Water Infrastructure and Repair Technology (WIRT) Market Is Expected To Reach US$ 107.8 Bn by 2025 | Credence Research

Water Infrastructure and Repair Technology (WIRT) Market Is Expected To Reach US$ 107.8 Bn by 2025 | Credence Research

According to a new market report published by Credence Research “Global Water Infrastructure and Repair Technology (WIRT) Market — Growth, Future Prospects, and Competitive Analysis, 2017–2025,” the market value of global water infrastructure and repair technology is expected to reach US$ 107.8 billion by 2025.

Market Insights:

Large water infrastructure networks are now frequently used to update/detect any flaws in the operation of the water infrastructure. In spite of its high costs, the repair and maintenance of the aging infrastructure are covered by the government’s critical tasks. Repair technology companies often propose composite repair solutions for composite piping and infrastructure repair systems. All of these technologies comply with industrial standards.

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These standards include ASME PCC-2, US DOT 49 CFR (PARTS 192/195), TS / IOS 24817 and NSF / ANSI 61. Increasing awareness of health hazards and sanitation is a key factor in the introduction of new technologies on the WIRT market. The automotive, chemical, refinery, food processing, and other industries are some of the major sectors affecting the natural groundwater. The repair and maintenance of the water infrastructure are carried out more frequently in order to minimize the effects of contamination due to the above-mentioned sectors.

Some of the key factors addressed during the repair and maintenance of the water infrastructure are pipeline inspection and error detection and optimization during the repair and maintenance process. Equipment and technologies used in water and wastewater treatment facilities have improved enormously. WIRT involves groundwater treatment plants, installation of pumping stations, upgrading/rehabilitation of water treatment plants (municipal and industrial installations). In most regions, local agencies are encouraged to set up a record-keeping system to track failures and malfunctions. The system includes a database containing information on the diagnosis of the failure. This helps to have real-time data on repair numbers and also provides the necessary information on planning and policy decisions on infrastructure maintenance, replacement, and the relocation of some of them, among others. The State Water Resources Control Board, regional water quality control boards, local agencies, communities, the private sector, and the public sector are key stakeholders in the implementation of WIRT technologies.

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Trenchless technologies are gaining more momentum on their credits as a cost-effective, less invasive alternative to replacing failing underground (onshore and offshore) infrastructure. Spot assessment and repair technology has advanced technology in place. It is known as CIPP (cured-in-place pipe liner) which is useful for replacing underground structures that are buried deep underground and are relatively old.

The key players in the WIRT market are, but not limited to 3M Company, Aclara Technologies LLC, Action Products Marketing Corp., Advanced Trenchless Inc., Black & Veatch, Brandenburger Liner Gmbh & Co. KG, Brawoliner, EEG Ltd., Electro Scan Inc., KMB Pipe Rehabilitation Emirates L.L.C., Krausz Ltd., Lanzo Trenchless Technologies, Mueller Water Products Inc., and National Liner LLC.

Key Trends:

  • The repair technologies companies are today adopting water stewardship strategy so as to anticipate, mitigate and manage risks of changing landscapes and its adverse effects on the water infrastructures
  • IoT (internet of things) is widely accepted as it has the pipeline network connected through software-controlled sensors and network connection to get real-time data on the existing and proposed infrastructures.

Market Segmentation

By Infrastructure Type

  • Fresh/Potable Water Infrastructure
  • Drinking-Water Infrastructure
  • Wastewater Infrastructure

By Repair Technology Type

  • Remote Assessment and Monitoring
  • Open and Cut-Pipe Repair
  • Spot Assessment and Repair
  • Trenchless Pipe Repair

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

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