The global drinking water pipe repair market is anticipated to grow at ahealthy rate of CAGR 6.7% during the forecast years 2018 to 2026. The market isexpected reach a valuation of Technology wise, spot assessment and repairtechnology is expected to provide impetus to the global drinking water pipe market in theupcoming years.
Several market players operate in the global drinking water pipe repairmarket. However, some of the prominent players include KMG Pipe RehabilitationEmirates, Atlantis Plumbing, Amex GmbH, Kurita Water Industries Ltd, AdvancedTrenchless, 3M Company, and Kurita Water Industries Ltd. These companies facestiff competition.
Rising Construction of Buildings StrengthensDrinking Water Pipe Market
Water is an essential part of social infrastructure, therefore, theproper distribution and supply must take place. Due to ongoing fast paced urbanizationand industrialization the number of building constructions is growing at astaggering rate. This leads to constant and uninterrupted supply of water,owing to the growth of the global drinking water pipe repair market.
With rapid urbanization and increasing demand for water supply newtechnologies and techniques needs to be introduced to for quick repairs.Availability of epoxy technologies and composite resins has made it possible byunderstanding the modern pipe complexities. This is expected to propel thegrowth of the global drinking water pipe repair market in the next fewyears.
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Health is of utmost importance to all, whether it is urban cities orrural areas, providing clean and safe potable water to all the citizens is theresponsibility of civic bodies of respective governments across the globe. Toensure safe drinking water to cater to the huge population, the timelymaintenance of water pipes is an important factor. This is expected to nudgethe growth opportunities in the global drinking water pipe repair market overthe forecast period.
However, certain under developed counties may not be able to afford thehigh cost associated with drinking water pipe repair. Nonetheless, severalgovernment and public health organizations across the globe are extending helpby funding for adoption of latest technologies for pipe repairs. This isexpected to propel the growth of the global drinking water repair water marketin the upcoming years.
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Asia Pacific to Provide Promising Growth
Asia Pacific is foreseen as a promising market in the global drinkingwater pipe repair market during the forecast period. There are several reasonsassociated with Asia Pacific to lead the market. Rising population, rapidurbanization, increasing demand for safe drinking water, rising number ofconstruction projects, etc. are expected to drive the growth in the globaldrinking water pipe market. Furthermore, presence of pipe manufacturers, latesttechnology and rising awareness about safe drinking water, and water conservationare fuelling the growth. China is likely to dominate the market in thisregion.
North America is also likely to fetch a major share in the globaldrinking water pipe repair market due to the availability of latesttechnologies.
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