Water Infrastructure Repair Technologies Market has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
New proprietary research by Research Cosmos reveals that climate change and extreme weather events, the growing global population, and the trend toward sustainable investing are keying growth in the global market for water infrastructure repair technology (WIRT).
The report “Global Water Infrastructure Repair Technologies Market Analysis with Forecasts to 2022 | Growth Opportunities” that the global WIRT market is expected to pass $92.3 billion by 2021, jumping 34.2% from more than $68.8 billion in 2016, reflecting a robust 6.1% CAGR for the period.
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Technological improvements and greater variety of products for non-revenue water loss are creating more user-friendly and accessible platforms for water-loss reduction projects.
Economic, social and cultural incentives are shifting populations from rural to urban regions, further taxing many overburdened city infrastructure systems.
"Lower-middle income countries are urbanizing the fastest. Three countries (India, China and Nigeria), are collectively estimated to account for 37% of the projected growth of the global urban population," says Kevin Fitzgerald, BCC Research editorial director.
Increased Water Value Benefits Wirt
Water has a long history of being undervalued, and thus consumers are not paying near its true value. In response, global utilities are endeavoring to educate the public about the true value of water, and are increasing their water rates.
If they choose, the utilities can invest the additional revenue into their infrastructure water systems.
"As water infrastructure continues to deteriorate, more people are affected and taking notice. Across the globe, there are numerous events to educate the public and engage citizens about the value of water," observes Fitzgerald.
"As utility companies, policy makers and others invested in water infrastructure push to increase the monetary value of water, along with an increasingly educated public, WIRT projects will potentially have more financial support."
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The scope of the market analyzed in this report includes water infrastructure repair technologies used in global drinking water distribution and wastewater collection (e.g., sewer, stormwater) piped infrastructure systems. Components of these piped systems include water distribution and wastewater collection pipes, along with the connectors, fittings, flanges, couplings, valves and adaptors connected to these pipes.
The types of WIRT included in this report include assessment, spot repair, rehabilitation and replacement technologies.
WIRT market data is provided in dollar value for 2015 and 2016, with projections given through 2021. Regional data is presented for North America, Central America, South America, Caribbean, Europe, the Asia-Pacific region, the Middle East, Africa, Australia and Oceania, and Greenland, as well as for the 20 countries most involved in the WIRT market.
This report does not include products, services or technology directly associated with water-processing or water-collection facilities; above ground, open-air water conveyance systems (e.g., aqueducts, ditches, culverts); water storage units (e.g., tanks); or pumps.
- - An overview of the global market for water infrastructure repair technologies (WIRT)
- - Analyses of global market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021
- - Details concerning the systems and materials used to assess, repair, replace and rehabilitate drinking water and wastewater systems
- - Identification of significant trends and factors influencing the market such as new and needed technologies, and the regulatory scene
- - Analysis of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
- - Relevant patent analysis
- - Profiles of major players in the industry
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