As per Inkwood Research, the United States Potable Water Pipe Market is anticipated to develop with a CAGR of 2.78% in terms of revenue during the forecasting period of 2024-2032.
“Browse 8 Market Data Tables and 14 Figures spread over 135 Pages, along with an in-depth TOC on the United States Potable Water Pipe Market Forecast 2024-2032.”
Potable water pipes are conduits or pipe systems specifically engineered and employed for conveying drinking water. They are essential elements of the nation’s infrastructure, ensuring the distribution of clean and safe drinking water to residences, commercial establishments, and other facilities.
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Surge in Population Expansion to Fuel Market Growth
As more people settle in urban and suburban areas, there is a growing demand for reliable infrastructure to supply clean drinking water to homes, businesses, and public facilities. This surge in population necessitates the installation and maintenance of extensive networks of potable water pipes, creating opportunities for growth and innovation in the market. Additionally, as aging infrastructure needs upgrading and new developments emerge, the demand for advanced, durable, and efficient water pipe systems continues to rise, further fueling the market expansion.
Plastic: Key Material Type by 2032
Plastic dominates the US potable water pipe market owing to its cost-effectiveness, corrosion resistance, and easy installation. Widely used in large-scale projects, plastic pipes offer an economical alternative. Their corrosion resistance ensures longevity while being lightweight and flexible, aiding in easy transportation and installation, particularly in urban settings.
United States Potable Water Pipe Market: Growth Analysis (2024-2032)
With over 148,000 drinking water systems distributing 39 billion gallons annually, infrastructure faces challenges, particularly lead pipe contamination. A recent EPA report underscores the prevalence of lead pipes, serving an estimated 9.2 million American homes in 2021. Additionally, the US potable water pipe market experiences significant growth driven by government spending on water infrastructure, especially in response to lead pipe issues. The EPA projects a peak replacement rate of 16,000 to 20,000 miles annually by 2035.
Furthermore, some of the leading companies operating in the market are 3M Company, JM Eagle, McWane Ductile, etc.
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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.