The market for water infrastructure repair technologies has grown significantly, rising from $74.39 billion in 2023 to $80.74 billion in 2024, achieving a compound annual growth rate (CAGR) of 8.5%. This growth is largely due to aging infrastructure, urbanization, environmental issues, water scarcity, and natural disasters. Looking ahead, the market is projected to reach $109.65 billion by 2028, with a CAGR of 8.0%. Key drivers of this future growth include advancements in smart infrastructure, decentralized water systems, cybersecurity resilience, private sector investments, and evolving regulations. Emerging trends to watch include remote inspection technologies, modular and hybrid infrastructure approaches, resilience certification, and energy harvesting technologies.
Major Driver In The Water Infrastructure Repair Technologies Market
The water infrastructure repair technologies market is witnessing growth propelled by ageing water infrastructure. Defined as water resources, storage, irrigation, or federal agency projects exceeding 75 years, this ageing infrastructure results in billions of gallons of potable water leakage annually. To address this issue and prevent future water shortages, water utilities continually update and enhance their systems using water infrastructure repair technologies. According to the report card for America’s infrastructure 2021, the United States grapples with 2.2 million miles of ageing water pipes, causing a daily loss of 6 billion gallons due to water main breaks every two minutes. Hence, the aging water infrastructure is a significant driver for the water infrastructure repair technologies market, supported by market size values in 2023, 2024, and 2028.
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Water Infrastructure Repair Technologies Market Competitive Landscape
Veolia Water Technologies & Solutions, 3M Company, Suez SA, Core & Main Inc., Xylem Inc., Pentair plc, IDEX Corporation, Kurita Water Industries Ltd., Uponor Corporation, Mueller Water Products Inc., Aegion Corporation, Thermax Ltd., Layne Christensen Company, Badger Meter Inc., Avanti International Acquisitions Inc, VA Tech Wabag Ltd., Aquatech International Corporation, GE Water & Process Technologies, Applied Felts Inc., AGRU America Inc., Innovyze Inc., Hawle Valves India Pvt Ltd., American Leak Detection Holding Corp, Brandenburger Liner GmbH & Co KG, Advanced Trenchless Inc., Primayer Limited, Electro Scan Inc., Infrastructure Repair Systems Inc., Atlantis D-Raintank LLC, Aqua Innovative Solutions Pvt Ltd., UEM India Pvt Ltd., Voltas Limited
Key Water Infrastructure Repair Technologies Market Trend
Deploying innovative water technologies is a key trend gaining popularity in the water infrastructure repair technologies market. Major companies operating in the market are providing innovative water technologies, such as quick installation products. For instance, in March 2022, NORMA Group, a Germany-based machine industry company, developed the NORMA MARLIN PN16, a QuickTight technology compression fitting product that can be tightened, reducing the installation time of customers by around 50%. This system has a special lip gasket, using which customers can connect two water lines. The NORMA MARLIN PN16 is a compression fitting used for drinking water installations, irrigation, and sanitary systems, as well as other applications.
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Water Infrastructure Repair Technologies Market Segmentation
The water infrastructure repair technologies market covered in this report is segmented –
1) By Product: Flanges, Valves, Fittings, Pipes And Connectors, Couplings
2) By Repair Technology: Remote Assessment And Monitoring, Open And Cut-Pipe Repair, Spot Assessment And Repair, Trenchless Pipe Repair
3) By Application: Drinking Water Distribution, Wastewater Collection
By Geography:The regions covered in the water infrastructure repair technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the water infrastructure repair technologies market in 2023.
The Water Infrastructure Repair Technologies Global Market Report 2024 furnishes information about the global water infrastructure repair technologies market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
