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According to The Business Research Company’s Water Infrastructure Repair Technologies Global Market Report 2024, The water infrastructure repair technologies market size has grown strongly in recent years. It will grow from $74.39 billion in 2023 to $80.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to aging infrastructure, urbanization, environmental concerns, water scarcity, natural disasters.
The water infrastructure repair technologies market size is expected to see strong growth in the next few years. It will grow to $109.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to smart infrastructure, shift towards decentralized water systems, resilience against cyber threats, private sector investments, regulatory evolutions. Major trends in the forecast period include remote inspection technologies, modular infrastructure, hybrid infrastructure approaches, resilience certification, energy harvesting technologies.
The ageing water infrastructure is driving the water infrastructure repair technologies market. Aging water infrastructure refers to the development of any water resources, storage, irrigation, or federal agency project that is older than 75 years. These ageing water infrastructures leak billions of gallons of potable water each year. To prevent water shortages in the future, water utilities constantly need to update and improve their systems. Water infrastructure repair technologies are employed and used for inspection, tracking critical faults, and maintaining critical pipeline infrastructure. For instance, according to the report card for America’s infrastructure 2021, there are 2.2 million miles of water pipes that are ageing in American water systems, and the US incurs a loss of 6 billion gallons of treated water every day due to water main breaks every two minutes. Thus, ageing water infrastructure is driving the water infrastructure repair technologies market.
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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
Major companies in the water infrastructure repair technologies market are concentrating on product launches, such as end-to-end solutions, to combat water loss. An end-to-end solution refers to a comprehensive and integrated approach that addresses all aspects or stages of a particular process or problem. For example, in January 2023, FIDO Tech Ltd, a UK-based tech innovation company that employs artificial intelligence (AI) to tackle water loss, introduced an innovative end-to-end solution. This features AI-driven leak detection and monitoring capabilities, offering utilities a cost-effective and scalable approach to reduce water loss. By seamlessly integrating with existing systems and guaranteeing results through a fixed-fee service, FIDO Direct significantly contributes to advancing water infrastructure repair technologies to address the critical challenge of water loss.
The water infrastructure repair technologies market report table of contents includes:
1. Executive Summary
2. Water Infrastructure Repair Technologies Market Characteristics
3. Water Infrastructure Repair Technologies Market Trends And Strategies
4. Water Infrastructure Repair Technologies Market – Macro Economic Scenario
5. Global Water Infrastructure Repair Technologies Market Size and Growth
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32. Global Water Infrastructure Repair Technologies Market Competitive Benchmarking
33. Global Water Infrastructure Repair Technologies Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Water Infrastructure Repair Technologies Market
35. Water Infrastructure Repair Technologies Market Future Outlook and Potential Analysis
36. Appendix
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