Drain Cleaning Equipment Market to Witness Sales Slump in Near Term Due to COVID-19; Long-term Outlook Remains Positive
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The global drain cleaning equipment market is expected to accumulate US$ 234.6 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 6% has been projected for the market, with an expected closing value worth US$ 418.9 Million. During the 2016–2021 historical period, the industry grew at a value CAGR worth 5.1%.
As there is numerous material which can cause blockage in drainage. Drain cleaning equipment is the major components in operation and maintenance of water, wastewater, and sewer utilities. It is a never ending and challenging task to keep drainage system, the piping system in the flow. However, it is most important but most overlooked elements of healthy facilities.
The area of blockage may be hard to access and so difficult to remove the blockage. Drain cleaning equipment help to remove the blockage in these locations and clear the drainage system.
Market Participants
Some of the examples of the market participants in the global Drain Cleaning Equipment Market, identified across the value chain are:
Masco Corp
DURACABLE.
Gorlitz Sewer & Drain, Inc
General Wire Spring Co.
Electric Eel Manufacturing Co Inc
Spartan Tools LLC
Duracable Manufacturing CO
Rothenberger USA LLC
Goodway Technologies Corp.
GT Water Products Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.Furthermore, significant investments in the field of cleaning as well as operation and maintenance of drains, wastewater, and sewer in the countries such as India and China will bolster the Drain Cleaning Equipment Market. The growth in the Drain Cleaning Equipment Market in North America is chiefly due to the government support and funding in the field of development and implementation. Rest of the world market is estimated to account for a relatively small share of the Drain Cleaning Equipment Market.
Read More: https://www.futuremarketinsights.com/reports/drain-cleaning-equipment-market
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