The plumbing industry has been showing steady growth over the past few years. While most of the systems in our homes are probably a few decades old at least, breakthroughs across the field may see us all switching over to the newer, more effective technologies of today. We might be making the switch sooner rather than later, too.
Newer, trenchless sewer systems have already captured nearly half of the $3.4 billion market for sewer rehabilitation. About an eighth (or 12.9%) of the $1.5 billion spent on repairing potable water pipes has been captured as well. Put simply, this means that people are switching to trenchless sewer systems exponentially faster each year. That’s impressive growth; trenchless sewer systems and related technologies have really only been on the market for about ten or fifteen years.
So, what’s got Americans flocking to these newer systems in droves? Likely the savings. Homeowners know that costs add up, and failing to intelligently manage a home’s expenses can leave a property manager with lots of those costs. The knowledgeable property manager is always looking for a proactive way to cut costs on their properties. Perhaps this makes the shift to trenchless technologies even more impressive.
While this method is definitively more cost effective (due to the lack of damages more conventional digging methods would have incurred) than the older methods, installation typically costs 30 to 50% more. Americans are fairly cost-weary, so it wouldn’t be a surprise if the initial installation costs turned some people off of making the switch. To echo an earlier sentiment, savvy homeowners know that this is the way to go. The amount of money one would typically have to budget for restorative costs effectively stays in a homeowner’s pocket once a trenchless system is in place, which is where most of the real savings come in.
People are also falling in love with CIPP technology. CIPP technology (or “cured-in-place pipe”) is a jointless, seamless piece of impressive engineering. Think of it as a pipe-within-a-pipe. As long as the pipes in your home’s system are within the diameter range of four to 110 inches, CIPP liners can rehabilitate a damaged pipe with ease.