms for potable and drinking water infrastructure owing to increasing awareness about the ill effects due to consumption of contaminated water.

Wastewater from chemical, inks/dyes, automobile, oil and gas refineries, food-processing industry, and others have adverse effects on the underground stored water. Globally, the market for wastewater infrastructure and repair technologies is expected to be the highest in the infrastructure type segment.

The huge network of water infrastructures repair and maintenance requires frequent attention. Costs incurred during the repair and maintenance of such a huge network is very high. Due to increasing urbanization, development of remote areas into IT hubs, automobile industry, chemicals industry, refineries and others require expansion of existing water pipeline network. This may result in repair or even permanent replacement of major fresh/potable water pipelines. New technologies are required in such cases to optimize the overall water pipelines and its related infrastructure networks. The technologies for repair consists of products and solutions to assist inspection of water pipelines detect errors and optimize the opportunities while they are addressed.

The spot assessment and repair technologies provide on-spot repair methods and are mostly sought after. This method is more suitable for old underground infrastructures. In many cases, even on leak detection the leak spot is not visible for a long time. Inline leak detection detects the spot and the repair is done on the spot. These technologies are customizable based on the water infrastructure patterns and conditions. Abrupt stopping of water flow, less trenching and excavation of the site and no shut down of water services are some of the major advantages of spot assessment and repair technology. This has been the major driving factor of the WIRT market.

Remote assessment & monitoring and trenchless pipe repair are high cost involving technologies. These are desirable in case of infrastructure overhaul or infrastructure under extreme environment conditions. The remote assessment and monitoring technologies combined with trenchless pipe repair is expected to gain more impetus during the forecast period.

In 2020, Asia Pacific led the global water infrastructure and repair technology (WRIT) market followed by North America. The Asia Pacific region had the highest number of new WIRT technologies installations specifically in China, India, Japan, and South Korea. The region is expected to have wide outreach for new repair technologies such as like spot assessment, open and cut-pipe repair and trenchless pipe repair during the forecast period.

With growing population and urbanization, the construction activities involves more digging and excavation operations. There may be a danger where the existing water infrastructure could get damaged. Thus the repair and maintenance activities are under huge demand in the developing nations like China, India, Nigeria and Indonesia, globally, since the construction and infrastructure building activities are growing at a very high rate.

By 2029, the Asia Pacific and North America would be the high growth regions. Asia Pacific, with countries like China and India, is expected to have the highest market outreach than any other region. More impetus have been stressed on the conservation of water in the developing countries. Thus, the water infrastructure and repair technology (WRIT) market is expected to witness healthy growth, globally, for the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Water Infrastructure and Repair Technology (WIRT) market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Water Infrastructure and Repair Technology (WIRT) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Repair Technology
  • Remote Assessment & Monitoring
  • Open and Cut-Pipe repair
  • Spot Assessment and Repair
  • Trenchless Pipe Repair

Infrastructure
  • Fresh/Potable Water Infrastructure
  • Drinking Water Infrastructure
  • Waste Water Infrastructure

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Water Infrastructure and Repair Technology (WIRT) market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Water Infrastructure and Repair Technology (WIRT) market?
  • Which is the largest regional market for Water Infrastructure and Repair Technology (WIRT) market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Water Infrastructure and Repair Technology (WIRT) market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Water Infrastructure and Repair Technology (WIRT) market worldwide?
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