Sewer Cable Market is expected to reach US$ 115.99 million by 2030

Increasing Population and Urbanization Bolsters Sewer Cable Market Growth

According to our latest study on "Sewer Cable Market Analysis and Forecast to 2030 – Global Analysis – by Geography," the market is expected to grow from US$ 84.32 million in 2022 to US$ 115.99 million by 2030; it is anticipated to record at a CAGR of 4.1% from 2022 to 2030.

According to the UNCTAD Handbook of Statistics, the world population surpassed 8 billion in 2022. Further, the world population is projected to reach 8.55 billion by 2030 and 9.71 billion by 2050. The United Nations (UN) data states that 5 in every 6 people live in developing economies. The global population is anticipated to increase by 1.6 billion in the next 25 years. Many developing economies, particularly from Africa, Asia, and Oceania, are expected to experience significantly high population growth among all countries. The following chart shows the projected population growth (in billions) in developed and developing economies.

Sewer Cable Market Share — by Region, 2022

Source: The Insight Partners Analysis

According to the UNCTAD Handbook of Statistics

In tandem with an increase in population, the urban population is also on the rise. According to the UN, the share of the population living in urban areas is projected to expand from 57% in 2022 to 68% by 2050. The urban population is highly concentrated in North America, Latin America and the Caribbean, Europe, and Oceania. In contrast, Africa has a majority of the rural population, with approximately 52.3% of the population living in rural areas. The chart below shows the growth of the urban population in developed and developing economies.

Growth in the overall population, specifically the urban population, has led to an increased need for water and wastewater facilities and efficient sewer systems. Furthermore, due to the ongoing trend of urbanization, the use of flushable products has also increased significantly, creating a risk of the formation of fatberg that may lead to blockages in drain systems. This, in turn, creates the demand for effective drain equipment systems, including sewer cables. Thus, increasing population and urbanization in the world drive the sewer cable market growth.

Apart from growth drivers, the report covers the sewer cable market trends and their foreseeable impact during the forecast period. The geographic scope of the sewer cable market report includes North America, Europe, Asia Pacific, the Rest of World. In terms of revenue, North America accounted for the largest sewer cable market share in 2022. Europe is the second-largest contributor to the global market, followed by APAC. China, India, South Korea, Japan, and Australia are among the key economies in APAC. The regional economy is gaining traction owing to the numerous technological and infrastructural developments. The presence of various key manufacturers of sewer cable in the region and increasing demand for treated water in municipal and industrial applications, among others, in countries such as China, South Korea, Japan, and India drive the growth of the APAC sewer cable market. Furthermore, the availability of low-cost raw materials in APAC has enticed a number of multinational firms and investors to establish manufacturing facilities in the region, which benefits the market.

Rising population, growing urbanization, and increasing investments in sewer system maintenance activities bolster the growth of the APAC sewer cable market size. Sewer system blockage is one of the major challenges faced by municipalities and other authorities operating in various countries. In the city of Hanoi in China, authorities are facing great challenges in maintaining sewer systems effectively. A large amount of raw material effluents often clogs the entire sewer system, thereby destroying it. Indonesia, Sri Lanka, Myanmar, and India are also facing similar issues. Countries are thoughtfully planning their budget and are investing heavily in sewer treatment projects to deal with sewer maintenance challenges effectively. According to the International Trade Administration (ITA), as of 2021, water treatment plants in China treat a total of 98.1% of municipality and 28% of rural wastewater. In the coming years, the country is planning to renovate or build 80,000 km of sewage collection pipeline networks across the country. China's policy support and investment focus favor sewage pipeline maintenance activities in second- and third-tier cities.

In February 2024, the Prime Minister of Bangladesh inaugurated South Asia's largest single sewage treatment plant (STP) in Bangladesh. The country is planning to build four more sewage treatment plants, one each in the Rayerbazar, Pagla, Uttara, and Mirpur, to be able to treat 100% of sewage in Dhaka by 2030. Such projects are expected to increase in the coming years owing to the changing lifestyle of the urban population residing in various South Asian countries. Sewer cleaning authorities operating in APAC seek robust and flexible sewer cables that can meet their requirement efficiently. To meet their requirements, manufacturers operating in the sewer cable market develop cables with flexible steel springs and pull-out clogs. RIGID, S.R. Info Solution Private Limited, Kimax Industry Co. Ltd., and Hydrovide SA are a few key sewer cable manufacturers operating in APAC. The region comprises a number of mid-size cable manufacturers, reflecting the strength of local companies in the region. These manufacturers have strong distributor networks, and they have been joining forces with various resellers to tap the market effectively.

Countries such as Brazil, Argentina, Chile, Peru, and Colombia are among the key contributors to the South American economy. These countries are also experiencing a rise in the middle-class population and growth in urbanization. The region also witnesses a shortage of housing. The wastewater treatment systems across most of the countries in the region are considered to be of average quality. Robust demand for infrastructure, together with governments’ commitments to fund water treatment projects, is expected to bolster the sewer cable market size during the forecast period. For the development of the infrastructure, governments of these economies are focusing on attracting private investments. Increasing urbanization is further leading to the generation of fatberg, interrupting the sewer/drain system operations. Municipal authorities in Brazil, Argentina, and other key countries invest huge amounts in the removal of these fatbergs and the effective maintenance and management of sewer systems. This has led to huge demand for drain cleaning equipment, including flexible and superior-quality sewer cables. In South America, numerous local sewer cable manufacturers present a large portfolio of sewer cables as per the specific requirements of end users. A few of the sewer cable market players catering to end users in this region include General Wire Spring Co and RIGID.

Hongli Pipe Machinery; General Wire Spring Co.; MyTana LLC; SEWER CABLE EQUIPMENT COMPANY.; Coast Manufacturing; DURACABLE; Electric Eel Manufacturing; Ferguson Enterprises, LLC.; RJM Equipment Sales, Inc; Spartan Tool; Trojan Worldwide Inc; Drain Cables Direct (DCD); Gorlitz Sewer & Drain, Inc.; Milwaukee Tool; and RIDGID are among the key players profiled in the sewer cable market report. These companies implement both organic (such as product launches, expansion, and product approvals) and inorganic (such as collaborations and partnerships) strategies to stay competitive in the market.

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