![]() Sewer maintenance and expansion projects are frequently given low priority by state and local budget officials, but more leakage ruptures will occur as the systems continue to age, necessitating repair or replacement. ![]() Storm and sanitary sewer pipe demand is expected to hit $7.1 billion in 2024, driven by the growing urgency of wastewater infrastructure upgrades.If enacted, America’s Water Infrastructure Act of 2020 would invest $19.5 billion in such projects as repairing wastewater and irrigation systems and improving flooding protection. Potable water pipe demand is forecast to reach $9.4 billion in 2024, supported by government measures to fund water infrastructure projects through the EPA and USDA.Investment in this infrastructure has been underfunded for decades, as local, state, and federal governments have failed to supplement the revenue generated by water rates – the largest source of water infrastructure funds.ĭue to rising investment to replace aging infrastructure, potable water and storm/sanitary pipes are expected to register among the biggest increases in demand through 2024: The American Water Works Association estimates that it will cost at least $1 trillion over the next 25 years to restore and expand the country’s water infrastructure. Pipe Markets Benefiting from Increased Infrastructure Funding Below are some of the key trends to watch in the US pipe market through 2024. On the other hand, a weaker economic outlook – restrained by the ongoing COVID-19 pandemic – will depress construction and oil and gas drilling activity for some time, constraining demand in these major applications for pipe. separation of combined storm and sanitary sewers, which can cause sewage backups during heavy rains.an average age for water and sewer pipes of 45 years, with some existing pipes having been installed more than 100 years ago.nearly 240,000 water main breaks per year.Advances will be driven in large part by increased spending on water and sewer construction and ongoing efforts to replace aging pipelines in the US, where much of the pipe currently in service is near the end of its useful life, or (in many cases) well beyond it.įor instance, America’s Water Infrastructure Act of 2018 (an update of which is pending in the Senate) has already funded several billion dollars in much needed improvements to the US potable water supply and wastewater disposal infrastructure, but more work is needed, as the country addresses: Demand for pipe in the US is projected to climb 2.9% per year through 2024 to $47.4 billion, according to a new Freedonia Group analysis.
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