Cost Benefits Associated with Trenchless Pipe Relining Boost Asia Pacific Trenchless Pipe Relining Market
Trenchless pipe relining is a popular trenchless sewer repair option due to its various benefits. Trenchless pipe relining technology offers numerous advantages over traditional pipe replacement methods, including reduced excavation and labor excavation costs, minimal impact on surrounding property and landscape, reduced disruption to daily life, and long-lasting solutions.Traditional excavation and replacement methods need a large pool of labor and heavy equipment, which increases costs. Trenchless pipe lining reduces labor costs, as the process can be completed with a smaller crew and limited equipment. Excavation costs are also significantly reduced with trenchless pipe lining. In addition to the above-mentioned costs, trenchless pipe lining costs can be saved for restoration.
Trenchless pipe bursting costs approximately US$ 60-200 per foot, resulting in US$ 3,500-20,000 for an entire repair. Trenchless pipe lining typically costs US$ 80-250 per foot, with an average of around US$ 160 per foot. For standard sewer lines, repair costs can vary between US$ 4,000 and US$ 20,000, depending on the circumstance. Most homeowners usually pay between US$ 6,000 and US$ 12,000 to repair critical sewer connections.
Moreover, trenchless pipe linings are beneficial in the long term. The new liner provides long-term protection against future leaks and damage. It acts as a seamless inner layer to the existing pipe, which avoids future requirements for repairs and replacements, thereby saving additional costs. Thus, huge cost benefits associated with trenchless pipe relining bolster its adoption rate, which is expected to provide ample opportunities for the trenchless pipe relining market growth during the forecast period.
Asia Pacific Trenchless Pipe Relining Market Overview
Asia Pacific is dominating the trenchless pipe relining market owing to the presence of a vast underground stormwater drains and sewers pipeline infrastructure in the region, which is more than 30 years old. The presence of such an aged infrastructure in the region will require proper rehabilitation for better functioning of the pipes. In 2022, ~3,532 water pipelines were reported to have leaked and broken across SA Water's 27,000-kilometer network. Thus, to cater to these problems, the South Australian government and SA Water are continuously investing in the water network to lower leaks and breaks.According to the International Trade Administration (ITA), as of 2021, China treats 98.1% of municipalities and 28% of rural areas' water in water treatment plants. In the coming years, China is planning to renovate or build 80,000 km of sewage collection pipeline networks across the country. Thus, the growing government focus on the rehabilitation of the water pipeline network is fueling the trenchless pipe relining market growth.
Asia Pacific Trenchless Pipe Relining Market Segmentation
- The Asia Pacific trenchless pipe relining market is categorized into method, end user, diameter, and country.
- 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 the largest Asia Pacific trenchless pipe relining market share in 2022.
- In terms of end user, the Asia Pacific trenchless pipe relining market is segmented into residential, commercial, industrial, and municipal. The residential segment held the largest Asia Pacific trenchless pipe relining market share in 2022.
- 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 the largest Asia Pacific trenchless pipe relining market share in 2022.
- Based on country, the Asia Pacific trenchless pipe relining market is categorized into Australia, India, China, Japan, South Korea, New Zealand, and the Rest of Asia Pacific. China dominated the Asia Pacific trenchless pipe relining market share in 2022.
- SAERTEX MultiCom GmbH, United Felts Inc, Trelleborg AB, and RelineEurope GmbH are some of the leading companies operating in the Asia Pacific trenchless pipe relining market.
Market Highlights
- 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.
- 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.
- This 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.
- 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.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific trenchless pipe relining market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific trenchless pipe relining market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the trenchless pipe relining market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
Companies Mentioned
Some of the leading companies in the Asia Pacific Trenchless Pipe Relining market include:- SAERTEX MultiCom GmbH
- United Felts Inc
- Trelleborg AB
- RelineEurope GmbH
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 82 |
Published | August 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.02 Billion |
Forecasted Market Value ( USD | $ 1.68 Billion |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Asia Pacific |
No. of Companies Mentioned | 5 |