Increased Adoption of Pipe Relining to Lower Cost of Pipes Restoration Methods is Driving the Pipe Relining Market Growth
Traditional sewer pipeline repair methods involve excavation and digging, which are costly, time-consuming, and disruptive processes. These processes take several days and even weeks, depending upon the complexity of the issue. With pipe relining, the cost of digging and excavation of land is typically lowered because pipe relining does not require any digging and excavation. The pipe relining process involves the insertion of durable lining inside the damaged pipe; the process can be completed with minimal disruption and at minimum cost. In recent years, property managers, government municipalities, and homeowners have made use of pipe relining methods instead of pipe replacements. Apart from being a slow process, the traditional renovation of pipes can be costly, particularly when the damaged pipes are located underneath landscaped lawns, tiled flooring, or behind finished walls. Thus, the method of traditional replacement involves the destruction of all the things that are covering the pipe. Once the process is completed, the contractors will need to restore the destroyed landscape as well as parts of the building.
Thus, pipe relining technology is considered the most effective and emerging solution for the restoration of damaged pipe systems both outside and inside buildings. This process helps restore pipes without any devastation and protects pipes from several kinds of failures, such as corrosion, debris buildup, root intrusion, and leaks. Pipe relining is not only an appropriate solution for drain lines and portable water lines restoration but can also be used for vertical applications, mechanical systems, and roof drains. All such factors are boosting the pipe relining market size.
Additionally, pipe relining can help in increased pipe flow. For instance, in November 2021, Capital Sewer Services (CSS) achieved a contract worth US$ 23.25 million project in Toronto, Canada, to rehabilitate around 2,280 m of trunk sewers, highlighting the benefits of several trenchless methods such as cured-in-place pipe (CIPP) lining, glass reinforced plastic (GRP) slip lining, and spray-applied shotcrete lining. Thus, the growing adoption of pipe relining owing to its associated advantages is propelling the pipe relining market growth.
Pipe Relining Market Analysis: End User Overview
The global pipe relining market is segmented based on solution type and end users. By end user, the pipe relining market is categorized into oil & gas, chemical, municipal, and others. The major distribution of oil as an energy source is carried out by pipelines across the globe. The rising demand for energy sources is anticipated to favor the market for pipe relining positively. Further, increasing investments in the restoration of aging sewage lines are bolstering the growth of the market. Also, the increasing water scarcity crisis in various countries of the world is driving the demand for better pipelines. According to The Insight Partners’ estimate, nearly 14–18% of the daily treated water is lost through pipe leaks, and with a few water pipeline systems, the loss rates exceed 60% around the globe. This has created a massive demand for the pipe relining method for water saving and avoiding water leakages through the existing pipelines. The global water condition is not good; thus, proper water infrastructure and pipelines are required to avoid leakages. For example, in Europe, water pipelines have not been upgraded for a century.
Water scarcity affected ~20% of the European land and 30% of the European people annually. To address this problem, proper financial planning and technology are being used by water-related authorities and municipalities. For instance, in 2021, the Drinking Water and Wastewater Infrastructure Act was launched in the US. It includes US$ 55 billion in funding for the improvement and restoration of the water and wastewater systems.
The oil & gas segment held the largest pipe relining market share in 2022. The oil & gas industry is the prominent sector to utilizes the pipe relining method in order to avoid leakages through damaged pipes. In North America, there are more than 2.6 million miles of natural gas and petroleum products pipelines. These pipelines require continuous maintenance and monitoring to avoid leakages. Globally, more than 1,165 oil pipeline-related projects have been planned that will require pipe relining methods to save the additional cost of pipe relining.
The oil & gas sector extensively requires pipelines for transportation and distribution purposes. In the pipe relining market, the oil & gas industry held a prominent share in 2022. This is primarily owing to the high cost of replacement of oil and gas pipelines. The pipe relining is the least expensive method, which does not require digging and excavation of the existing pipelines. Thus, this method of repairing damaged pipelines has gained popularity around the globe. Countries with substantial oil reserves need an efficient supply and distribution system for domestic supply as well as international exports. According to the International Energy Agency (IEA), the oil & gas industry generated revenue of US$ 4 trillion in 2022, which increased by ~4.5% compared to 2021. Also, natural gas production was recorded to be more than 100 billion cubic feet per day in the US in 2022. The oil refinery industry is one of the significant end users of hydrogen compressors as it requires hydrogen for various applications, including removing impurities or contaminants, such as sulfur, and processing crude oil into refined fuel. Pipelines used for these distributions are wear and tear due to electrochemical reactions and various other factors. Thus, it is essential to restore them on time to avoid any disruptions in the supply of leakage-causing hazards. Generally, pipelines carrying oil can form oil losses due to corrosions and geometrical bends at the pipeline joints.
Pipe Relining Market: Competitive Landscape and Key Developments
Advanced Trenchless Inc., Roto-Rooter Group Inc., Silverlining Holding Corporation, Nu Flow Corporate, Perma-Liner Industries LLC, RPB Inc, Specialized Pipe Technologies, Pipe Restoration Solutions, and Aegion Corporation are among the key players covered in the pipe relining market report. Companies in the market mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.