GLOBAL WATER INFRASTRUCTURE AND REPAIR TECHNOLOGY MARKET FORECAST 2023-2032

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Water Infrastructure and Repair Technology Market – Top Global Trends Water infrastructure and repair technologies (WIRT) are primarily used in applications such as resource management, water delivery, flood protection, and others. These largely include assessment, replacement, repair, and rehabilitation solutions that ensure the effective functioning of water infrastructure systems. As per Inkwood Research, the global water infrastructure and repair technology market is projected to grow with a CAGR of 6.56% during the forecasted years of 2023 to 2032. Moreover, the market is expected to garner a revenue share of $185.823 billion by 2032.

According to a report by UNU’s Canadian-based Institute for Water, Environment and Health, titled, ‘Ageing Water Infrastructure: An Emerging Global Risk,’ the majority of the 58,700 large dams across the world were constructed between 1930 to 1970. With a designated life of 50 to 100 years, a large concrete dam will likely begin expressing signs of aging at 50 years. Since the water infrastructure globally is aging and continually requires renovation and repairs, electricity, gas, and water companies are focused on solution-oriented technologies. This is due to the significant expenses associated with the restoration and replacement of water networks – as per Inkwood Research, replacement is set to be the dominating category by 2032.


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GLOBAL WATER INFRASTRUCTURE AND REPAIR TECHNOLOGY MARKET FORECAST 2023-2032 by Inkwood Research - Issuu